EULER HERMES
Société anonyme à Directoire et Conseil de Surveillance
au capital de 14 691 191,20 euros
Siège social : 1,3,5 rue Euler, 75 008 Paris
RCS Paris B 552 040 594
Disclosure of total number of voting rights and number of shares in the capital at November 30, 2011
Pursuant to articles L. 233-8 II of the French commercial code and 223-16 of the Autorité des Marchés Financiers' general regulations
| Total number of shares | Theoretical number of voting rights (1) | Number of real voting rights (2) |
| 45 159 477 | 45 159 477 | 43 693 783 |
(1) including own shares
(2) excluding own shares
