Acquisition Agreement

COMPAGNIE DE SAINT-GOBAIN 25 August 1999 Acquisition of Korund by the Abrasives Division of Saint-Gobain Group The Abrasives Division of Saint-Gobain has signed on August the 24th, an agreement to purchase 51% of the capital of KORUND S.A. Completion of the sale is subject to obtaining the necessary regulatory approvals from Polish authorities. KORUND S.A., based in Kolo is the leading producer of abrasives in Poland. In 1998, its had annual sales of 95 million PLN (24 million Euros). Tel: Florence TRIOU 01 47 62 45 19 Tel: Lounis BEKKAT 01 47 62 32 36 Fax: 01 47 62 50 62
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