Clarification Statement

Compagnie de Saint-Gobain
29 January 2002



Compagnie de Saint-Gobain denies that it has issued convertible/exchangeable 
bonds ('oceanes' ie bonds convertible into new issuer shares or exchangeable 
into existing issuer shares) - contrary to a report published this afternoon by 
a financial information Agency.

Compagnie de Saint-Gobain reviews on an on-going basis various financing 
possibilities identified by itself or suggested to it by financial institutions. 
No decision has been taken as to issuing oceanes.


                        Investor Relations Department

Tel.: Florence TRIOU-TEIXEIRA [phone]
                              mailto: [e-mail] 

Tel.: Claire MOSES            [phone] 
                              mailto: [e-mail] 
                                    Fax : [phone]



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