Lapeyre Final Results

Compagnie de Saint-Gobain
29 March 2000


                                 GROUPE LAPEYRE
                       CONSOLIDATED 1999 FINANCIAL RESULTS

The Board of Directors met on March 24, 2000 and  approved  the  financial
statements and consolidated earnings for the year ended December 31, 1999.

                           in millions of              in millions 
                           french francs    % change   of euros
                           1999     1998               1999     1998
Sales                      7,680   6,462     18.9%     1,171     985
Operating income             835     745     12.0%       127     114
Net income                   482     431     11.8%        73      66

Earnings per share 
(francs/euros)             21.95   19.65     11.7%      3.30    3.00

Cash flow                    786     698     12.5%       120     106

Investments                  795     596     33.2%       121      91
Working capital requirement  919     870      5.7%       140     133
Net cash                      95     219    -56.5%        15      33
Shareholders' equity       3,391   3,036     11.7%       517     463

Consolidated  results  include  full  year  sales  and  earnings  from  Sofiplas
(Belgium) and from the German companies comprising Lapeyre Deutschland,
Companies  newly consolidated in 1999 include Erg and Okfens in  Poland (since
January  1), SBL Styl'Deco in France (since May 1) and Lapeyre Polska in Poland
(since May 1).

The 18.9% increase in sales was driven by the consolidation of new companies and
by the strong organic growth achieved in France across the entire business base.

Operating income rose by 12% during the year and amounted to 10.9% of sales.

Net income after amortization of goodwill, income from companies accounted for
by the equity method and minority interests gained 11.8% from the previous year.

Cash flow increased by 12.5% to FF 786 million (EURO 119.8  million). Marketing
outlays and capital spending totalled  FF 505.1 million (EURO 77 million).
Acquisitions of investments (primarily ERG-Okfens) rose to  FF 289.4  million
(EURO44.1  million).  Working capital requirement was unchanged, while net  cash
amounted to FF 95.1 million (EURO14.5 million) at year-end.

The favorable economic  environment in France and  Poland,  the  redeployment
measures undertaken in Germany and the new installation services being developed
in France all point to sustained profitable growth for Groupe Lapeyre in 2000.
In  particular,  the  Lapeyre and GME chains will continue to expand  with  the
opening of five Lapeyre warehouse stores and six GME warehouse stores.

Group chains are also creating and opening websites, which will be transformed
into e-commerce sites in coming months.

The Board of Directors closed the accounts for the Group's parent company,    
Lapeyre, showing, a 1999 net income of FF 436 million (EURO66.4 million).

At the Annual Meeting on May 17, 2000, the Board will ask shareholders to
approve a dividend net of tax credit of EURO1.08 per share, representing a
12.5% increase from the 1998 dividend.  Maximum tax credit for individual
investors will amount to EURO0.54 euro per share. The dividend will be paid on
May 31, 2000.

The Board will also ask shareholders to ratify the appointment of Jean-Pierre
Lamoure and Rene Mitieus as Directors.


Lapeyre - Investor Relations
Patrick Mallet
Tel: [phone]
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