15.12.03

15.12.2003: Meldung: Suez raises its direct stake in Electrabel to 50.01 percent

Suez recently made opportunistic purchases of Electrabel shares on the stock market, raising the Group"s direct shareholding to 50.01 percent or 54.68 percent inclusive of the joint action with the pure intermunicipal finance companies (4.67percent).

On May 8, 2003, Suez had reported that on its own it held 45.34 percent of Electrabel"s shares, or 50.01 percent inclusive of the joint action with the pure intermunicipal finance companies (4.67%).

Suez. a worldwide industrial and services Group, active in sustainable development, provides companies, municipalities, and individuals innovative solutions in Energy - electricity and gas - and the Environment - water and waste services. In 2002, Suez generated revenues of 40.218 billion Euro (excluding energy trading). Suez is listed on the Euronext Paris, Euronext Brussels, Luxembourg, Zurich and New York Stock Exchanges.

Disclaimer Regarding Forward-Looking Statements

This press release contains certain forward-looking statements, particularly with respect to future events, trends, plans or objectives, such as debt reimbursement maturities, operational profitability resulting in cost reductions level of investments and the impact of the Action Plan and the results. These statements are based on management"s current views and assumptions and involve a number of risks and uncertainties which may lead to a significant difference between actual results and those suggested either explicitly or implicitly in these statements (or suggested by past results). Additional information about these risks and uncertainties appears in documents filed by Suez with the U.S. Securities and Exchange Commission and the French Commission des Opérations de Bourse. The present forward-looking statements are offered as of the date of release, with no undertaking by Suez to update or revise them, whether in connection with new information, future events, or any other factor.

Source: Suez

For more information about Suez, visit the Web site: www.suez.com
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