17.05.05

17.5.2005: Meldung: Combined Annual and Extraordinary General SUEZ Shareholders" Meeting

On May 13, 2005, the Combined Annual and Extraordinary General Meeting of SUEZ Shareholders, chaired by G?rard Mestrallet, Chairman and C.E.O., met to review the report of the Board of Directors for fiscal year 2004, as well as the reports of the Chairmen of the three Board Committees (Audit Committee, Ethics, Environment and Sustainable Development Committee, Compensation and Nominations Committee). The General Meeting approved the financial statements and earnings appropriation for 2004, highlighted by a strong increase in results and improved operating performance. These results reflect the pertinence of the Group"s strategic choices and confirm the effectiveness of its business model featuring selective, profitable development based on organic growth in its businesses.

The dividend for fiscal year 2004 was set at EUR 0.80 per share, an increase of 13% over 2003, for a payout of EUR 800 million. The dividend will be payable from May 16, 2005.

The General Meeting"s decisions included:

- four-year renewals of Director terms of office for:
o G?rard Mestrallet, Executive Director,
o Paul Desmarais Jr., Non-independent Director, and
o Lord Simon of Highbury, Independent Director.

- a four-year term Director appointment for:
o Richard Goblet d?Alviella, Independent Director.

- renewal of the appointments for six years of the terms of Deloitte & Associ?s as Principal Statutory Auditor, and BEAS as Deputy Statutory Auditor.

The General Meeting was attended by 2,000 shareholders and was broadcast live on an audio feed via the Group"s Website (www.suez.com), where the broadcast will continue to be available for three months.

Directors Lucien Douroux and Jean Gandois did not seek renewal of their terms of office. The Board of Directors took the occasion to pay them tribute, expressing its deep gratitude for their roles in the Group"s development over the past several years.

At today"s meetings, the Board also decided:

- to re-elect G?rard Mestrallet for a period of four years as SUEZ Chairman and Chief Executive Officer;
- to divide the Compensation and Nominations Committee into two separate committees.
- to change Board Committee assignments as follows:
o Audit Committee: Jacques Lagarde, Chairman; Edmond Alphand?ry; Antonio Brufau; and Richard Goblet d?Alviella.
o Ethics, Environment and Sustainable Development Committee: Etienne Davignon, Chairman; Ren? Carron; Anne Lauvergeon; and Jean-Jacques Salanne.
o Nominations Committee: Ren? Carron, Chairman; Gerhard Cromme; and Anne Lauvergeon.
o Compensation Committee: Lord Simon of Highbury, Chairman; Etienne Davignon and Paul Desmarais Jr..

For more information about SUEZ, visit our Web site: www.suez.com

SUEZ, an international industrial and services Group, designs sustainable and innovative solutions in the management of public utilities as a partner of public authorities, businesses and individuals. The Group aims to answer essential needs in electricity, gas, energy services, water and waste management. SUEZ is listed on the Brussels, Luxembourg, Paris, New York and Zurich stock exchanges and is represented in the main international indices: CAC 40, DJ STOXX 50, DJ EURO STOXX 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone. The Group employs 160,700 people worldwide and achieved revenues of ? 40.7 billion in 2004, 89% of which were generated in Europe and in North America. Paris is an official sponsor of Paris 2012.
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