Casino and Laurus: Credit Facility Agreement with the Banks has been signed

Following the press release of 4 June 2002, Casino and Laurus announce that today the Credit Facility Agreement with the Banks (ABN AMRO Bank, ING Bank and Rabobank Nederland) has been signed.

This agreement comprises a maximum total facility of E 950 million, as disclosed previously in the press releases of 7 March 2002 and 29 April 2002. Furthermore today agreement was reached on the Excess Liability Facility of E 250 million, non recourse to Laurus NV, for Spain and Belgium.

Now that the agreements with Casino and the Banks have been signed, the annual general meeting of shareholders of Laurus will be convoked today also. This meeting will be held on 28 June 2002 at the Netherlands Congress Centre, Churchillplein 10, The Hague. On the agenda of this meeting are, among others, the proposed transaction between Casino, Laurus and the Banks and the annual accounts 2001.

(source: Laurus)

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