The Gores Group Completes Acquisition of Sagem Communications

The Gores Group, a leading U.S. investment firm, announced today
that it closed its acquisition of Sagem Communications from SAFRAN for
an enterprise value of 383 million euros (560 million dollars at
current exchange rate).

Sagem Communications is one of France´s premier technology
companies specializing in broadband communications and convergence
activities. Products include digital TV set-top boxes, broadband
residential terminals, printing terminals and telecom systems and
partnerships.

The Gores Group will be majority shareholders of Sagem
Communications, with a minority share of the capital held by
management and a group of employees, SAFRAN, CIC Finance and Club
Sagem. Closing of the deal followed consultations with all unions, and
the receiving of necessary approvals from French and European
authorities.

Sagem Communications has 6,500 employees worldwide, and posted
sales of 1.2 billion euros in 2007.

"Sagem Communications is already a leader in each of its business
lines, having combined stellar research and development with solid
customer relationships," said Steve Yager, Senior Managing Director,
The Gores Group. "The company is on the cusp of the global explosion
in television technology and broadband, making this one of the most
exciting acquisitions we have ever made. We are long-term, value
investors and Sagem Communications fits perfectly into our strategy."

Patrick Sevian, CEO of Sagem Communications, said, "The Gores
Group can provide Sagem Communications with the resources needed to
develop its business and seize current marketing opportunities,
enabling it to reach critical mass and play a top-tier role in the
global market."

About The Gores Group, LLC

Founded in 1987, The Gores Group, LLC is a private equity firm
focused on acquiring controlling interests in mature and growing
businesses which can benefit from the firm´s operating experience and
flexible capital base. The firm combines the operational expertise and
detailed due diligence capabilities of a strategic buyer with the
seasoned M&A team of a traditional financial buyer. The Gores Group,
LLC has become a leading investor having demonstrated over time a
reliable track record of creating substantial value in its portfolio
companies alongside management. The firm´s current private equity fund
has committed equity capital of $1.3 billion. Headquartered in Los
Angeles, California, The Gores Group, LLC maintains offices in
Boulder, Colorado and London. For more information, please visit
www.gores.com.

About Sagem Communications

Sagem Communications is a major player in the fields of
communication, having acquired international positions thanks to a
high innovative potential. The products of Sagem Communications
benefit from a particular awareness in the following activities:
printing terminals, residential terminals, digital TV set-top boxes,
electronic metering.

About CIC Finance

CIC Finance, a subsidiary of the Credit Mutuel-CIC Group, invests
in high performance companies in order to support their expansion
and/or buy-in/buy-outs. With assets under management of EUR 1.3
billion, CIC Finance is one of France´s leading private equity firm
and favours a flexible, partnership-based approach to relations with
company shareholders and directors. For more information, please visit
www.cicfinance.com.