Announcement

Trading, Maintenance et Services (in short “T.M.S.”) is a company organised under the laws of Belgium. Part of its shares is negotiable on the free market of Euronext Paris.


TMS is specialized in the worldwide distribution of spare parts for building and civil engineering materials and for trucks. Present in over 40 countries thanks to its agencies’ network of and its subsidiaries in the USA, France, Brasil and Spain, TMS has realized a consolidated turnover of EUR 55 millions in 2007.


TMS is pleased to announce that its majority shareholders transferred on August 1, 2008 a participation of 77 % in its share capital to the Italian group GB Group. GB Group is one of the major manufacturer and distributor of spare parts in the sector of agriculture and industry. GB Group has realized a consolidated turnover of over EUR 200 million in 2007. The group is active in many countries and operates via its subsidiaries in Italy, the USA, United Kingdom and South Africa.


TMS and GB Group are active in the same sector and offer many complementarities.


The sale has been realised at a provisional price of EUR 18.02 per share, which will still be subject to certain adjustments, in particular depending on the operating results of 2008.


The controlling shareholder keeps a participation of 15% in the share capital of TMS and the management team will remain in function after the transaction.