CHROMAVIS BUYS DURLIN - The agreement was signed in Paris on April 13th, 2010 - The closing of the operation is forecasted on June 4th, 2010

CHROMAVIS, second worldwide operator of B2B cosmetics and its Management Team buy 100% of DURLIN France, worldwide leader in the development and production of nail polishes and products, from Bergerac NC, subsidiary of the French state-owned company SNPE.

CHROMAVIS, Italian company owned by the Management and held by Cape Natixis Due and Progressio Investimenti with private equity funds, was founded in 2008 from the merging of Clavis and Gamma Croma and it is one of the main companies in the sector.

DURLIN France holds 56% of Durlin East Europe (in Poland) and 49% of Durlin Asia (in Thailand). The company boasts about 17 millions euros at consolidated level. The plants are located in the Bergerac area (south west of France), in Ciechanòw (Poland), and in Bangkok (Thaïland). DURLIN serves the major actors and the more prestigious brands of the cosmetics industry.

With this acquisition, CHROMAVIS consolidates its presence in the reference market, reaching an overall turnover foreseen for 2010 of over 85 million Euros, with an Ebitda of about 15 million Euros.

Bernard Msellati, CEO of CHROMAVIS, states: “The significant acquisition of DURLIN confirms CHROMAVIS’ strategy to strengthen its presence on the international market, keeping a specialized approach also on the global market (“Global Player with a Local Vision”). The ongoing research for client’s satisfaction, through excellence in the research, innovation and service is inborn in the DNA of both companies, thanks to an organization fully dedicated to the market.”

“We are convinced that CHROMAVIS offers the best potential for the development of DURLIN, with a remarkable complementarity of the product lines, markets and industrial operations of the two companies” says Guy de Gaulmyn, SNPE VP Chemicals and Chairman of DURLIN France.

This significant transaction leads CHROMAVIS to complete its wide range of products and to strengthen its credentials in the cosmetics sector, with the aim to ensure the continuity of the success factors that contributed in the past to attain the current results and to satisfy the different needs of clients all over the world.

For SNPE, this sale of its operations in nail polish is in line with the strategy of privatization of SNPE decided by its shareholder, the French State.

SNPE is a leading French industrial group specializing in chemicals for energetic materials used at the core of several civilian and military systems, particularly in solid propulsion for strategic and tactical missiles and space launchers. GROUPE SNPE, specialist in complex synthesis processes, also operates in the chemical specialities field.

Press Contacts: Guy de Gaulmyn – SNPE Vice President Chemicals and Chairman of DURLIN France Tel. +33 (0)1 48 04 67 54 / (0)1 48 04 68 45 - Email: g.degaulmyn@snpe.com Monica Biancardi - Chromavis S.P.A. Tel. +39.0373.279372 Fax. +39.0373.279351 Email: monica.biancardi@chromavis.com