The Board of Directors at its meeting on 22 January 2009 decided to allocate 30 bonus shares to all Group employees. This decision reflects Ipsen’s confidence in the future despite the current troubled economic environment. These bonus shares are granted to all Group employees subject to at least three months service in the Group on the grant date. These shares will become transferable after a vesting period of four years. The employees were not required to take any specific steps in order to benefit from this initiative which is a reflection of Ipsen’s intention to reward employee loyalty. This programme, named Ipsen Global equity, concerns more than 4,000 employees in over 30 countries.