EULER HERMES
Société anonyme à Directoire et Conseil de Surveillance
with a share capital of 14 451 032,64 euros
Registered office : 1 place des Saisons, 92048 Paris-La-Défense cedex, France
RCS Nanterre B 552 040 594
Disclosure of total number of voting rights and number of shares in the capital as at July 31, 2012
Pursuant to articles L. 233-8 II of the French commercial code and 223-16 of the Autorité des Marchés Financiers' general regulations
| Total number of shares | Theoretical number of voting rights (1) | Number of real voting rights (2) |
| 45 212 727 | 45 212 727 | 43 861 683 |
(1) including own shares
(2) excluding own shares
