The new agreement results in repayments on a €29m medium-term loan being rescheduled over a period ending in 2015. €0.3m was repaid by the end of June 2010 and the remaining €28.7m will be repaid according to the following schedule:

- H2 2010:                                       €2.1m

- 2011 period:                                  €4.8m

- 2012 period:                                 €7.2m

- 2013-2015 periods:                     €4.9m per year

The Group obtained confirmation of factoring facilities to a maximum of €15m (€10.1m of this facility was utilised at the 30th June 2010) and of short-term facilities up to a maximum of €2.5m.

New bank covenants came into force on 30^th June 2010 have been rationalised to 3 covenants as follows:

Net gearing ratio (consolidated net financial debt / consolidated shareholder's equity).

Leverage ratio (consolidated net financial debt / consolidated EBITDA).

Interest cover ratio (consolidated EBITDA / consolidated net financial debt).

These covenants, to be applied twice a year, were met in June 2010.

Patrick Bensabat, Chief Executive Officer at Business & Decision, comments "The reorganisation of loan repayments with our financial partners will provide Business & Decision with a strong financial structure from which to move forward until at least 2015. With an operating profit of €7.6 million (6.4% of total revenue), the results announced for the First Half of 2010 have confirmed our grounds for renegotiating our debt arrangements."

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