2006 Traffic and Revenue

RNS Number:6644P
Eurotunnel PLC/Eurotunnel S.A.
17 January 2007

17 January 2007

Immediate release

Eurotunnel Traffic and Revenue in 2006

* Revenue increased by 5% to #568 million
* Shuttle services revenue, Eurotunnel's core business, increased by 7%
* Almost 1.3 million trucks and more than 2 million passenger vehicles
transported on Eurotunnel Shuttles

In 2006 Eurotunnel has had an excellent year, recording revenues of #568
million, an increase of 5%, compared to the previous year at constant exchange
rates. This growth is principally due to the results from Eurotunnel's Passenger
and Truck Shuttle activities, the core business, which, for the second year in a
row, has increased significantly: +7%, to #318 million.

The increase in Eurotunnel revenues comes at a time when the company no longer
seeks to increase its volumes as a priority: the number of cars and trucks
transported is now stable (-1%), by comparison to the preceding year.

Jacques Gounon, Eurotunnel Chairman and Chief Executive said:

"Eurotunnel has seen a significant growth in revenue from the now mature
cross-Channel market, for the second year in a row. These excellent results are
ahead of the business plan which has served as the foundation for the company's
financial restructuring and are an encouraging indicator for the success of the
safeguard plan".

Eurotunnel revenue

# million 2006 2005 % 2005
Un-audited Restated* Change Reported
Shuttle services 318 296 7% 295
Railways 240 235 2% 235
Transport activities 558 531 5% 530
Non-transport activities 10 11 -12% 11
Revenue 568 542 5%** 541

*The figures for the year 2005 have been recalculated at an exchange rate of #1
= Euro1.462 to allow a direct comparison with 2006.

**Excluding the effect of payments under the Minimum Usage Charge (MUC), the pro
forma increase in total revenues would have been 6%.

Total revenue for Eurotunnel, which includes both transport and non-transport
activities, has reached #568 million in 2006. At constant exchange rates, this
equates to an increase of 5% when compared to the previous year. (Eurotunnel
revenue was in decline between 2002 and 2004). It rose by 1% between 2004 and
2005.

The Shuttle services which link Folkestone (UK) to Coquelles (France), carrying
trucks or passenger vehicles are the main driver for this growth: their revenues
have grown by 7% (to #318 million).

- The Passenger Shuttle service has played a substantial role in this
performance in 2006: the company's new pricing approach has shown itself to be
perfectly adapted to the market. It allows us to attract and develop customer
loyalty in the most profitable segments.

- The transport of trucks remains Eurotunnel's spearhead and continues
to generate the majority of Shuttle services revenue. Revenues are growing in
phase with activities and have benefited appreciably from the end of the use of
intermediaries in the sale of this service.

Revenues from the Railways are slightly higher (+2%) at #240 million. They
include payments due under the Minimum Usage Charge (MUC), #65 million for 11
months of 2006. The ending of this arrangement on 30 November 2006, has deprived
Eurotunnel #6 million of revenue compared with 2005. Pro forma, over 12 months,
Eurotunnel's total revenue would have increased by 6%.

Non-transport revenue remains marginal.

Channel Tunnel Traffic

The quality of services offered by Eurotunnel, the speed, ease and reliability
of its transport system, has led several million customers to choose
Eurotunnel's Shuttle Services to cross the Channel in 2006.

Eurotunnel Shuttles

1,296,269 trucks, representing more than 17 million tonnes of goods, were
carried on Eurotunnel Truck Shuttles in 2006 - volumes less than 1% below those
for 2005 which was Eurotunnel's record year, largely due to the exceptional
transfer of traffic from the port of Calais during the first half of 2005.
Viewed against 2004, which offers a comparable reference point, truck traffic
has increased by more than 15,000 units.

In a market which has been in long term decline, the Passenger Shuttle service
attracted 2,021,543 cars (-1%) and 67,201 coaches (-13%) equal, to more than 7.5
million people.

Traffic volumes

2006 2005 % Change
Truck Shuttles 1,296,269 trucks 1,308,786 trucks -1%
Passenger Shuttles 2,021,543 cars* 2,047,166 cars* -1%
67,201 coaches 77,267 coaches -13%

*Including motorcycles, vehicles with trailers, caravans and camper vans.

Railway traffic

7,858,337 passengers travelled through the Channel Tunnel on Eurostar* in 2006,
constituting an increase of 5% by comparison to 2005. The growth in traffic,
slowed by the terrorist attacks in London in July 2005, has taken off again in
2006. Eurotunnel, due to the mode of calculation of tolls, does not benefit from
this increase in traffic. However, as a result of its decision to grant Eurostar
priority over its own Shuttles for passage through the Tunnel, Eurotunnel has
contributed to the improvement in Eurostar punctuality, thus helping its
principal customer to achieve its commercial strategy.

The railway companies' freight trains carried 1,569,429 tonnes of goods in 2006,
1% less than in 2005. This traffic remains well below the original forecasts and
the capacity of the Channel Tunnel. Eurotunnel is examining, with the railway
freight operators SNCF and EWS, the conditions which would enable this
continuing decline to be reversed.

Railway volumes

2006 2005 % Change
Eurostar 7,858,337 7,454,497 +5%
passengers* passengers*

Freight trains 1,569,429 tonnes 1,587,790 tonnes -1%
(EWS/SNCF)

*The number of Eurostar passengers figuring in this table is that of passengers
passing through the Tunnel and therefore excludes those who use Eurostar for
travel between Paris-Calais and Brussels-Lille.

004/2006

For media enquiries contact The Press Office on + 44 (0) 1303 284491.
Email: press@eurotunnel.com

For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749.
Email: michael.schuller@eurotunnel.com

www.eurotunnel.com

Eurotunnel manages the infrastructure of the Channel Tunnel and operates
accompanied truck shuttle and passenger shuttle (car and coach) services between
Folkestone, UK and Calais, France. Eurotunnel also earns toll revenue from
train operators (Eurostar for rail passengers, and EWS and SNCF for rail
freight) which use the Tunnel. Eurotunnel is quoted in London, Paris and
Brussels.

This information is provided by RNS
The company news service from the London Stock Exchange
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