Pursuant to Article L. 233-8 of the French Commercial Code and Article 223-16 of the General Regulations of the French Autorité des marchés financiers

Regulatory News:

PIERRE ET VACANCES (Paris:VAC):

Date

Number of shares

Number of theoretical voting rights

Number of actual voting rights

(exercisable at General Meetings) (**)

31 March

9,893,463 (*)

14,880,936

14,780,083

(*) The share capital of the Company is divided into 9,891,447 common shares, 1,349 Class B preference shares and 667 Class C preference shares. Class B and Class C preference shares do not carry any voting rights.

(**) Without treasury shares which do not carry any voting rights.

PIERRE ET VACANCES Société anonyme au capital de € 98 934 630 Siège social : L’Artois – 11 rue de Cambrai – 75947 Paris Cedex 19 316 580 869 R.C.S. Paris

PIERRE ET VACANCES

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