Stabilisation Notice

RNS Number:7159X
HSBC Bank plc
31 January 2006

31st January 2005

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

                                  Bouygues SA

                              Stabilisation Notice


HSBC France, Co-ordinating Stabilisation Manager (contact: Paul Santucci;
telephone: + 33 1 4070 7801) hereby gives notice that no stabilisation (within
the meaning of the rules of the Financial Services Authority) was undertaken by
the Stabilising Manager named below in relation to the offer of the following
securities.




Issuer:

Bouygues SA


Guarantor (if any):


Aggregate nominal amount:

Euro 250,000,000


Description:

The E750m 4.25% 22 July 2020 issue launched for BOUYGUES,

rated A- by S&P, has now been increased by a further E250m,

bringing the new total issue size to E1bn. The new tranche has

an issue price of 97.203. Joint bookrunners are ABN AMRO,

CALYON, HSBC and NATEXIS BANQUES POPULAIRES. No further group.

Fees undisclosed. Pay date February 20. Listing Lux. French law.

Denoms 50k. Stand alone issue. Fungible with original issue on

pay date. ISIN FR0010212852.


Stabilising Managers:

ABN, Calyon, HSBC France & Natexis BP



The notice refers to FSA rules rather than the Regulation as some stabilisation
may occur before application is made for admission to the regulated market.

2 The Co-ordinating Stabilising Manager is likely to prefer to restrict the
information on stabilisation to that given to it by the Stabilising Managers.


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