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Ubisoft extends Calyon equity swap contract

Ubisoft Entertainment and Calyon have mutually agreed to extend an equity swap contract originally signed in 2003 and extended in 2006.

Under the terms of the contract, Ubisoft must recognise any fluctuations in the value of 1,243,121 shares of Ubisoft stock with respect to a reference value of EUR 9.33.

The original equity swap contract expired on February 28, 2008. It has now been extended for a period of 24 months, to expire in February 2010 under the same terms as the initial agreement.

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