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Press Release

Netgem’s statement


Neuilly-sur-Seine, October 13th, 2010

Netgem confirms it is evaluating the acquisition of Pirelli Broadband Solutions, as part of non exclusive discussions with its shareholder Pirelli & C.

At this stage, terms and conditions of this potential transaction remain open.

Following rumors published on the wires, this statement is released in compliance with the Group's regulatory obligations.

About Netgem
Leader of IPTV solutions, Netgem enables operators around the world to deliver the Future of TV in the digital home. Based upon Netgem's hardware and software technologies, operators are able to develop innovative convergent services and a unique broadcast TV experience, enriched by the power of Internet and the connected home content. Installed in over 3 million homes around the world, Netgem's set-top-boxes and software are deployed by customers such as: SFR in France, Telstra in Australia, Monaco Telecom, Telekom Slovenia, Elisa in Finland, Spec-Com for Algeria Telecom, Melita Telecom in Malta, FetchTV in the UK, and Toshiba. Netgem is listed on Compartment C of Euronext Paris Eurolist.

Website : Twitter

ISIN : FR0004154060, Reuters : ETGM.PA, Bloomberg : NTG FP

Julie Dardelet, Communications, Tel: + 33 (0) 1 55 62 56 80,
Charles-Henri Dutray, Directeur Financier,  Tel: + 33 (0) 1 55 62 56 11,