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Published on 3/1/2005 in the Prospect News Convertibles Daily.

Bull conversion incentive for Oceanes runs through March 31

New York, March 1 - Groupe Bull said that the special conversion period for its Oceanes will run from March 1 to March 31.

During this time, holders can convert their securities into 15 shares. After March 31, the conversion ratio will revert to one share per Oceane.

Bull, a Paris-based computer company, has 519,558 Oceanes outstanding.

The enhanced conversion terms follow a recapitalization with aid from the government of France.


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