SIS integration plan ahead of schedule
Group focused on margin improvement with TOP Program strongly delivering
First quarter 2011 revenue: EUR 1,228 million, down -0.2% reported
Book to bill: 101% and full backlog up +3% at EUR 7.5 billion
Net debt further reduced to EUR 115 million
Objectives for the Full Year 2011 confirmed

SIS integration plan
After the signature of the binding agreement with Siemens in February 2011, following the opinion
provided by the European Work Council and the approval by the Board of Directors of Atos Origin, the
relevant anti-trust authorities granted their approval on March 25th, 2011, for the expected transaction.
The transaction is planned to be completed following the expected approval from the Atos Origin
shareholders at the Extraordinary General Meeting on July 1st, 2011.
All the involved teams are working intensively on the preparation and the integration of SIS through 24
work streams, including the 12 projects of the TOP² Program dedicated to increasing the operational
efficiency of SIS and the new company. This program is now ready to be rolled out as soon as the
transaction is finalized.
Business development is progressing well: the top line deal rationale is confirmed by a pipe of
commercial opportunities which is building up. Comfort meetings, calls and visits are being conducted
with all major customers as well as with customers who request it.
Synergies are fully confirmed after four months of integration planning in areas including optimisation
of support functions, creating a single headquarters, procurement, Lean management, off-shoring, and revenue synergies.
The organisation design is well under way, with the selection of managers at levels 1, 2 and 3 in progress with a specific focus on talent management.
In terms of delivery synergies, the data centers optimisation plan is ready, tooling and methodology selection has been completed and the Global Factory model will be extended to SIS.

In summary, the SIS standalone results are in line with due diligence expectations, the synergies
identified are confirmed and the Group is well positioned for operational readiness of the new company
on July 1st, 2011. Globally, the SIS integration plan is ahead of schedule.
TOP Program
After two years of intensive transformation of the company, the TOP Program continues to contribute
to margin improvement.
Lean management continues to leverage the operational performance. At the end of March 2011,
11,000 staff in Managed Services were using Lean techniques daily, in line with the objective set of
16,000 by the end of the year.
While costs have stabilized in areas such as travel, company cars, maintenance and marketing, other
items such as costs for offices and buildings decreased by -16 per cent and telecom by -9 per cent
during the first quarter of 2011.

Revenue
The Group reported revenue of EUR 1,228 million for the first quarter of 2011, representing an organic decline of -1.3 per cent compared to the same period last year, at same scope and exchange rates.

In EUR Million Q1 2011 Q1 2010
%
Revenue 1,228 1,231 -0.2%
Revenue at constant scope and exchange rates 1,228 1,244 -1.3%

Commercial activity
Total order entries for the first quarter of 2011 were EUR 1,241 million, representing a Book to bill ratio
of 101 per cent. By Service Line, Book to bill was 153 per cent in Consulting, 98 per cent in Systems
Integration, 102 per cent in HTTS and 99 per cent in Managed Services and Medical BPO.
The main new contracts were signed in the UK with a large Public Agency and the Department for
International Development, in Germany with D+S, in the Netherlands with KPN and ING, in France with
EDF, Kingfisher and one Ministry, and in North America with FirstGroup. Atos Worldline signed new
contracts with Landesbank Berlin in Germany and BNP Paribas in France.
The main renewals were in the Netherlands with Shell and Equens, in France with Michelin and Total,
in Spain with Banco de Espana, and in the UK with one large food manufacturer. Atos Worldline
renewed contracts with Axa, with French Ministries and with Rabobank, and Asia with a large oil
company for HTTS activity.
On 31 March 2011, the full backlog was EUR 7.5 billion, up +3 per cent compared to 31 March 2010
and representing 1.5 years of revenue.
On 31 March 2011, the weighted full pipeline was EUR 2.7 billion. Excluding Medical BPO in which
significant contracts were signed during the last six months, full pipeline was up +5 per cent compared
to March 2010.
Net debt
Group net debt on 31 March 2011 stands at EUR 115 million. During the first quarter 2011, free cash
flow was EUR 24 million. Capital Expenditure was limited to EUR 40 million, almost stable compared to
last year, and additional actions allowed EUR 24 million improvement in working capital. Cash outflow
for restructuring and rationalization reached EUR 27 million, stable compared to last year.
The Group signed on 11 April 2011 a new five year multi-currency revolving credit facility with an
international syndicate of 12 banks for an amount of EUR 1.2 billion and that will mature in April 2016.
The Facility will be available for general corporate purposes and is replacing the existing EUR 1.2
billion facility that was due to expire in May 2012. With this Facility, the Group maintains its financial flexibility and extends the maturity of its financial resources.

Human Resources
The number of employees at the end of March 2011 was 47,894 compared to 48,278 at the end of
2010.
The number of direct staff is almost stable since December 2010 while the number of indirect staff
declined by -2 per cent during the first quarter as part of the Added Value Analysis (AVA) program implemented by the Group.
The Group hired 1,437 engineers during the first quarter of 2011 (956 during the first quarter of 2010).
Recruitment was mostly in India, and to prepare future growth in France, and in the UK. The level of hiring is obviously taking into account the expected transaction with SIS in countries where SIS has a large presence.
The attrition rate was 11 per cent in the first quarter 2011, compared to 10 per cent for the full year 2010.
In line with the Group plans, dismissals and restructuring was 502 staff in the first quarter of 2011.
In order to optimize its operating margin, the Group continues to manage tightly the level of external
subcontractors in line with the policy that subcontractors represent around 5 per cent of total staff.

First Half 2011 operating margin
The Group is focused on margin improvement as 2011 represents the third year of the three year
transformation plan. The Group plans operating margin rate to increase +50 basis points for the first
half of 2011 compared to 6 per cent in the first half of 2010.

2011 Objectives
The Group confirms its objectives for 2011 as communicated on February 16th 2011.