Gemplus Announces Expected Results For Q4 2002

Luxembourg – January 31, 2003– Gemplus International SA (Paris Euronext: Euroclear 5768,
Nasdaq: GEMP) announced today that it expects total revenues for the fourth quarter ended
December 31, 2002 to be 195.5 million euros as compared to 205.6 million euros for the third quarter
ended September 30, 2002. Operating loss before restructuring charge for the fourth quarter is
expected to be approximately 16.6 million euros as compared to 6.5 million euros for the third
quarter.

The company's balance sheet remains solid with 417 million euros in cash at the end of the fourth
quarter as compared to 401 million euros at the end of the third quarter.
For the fiscal year ended December 31, 2002, the company therefore expects total revenues to be
787.4 million euros as compared to 1,023.0 million euros for the previous year. Operating loss before
restructuring charge for the fiscal year is expected to be approximately 94.7 million euros as
compared to 125.2 million euros for the previous year. The latter included 43.8 million euros of non-recurring
charges relating to severance costs in connection with changes in management and the loss
of a significant litigation matter.

The analysts consensus estimates as polled by JCF GROUP indicates operating loss for the fiscal year
ended December 31, 2002 of 83.9 million euros on revenues of 807.6 million euros. The underlying
analysts consensus estimates for the fourth quarter shows therefore an operating loss of 5.9 million
euros on revenues of 215.7 million euros.

The company’s expected revenues for the fourth quarter reflect the following elements:
- weak demand, particularly in Asia in telecoms and in financial services and security across
all regions,
- continuous price pressure, particularly in telecoms.
Gemplus plans to announce its fourth quarter and fiscal year 2002 results on February 12, 2003
before market opens.

Forward-Looking Information
The estimated results in this announcement constitute "forward-looking" information within the meaning of the
United States securities laws. Actual results for the Company's fourth quarter of 2002 could materially differ from those estimated or forecast depending on a number of factors, such as whether all orders included in estimated revenues meet the company's revenue recognition requirements, the adequacy of estimated expense accruals
and reserves, and quarter end adjustments arising from the customary review by management and the
company's independent auditors.
The matters discussed in this press release also involve risks and uncertainties described from time to time in
Gemplus's filings with the United States Securities and Exchange Commission (SEC). In particular, see "Risk
Factors”, “Special Note Regarding Forward-Looking Statements” and "Quantitative and Qualitative Disclosures
About Market Risks" in the most recent Annual Report on Form 20-F for the year ended December 31, 2001 and the most recent Reports on Form 6-K relating to quarterly periods, which are on file with the SEC. These
documents contain and identify important factors that could cause the actual results to differ materially from
those contained herein.

About Gemplus

GEMPLUS: the world's leading provider of smart card solutions

Gemplus helps its clients offer an exceptional range of portable, personalized solutions that bring security and convenience to people's lives. These include mobile Internet access, inter-operable banking facilities, e-commerce and a wealth of other applications.
Gemplus is the only completely dedicated, truly global player in the Smart Card industry, with the largest R&D team, unrivalled experience, and an outstanding track record of technological innovation.
In 2001, Gemplus was the worldwide smart card leader in both revenues and total smart card shipments (source: Gartner-Dataquest and Frost & Sullivan). Gemplus was also awarded Frost & Sullivan's 2002 Market Value Award for its exceptional performance.
Gemplus trades its shares on Euronext Paris S.A. First Market and on the NASDAQ Stock Market as GEMP in the form of ADSs. Its revenue in 2001 was 1 billion Euros.

Gemplus: Beyond Smart
www.gemplus.com

Contacts

Press

Gemplus
Marielle Bricman Tel : +33 (0) 4 42 36 55 96
Mob : +33 (0) 6 74 68 72 82
Email : marielle.bricman@gemplus.com

Euro Rscg Corporate
Estelle Griffe Tel: +33 (0) 1 41 34 41 28
Mob: +33 (0) 6 23 75 09 23
Email : estelle.griffe@eurorscg.fr
Carine Senft Tel : +33 (0) 1 41 34 42 23
Mob: +33 (0) 6 20 98 34 09
Email : carine.senft@eurorscg.fr

Investor Relations
Gemplus:
Yves Guillaumot Tel: +41 22 544 50 65
Email: yves.guillaumot@gemplus.com
Fineo
Anne Guimard Tel : +33 (0) 1 56 33 32 31
Email : guimard@fineo.com

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