Post-closing events

In February 2011, Gemalto finalized the signature of three additional bilateral revolving credit facilities for a total amount of €90 million, maturing in February 2016 and with no financial covenant. Those facilities complement the existing bilateral revolving credit facilities arranged in December 2010 (see note 16). With a total of €300 million credit lines, all not requiring to comply with any financial ratio, Gemalto has reinforced its financial flexibility and extended the maturity of its financial resources.

To management’s knowledge, there is no significant event that occurred since December 31, 2010 which would materially impact the consolidated financial statements.