ADR Information

Index
Technicolor Euronext Paris (€)
Last quote
+/- %	(%)
Date/time	(Paris)
Symbol	TCH
Link	Share Information
Technicolor ADR (US$)
Last quote
+/- %	(%)
Date/time	(New York)
Symbol	TCLRY
Link	ADR Information

Index	Last quote	+/- %	Date/time	Symbol	Link
Vantiva (PAR)		(%)	(Paris)		Share Information
Vantiva ADR (US$)		(%)	(New York)	TCLRY	ADR Information

Technicolor SA

Depositary Bank: Citi

U.S. Trading Symbol: TCLRY
Sponsored Level I ADR trading on
OTCQX
Ratio (ORD:ADR): 1:27
ADR ISIN: US8785202040

CUSIP: 878520204
ORD ISIN: FR0013505062

Contact details for Technicolor American Depositary Receipt (ADR) Holders:

By telephone:

If calling from within the USA: 1 877 248 4237 (1 877 CITI ADR)
If calling from outside the USA: 1 781 575 4555
Lines are open from 8:30am to 6:00pm EST Monday to Friday (excluding public holidays).

By email:

citibank@shareholders-online.com

Website:

http://www.citi.com/dr

By post:

Citibank Shareholder Services
PO Box 43077
Providence
RI 02940-3077
U.S.A.

Technicolor has a sponsored level 1 ADR program with Citi. As depositary bank, Citi performs the following roles for ADR holders as further detailed in the Deposit Agreement:

Records and maintains the register of ADR holders,
Is the stock transfer agent,Issues and cancels American Depositary Shares (ADSs)

ADR FAQ

The following information does not contain all information that may be important to you.
For more complete information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms.

1. What is an American Depositary Receipt (ADR)?
2. What is an ADR ratio? How are ADRs related to Technicolor's ordinary shares?
3. What are the benefits of ADRs to US investors?
4. What types of companies issue ADRs?
5. Is it easy to get information and updates on Technicolor?
6. Where are Technicolor ADRs traded?
7. Who is Technicolor's depositary for ADRs?
8. What is the difference between a Registered holder and a Beneficial ADR holder?
9. How do I convert my ordinary shares into ADRs?
10. What is a sponsored Level 1 ADR program?
11. What is the U.S. Over-the-Counter (OTC) market?
12. Why have you chosen to list on the International OTCQX instead of the standard OTC market?
13. How do I buy/sell Technicolor ADRs?
14. Can I buy/sell Technicolor ADRs directly from Technicolor?
15. Does Technicolor have a Direct Purchase Plan?
16. Who is Technicolor's Transfer Agent and how do I contact them? How may I check how many registered ADRs I hold?

1. What is an American Depositary Receipt (ADR)?
ADRs are a negotiable US dollar denominated certificate representing ownership of shares in a non-US company. Technicolor's ADRs represent Technicolor's ordinary shares deposited with the depositary bank, to underlie such certificates and carry the rights attached to them as detailed in the Depositary Agreement. Holders of ADRs have the right to vote on shareholders resolutions, at the Company's discretion (as a matter of fact, it has not been made possible for the last past years), and to receive dividends in US dollars. The term ADR and ADS are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors, and to provide a corporate finance vehicle for non-U.S. companies.

2. What is an ADR ratio? How are ADRs related to Technicolor's ordinary shares?
The ADR ratio is the relation between the number of ADRs and the number of ordinary shares. Every Technicolor ADR represents one Technicolor ordinary share, i.e. the ratio is 1:27.

3. What are the benefits of ADRs to US investors?
U.S. investors may prefer to purchase ADRs rather than ordinary shares in the issuer's home market because ADRs trade, clear and settle according to U.S. market conventions. One of an ADRs' top advantages is the facilitated diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information.

4. What types of companies issue ADRs?
ADR issuers are typically large multinational corporations. Any non-U.S. company seeking to raise capital in the U.S. or increase their base of U.S. investor can benefit from ADRs. (Citi comment: ADRs are issued by Citi as depositary bank)

5. Is it easy to get information and updates on Technicolor?
Information is widely available on Technicolor's website www.technicolor.com. Investors can sign up to receive annual reports and press releases in English. Trading information is readily available on the OTC Markets website, http://www.otcqx.com and our depository bank's website www.citi.com/dr

6. Where are Technicolor ADRs traded?
Technicolor ADRs are approved for trading on OTCQX.. For further information please refer to http://www.otcmarkets.com, http://www.otcqx.com and www.citi.com/dr

7. Who is Technicolor's depositary for ADRs?
Citi act as Technicolor's depositary bank. The depositary bank plays a key role in issuance and cancellation of ADRs. It also maintains the ADR holder register and is the stock transfer agent.

8. What is the difference between a Registered holder and a Beneficial ADR holder?
A registered owner is one whose name appears on the books of the depositary. The registered owner is considered the owner of record. A beneficial holder is one whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.

9. How do I convert my ordinary shares into ADRs?
Converting ordinary shares into ADRs must be done through a broker investment advisor or through Citi. Brokers can contact Citi on +1 212-723-5435 in NY, or :+ 44 207-500-2030 in London.

10. What is a sponsored Level 1 ADR program?
In a Level 1 ADR program, the ADRs are not listed on a US stock exchange, but are traded in the US Over-the-Counter (OTC) market,.. Technicolor Level 1 ADR program is approved for trading on OTCQX International Premierplatform..

11. What is the U.S. Over-the-Counter (OTC) market?
The U.S. OTC trading in Level 1 ADRs is carried out by market makers using inter-dealer quotation services.

12. Why have you chosen to list on the International OTCQX instead of the standard OTC market?
The International OTCQX is a premium market tier that distinguishes leading international companies from other securities traded in the US OTC market by the quality of their operating businesses, the excellence of their disclosure and their listing on a qualifying foreign stock exchange. Also the reporting and disclosure requirements of the International OTCQX are in line with the Company's current standards of disclosure.

13. How do I buy/sell Technicolor ADRs?
You may buy/sell your ADRs through your broker.

14. Can I buy/sell Technicolor ADRs directly from Technicolor?
No. ADRs are no different than the ordinary shares, which may be bought/sold through your broker.

15. Does Technicolor have a Direct Purchase Plan?
Not at the present time. Technicolor shares must be bought and sold through a licensed stockbroker.

16. Who is Technicolor's Transfer Agent and how do I contact them? How may I check how many registered ADRs I hold?