Successful completion of Pernod Ricard’s €1.2 billion 6-year bond issue

Final maturity: March 18th 2016

Settlement: March 18th 2010

Format: Fixed Rate Notes

Coupon: 4.875%

Reoffer price: 99.741%

Margin over reference swap mid rate: +220 basis points

ISIN Code: FR0010871376

PERNOD RICARD, whose long-term senior debt is rated Ba1 by Moody's, BB+ by Standard & Poor's and BB+ by Fitch, today set the terms of its new bond issue denominated in Euro.

The transaction was well received by the market and generated orders in excess of €5.5 billion, enabling the Group to benefit from improved funding conditions currently available in the capital markets while further diversifying its funding sources through a rebalancing of its mix of bank loans and bond debt.

The net proceeds of the issue will be used to redeem short-term tranches of the Group's syndicated loan, thus extending the maturity profile of its external debt.

Placement was made across a range of qualified investors principally in the UK, Germany, Switzerland and France.

Application has been made to the Luxembourg Stock Exchange for the Bonds to be listed on the official list of the Luxembourg Stock Exchange

Pernod Ricard has appointed Barclays Capital, HSBC, Mitsubishi UFJ Securities International and Natixis as joint bookrunners managers of this issue.

In the context of this bond issuance, Pernod Ricard has updated the "Origin of Stolichnaya" litigation description. This update is available on the Pernod Ricard internet site at http://www.pernod-ricard.com/fr/pages/2756/pernod/Finance/Information-reglementee/Communiques.html