GNSY Genesys S.A. ADS (MM)

Genesys Conferencing Ltd (NASDAQ: GNSY), announced today the decision of the Board of Directors to redeem the exchangeable shares of Genesys Conferencing Ltd. in accordance with their terms, effective at the close of business on February 6, 2007. 3054344 Nova Scotia Limited has informed Genesys Conferencing Ltd. that it intends to exercise its redemption call right and purchase all of the Genesys Conferencing Ltd. exchangeable shares (other than those held by Genesys S.A. or any of its affiliates) as of the redemption date. On the redemption date, holders will be entitled to receive 1.3 common shares of Genesys S.A. for each exchangeable share held, less any amounts which must be withheld under any applicable tax law, in payment of the total purchase price. Under the conditions of the exchangeable shares, on and after February 6, 2007, the holders of the Genesys Conferencing Ltd. exchangeable shares will cease to be holders of such shares. Upon surrender of certificates representing the exchangeable shares, on and after February 6, 2007 such holders shall be considered and deemed for all purposes to be the holders of the common shares of Genesys S.A. to which they are entitled. Genesys Conferencing Founded in 1986, Genesys Conferencing is a leading provider of converged collaboration and communication services to thousands of organisations worldwide, including more than 200 of the Fortune Global 500. The company�s flagship product, Genesys Meeting Center, provides an integrated multimedia conferencing solution that is easy to use and available on demand. With offices in more than 20 countries across North America, Europe and Asia Pacific, the company offers an unmatched global presence and strong local support. Genesys Conferencing is publicly traded on Euronext Eurolist C in France (FR0004270270) and on the NASDAQ in the U.S. (GNSY). Additional information is available at www.genesys.com. Genesys Conferencing Ltd (NASDAQ: GNSY), announced today the decision of the Board of Directors to redeem the exchangeable shares of Genesys Conferencing Ltd. in accordance with their terms, effective at the close of business on February 6, 2007. 3054344 Nova Scotia Limited has informed Genesys Conferencing Ltd. that it intends to exercise its redemption call right and purchase all of the Genesys Conferencing Ltd. exchangeable shares (other than those held by Genesys S.A. or any of its affiliates) as of the redemption date. On the redemption date, holders will be entitled to receive 1.3 common shares of Genesys S.A. for each exchangeable share held, less any amounts which must be withheld under any applicable tax law, in payment of the total purchase price. Under the conditions of the exchangeable shares, on and after February 6, 2007, the holders of the Genesys Conferencing Ltd. exchangeable shares will cease to be holders of such shares. Upon surrender of certificates representing the exchangeable shares, on and after February 6, 2007 such holders shall be considered and deemed for all purposes to be the holders of the common shares of Genesys S.A. to which they are entitled. Genesys Conferencing Founded in 1986, Genesys Conferencing is a leading provider of converged collaboration and communication services to thousands of organisations worldwide, including more than 200 of the Fortune Global 500. The company's flagship product, Genesys Meeting Center, provides an integrated multimedia conferencing solution that is easy to use and available on demand. With offices in more than 20 countries across North America, Europe and Asia Pacific, the company offers an unmatched global presence and strong local support. Genesys Conferencing is publicly traded on Euronext Eurolist C in France (FR0004270270) and on the NASDAQ in the U.S. (GNSY). Additional information is available at www.genesys.com.