GET 2009/40


20 November 2009


For release at 16:45



           SUCCESS OF THE EARLY REDEMPTION OF THE NRS I T3

Eurotunnel Group announces the success of the transaction relating to
the early redemption of the notes redeemable in shares (NRS I T3) in
Groupe Eurotunnel SA (GET SA), that ended on 17 November.

  * Decisive advance in the Eurotunnel Group's capital structure, 8
    months early
  * Expanded market capitalisation
  * Continuation of shareholder relution
  * Savings in financial costs

The transaction related to the 4,776,033 NRS I T3 issued by
Eurotunnel Group UK Plc (EGP) in 2007 that remained outstanding. The
results of this transaction, launched on 4 November, are as follows:

  * 57.4% of the outstanding NRS I T3 were redeemed in advance, i.e.
    2,740,095 NRS I T3 comprising:

       * 59.8% of the NRS I T3 denominated in sterling, i.e.
         1,194,778 NRS I T3; and
       * 55.7% of the NRS I T3 denominated in euros, i.e. 1,545,317
         NRS I T3;

  * 68.5 million new GET SA shares, carrying rights from 1 January
    2009, will be issued by GET SA as a result of this early
    redemption and admitted to trading on Euronext Paris on 25
    November 2009;
  * This transaction allowed the number of shares that would have
    been issued upon redemption in shares of the NRS I T3 whose
    maturity date was 28 July 2010 to be reduced by 2.8 million,
    resulting in a new relution of existing shareholders;
  * Savings in financial costs of �5 million[1] resulting from the
    decrease in the amount of interest to be paid on the NRS I T3
    which were redeemed in advance.

This latest transaction enables to reach a decisive step in the
simplification of the Eurotunnel Group's capital structure, it allows
the GET SA share greater visibility, and results in a higher market
capitalisation.

Jacques Gounon, Chairman and Chief Executive of Groupe Eurotunnel SA,
stated:
"The latest success of the early redemption of the financial
securities issued by Eurotunnel proves the repeated confidence that
our investors have in the company. Eurotunnel reaches a strong and
readable capital structure several months early".


For media enquiries contact on + 44 (0) 1303 284491
Email: press@eurotunnel.com

For investor enquiries contact Michael Schuller on +44 (0) 1303
288749
Email: Michael.schuller@eurotunnel.com

[1] Based on an exchange rate �/£ of 0.894

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