Common stock

At 31 December 2010, the Group’s issued common stock amounted to EUR 69.9 million, comprising 69,914,077 fully paid-up shares of EUR 1.00 per value each.

After the issuing of 193,615 new shares which resulted from the exercise of stock subscription options, the common stock of the Company remained almost stable at 31 December 2010 compared to the end of 2009.

Common stock evolution

Transactions	Number of shares issued	Common Stock	Additionalpaid-in capital (in EUR million)	Total
At 31 December 2009	69,720,462	69.7	1,409.8	1,479.5
Exercise of stock options	193,615	0.2	4.2	4.4
At 31 December 2010	69,914,077	69.9	1,414.0	1,483.9

A total of 193,615 stock options were exercised during the period, representing 1.88% of the total number of stock options at 31 December 2009.

Potential common stock

Potential dilution
Based on 69,914,077 shares in issue, the common stock of the Group could be increased by 14.9 million new shares, representing 17.6% of the common stock after dilution. This dilution can only occur with the exercise of all stock subscription options granted to employees or through the conversion of the convertible bond issued in 2009.

The exercise of all the options would have the effect of increasing total shareholders’ equity by EUR 391.9 million and common stock by EUR 9.4 million.

However, 51% of the total number of stock options granted to employees has a strike price that exceeds the stock market price as at 31 December 2010 (EUR 39.84).

Stock options evolution
During the period, 374,500 new stock subscription options were granted to employees at an average share price of EUR 48.8.

A total of 1,013,861 stock subscription options were cancelled (i.e. forfeited or expired) in 2010 and 193,615 were exercised.

At the end of 2010, the weighted average strike price of stock options granted to employees was EUR 41.35 down -4.4% compared to EUR 43.26 at the end of December 2009.

Unused authorizations to issue shares and share equivalents
The authorization to issue new shares is of a maximum of 21,409,137, i.e. 30.62% of the current common stock. The following authorisation to cancel shares corresponded to 10% of the issued common stock at 27th May 2010 Shareholders Meeting.

Bonds convertible into and or exchangeable for new or existing shares (OCEANE)
On 21 October 2009, Atos Origin issued 5,414,771 bonds convertible into and or exchangeable for new or existing Atos Origin shares (OCEANE) with a six-year and two-month term, for a total amount of EUR 249,999,977.07. These bonds have a nominal share value of EUR 46.17. The bonds will be redeemed on 1st January 2016. The annual interest rate is 2.5% payable on January 1st of each year as from 1st January 2010. The conversion period for the bonds stretches from 29 October 2009 to 8 January 2013.

As of 31 December 2010, no bonds have been converted into shares.