2. Who We Are Merial … an innovation-driven leader in the provision of products and solutions which enhance the health , well-being and performance of animals 1

4. Focused On Customers MERIAL Ruminants (Sheep, Cattle) Veterinary Public Health Animal Health Production Animals Companion Animals Merial Swine Avian Pets Equine 3

6. An Industry Leader Top 10 players – 72% of market Others – 28% 28% 72% Source: Wood Mackenzie *excluding nutritional feed additives and environmental health 2006 Pfizer Merial Intervet (Organon BioSciences) Bayer Fort Dodge (Wyeth) Schering Plough Novartis Elanco Virbac Boehringer 5

7. Merial Sales 2006: $2.2bn Diversified By Sector Companion Animal 67% Production Animal 33% Merial Source: Merial SH Operating Report 2006 7

8. Source: Merial SH Operating Report 2006 Merial Sales 2006: $2.2bn Diversified By Region United States 45% EMEA 33% International 12% Latin America 10% Merial 8

9. Product Lines and Top Brands Merial Other Animal Health 21% 40% 27% 3% 8% fipronil Anti-Microbials Biologicals avermectins Gallimune 9

10. Merial has nine international Research & Development centers which deliver and support efficient, innovative, safe and cost effective animal health products R&D Providing Innovative Solutions Pharmaceuticals Biologicals New Technologies 10

12. R&D And Animal Health Professionals Producers Merial Industry Partnerships An essential alliance Academia Authorities Veterinarians R&D 12

13. The Essential Links 16 Industrial Operations sites worldwide, supported by toll manufacturers Industrial Operations & Supply Chain An integrated approach R&D Industrial Operations Customers Supply Chain 13

15. Corporate Support Functions Working In Partnership Communications Legal/IP Finance Pharmaco-vigilance Information Services Human Resources Corporate Development Operational Excellence 15

16. Our Vision And Values Merial 16