EXHIBIT 12.1

Statement re Computation of Ratios

		Nine months ended			Year ended
IFRS (in millions of euros)	September-30 2009		September-30 2008		Dec-31 2008		Dec-31 2007		Dec-31 2006		Dec-31 2005		Dec-31 2004
Fixed Charges(1)		79.6		67.1		93.0		121.7		31.8		45.8		30.0
Pre-tax income from continuing before income (loss) from equity investees		36.7		335.3		445.3		374.8		231.8		6.8		-4.8
Excluding variance on derivative										23.0		11.5		23.5
Fixed Charges		79.6		67.1		93.0		121.7		31.8		45.8		30.0
Amortization of capitalized interest
Distribued income to investees
Share pre-tax losses
Earnings		116.3		402.4		538.3		496.5		286.6		64.1		48.7
Ratio of Earnings to Fixed Charges		1.5		6.0		5.8		4.1		9.0		1.4		1.6

Note:

(1) “Fixed Charges” corresponds to the line item “Expenses related to financial debt” in our consolidated statement of operations.