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News of  November 28, 2001

PEUGEOT S.A.-  Share buyback and cancellation

Paris - Acting on an authorization given at the Annual Stockholders' Meeting of May 16, 2001, Peugeot S.A. today canceled 23,450,000 shares that had been purchased between October 1999 and October 2001 at an average price of EUR 39.13. This corresponds to 8.30% of the Company's capital stock, which is now divided into 259,109,146 shares.

Successful completion of the share buyback program was made possible by the Group's improved performance. The program was accompanied by an increase in capital spending (EUR 2,932 million in 2000 and EUR 1,591 million in first half 2001) and accelerated business development, as reflected by the 19.3% rise in sales at September 30, 2001.

(November 23, 2001)

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