Gemalto N.V. annual information update for the twelve months up to May 23, 2006 Introduction This annual information update is required by and is being made pursuant to Section 5 of the Dutch 1995 Act on the Supervision of the Securities Trade (Wet toezicht effectenverkeer1995; the "Securities Act") in conjunction with Section 6a of the Dutch 1995 Decree on the Supervision of the Securities Trade (Besluit toezicht effectenverkeer 1995). The legal provisions referred to above constitute the Dutch implementation of Article 10 of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34EC (the "Prospectus Directive"). This annual information relates to information that has been published or made available to the public in the period starting on May 23, 2005 and ending on May 23, 2006 (the "Relevant Period") in one or more Member States of the European Economic Area or in third countries under Community and national laws and rules dealing with the regulation of securities, issuers of securities and securities markets. This annual information update is not published for any other purpose than compliance with the aforementioned legal provisions. Neither Gemalto N.V. (the "Company") nor any other person takes any responsibility for, or makes any representation, express or implied, as to the accuracy or completeness of the information contained or referred to below herein. The information referred to below is not necessarily up to date as at the date of this annual information update and the Company does not undertake any obligation to update any such information in the future. Furthermore, such information may have been prepared in accordance with the laws or regulations of a particular jurisdiction and may not comply with or meet the relevant standards of disclosure in any other jurisdiction. Neither this annual information update, nor the information referred to below constitutes, by virtue of this communication, an offer of any securities addressed to any person and should not be relied on by any person. 1. Press releases and announcements filed with the French Autorité des marchés financiers This paragraph refers to any press releases and announcements filed with the French Autorité des marchés financiers during the Relevant Period on or around the dates indicated. Date of Filing Place of Filing Description of the nature of the information May 24, 2005 AMF (Paris) Transactions in own Where information can be obtained Page 1 of 17
May 24, 2005 AMF (Paris) Axalto supplies e- visas for first European trial June 1, 2005 AMF (Paris) Transactions in own June 7, 2005 AMF (Paris) Transactions in own June 7, 2005 AMF (Paris) Transactions in own June 13, 2005 AMF (Paris) Transactions in own, overview for month May 2005 June 14, 2005 AMF (Paris) Transactions in own June 17, 2005 AMF (Paris) Rights issue to employees / Note d opération June 20, 2005 AMF (Paris) Financial notice: share capital increase reserved to employees June 21, 2005 AMF (Paris) Transactions in own June 27, 2005 AMF (Paris) Transactions in own July 5, 2005 AMF (Paris) Liquidity contract semi-annual status July 5, 2005 AMF (Paris) Transactions in own July 6, 2005 AMF (Paris) Axalto to join the SBF 120 index July 12, 2005 AMF (Paris) Transactions in own July 18, 2005 AMF (Paris) Transactions in own, overview for month June 2005 July 19, 2005 AMF (Paris) Transactions in own July 25, 2005 AMF (Paris) Transactions in own Page 2 of 17
July 26, 2005 AMF (Paris) Final terms and conditions of a share capital increase by Axalto Holding N.V. July 28, 2005 AMF (Paris) Second quarter 2005 revenue up 15% August 2, 2005 AMF (Paris) Transactions in own August 9, 2005 AMF (Paris) Transactions in own August 16, 2005 AMF (Paris) Transactions in own, overview for month July 2005 August 16, 2005 AMF (Paris) Transactions in own August 16, 2005 AMF (Paris) Final terms and conditions of a share capital increase by Axalto Holding N.V. of 87,767 August 23, 2005 AMF (Paris) Transactions in own August 30, 2005 AMF (Paris) Transactions in own September 6, 2005 AMF (Paris) Transactions in own September 8, 2005 AMF (Paris) First half year 2005 Earnings: Profit from Growth / Condensed consolidated financial information as of June 30, 2005 September 13, 2005 AMF (Paris) Transactions in own September 13, 2005 AMF (Paris) Summary and complete version of buy-back program (complete version available only in September 19, 2005 AMF (Paris) Transactions in own, overview for month August 2005 Page 3 of 17
September 26, 2005 AMF (Paris) Transactions in own September 30, 2005 AMF (Paris) The Russian Federation Selects Axalto For Pilot Program Of Its New Electronic Passport October 4, 2005 AMF (Paris) Transactions in own October 10, 2005 AMF (Paris) Transactions in own October 10, 2005 AMF (Paris) Axalto Introduces Protiva, a Two- Factor Authentication Product Suite October 12, 2005 AMF (Paris) Axalto Provides Contactless Payment Cards for KeyBank Debit Card Rollout in the United States October 17, 2005 AMF (Paris) Transactions in own, overview for month September 2005 (available only in October 17, 2005 AMF (Paris) Transactions in own October 24, 2005 AMF (Paris) Transactions in own October 27, 2005 AMF (Paris) Third quarter 2005 revenue: $227 million November 3, 2005 AMF (Paris) Transactions in own November 7, 2005 AMF (Paris) Transactions in own November 7, 2005 AMF (Paris) Axalto to Provide About Five Million Contactless Payment Cards for the U.S. Market this Year November 14, 2005 AMF (Paris) Transactions in own Page 4 of 17
November 15, 2005 AMF (Paris) Axalto and Zetes to Deliver More Than Two Million Electronic Identity Cards for Belgian Citizens by Year End November 21, 2005 AMF (Paris) Transactions in own, overview for month October 2005 November 21, 2005 AMF (Paris) Transactions in own November 29, 2005 AMF (Paris) Transactions in own December 5, 2005 AMF (Paris) Transactions in own December 7, 2005 AMF (Paris) Axalto and Gemplus to Combine to Create a Global Leader in Digital Security December 13, 2005 AMF (Paris) Transactions in own December 19, 2005 AMF (Paris) Transactions in own, overview for month November 2005 (available only in December 19, 2005 AMF (Paris) Declaration of share holding (available only in December 20, 2005 AMF (Paris) Transactions in own December 27, 2005 AMF (Paris) Transactions in own January 2, 2006 AMF (Paris) Transactions in own January 3, 2006 AMF (Paris) Convocation EGM of Shareholders of January 31, 2006 January 5, 2006 AMF (Paris) Axalto Wins World s First PBOC EMV Card Project January 9, 2006 AMF (Paris) Transactions in own Page 5 of 17
January 9, 2006 AMF (Paris) Liquidity contract semi-annual status January 16, 2006 AMF (Paris) Transactions in own, overview for month December 2005 (available only in January 16, 2006 AMF (Paris) Transactions in own January 16, 2006 AMF (Paris) Axalto Enables DoCoMo to Fully Benefit From 3G Mobile Market Expansion January 23, 2006 AMF (Paris) Transactions in own January 25, 2006 AMF (Paris) Full year 2005 revenue : $992 million, new revenue record for the company January 30, 2006 AMF (Paris) Transactions in own January 31, 2006 AMF (Paris) Axalto shareholders approve combination project with Gemplus February 7, 2006 AMF (Paris) Transactions in own February 8, 2006 AMF (Paris) Axalto Technology Triggers Massive Adoption of Turkcell Value-Added Services with 2.5 Million Subscribers in 12 Months February 13, 2006 AMF (Paris) Transactions in own February 13, 2006 AMF (Paris) Axalto Signs Contract to Supply 3G SIM Cards to Mobily in Saudi Arabia February 14, 2006 AMF (Paris) Summary of the principal terms of the combination of Axalto and Gemplus Page 6 of 17
February 15, 2006 AMF (Paris) Axalto Adds.NET Smart Card Support for Microsoft Windows February 17, 2006 AMF (Paris) Declaration of share holding (available only in February 20, 2006 AMF (Paris) Transactions in own February 27, 2006 AMF (Paris) Transactions in own, overview for month January 2006 February 27, 2006 AMF (Paris) Transactions in own March 6, 2006 AMF (Paris) Transactions in own March 9, 2006 AMF (Paris) Axalto Full Year 2005 Results March 9, 2006 AMF (Paris) US Antitrust Authorities Raise No Objection to Gemalto Transaction March 13, 2006 AMF (Paris) Transactions in own, overview for month February 2006 (available only in March 13, 2006 AMF (Paris) Transactions in own March 16, 2006 AMF (Paris) Axalto selected for the Portuguese electronic passport program March 21, 2006 AMF (Paris) Transactions in own March 27, 2006 AMF (Paris) Axalto Selected for the Czech Republic Electronic Passport Roll Out April 3, 2006 AMF (Paris) Transactions in own April 10, 2006 AMF (Paris) Transactions in own Page 7 of 17
April 13, 2006 AMF (Paris) Imprimerie Nationale Issues France's First Electronic Passports with Axalto Technology April 18, 2006 AMF (Paris) Transactions in own, overview for month March 2006 April 18, 2006 AMF (Paris) Transactions in own April 19, 2006 AMF (Paris) Transactions in own April 19, 2006 AMF (Paris) Transactions in own April 24, 2006 AMF (Paris) Transactions in own April 27, 2006 AMF (Paris) First quarter 2006 revenue May 1, 2006 AMF (Paris) Transactions in own May 2, 2006 AMF (Paris) Summary and complete version of buy-back program (complete version available only in May 3, 2006 AMF (Paris) Convocation AGM of Shareholders of May 19, 2006 May 8, 2006 AMF (Paris) Transactions in own May 9, 2006 AMF (Paris) Annual Report 2005 May 16, 2006 AMF (Paris) Transactions in own May 16, 2006 AMF (Paris) Axalto to Deliver Biometric Smart Cards for the National Identity Project of Qatar May 19, 2006 AMF (Paris) European Commission Approves Merger of Axalto Gemplus May 23, 2006 AMF (Paris) Transactions in own Page 8 of 17
2. Documents lodged with the AFM relating to transactions by Gemalto in Gemalto securities This paragraph lists any notifications to the Netherlands Authority for the Financial Markets (the "AFM") by Gemalto of transactions in its own securities pursuant to Section 46b (old) of the Securities Act during the Relevant Period on or around the dates indicated. The obligation for issuers to notify the AFM of transactions in their own securities lapsed on 1 October 2005 through the amendment of the Securities Act implementing Directive 2003/6/EC of the European Parliament and the Council of 28 January 2003 on insider dealing and market manipulation (market abuse). Therefore, no notifications have been made in relation to transactions by Gemalto in its own effected after 1 October 2005. This paragraph does not refer to any notifications of holdings of or transactions in Gemalto securities made by members of Gemalto's Board of Directors and other insiders under the 1996 Disclosure of Holdings Act or the Securities Act. Date of Filing Place of Filing Description of the nature of the information May 23, 2005 AFM (Amsterdam) Transactions in own May 24, 2005 AFM (Amsterdam) Transactions in own May 25, 2005 AFM (Amsterdam) Transactions in own May 26, 2005 AFM (Amsterdam) Transactions in own May 27, 2005 AFM (Amsterdam) Transactions in own May 30, 2005 AFM (Amsterdam) Transactions in own May 31, 2005 AFM (Amsterdam) Transactions in own June 1, 2005 AFM (Amsterdam) Transactions in own June 2, 2005 AFM (Amsterdam) Transactions in own Where information can be obtained Page 9 of 17
June 3, 2005 AFM (Amsterdam) Transactions in own June 6, 2005 AFM (Amsterdam) Transactions in own June 7, 2005 AFM (Amsterdam) Transactions in own June 8, 2005 AFM (Amsterdam) Transactions in own June 9, 2005 AFM (Amsterdam) Transactions in own June 10, 2005 AFM (Amsterdam) Transactions in own June 13, 2005 AFM (Amsterdam) Transactions in own June 14, 2005 AFM (Amsterdam) Transactions in own June 14, 2005 AFM (Amsterdam) Transactions in own, overview for month May June 15, 2005 AFM (Amsterdam) Transactions in own June 16, 2005 AFM (Amsterdam) Transactions in own June 17, 2005 AFM (Amsterdam) Transactions in own June 20, 2005 AFM (Amsterdam) Transactions in own June 21, 2005 AFM (Amsterdam) Transactions in own June 22, 2005 AFM (Amsterdam) Transactions in own June 23, 2005 AFM (Amsterdam) Transactions in own Page 10 of 17
June 24, 2005 AFM (Amsterdam) Transactions in own June 27, 2005 AFM (Amsterdam) Transactions in own June 28, 2005 AFM (Amsterdam) Transactions in own June 29, 2005 AFM (Amsterdam) Transactions in own June 30, 2005 AFM (Amsterdam) Transactions in own July 1, 2005 AFM (Amsterdam) Transactions in own July 4, 2005 AFM (Amsterdam) Transactions in own July 5, 2005 AFM (Amsterdam) Transactions in own July 6, 2005 AFM (Amsterdam) Transactions in own July 7, 2005 AFM (Amsterdam) Transactions in own July 8, 2005 AFM (Amsterdam) Transactions in own July 11, 2005 AFM (Amsterdam) Transactions in own July 12, 2005 AFM (Amsterdam) Transactions in own July 13, 2005 AFM (Amsterdam) Transactions in own July 14, 2005 AFM (Amsterdam) Transactions in own July 15, 2005 AFM (Amsterdam) Transactions in own Page 11 of 17
July 15, 2006 July 18, 2005 AFM (Amsterdam) AFM (Amsterdam) Transactions in own, overview for month June Transactions in own July 19, 2005 AFM (Amsterdam) Transactions in own July 20, 2005 AFM (Amsterdam) Transactions in own July 21, 2005 AFM (Amsterdam) Transactions in own July 22, 2005 AFM (Amsterdam) Transactions in own July 25, 2005 AFM (Amsterdam) Transactions in own July 26, 2005 AFM (Amsterdam) Transactions in own July 27, 2005 AFM (Amsterdam) Transactions in own / increase share capital July 28, 2005 AFM (Amsterdam) Transactions in own August 1, 2005 AFM (Amsterdam) Transactions in own August 2, 2005 AFM (Amsterdam) Transactions in own August 3, 2005 AFM (Amsterdam) Transactions in own August 4, 2005 AFM (Amsterdam) Transactions in own August 5, 2005 AFM (Amsterdam) Transactions in own August 8, 2005 AFM (Amsterdam) Transactions in own Page 12 of 17
August 8, 2005 August 9, 2005 AFM (Amsterdam) AFM (Amsterdam) Transactions in own, overview for month July Transactions in own August 10, 2005 AFM (Amsterdam) Transactions in own August 11, 2005 AFM (Amsterdam) Transactions in own August 12, 2005 AFM (Amsterdam) Transactions in own August 15, 2005 AFM (Amsterdam) Transactions in own August 16, 2005 AFM (Amsterdam) Transactions in own August 17, 2005 AFM (Amsterdam) Transactions in own August 18, 2005 AFM (Amsterdam) Transactions in own August 19, 2005 AFM (Amsterdam) Transactions in own / Increase share capital August 22, 2005 AFM (Amsterdam) Transactions in own August 24, 2005 AFM (Amsterdam) Transactions in own August 25, 2005 AFM (Amsterdam) Transactions in own August 26, 2005 AFM (Amsterdam) Transactions in own August 29, 2005 AFM (Amsterdam) Transactions in own August 30, 2005 AFM (Amsterdam) Transactions in own Page 13 of 17
August 31, 2005 AFM (Amsterdam) Transactions in own September 1, 2005 AFM (Amsterdam) Transactions in own September 5, 2005 AFM (Amsterdam) Transactions in own September 7, 2005 AFM (Amsterdam) Transactions in own September 8, 2005 AFM (Amsterdam) Transactions in own September 9, 2005 September 9, 2005 AFM (Amsterdam) AFM (Amsterdam) Transactions in own / notifications grants of employee options Transactions in own, overview month August September 12, 2005 AFM (Amsterdam) Transactions in own September 13, 2005 AFM (Amsterdam) Transactions in own September 14, 2005 AFM (Amsterdam) Transactions in own September 15, 2005 AFM (Amsterdam) Transactions in own September 16, 2005 AFM (Amsterdam) Transactions in own September 19, 2005 AFM (Amsterdam) Transactions in own September 20, 2005 AFM (Amsterdam) Transactions in own September 21, 2005 AFM (Amsterdam) Transactions in own September 22, 2005 AFM (Amsterdam) Transactions in own Page 14 of 17
September 23, 2005 AFM (Amsterdam) Transactions in own September 26, 2005 AFM (Amsterdam) Transactions in own September 27, 2005 AFM (Amsterdam) Transactions in own September 28, 2005 AFM (Amsterdam) Transactions in own September 29, 2005 AFM (Amsterdam) Transactions in own September 30, 2005 AFM (Amsterdam) Transactions in own October 28, 2005 AFM (Amsterdam) Transactions in own, overview for month September 3. Documents filed with the US Securities and Exchange Commission This paragraph refers to any information that has been filed with the Securities and Exchange Commission during the Relevant Period on or around the dates indicated. Date of Filing Place of Filing Description of the nature of the information December 7, 2005 SEC (Washington D.C.) Prospectuses and December 7, 2005 SEC (Washington D.C.) Prospectuses and December 7, 2005 SEC (Washington D.C.) Prospectuses and December 8, 2005 SEC (Washington D.C.) Prospectuses and Where information can be obtained Page 15 of 17
December 29, 2005 SEC (Washington D.C.) Prospectuses and January 10, 2006 SEC (Washington D.C.) Prospectuses and January 20, 2006 SEC (Washington D.C.) Prospectuses and January 26, 2006 SEC (Washington D.C.) Prospectuses and January 31, 2006 SEC (Washington D.C.) Prospectuses and February 14, 2006 SEC (Washington D.C.) Prospectuses and March 9, 2006 SEC (Washington D.C.) Prospectuses and March 9, 2006 SEC (Washington D.C.) Prospectuses and May 2, 2006 SEC (Washington D.C.) Prospectuses and May 22, 2006 SEC (Washington D.C.) Tender Offer / Rights Offering Notification Form (CB) May 23, 2006 SEC (Washington D.C.) Appointment of Agent for Service of Process and Undertaking (F-X) Page 16 of 17
4. Documents filed with the Chamber of Commerce and Industry for Amsterdam This paragraph refers to any information that has been deposited with the Chamber of Commerce and Industry for Amsterdam (the "Chamber of Commerce") during the Relevant Period on or around the dates indicated. Date of Filing Place of Filing Description of the nature of the information July 12, 2005 Amsterdam Registration / deregistration proxy holders July 29, 2005 Amsterdam Increase share capital August 22, 2005 Amsterdam Increase share capital September 9, 2005 Amsterdam Interim accounts 2005 / registration proxy holder May 23, 2006 Amsterdam Annual Accounts 2005 Where information can be obtained Chamber of Commerce Chamber of Commerce Chamber of Commerce Chamber of Commerce Chamber of Commerce Page 17 of 17