AXALTO AND SIEMENS SIGN WORLDWIDE PATENT AGREEMENT

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AXALTO AND SIEMENS SIGN WORLDWIDE PATENT AGREEMENT
19 February 2004 - Schlumberger

CP8 Technologies, an Axalto company, and Siemens AG today announced that they have concluded a worldwide patent license agreement. Siemens has licensed CP8 Technologies' patent portfolio for use in mobile communication products including existing GSM handsets and the evolving GPRS handset market.

After extensive discussions, both companies are very pleased to have concluded license terms until the end of 2008. The agreement recognizes CP8 Technologies' contribution to the GSM/GPRS technology and allows Siemens to continue its growth in the GSM/GPRS handset markets.

Axalto, formerly known as Schlumberger Smart Cards & Terminals, is the world's leading provider of microprocessor cards (Gartner 2003, Frost & Sullivan 2003) - the key to digital networks - and a major supplier of point-of-sale terminals. Its 4300 employees serve customers in more than 100 countries, with worldwide sales reaching 3 billion smart cards to date. The company has more than 20 years' experience in smart card innovation and leads its industry in security technology and open systems.

Axalto continuously creates new generations of products for use in a variety of applications in the telecommunications, finance, retail, transport, entertainment, healthcare, personal identification, information technology and public sector markets. Smart card solutions provide convenience, security and privacy to public and private services operators, their customers and end users.

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About: Schlumberger
Schlumberger is the world's leading oilfield services company supplying technology, project management and information solutions that optimize performance for customers working in the oil and gas industry. The company employs more than 52,000 people of over 140 nationalities working in more than 80 countries, and comprises two business segments.

Schlumberger supplies a wide range of products and services from formation evaluation through directional drilling, well cementing and stimulation, well completions and productivity to consulting, software, information management and IT infrastructure services that support core industry operational processes. WesternGeco, jointly owned with Baker Hughes, is the world's largest seismic company and provides advanced acquisition and data processing services.

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