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Gemplus Announces Expected Results for Fiscal Year 2005

Luxembourg (ots/PRNewswire)

Gemplus International S.A.
(Euronext: LU0121706294 - GEM and NASDAQ: GEMP), the world's leading
provider of smart card solutions, announces today a revision of its
earnings expectations.
Revenue for the fourth quarter 2005 is now expected to be around
262 million euros. Therefore, for the fiscal year 2005, the Company
anticipates revenue of around 939 million euros, versus revenue of
865 million euros in 2004. This compares with the guidance of about
950 million euros provided in early December 2005. This revision can
be attributed mainly to a quality issue with a specific chip.
Operating margin for the fiscal year 2005 is now expected to be
around 7% versus 3% in 2004. This compares with the guidance
previously provided of approximately 8%. This revision is also due
mainly to this quality issue.
This one-time event does not change the Company's mid-term target
of 10% operating margin in 2007. The Company expects in 2006
continuous improvement of its performance in line with the midterm
objective. Corrective measures related to the quality issue have been
immediately taken together with the concerned supplier and our
customers.
Gemplus plans to announce its fourth quarter and fiscal year 2005
results on February 9, 2006 before the markets open.
Forward-Looking Information
The estimated results in this announcement constitute
"forward-looking" information within the meaning of the United States
securities laws. Actual results for the Company's fourth quarter of
2005 could materially differ from those estimated or forecast
depending on a number of factors, such as whether all orders included
in estimated revenues meet the company's revenue recognition
requirements, the adequacy of estimated expense accruals and
reserves, and quarter end adjustments arising from the customary
review by management and the company's independent auditors.
The matters discussed in this press release also involve risks and
uncertainties described from time to time in Gemplus's filings with
the United States Securities and Exchange Commission (SEC). In
particular, see "Risk Factors", "Special Note Regarding
Forward-Looking Statements" and "Quantitative and Qualitative
Disclosures About Market Risks" in the most recent Annual Report on
Form 20-F for the year ended December 31, 2004 and the most recent
Reports on Form 6-K relating to quarterly periods, which are on file
with the SEC. These documents contain and identify important factors
that could cause the actual results to differ materially from those
contained herein.
About Gemplus
Gemplus International S.A. (Euronext: LU0121706294 - GEM and
NASDAQ: GEMP) is the world's leading player in the smart card
industry in both revenue and total shipments (source:
Gartner-Dataquest 2005, Frost & Sullivan, Datamonitor). It has sold
over 5.5 billion smart cards.
Gemplus delivers a wide range of portable, personalized solutions
in areas including Identity, Mobile Telecommunications, Public
Telephony, Banking, Retail, Transport, Healthcare, WLAN, Pay-TV,
e-government, and access control.
Gemplus' revenue in 2004 was 865 million Euros.
www.gemplus.com
For more information:
    Press
    Gemplus
    Remi Calvet
    Mob. : +33-(0)-6-22-72-81 58
    Email : remi.calvet@gemplus.com
    Edelman
    Frederic Boullard
    Tel. : +33-(0)-1-56-69-73-95
    Email : frederic.boullard@edelman.com
    Investor Relations
    Gemplus
    Celine Berthier
    Tel. : +41-(0)-22-544-5054
    Email : celine.berthier@gemplus.com
    Fineo
    Tel :  +33-(0)-1-56-33-32-31
    Email : investors@gemplus.com
(c)2006 Gemplus. All rights reserved. Gemplus, the Gemplus logo,
are trademarks and service marks of Gemplus S.A. and are registered
in certain countries. All other trademarks and service marks, whether
registered or not in specific countries, are the property of their
respective owners.
Some of the statements contained in this release constitute
forward-looking statements. These statements relate to future events
or our future financial performance and involve known and unknown
risks, uncertainties, and other factors that may cause our or our
industry's actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activities, performance, or achievements expressed or
implied by such forward-looking statements. Actual events or results
may differ materially. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot
guarantee future results, levels of activity, performance or
achievements. Factors that could cause actual results to differ
materially from those estimated by the forward-looking statements
contained in this release include, but are not limited to: trends in
wireless communication and mobile commerce markets; our ability to
develop new technology, and the effects of competing technologies
developed and expected intense competition generally in our main
markets; profitability of our expansion strategy; challenges to or
loss of our intellectual property rights; our ability to establish
and maintain strategic relationships in our major businesses; our
ability to develop and take advantage of new software and services;
and the effect of future acquisitions and investments on our share
price. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of such
forward-looking statements. The forward-looking statements contained
in this release speak only as of this release. We are under no duty
to update any of the forward-looking statements after this date to
conform such statements to actual results or to reflect the
occurrence of anticipated results.

Contact:

For more information: Press: Gemplus, Remi Calvet, Mob. :
+33-(0)-6-22-72-81 58, Email : remi.calvet@gemplus.com. Edelman:
Frederic Boullard, Tel. : +33-(0)-1-56-69-73-95, Email :
frederic.boullard@edelman.com. Investor Relations: Gemplus, Celine
Berthier, Tel. : +41-(0)-22-544-5054, Email :
celine.berthier@gemplus.com. Fineo: Tel : +33-(0)-1-56-33-32-31,
Email : investors@gemplus.com

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