FOR INFORMATIONAL PURPOSES ONLY:COMPARISON OF 2002 FINANCIAL STATEMENTS UNDER FRENCH GAAP AND U.S. GAAP

06/08/2003

FOR INFORMATIONAL PURPOSES ONLY: COMPARISON OF 2002 FINANCIAL STATEMENTS UNDER  FRENCH GAAP AND U.S. GAAP

PARIS, FRANCE, June 10, 2003  – Dassault Systemes (DS) (Nasdaq: DASTY; Euronext Paris: #13065, DSY PA), a worldwide leading software developer of product lifecycle management (PLM) solutions, is providing, for informational purposes only, a comparison of financial statements  prepared in accordance with French GAAP and U.S. GAAP for the year ended December 31, 2002 at the request of the French regulatory commission (COB) as previously indicated in the Company’s first quarter financial press release dated April 24, 2003.

The Company released its annual financial results, prepared in accordance with U.S. GAAP  in a press release issued on February 6, 2003.

In summary, 2002 revenue was  €774 million under both French and U.S. GAAP.  French GAAP 2002 EPS was  €0.91 per diluted share, or €0.18 lower than U.S. GAAP EPS of  €1.09, with the variance primarily accounted for by the different rules regarding goodwill amortization.

In Table 1 the Company has provided a summary of the differences between DS financial statements established in U.S. GAAP and French GAAP and explanations of differences.  In Tables 2 and 3, the Company has provided financial information for the year ended December 31, 2002 and at December 31, 2002 prepared in accordance with U.S. GAAP and French GAAP.

About About Dassault Systèmes

As world leader in PLM (Product Lifecycle Management) solutions, the Dassault Systèmes group brings value to more than 65,000 customers in 80 countries. A pioneer in the 3D software market since 1981, Dassault Systèmes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire life cycle of products from conception to retirement. Its offering includes integrated PLM solutions for product development (CATIA, ENOVIA, DELMIA, SMARTEAM), mainstream product design tools (SolidWorks), and 3D components (SPATIAL). Dassault Systèmes is listed on the Nasdaq (DASTY) and Euronext Paris (#13065, DSY.PA) stock exchanges.

 

For more information, visit www.3ds.com