Sanofi-aventis Announces 2007 Earnings Ahead of Guidance Sharp Rise in Propose...(allianceswith Bristol-Myers Squibb on Pl...),Health

Operating income - current

We define "operating income - current" as operating income before restructuring, impairment of property, plant and equipment and intangibles, gains/losses on disposals, and litigation.

Adjusted net income

We define "adjusted net income" as accounting net income after minority interests adjusted to exclude (i) the material impacts of the application of purchase accounting to acquisitions and (ii) acquisition-related integration and restructuring costs. We believe that eliminating these impacts from net income gives investors a better understanding of the underlying economic performance of the combined Group.

The material impacts of the application of purchase accounting to acquisitions, primarily the acquisition of Aventis, are as follows:

-- charges arising from the remeasurement of inventories at fair value,

net of tax;

-- amortization/impairment expense generated by the remeasurement of

intangible assets, net of tax;

-- any impairment of goodwill.

We also exclude from adjusted net income any integration and restructuring costs (net of tax) that are specific to the acquisition of Aventis by sanofi- aventis.

Q4 2007

Q4 2007 adjusted FY 2007

consolidated consolidated FY 2007 adjusted

financial financial consolidated consolidated

statements statements financial financial

euro million (unaudited) (unaudited) statements statements

Net sales 6,911 6,911 28,052 28,052

Net income (after

minority interests)
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