French Bike Scheme Reaches 100,000 Rentals Milestone

Three months after launching, over 100,000 journeys have been made system

Following the launch of the OYBike scheme in Nice, France in July, OYBike is delighted to announce the smashing of the 100,000 rental milestone.

The Nice scheme is currently 900 bikes (building to 1,750 bikes) across 175 stations, under a 15-year contract. OYBike provides the technology for the scheme on behalf of its partner, Veolia Transport, one of the world’s largest transport providers, who operate the system.

Remarking on the news, OYBike Managing Director Bernie Hanning said, "It’s been a busy summer, launching in Nice, Vannes and most recently Cardiff. Encouraging users to try a new scheme is always a challenge and we are delighted that over 100,000 journeys have been made by people inspired to try the system within the first three months. We hope that trend continues".

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Notes for Editors

www.oybike.com www.veolia-transport.com

OYBike partnered with Veolia Transport in 2008. Veolia Transport is part of the Veolia Environnement group, currently operates services on behalf of 5,000 local, regional and national authorities in 28 countries around the globe. In 2008, it posted a revenue of €6.05 billion and carried over 2.7 billion passengers.

OYBike operates street-based rental station networks that allow customers to hire bikes as required via mobile phone. Customers can pick up a bike from one rental station and return to another as convenient.

Veolia Environnement is a world leader in environmental services, quoted in Paris and New York, and posted revenues of €32,6 billion in 2007. Veolia Transport employs almost 81,000 people and is headquartered in Paris.

OYBike currently runs bike rental networks in Cardiff, Hampshire, & Berkshire.

For further information, please contact Deborah Pester: Deborah.pester@btopenworld.com or 07764 688360