RHA Eksportfinans 8.70 Pfd Accelerated Return Notes Linked TO The Russell 2000 Index

Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Rhodia S.A. HARTFORD, Conn., April 8 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of New Jersey on behalf of all persons who purchased the publicly traded securities of Rhodia S.A. (NYSE:RHA) ("Rhodia" or "the Company") between April 26, 2001 and March 23, 2004, inclusive (the "Class Period"). The Complaint alleges that Rhodia and certain of its officers and directors violated federal securities laws. Specifically, defendants overstated Rhodia's financial results by failing to record impairment on a timely basis in order to: (i) protect their executive positions and compensation; (ii) raise EUR 1 billion in Notes in a private placement on May 28, 2003, as well as EUR 290 million in a private placement of Notes with American investors in 2001; and (iii) enhance the value of their personal Rhodia holdings. During the Class Period, defendants knew, but concealed that: (i) Rhodia's ChiRex unit was impaired and had not been written down in a timely fashion; (ii) Rhodia failed to write down deferred tax assets to recoverable values in 2002 and failed to do so until the end of 2003; (iii) Rhodia failed to properly report its outstanding debt; and (iv) Rhodia failed to include disclosures necessary for investors to understand the trends in its business. On March 23, 2004, it was revealed that French securities regulators were conducting an inquiry into Rhodia's financial reporting. On this news, Rhodia fell to $1.50 per share. Subsequently, it was reported that France's stock market regulator had found that Rhodia had failed to disclose important information in a timely fashion beginning in 2001. If you are a member of the class, you may, no later than June 6, 2005, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). For more information about the case, its claims, and your rights, please contact Schatz & Nobel toll-free: (800) 797-5499, or by e-mail: . To view a copy of the Complaint initiating the class action, which was not filed by Schatz & Nobel, or for more information about this case, class action cases in general, or Schatz & Nobel, please visit our website: http://www.snlaw.net/. CONTACT: Wayne T. Boulton or Nancy A. Kulesa Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Wayne T. Boulton or Nancy A. Kulesa of Schatz & Nobel, P.C., +1-800-797-5499, Web site: http://www.snlaw.net/

Copyright