Sub-paragraph 6: Merger.

No later than one month before the date of the first General Meeting called to vote on the transaction, a notice of the proposed merger is published in the Bulletin des annonces légales obligatoires and filed with the clerk of the Commercial Court at the registered office of the companies concerned.

The draft terms of merger and the auditors’ report on the terms and conditions of the transaction are attached to the notice of meeting sent to shareholders at least fifteen days before the date of the General Meeting called to vote on the transaction.

A shareholder who is not entitled to a whole number of shares on the basis of the exchange ratio may obtain a fractional share refund or pay in cash the additional amount required to allocate a share. These reimbursements or payments are neither reduced nor increased by redemption or subscription fees and commissions.