GEFINOR SA

Gefinor S.A., parent company of the Gefinor group, is a holding company incorporated in Luxembourg and is subject to the laws and jurisdiction of Luxembourg, which is a member of the European Union. The status of holding company confers complete liberty on its international investment activity and ensures freedom to select countries and sectors, shift investments and adapt to the needs of investments throughout the world. Generally speaking, the determination of the company's strategies and the implementation of these strategies are carried out without government interference. Gefinor SA has been awarded the fiscal status of 'holding milliardaire', which submits it to a fixed taxation. Shareholders who are not resident in Luxembourg are not liable for Luxembourg taxation on dividends received. The tax status avoids any double taxation on the revenue of Gefinor SA and enables it to structure its tax planning accordingly for maximum capital protection. Gefinor's shares are listed on the Luxembourg Stock Exchange.

The Luxembourg law governing holding companies has been repealed in conformity with European Union requirements, with the result that the company will lose its holding company status as of January 1, 2011.

The Annual General Meeting of Shareholders is held on the 4th Thursday of June of each year. Meetings of the Board of Directors are held at regular intervals.

The Company's Corporate Governance Charter is based on the Ten Principles of Corporate Governance published in 2006 by the Luxembourg Stock Exchange, although it differs in certain respects in order to take account of the specificities of the Company.

The Company and its shareholders are subject to the Luxembourg Law on Market Abuse of May 9, 2006.