to download the 2012 registration document. - Groupe M6

M6 GROUP PRESENTATIONThe rights and duties attached to a share shall be transferred to the holder of the account on which theshare is registered.Heirs, representatives or creditors of a shareholder may not, on any grounds whatsoever, call for theaffixing of seals on the assets and valuables of the Company, or call for a division or sale by auctionthereof, or interfere in any manner whatsoever in its administration; for the exercise of their rights, theyshall be bound by the statements of corporate assets and liabilities and resolutions of the GeneralMeeting.The shares are indivisible. Joint owners of an indivisible share shall be represented to the Company byone of them or by a sole proxy.The voting right belongs to the beneficial owners at both Ordinary and Extraordinary General Meetings.Whenever more than one share is required to exercise a particular right, specifically in the event of ashare exchange, consolidation or allocation, or as a result of an increase or reduction in share capital, orin the event of a merger or other transaction, shareholders who own only one share or who do not ownthe minimum number required have no rights against the Company; shareholders must make their ownarrangements to form a group or to purchase or sell the requisite number of shares or rights.PROCEDURE FOR THE IDENTIFICATION OF BEARER SHARES (ARTICLE 10 OF THE BYLAWS)The company may at any time request that the main custodian of its financial instruments provide theinformation referred to by law pertaining to the identity of the owners of shares that confer immediate orfuture voting rights at General Meetings.1.6.2. Regulatory EnvironmentDue to its corporate purpose and the operation by the Company of an authorisation to broadcast inanalogue or digital form, a specific legal and regulatory framework applies in addition to ordinaryprovisions.1.6.2.1. Ownership of the share capitalUnder the terms of Article 39 of Law n°86-1067 of 30 September 1986, as amended, an individual orentity, acting alone or in concert, shall not hold, directly or indirectly, more than 49% of the capital orvoting rights of a company licensed to operate a national television service by Free-to-Air terrestrialtransmission.This provision limits the scope of the 49% rule to those terrestrial channels with an average annualaudience (terrestrial, cable and satellite combined) in excess of 8% of the total television audience.Under the terms of Article 40 of Law n°86-1067 of 30 September 1986, as amended, no individual orentity of foreign nationality shall purchase an interest leading to foreign nationals holding, directly orindirectly, more than 20% of the capital of a company licensed to operate a national television service byterrestrial free-to-air transmission (subject to the international commitments of France, excluding notablyEuropean community or European economic area nationals).a) M61.6.2.2. Authorisations to use free-toto-air frequenciesM6 is a privately owned free-to-air terrestrial TV network which was initially licensed to broadcast for aduration of ten years from 1 March 1987 (expired on 28 February 1997) under the licencing regime setforth by Article 30 of the amended Law of 30 September 1986 on Freedom of Communication.42 - M6 GROUP - 2012 REGISTRATION DOCUMENT