Read the Registration Document - Guerbet

• Tenth draft resolution: stock split of the Company' sharesYour Board of Directors has noted that the liquidity of the Company's share is not sufficient and could besignificantly improved by a stock split.For that reason we propose to proceed with a stock split by dividing the par value of the Guerbet share byfour (4) through the creation of 12,200,184 new shares with a par value of one (1) euro that will be grantedto shareholders holding 3,050,046 existing shares with a par value of €4, by means of an exchange, on thebasis of four new shares for one share held.It will be proposed to the Extraordinary General Meeting to authorise the Board of Directors to proceed withthis stock split within a period of twelve months as from 1 July 2013.Furthermore, it will be proposed that the Board of Directors be delegated authority, that may be in turndelegated within the limits provided for by law, to make all adjustments rendered necessary by the stocksplit, notably with respect to stock options and stock purchase options existing on the date of the stock split,modify in consequence the Company's articles of association and undertake all actions and formalities andmake all representations resulting from this decision.Board of Directors149