SECTION 1 -

Resolution Purpose of the resolution Maximum amount
2 nd Authorization to purchase the Company's
own shares on the market
3 rd Authorization to reduce the Company's
share capital through a cancellation of
shares
4 th Capital increase with maintenance of
preferential subscription rights through
the issue of shares or securities giving
immediate or future access to the share
capital of the Company or its subsidiaries
or granting rights to the distribution of
debt securities
5 th Capital increase by way of a public
offering with cancellation of preferential
subscription rights, through the issue of
shares or securities giving access to the
share capital of the Company or its
subsidiaries or granting rights to the
distribution debt securities, including for
use as payment for the shares
contributed as part of a public exchange
offer (OPE)
6 th Capital increase by way of a private
placement with a cancellation of
preferential subscription rights, through
the issue of shares or securities granting
rights to the distribution of debt
securities, including for use as payment
for the shares contributed as part of a
public exchange offer (OPE)
7 th Increase of offerings in the event of over‐
subscriptions
8 th Capital increase through the issue of
shares or securities giving access to share
capital to be used as payment for in‐kind
contributions to the Company, without
preferential subscription rights
9 th Capital increase through the
incorporation of reserves, profits,
premiums or any other amounts that
may be capitalized under applicable law
and the bylaws
10 th Capital increase reserved for employees
who contribute to the savings plan of the
Company or the Group, without
€22.5million under no
circumstances more than 10%
of the Company's share
capital after the Transaction is
completed
Maximum repurchase price:
average volume weighted
share price during the first 20
trading days following the
admission of the Company’s
shares for trading on Euronext
Paris, increased by 50%
10% of the Company's share
capital after the Transaction is
completed
€225 million for capital
increases
€2,250 million for debt
securities
€112.5 million for capital
increases, to be applied to the
overall limit of €225 million
€1,125 million for capital
increases, to be applied to the
overall limit €2,250 million
€90 million, and in any case
never more than 20% of the
Company’s share capital after
the completion of the
Transaction per year, to be
applied to the overall limit of
€112.5 million for capital
increases
€900 million for capital
increases, to be applied to the
overall limit on top of the limit
of €1,125 million
15% of each offering, up to
the overall limits that apply to
each offering.
10% of the Company's share
capital after the completion of
the Transaction, to be applied
to the overall limit of
€225 million for capital
increases
€225 million for capital
increases, to be applied to the
overall limit of €225 million
for capital increases
2% of the Company's share
capital after the Transaction is
completed, to be applied to
the overall limit of
141
Duration of the authorization
(as of May 10, 2010)
18 months
24 months
26 months
26 months
26 months
26 months
26 months
26 months
26 months