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Signifcant agreements that would come into force, be amended or expire in the event of a change of control at the Company

There are no signifcant agreements subject to a change in control at the Company.

Agreements between the Company and its directors and managers that provide for special indemnities

The following table itemises the only instances of special indemnifcation schemes outstanding between the Company and its directors and managers.

Position Guarantee or golden parachute clause

General Manager

Termination of contract by the Company (except for just cause):

(in replacement of legally prescribed severance, unless the latter is higher) Termination between 24/04/02 and 31/12/07: 24 months’ salary Termination between 2008 and 2011: 18 months’ salary Termination thereafter: 12 months’ salary

General Manager

Severance scheme:

a) Voluntary redundancy: accrual per annum: fxed annual salary + annual bonus/13,5, so that total compensation is equivalent to the total years worked.

b) Justifed or unjustifed dismissal: legally prescribed severance + severance set out in a) above

Division Manager

Termination of contract by the Company (except in case of just cause): An indemnity of one year of gross fxed salary plus legally prescribed severance.

Manager

Termination of contract for reason attributable to the Company (except in case of just cause): 18 months of fxed salary (including legally prescribed severance).

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Financial Statements, Management and Corporate Governance Report. 2010