Twentieth resolution

Twentieth resolution

(Overall limitation of authorisations)

The Extraordinary General Meeting, having reviewed the report of the Board of Directors:

- resolves to set the maximum par value of capital increases liable to be carried out immediately and/or in the future under the authorisations granted under the sixteenth, seventeenth and eighteenth resolutions above at EUR 1 billion, to which shall be added, where applicable, the par value of additional shares to be issued in order to protect the interests of the holders of shares or share equivalents in accordance with applicable laws and regulations;

- resolves to set the maximum par value of debt securities liable to be issued under the authorisations granted under the sixteenth and seventeenth resolutions above at EUR 10 billion, or the equivalent in a foreign currency or unit of account set with reference to several currencies.

Presentation of the resolution

Shareholders are informed that the maximum par value of capital increases liable to be carried out immediately and/or in the future under the authorisations granted under the sixteenth, seventeenth and nineteenth resolutions will be set at EUR 1 billion. Likewise, the maximum par value of debt securities liable to be issued under the above authorisations will be set at EUR 10 billion (twentieth resolution).