Proposed resolutions : May 21st 2008

(Overall limit on authorisations for issues of ordinary shares or share equivalents with or without pre-emptive subscription rights)

Having read the report of the Board of directors, the Extraordinary General Meeting:

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

- resolves to set the maximum par value of debt securities that may be issued under the authorisations granted under the thirteenth, fourteenth, fifteenth and sixteenth 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 in the nineteenth resolution that the maximum par value of capital increases that may result immediately and/or in the future from use of the authorisations providing for issues of shares or share equivalents with or without pre-emptive subscription rights, granted under the thirteenth, fourteenth, fifteenth and sixteenth resolutions may in no event exceed EUR 1 billion. Likewise, the maximum par value of debt securities that may be issued under the above authorisations may not exceed EUR 10 billion.

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