(Special report of the Auditors about the agreements and commitments stipulated in Articles L. 225-38 and following of the Commercial Code notably for those concluded between a company and its company officers but also between group companies with common company managers)
Within the framework of the normal operations of a company and, more specifically when the latter is an essential part of a group of companies, agreements can be made directly or indirectly between it and another company with which its has common managers or between the company and its managers and with a shareholder holding more than 10% of the share capital. These agreements are subject to a prior authorisation by the Board of Directors and must be approved by the shareholders’ Meeting after hearing the special report of the Auditors pursuant to Articles L. 225-38 and following of the Commercial Code. This is the purpose of the fourth resolution.
Concerning BNP Paribas, no such agreement was concluded during 2009.