SECTION 544

Double voting rights conferred to other shares by virtue of the amount of the stated capital they represent may be granted by the articles of association or by a subsequent general extraordinary meeting to all shares fully paid up and for which there is proof of nominative registration for at least two years exists, in the name of a shareholder. Furthermore, in the event of capital increase by incorporation of reserves, profits or issue premiums, emission or fusion, double voting rights may be granted, upon issuance, to nominative shares allotted to a shareholder for free, as soon as they are issued to a shareholder at the rate of old shares in respect of old shares for which he enjoys this right.