SECTION 177

P. 57 of 267 A public limited companyor a private limited company shallnot hold shares or equity interestsin another company if the latter holds a fraction of its capital that is over ten percent (10%). Failing an agreement between companies concerned to regularize the situation, the company holdingthe lowestfraction the capital of the other shalltransferits shares or equity interests. Ifboth companies hold equal fractions of each other’s capital, each company mustreduce its interest in the other so that it does notexceed ten percent (10%) of the capital of the other. Until their actual transfer, shares or equity interests to be transferredwill be deprived of voting rights and right to receive dividends attached thereto.