SECTION 538

Any shareholder may be represented by an agent of his choice. Any shareholder may receive proxies issued by other shareholders to represent them at a meeting, without any restriction other than those resulting from legal provisions or provisions of the articles of association fixing the number of votes that the same individual may have both in his own name and as proxy. The proxy shall include: 1) the last and first names, and domicile as well as the number of shares and voting rights of the shareholder; 2) the nature of meeting for which the power of proxy is given; 3) the signature of the shareholder preceded by the words “Good for power” and the date of the proxy. The proxy is given for one meeting. However, it may be given for two (2) meetings, one ordinary and one extraordinary meeting held the same day or within a period of seven (7) days. The proxy given for one meeting remains valid for successive meetings called with the same agenda.