SECTION 367

Capital reduction may be achieved through reduction of the nominalvalue of equity interests, or reduction ofthe number of the equity interests. Where there is anauditor, the capital reduction plan shall be communicated to him thirty (30) days prior to holding the extraordinary general meeting. He shall share withthe meeting his assessment of the causes and terms of the reduction. In the event of written consent,the capital reduction planshall be forwarded tomembers in the same conditions as those set forth in article 340 above. The purchase of its own equity interests by the company is forbidden. However, the meeting which decidedthecapital reduction not motivated by losses may authorize the manager to purchase a certain number of equity interestsin order to cancel them. P. 111 of 267