SECTION 401

The contributions auditor shall draft, under his professional responsibility, a report describing each of the contributions and/or special benefits, stating its value, stating the valuation method he used and the reasons therefor/for such choice, certify that the value of contributions and/or special benefitscorresponds at least at the nominalvalue of shares to be issued. Where it is impossible to establish the value of special benefits, the contributionsauditor shall weigh intheir consistency and impact on the situation of shareholders.