SECTION 525

With regard tothe annual ordinary general meeting, any shareholder is entitled, in person or through an agent that he appointed to represent him at the general meeting, to inspect the following at the headquarters: 1) the inventory, summary financial statements and the list of directors if a board of directors was constituted; P. 149 of 267 2) the reports of the auditor and of the board of directors or the general director submitted to the meeting; 3) where applicable, the explanatory statement,the draft resolutions as well as information concerning candidates to the board of directors or to the office of general director; 4) the list of shareholders; 5) the overall amount, certified by auditors, of remuneration paid to the ten (10) or five (5) best paid managers and employees depending on whether or not the number of employees in the company exceeds 200. At the exception of inventory, the right of the shareholder to examine the above-mentioned records shall entail the right to make copies thereofat their own expense. The right to inspect these recordsmay be exercised for fifteen (15) days before/the general meeting. With regard to meetings other than the ordinary annual general meeting, the right to inspect the documents concerns the draft resolutions, the report of the board of directors or of the generaldirector as the case may be and, where applicable, the report of the auditor or the liquidator. Any decision of the general meeting taken in violation of this article shall be canceled.