SECTION 626-4

A special report of the board of directors or general director, as the case may be, keep annually informed the ordinary general meeting on transactions referred to in articles 626-1 to 626-3 above. Such a report shall also state: 1) the number and value of shares which, during the year and due to functions and positions held in the company, have been allotted free of charge to each of the members of company management by the company and those related to it under the conditions set forth in article 626-2 above ; 2) the number and value of shares that have been allotted free of charge, during the year to each of its members of company management, due to functions and positions held therein, by the controlled companies. This report shall also state the number and value of shares which, during the year, have been allotted free of charge by the company and companies or groups related to it under the conditions set forth in article 626-2 above, to each of the ten (10) employees of the company who are not part of company management, with the highest freely allotted number of shares. This report shall also state the number and value of shares which, during the year, have been allotted by companies referred to in the preceding paragraph to all employees, beneficiaries as well as their number and distribution of shares allotted between the categories those beneficiaries.