Article 402 — Majority and Quorum in Extraordinary General

1/ Not less than a two-thirds majority of capital represented by voting shares represented at the meeting is required for a resolution to be adopted in an extraordinary general meeting; Abstentions and blank ballots shall be disregarded in reckoning the majority vote. 2/ Resolution of an extraordinary meeting to change the nationality of the company shall only be adopted by the unanimous vote of the holders of all shares carrying voting rights. 3/ An extraordinary general meeting may not pass a resolution compelling a shareholder to increase his investment in the company. Hence, except in the case of increase of the capital from reserve funds or profits which may be distributed, the consent of all shareholders shall be required to increase the capital of the company by increasing the par value of the existing shares. 4/ Without prejudice to the provisions under Sub-Article (2) and (3) of this Article the quorum of the meeting is met: a) at first meeting, where shares carrying voting right representing not less than one third of the capital of the company are present or represented; b) at a second meeting, where shares carrying voting rights representing not less than one fourth of the capital are present or represented and c) at a third meeting, without regard to the amount of capital represented by shares carrying voting rights in so far as shareholders or their proxies are present.