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Capital and ownership structure

SHARE CAPITAL

6.2.3. FINANCIAL AUTHORIZATIONS

Shareholders have granted the Board of Directors the following authorizations.

Date Term Type of authorization of authorization Nominal amount authorized and expiry date Utilization in 2012

Reduction of capital by canceling Annual Meeting 10% of the share capital 18 months – treasury stock of May 10, 2012 November 10, 11th resolution 2014

Issuance of shares and share Annual Meeting 26 months –

equivalents: of May 30, 2011 July 30, 2013 16th to 20th resolutions

a With pre-emptive subscription €300 million rights

a By public offering €160 million without pre-emptive with priority subscription rights

subscription rights

a By public offering €100 million without pre-emptive without priority subscription rights

subscription rights

a By restricted offering €100 million without pre-emptive subscription rights

a In connection €160 million with priority with a stock-for-stock offer subscription rights €100 million without priority subscription rights

a To increase the amount of any 15% of the initial issue

issues that are oversubscribed (or according to legislation prevailing on the issue date)

a In payment for contributed 10% of the share capital assets

Issuance of new shares Annual Meeting €300 million 26 months – by capitalizing reserves, of May 30, 2011 July 30, 2013 retained earnings or additional 21st resolution paid-in capital

Blanket ceiling Annual Meeting on the authorizations to issue of May 30, 2011 shares and/or other securities 22nd resolution (par value)

a With or without pre-emptive €340 million subscription rights (16th to 21st resolutions)

a Without pre-emptive €135 million subscription rights (17th to 20th resolutions)

Employee share issue Annual Meeting 2% of the share capital 26 months – of May 30, 2011 at May 30, 2011 July 30, 2013 23rd resolution Stock option plans Annual Meeting 2.5% of the share capital 38 months – 527,515 stock options for employees of May 30, 2011 at May 30, 2011 July 30, 2014 and and executive directors 24th resolution 47,375 performance