ALTAMIR_REGISTRATION_DOCUMENT_2017

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INFORMATION ABOUT THE COMPANY AND ITS CAPITAL

Articles of Association

at zero hour, Paris time, of the second business day preceding the General Meeting, either in the registered share accounts held by the Company or in the bearer share accounts held by the authorised intermediary. meetings may also be attended by anyone invitedby theManagement Company or by theChairman of the Supervisory Board. The general partner is represented by its legal representative or by any other person it has authorised to represent it. That person need not be a shareholder. General Meetings are chaired by the Management Company or, in order of preference, the general partner or the Chairman of the Supervisory Board. The shareholders vote at Ordinary and Special General Meetings under the conditions stipulated by law and perform their duties in accordance with the law. Shareholders taking part in the General Meeting via video- conference or telecommunication methods enabling them to be identified and guaranteeing their participation are deemed present for the calculation of the quorum and the majority. With the exception of the appointment and dismissal of Supervisory Board members, the appointment and dismissal of StatutoryAuditors, the appointment and dismissal of non-voting Boardmembers, the distribution of dividends for the year and the approval of certain agreements requiring special authorisation, the decisions of the shareholders are not valid until approved in writingby thegeneral partner, no later than the endof themeeting at which the shareholders voted on the decisions in question. The Management Company has full powers to note this approval and attaches the document certifying such approval to the minutes of the meeting concerned.

Each ordinary share carries the right to one vote at General Meetings of shareholders. Fully paid-up shares registered in the name of the same shareholder for at least two years do not qualify for double voting rights. The above paragraph was added to the Articles of Association at the Combined General Meeting of 24 April 2014 in order to confirmthe right to one vote per share and the absence of double voting rights following the change in Article L. 225-123 of the French Commercial Codemade by the law2014-384 of 29March 2014 aimed at keeping industrial sites operating in France (known as the “Loi Florange”). Voting rights are exercisable by the beneficial owner at Ordinary General Meetings and by the registered owner at Special General Meetings. Class B shares carry novoting rights, except at special meetings of holders of Class B shares called in accordancewithArticle L. 225- 99 of the French Commercial Code.

GENERAL MEETINGS (ARTICLE 23 OF THE ARTICLES OF ASSOCIATION)

General Meetings are called under the conditions stipulated by law.meetings areheldat the registeredofficeor anyother location specified in the invitation to themeeting. The right to participate in the General Meeting shall be subject to the formal registration of the shares in the name of the shareholder or of the intermediary registered on their behalf (in accordance with the seventh paragraph of Article L. 228-1 of the French Commercial Code)

168 REGISTRATION DOCUMENT

• ALTAMIR 2017

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