SOLOCAL_Registration Document_2017

INFORMATION ON THE COMPANY AND ITS CAPITAL 7.2 Memorandum and Articles of Association

SALE AND TRANSFER OF SHARES (ARTICLE 9 OF THE ARTICLES 7.2.3 OF ASSOCIATION)

Shares are freely negotiable, subject to applicable legal and transferred under the terms and conditions set out in the regulatory provisions. They are registered in an account and applicable legal and regulatory provisions.

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CROSSING OF STATUTORY THRESHOLDS (ARTICLE 9 OF THE ARTICLES 7.2.4 OF ASSOCIATION)

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In addition to the legal requirement to inform the Company when certain percentages of capital or voting have been exceeded or are not met, any person acting alone or in concert who comes to hold or ceases to hold, directly or indirectly, a fraction of the capital, voting rights or securities giving future rights to the Company’s share capital that is equal to or greater than 1% or a multiple of this fraction, will be required, no later than before the close of trading on the fourth trading day after the day this threshold was exceeded or not met, to notify the Company, by registered letter with acknowledgement of receipt, of the total number of shares, voting rights or securities giving equity rights which it holds, directly or indirectly, alone or in concert.

This notification must be renewed under the aforementioned conditions whenever a new 1% threshold is reached or crossed, upwards or downwards, for any reason whatsoever, including above the 5% threshold. In the event of non-compliance with the aforementioned requirements, and if one or more shareholders holding at least 1% of the share capital so requests from the General Shareholders’ Meeting, the shareholders in question shall, without prejudice to potential suspensions of voting rights decided by a court, under the conditions and limits specified by law, be deprived of the voting rights for the shares exceeding the thresholds subject to declaration.

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CHANGE IN CAPITAL CLAUSE 7.2.5

At the registration date of this Reference Document, the Articles of Association contain no provisions stricter than those set out in the law relating to changes in capital.

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2017 Registration Document SOLOCAL