Elimination of the par value of the shares and capital increase

 Resolutions of the Extraordinary Shareholders’ Meeting of May 19, 2006:

•  Elimination of par value
  The shareholders, having reconvened in extraordinary session, voted to eliminate the par value of the common and savings shares.

• Share capital increase
  During the same extraordinary session, the shareholders voted to carry out a contributory share capital increase for a maximum amount of €130,000,000.00, to be implemented through the issuance of common shares with no par value, carrying up to 74,285,714 attached warrants, allocated free of charge on the basis of 1 warrant for every 5 newly issued shares. The Board of Directors will be authorized to determine, in accordance with predetermined guidelines, the issue price of the new shares (which may range between €0.45 and €0.35 per share), the number of new shares issued and the rights offering ratio.