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64177

MEMORIAL

Amtsblatt

Journal Officiel

du Grand-Duché de

Luxembourg

des Großherzogtums

Luxemburg

R E C U E I L

D E S

S O C I E T E S

E T

A S S O C I A T I O N S

Le présent recueil contient les publications prévues par la loi modifiée du 10 août 1915 concernant les sociétés commerciales

et par loi modifiée du 21 avril 1928 sur les associations et les fondations sans but lucratif.

C — N° 1338

14 septembre 2002

S O M M A I R E

JAZZ, S.à r.l., Société à responsabilité limitée.

Siège social: L-2633 Senningerberg, 22, route de Trèves.

R. C. Luxembourg B 54.401.

—

Statuts coordonnés déposés au registre de commerce et des sociétés de Luxembourg, le 19 juillet 2002.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

(55524/211/8) Déposé au registre de commerce et des sociétés de Luxembourg, le 19 juillet 2002.

Acmar Benelux S.A., Luxembourg. . . . . . . . . . . . . .

64179

Lemanik Sicav, Luxembourg . . . . . . . . . . . . . . . . . .

64216

Acmar Corporation S.A., Luxembourg . . . . . . . . . .

64179

M.D.Z. S.A.H., Luxembourg . . . . . . . . . . . . . . . . . .

64218

Acmar Financial Luxembourg S.A., Luxembourg .

64179

Maginvest S.A.H., Luxembourg . . . . . . . . . . . . . . .

64221

Acmar International S.A., Luxembourg . . . . . . . . .

64179

Maria-De Holding S.A., Luxemburg . . . . . . . . . . . .

64218

Alimenta Holding S.A., Luxembourg . . . . . . . . . . . .

64220

Maria-De Holding S.A., Luxemburg . . . . . . . . . . . .

64224

Ariana Holding S.A., Luxembourg . . . . . . . . . . . . . .

64223

Marroni Finances S.A.H., Luxembourg . . . . . . . . .

64224

Azzurri Internazional S.A.H., Luxembourg. . . . . . .

64219

(Le) Monceau, S.à r.l., Luxembourg . . . . . . . . . . . .

64210

Azzurri Internazionale S.A.H., Luxembourg. . . . . .

64222

Monlux, S.à r.l., Luxembourg-Bonnevoie . . . . . . . .

64214

Benzkirch Berthold, G.m.b.H., Betzdorf . . . . . . . . .

64214

Monte Carlo International Real Estate S.A.H.,

Blumenthal, S.à r.l., Mersch . . . . . . . . . . . . . . . . . . .

64178

Luxembourg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

64217

Burgan Group S.A.H., Luxembourg . . . . . . . . . . . . .

64213

Naxos International Holding S.A., Luxemburg . . .

64219

Celux Finance S.A.H., Luxembourg . . . . . . . . . . . . .

64222

Naxos International Holding S.A., Luxemburg . . .

64222

Codinter S.A.H., Luxembourg . . . . . . . . . . . . . . . . .

64221

Opaline Investissements S.A.H., Luxembourg . . .

64223

Cofimex Holding S.A., Luxembourg . . . . . . . . . . . .

64220

Parbek S.A., Luxembourg . . . . . . . . . . . . . . . . . . . .

64215

Coris Holding S.A., Luxembourg . . . . . . . . . . . . . . .

64217

Partapar S.A., Luxembourg. . . . . . . . . . . . . . . . . . .

64215

Corviglia S.A.H., Luxembourg . . . . . . . . . . . . . . . . .

64216

Pembroke S.A.H., Luxembourg . . . . . . . . . . . . . . .

64217

Crédit Suisse Fund of Funds (Lux) . . . . . . . . . . . . . .

64178

Rive Invest S.A.H., Luxembourg . . . . . . . . . . . . . . .

64221

D.L. Partnership Antibes S.A., Senningerberg . . . .

64178

Seraya S.A.H., Luxembourg . . . . . . . . . . . . . . . . . .

64223

Davis S.A.H., Luxembourg . . . . . . . . . . . . . . . . . . . .

64222

Sha Finance S.A.H., Luxembourg . . . . . . . . . . . . . .

64215

Diego S.A.H., Luxembourg . . . . . . . . . . . . . . . . . . . .

64219

Sinopia Multi Index Fund, Sicav, Luxembourg . . .

64214

Dolberg S.A.H., Luxembourg . . . . . . . . . . . . . . . . . .

64223

Soforest S.A.H., Luxembourg . . . . . . . . . . . . . . . . .

64224

Fountainhead, S.à r.l., Luxembourg . . . . . . . . . . . . .

64211

Sogedel S.A.H., Luxembourg . . . . . . . . . . . . . . . . .

64218

Fountainhead, S.à r.l., Luxembourg . . . . . . . . . . . . .

64213

Systems Administration International, S.A.H.,

Fukuda (Luxembourg), S.à r.l., Luxembourg . . . . .

64210

Luxembourg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

64216

Golf Financial Investment S.A.H., Luxembourg . . .

64219

Tec Equipements, S.à r.l., Luxembourg . . . . . . . . .

64210

Intermedia Holding S.A.H., Luxembourg . . . . . . . .

64217

Wardim S.A.H., Luxembourg . . . . . . . . . . . . . . . . .

64215

Internodium S.A.H., Luxembourg . . . . . . . . . . . . . .

64220

Wawelux Logistics S.A., Munsbach. . . . . . . . . . . . .

64209

Jazz, S.à r.l., Senningerberg. . . . . . . . . . . . . . . . . . . .

64177

Wax, S.à r.l., Luxembourg. . . . . . . . . . . . . . . . . . . .

64210

Kop Maeder Egli S.A.H., Luxembourg . . . . . . . . . . .

64220

64178

CREDIT SUISSE FUND OF FUNDS (LUX), Fonds Commun de Placements.

—

Die Anteilinhaber des CREDIT SUISSE FUND OF FUNDS (LUX) werden hiermit darüber in Kenntnis gesetzt, dass

per Beschluss vom 11. September 2002 der CREDIT SUISSE FUND OF FUNDS MANAGEMENT COMPANY in ihrer
Eigenschaft als Verwaltungsgesellschaft des CREDIT SUISSE FUND OF FUNDS (LUX), mit Zustimmung der BROWN
BROTHERS HARRIMAN (LUXEMBOURG) S.C.A., in ihrer Eigenschaft als Depotbank, der Fonds bzw. die Teilfonds
Credit Suisse Fund of Funds (Lux) Global Equity, Credit Suisse Fund of Funds (Lux) Global Growth und Credit Suisse
Fund of Funds (Lux) Global Balanced mit Wirkung zum 13. September 2002 nach Artikel 15 (1) der Vertragsbedingungen
aufgelöst und in Liquidation gesetzt wurden.

Hintergrund dieses Beschlusses ist, dass alle Subfonds bedeutende Rücknahmeanträge honorieren mussten, durch die

das Fondsvermögen unter das gesetzlich festgelegte Minimumvermögen von EUR 1.239.467,62 gefallen ist.

Die CREDIT SUISSE ASSET MANAGEMENT FUND SERVICES (LUXEMBOURG) S.A. wurde als Liquidator ernannt.
Die Ausgabe von Anteilen des Fonds wurde per Beschluss der Verwaltungsgesellschaft vom 11. September 2002 zum

12. September eingestellt. Die Rücknahme von Anteilen des Fonds wird zum 13. September 2002 eingestellt und der
letzte Nettoinventarwert wird am 16. September 2002 berechnet.

Der Nettoliquidationserlös der Subfonds wird am 19. September 2002 veröffentlicht.
Am Tag der Publikation der vorliegenden Anzeige waren alle ausstehenden Forderungen sowie etwaige Forderungen,

welche im Rahmen der Liquidation entstehen, zurückgestellt.

Anteile, die sich nach dem 13. September 2002 noch im Umlauf befinden, sind ab dem 19. September 2002 bei den

Zahlstellen einlösbar. Der Liquidationserlös, abzüglich der Liquidationskosten und Honorare, der sich im Depot befind-
lichen oder dematerialisiert verbuchten Anteile wird den jeweiligen Kontoinhabern mit Valuta 19. September 2002 gut-
geschrieben.

Nettoliquidationserlöse, die nicht zum Abschluss des Liquidationsverfahrens von Anteilinhabern eingezogen worden

sind, werden von der Depotbank nach Monaten für Rechnung der berechtigten Anteilinhaber bei der Caisse des Con-
signations in Luxemburg hinterlegt, bei der diese Beträge verfallen, wenn sie nicht innerhalb der gesetzlichen Frist dort
angefordert werden

Luxemburg, den 11. September 2002.

Enregistré à Luxembourg, le 12 septembre 2002, vol. 574, fol. 19, case 9. – Reçu 12 euros.

Le Receveur (signé): J. Muller.

(67954/736/34) Déposé au registre de commerce et des sociétés de Luxembourg, le 13 septembre 2002.

D.L. PARTNERSHIP ANTIBES S.A., Société Anonyme.

Siège social: L-1736 Senningerberg, 1A, Heienhaff, Aerogolf Center.

R. C. Luxembourg B 76.852.

—

Les comptes annuels au 31 décembre 2001, enregistrés à Luxembourg, le 15 juillet 2002, vol. 570, fol. 100, case 11,

ont été déposés au registre de commerce et des sociétés de Luxembourg, le 16 juillet 2002.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

(54225/032/10) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juillet 2002.

BLUMENTHAL, Société à responsabilité limitée.

Siège social: L-7526 Mersch, Zone Industrielle.

R. C. Luxembourg B 29.658.

—

Extrait de l’Assemblée Générale Extraordinaire tenue à Mersch le 19 juin 2002

Les associés de la BLUMENTHAL, S.à r.l., ont décidé de convertir le capital social en EUR pour le 1

janvier 2002.

Le capital social de LUF 2.000.000,- est ainsi converti de la façon suivante:

Le capital social de EUR 49.578,70 est représenté par 100 parts sociales sans désignation de valeur nominale.

Enregistré à Luxembourg, le 26 juin 2002, vol. 570, fol. 8, case 1. – Reçu 12 euros.

Le Receveur (signé): J. Muller.

(54267/000/15) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juillet 2002.

CREDIT SUISSE ASSET MANAGEMENT FUND SERVICE (LUXEMBOURG) S.A.
Der Liquidator
Unterschriften

Le 16 juillet 2002.

Signature.

Conversion (40,3399) . . . . . . . . . . . . . . . . . . . . . . .

49.578,70

EUR 49.578,70

Mersch, le 19 juin 2002.

Signature.

64179

ACMAR CORPORATION S.A., Société Anonyme.

Registered office: L-1724 Luxembourg, 33, boulevard du Prince Henri.

R. C. Luxembourg B 66.914.

split into

ACMAR FINANCIAL LUXEMBOURG S.A., Société Anonyme.

Registered office: L-1724 Luxembourg, 33, boulevard du Prince Henri.

ACMAR BENELUX S.A., Société Anonyme.

Registered office: L-1724 Luxembourg, 33, boulevard du Prince Henri.

ACMAR INTERNATIONAL S.A., Société Anonyme.

Registered office: L-1724 Luxembourg, 33, boulevard du Prince Henri.

—

Company demerged by incorporation of three new Luxembourg companies:
1 ACMAR FINANCIAL LUXEMBOURG S.A. (société anonyme), with registered office at L-1724 Luxembourg, 33,

boulevard du Prince Henri;

2 ACMAR BENELUX S.A. (société anonyme), with registered office at L-1724 Luxembourg, 33, boulevard du Prince

Henri;

3 ACMAR INTERNATIONAL S.A. (société anonyme), with registered office at L-1724 Luxembourg, 33, boulevard

du Prince Henri.

In the year two thousand and two, on the first day of the month of July.
Before us, Maître Jean-Joseph Wagner, notary, residing in Sanem (Grand Duchy of Luxembourg).

Was held an extraordinary general meeting of shareholders of ACMAR CORPORATION S.A., a Luxembourg société

anonyme having its registered office in L-1724 Luxembourg, 33, boulevard du Prince Henri, Grand Duchy of Luxem-
bourg, (the «Company»), incorporated in Curaçao, Netherlands Antilles, on July 19, 1990 and transferred to Luxem-
bourg by deed of the undersigned notary, on October 22, 1998, published in the Mémorial C, number 15 of January 12,
1999, modified by a deed of Maître Emile Schlesser, notary, residing in Luxembourg (Grand Duchy of Luxembourg) on
March 1st, 2002, published in the Mémorial C, number 895 of June 12, 2002.

The meeting was declared open at 3.00 p.m. and was presided by Mr Jean-Paul Spang, lawyer, residing in Luxembourg.
The chairman appointed as secretary of the meeting Mr Jean-Michel Schmit, lawyer, residing in Luxembourg.
Mr Hugo Neuman, lawyer, residing in Luxembourg, was elected as scrutineer.
The chairman declared and requested the notary to record that:
(i) The agenda of the meeting is as follows:
1 Approval and implementation of the demerger of the Company by incorporation of three new Luxembourg com-

panies under the form of public limited companies (sociétés anonymes) (the «New Companies») with their respective
registered office in L-1724 Luxembourg, 33, boulevard du Prince Henri, and named ACMAR FINANCIAL LUXEM-
BOURG S.A., ACMAR BENELUX S.A. and ACMAR INTERNATIONAL S.A. respectively, in conformity with articles
288 and 307 of the Luxembourg law of August 10, 1915, on commercial companies, as amended (the «Law»), and in
accordance with the demerger proposal, as published in the Luxembourg Mémorial C, number 816, on May 29, 2002 in
accordance with article 290 of the Law.

2 Waiver of the application of articles 293, 294 paragraphs (1), (2) and (4), and article 295 paragraph (1) c), d) et e),

as per article 296 of the Law.

3 Approval of the transfer to the New Companies of all the Company’s assets and liabilities, without exception, fol-

lowing the Company’s dissolution without liquidation, substantially as set out in the balance sheets published together
with the demerger proposal in conformity with the Law.

4 Approval of the allotment by the New Companies to the current shareholders of the Company, in exchange for

the contribution of all the assets and liabilities of the Company, of thirty four thousand and one hundred (34,100) shares
with a nominal value of one thousand euro (EUR 1,000.-) each in the capital of the newly incorporated company ACMAR
FINANCIAL LUXEMBOURG S.A., of three thousand and six hundred (3,600) shares with a nominal value of one thou-
sand euro (EUR 1,000,-) each in the capital of the newly incorporated company ACMAR BENELUX S.A. and of eleven
thousand and seven hundred (11,700) shares with a nominal value of one thousand euro (EUR 1,000.-) each in the capital
of the newly incorporated company ACMAR INTERNATIONAL S.A., each time in proportion to their respective cur-
rent shareholding in the Company, as well as of the full payment of the par value of the newly issued shares and of a
share premium corresponding to the difference between the net assets contributed and the nominal value of the shares
subscribed for.

5 Incorporation of the New Companies.
6 Approval of the terms of cancellation of the Company’s shares and the terms of delivery of the new shares issued

by the New Companies in accordance with the demerger proposal published in conformity with the Law.

7 Acknowledgement of the perfection of the demerger and the consequent dissolution without liquidation of the

Company.

8 Conservation of the Company’s corporate documents.
9 Discharge to the board of directors and the auditor(s) of the Company.
(ii) The names of the shareholders and the number of shares held by each of them are indicated in an attendance list

signed by the shareholders present, the proxies of the represented shareholders and by the members of the board of
the meeting. Such attendance list and proxies will remain attached to the original of these minutes to be registered with
this deed.

64180

(iii) It appears from the said attendance list that out of the total issued share capital of the Company, all shares issued

by the Company are duly represented and agree to vote on the agenda, so that the meeting is regularly constituted and
may properly resolve on its agenda known to all the shareholders present or represented.

(iv) After full discussion, the general meeting of shareholders, then in each time unanimously adopted the following

resolution:

First resolution

Resolved to approve and implement the demerger of the Company by incorporation of three new Luxembourg com-

panies under the form of public limited companies (sociétés anonymes) with their respective registered office in L-1724
Luxembourg, 33, boulevard du Prince Henri, and named ACMAR FINANCIAL LUXEMBOURG S.A., ACMAR BENE-
LUX S.A. and ACMAR INTERNATIONAL S.A. respectively, in conformity with articles 288 and 307 of the Law and in
accordance with the demerger proposal, as published in the Luxembourg Mémorial C, number 816, on May 29, 2002 in
accordance with articles 290 of the Law.

Second resolution

Resolved to waive the application of articles 293, 294 paragraphs (1), (2) and (4), and article 295 paragraph (1) c), d)

et e), as per article 296 of the Law.

Third resolution

Acknowledged the Company’s interim balance sheet as at 15 June 2002 that the Company’s board of directors sub-

mitted to the general meeting of shareholders in order to inform the Company’s shareholders on the changes in the
Company’s assets and liabilities since the establishment of the published demerger proposal. The interim balance will
remain attached to the present deed in order to be submitted to the registration formalities together with it, after having
been signed ne varietur by the appearing persons together with the undersigned notary.

Resolved to transfer to the New Companies all the Company’s assets and liabilities, without exception, following the

Company’s dissolution without liquidation, as follows:

Tentative opening balance sheet as at July 2002 of ACMAR INTERNATIONAL S.A., expressed in EUR.

Tentative opening balance sheet as at 1 July 2002 of ACMAR BENELUX S.A., expressed in EUR.

Tentative opening balance sheet as at 1 July 2002 of ACMAR FINANCIAL LUXEMBOURG S.A., in EUR

Assets 1 July 2002
Fixed Assets
THERABEL INTERNATIONAL N.V. - Netherlands . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32,577,752.-

Current Assets
Cash at banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10,000.-

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32,587,752.-

Liabilities 1 July 2002
Capital and Reserves
Issued capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11,700,000.-

Share premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20,887,752.-

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32,587,752.-

Assets 1 July 2002
Fixed Assets
THERABEL PHARMA N.V. - Netherlands. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9,817,558.-

THERABEL PHARMA S.A. - Belgium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

252.-

Current Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cash at banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10,000.-

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9,827,810.-

3,600,000.-

Share premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6,227,810.-

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9,827,810.-

Assets 1 July 2002
Fixed Assets
AZORIM EUROPE B.V. - Netherlands . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4,820,029.-

Current Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dividend receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19,462,615.-

Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

934,448.-

Other receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15,143.-

Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

39,094,706.-

Cash at banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

31,620,275.-

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95,947,216.-

64181

Acknowledged that the above contributions to each of the New Companies are made on the basis of the Company’s

interim balance sheet as at 15 June 2002 and resolved that all operations of the Company since such date in respect of
the Company’s assets and liabilities are made at the exclusive benefit and risk of the New Companies and that from an
accounting point of view and as concerns the shareholders of the Company, the Company’s activities are since that date
considered as accomplished for and by the New Companies.

Fourth resolution

Resolved to approve the allotment by the New Companies to the current shareholders of the Company, in exchange

for the contribution of all the assets and liabilities of the Company, of thirty four thousand and one hundred (34,100)
shares with a nominal value of one thousand euro (EUR 1,000.-) each in the capital of the newly incorporated company
ACMAR FINANCIAL LUXEMBOURG S.A., of three thousand and six hundred (3,600) shares with a nominal value of
one thousand euro (EUR 1,000.-) each in the capital of the newly incorporated company ACMAR BENELUX S.A. and
of eleven thousand and seven hundred (11,700) shares with a nominal value of one thousand euro (EUR 1,000.-) each
in the capital of the newly incorporated company ACMAR INTERNATIONAL S.A., each time in proportion to their
respective current shareholding in the Company, as well as the full payment of the par value of the newly issued shares
and of a share premium corresponding to the difference between the net assets contributed and the nominal value of
the shares subscribed for.

Fifth resolution

Resolved to incorporate each of the New Companies, the articles of incorporation of which shall read as stated in

the demerger proposal published in the Luxembourg Mémorial C, number 816, on May 29, 2002 in accordance with
articles 290 of the Law and requested the undersigned notary to draw up the deed of incorporation of each of the New
Companies as follows:

ACMAR BENELUX S.A.

Registered office: L-1724 Luxembourg, 33, boulevard du Prince Henri.

Chapter I. - Form - Name - Registered office - Object - Duration

Art. 1. Form, Name
There is hereby established among the subscribers and all those who may become owners of the shares hereafter

created a company (the «Company») in the form of a société anonyme which, will be governed by the laws of the Grand
Duchy of Luxembourg and by the present articles.

The Company will exist under the name of ACMAR BENELUX S.A.

Art. 2. Registered Office
The Company will have its registered office in the City of Luxembourg.
The registered office may be transferred to any other place within the City of Luxembourg by a resolution of the

board of directors.

Branches or other offices may be established in the Grand Duchy of Luxembourg or abroad by a resolution of the

board of directors.

In the event that extraordinary political, economic or social developments occur or are imminent that would inter-

fere with the normal activities of the Company at its registered office or with the ease of communications with such
office and persons abroad, the registered office may be temporarily transferred abroad, until the complete cessation of
these abnormal circumstances. Such temporary measures will have no effect on the nationality of the Company, which,
notwithstanding the temporary transfer of the registered office, will remain a Luxembourg Company. Such temporary
measures will be taken and notified to any interested parties by one of the bodies or persons entrusted with the daily
management of the Company.

Art. 3. Object
The sole object of the Company is the holding of participations in Luxembourg and/or in foreign companies, as well

as the administration, development and management of its portfolio.

In a general fashion the Company may carry out any operation, which it may deem useful in the accomplishment and

development of its purposes.

Art. 4. Duration
The Company is formed for an unlimited duration.
The Company may be dissolved at any time pursuant to a resolution of the meeting of shareholders resolving in con-

formity with the provisions of the law.

Liabilities 1 July 2002
Capital and Reserves
Issued capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

34,100,000.-

Share premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

61,735,221.-

Other creditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7,692.-

Accrued charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

76,822.-

Taxes 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27,481.-

Taxes 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p.m.

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95,947,216.-

64182

Chapter Il. - Capital - Shares

Art. 5. Corporate Capital
The corporate capital of the Company is three million and six hundred thousand euro (EUR 3,600,000.-) divided into

three thousand six hundred (3.600) shares with a par value of one thousand euro (EUR 1,000.-) each.

In addition to the corporate capital, there may be set up a premium account into which any premium paid on any

share in addition to its par value is transferred. The amount of the premium account may be used to provide for the
payment of any shares, which the Company may redeem from its shareholders, to offset any net realised losses, to make
distributions to the shareholders or to allocate funds to the legal reserve.

Art. 6. Shares
The shares will be in the form of registered or in the form of bearer shares, at the option of the shareholders.
The Company may also issue multiple share certificates.

Chapter Ill. - Board of directors - Statutory - Auditors

Art. 7. Board of Directors
The Company will be administered by a board of directors composed of at least three members who need not be

shareholders.

The directors will be elected by the shareholders’ meeting, which will determine their number, for a period not ex-

ceeding six years, and they will hold office until their successors are elected. They are re-eligible, but they may be re-
moved at any time, with or without a cause, by a resolution of the shareholders’ meeting.

In the event of a vacancy on the board of directors, the remaining directors may meet and may elect by majority vote

a director to fill such vacancy until the next meeting of shareholders.

Art. 8. Meetings of the Board of Directors
The board of directors will choose from among its members a chairman. It may also choose a secretary, who needs

not to be a director, who will be responsible for keeping the minutes of the meetings of the board of directors and of
the shareholders.

The board of directors will meet upon call by the chairman. A meeting of the board must be convened if any two

directors so require.

The chairman will preside at all meetings of shareholders and of the board of directors, but in his absence the general

meeting or the board will appoint another director as chairman pro tempore by vote of the majority present at such
meeting.

Except in case of urgency or as otherwise provided for in this article, at least one week’s written notice of board

meetings shall be given. Any such notice shall specify the time and place of the meeting and the nature of the business
to be transacted.

If all the directors are present or represented at a meeting of the board of directors and if they state that they have

been informed of the agenda of the meeting, the meeting may be held without prior notice. The notice may also be
waived by the consent in writing or by telefax, cable, telegram or telex of each director. No separate notice is required
for meetings held at times and places specified in a schedule previously adopted by resolution of the board of directors.

Every board meeting shall be held in Luxembourg.
Any director may act at any meeting of the board of directors by appointing in writing or by telefax, cable, telegram

or telex another director as his proxy.

A quorum of the board shall be the presence or the representation of a majority of the directors holding office.
Decisions will be taken by a majority of the votes of the directors present or represented at the relevant meeting.
In case of emergency, a written decision, signed by all the Directors, is proper and valid as though it had been adopted

at a meeting of the board of directors which was duly convened and held. Such a decision can be documented in a single
document or in several separate documents having the same content and each of them, signed by one or several direc-
tors.

Art. 9. Minutes of meetings of the Board of Directors
The minutes of any meeting of the board of directors will be signed by the chairman of the meetings. Any proxies

will remain attached thereto.

Copies or extracts of such minutes which may be produced in judicial proceedings or otherwise will be signed by the

chairman or by any two members of the board of directors.

Art. 10. Powers of the Board of Directors
The board of directors is vested with the broadest powers to perform all acts necessary or useful for accomplishing

the Company’s object. All powers not expressly reserved by law to the general meeting of shareholders are in the com-
petence of the board of directors.

Art. 11. Delegation of Powers
The board of directors may delegate the daily management of the Company and the representation of the Company

within such daily management to one or more directors, officers, executives, employees or other persons who may but
need not be shareholders, or delegate special powers or proxies, or entrust determined permanent or temporary func-
tions to persons or agents chosen by it.

Delegation of daily management to a member of the board is subject to previous authorization by the general meeting

of shareholders.

64183

Art. 12. Conflict of Interests
No contract or other transaction between the Company and any other company or firm shall be affected or invali-

dated by the fact that any one or more of the directors or officers of the Company has a personal interest in, or is a
director, associate, officer or employee of such other company or firm. Any director or officer of the Company who
serves as a director, associate, officer or employee of any company or firm with which the Company shall contract or
otherwise engage in business shall not, by reason of such affiliation with such other company or firm, be prevented from
considering and voting or acting upon any matters with respect to such contract or other business.

In the event that any director or officer of the Company may have any personal interest in any transaction of the

Company, he shall make known to the Board such personal interest and shall not consider or vote on any such trans-
action, and such transaction and such director’s or officer’s interest therein shall be reported to the next general meet-
ing of shareholders.

The Company shall indemnify any director or officer and his heirs, executors and administrators, against expenses

reasonably incurred by him in connection with any action, suit or proceeding to which he may be made a party by reason
of his being or having been a director or officer of the Company, or, at the request of the Company, of any other com-
pany of which the Company is a shareholder or creditor and by which he is not entitled to be indemnified, except in
relation to matters as to which he shall be finally adjudged in such action, suit or proceeding to be liable for gross neg-
ligence or misconduct; in the event of a settlement, indemnification shall be provided only in connection with such mat-
ters covered by the settlement as to which the Company is advised by its legal counsel that the person to be indemnified
did not commit such a breach of duty. The foregoing right of indemnification shall not exclude other rights to which he
may be entitled.

Art. 13. Representation of the Company
The Company will be bound towards third parties by the joint signatures of any three directors or by the single sig-

nature of the person to whom the daily management of the Company has been delegated, within such daily management,
or by the joint signatures or single signature of any persons to whom such signatory power has been delegated by the
board, but only within the limits of such power.

Art. 14. Statutory Auditors
The supervision of the operations of the Company is entrusted to one auditor or several auditors who need not to

be shareholders.

The auditors will be elected by the shareholders’ meeting, which will determine their number, for a period not ex-

ceeding six years, and they will hold office until their successors are elected. They are re-eligible, but they may be re-
moved at any time, with or without cause, by a resolution of the shareholders’ meeting.

Chapter IV. - Meeting of shareholders

Art. 15. Powers of the Meeting of Shareholders
Any regularly constituted meeting of shareholders of the Company represents the entire body of shareholders.
It has the powers conferred upon it by law.

Art. 16. Annual General Meeting
The annual general meeting will be held in the City of Luxembourg, at the registered office of the Company or at

such other place as may be specified in the notice convening the meeting on the last Thursday of the month of June of
each year, at 3.30 p.m.

If such day is a public holiday, the meeting will be held on the next following business day.

Art. 17. Other General Meetings
The board of directors may convene other general meetings. Such meeting must be convened if shareholders repre-

senting at least one fifth of the Company’s capital so require.

Shareholders’ meetings, including the annual general meeting, may be held abroad if, in the judgement of the board

of directors, which is final, circumstances of force majeure so require.

Art. 18. Procedure, Vote
Shareholders will meet upon call by the board of directors or the auditor or the auditors made in the forms provided

for by law. The notice will contain the agenda of the meeting.

If all the shareholders are present or represented at a shareholders’ meeting and if they state that they have been

informed of the agenda of the meeting, the meeting may be held without prior notice.

A shareholder may act at any meeting of the shareholders by appointing in writing or by telefax, cable, telegram or

telex as his proxy another person who need not be a shareholder.

The board of directors may determine all other conditions that must be fulfilled in order to take part in a sharehold-

ers’ meeting.

Except as otherwise required by law, resolutions will be taken by a simple majority of votes irrespective of the

number of shares represented.

One vote is attached to each share.
Copies or extracts of the minutes of the meeting to be produced in judicial proceedings or otherwise will be signed

by the chairman or by any two members of the board of directors.

Chapter V. - Financial year - Distribution of profits

Art. 19. Financial Year
The Company’s financial year begins on the first day of January and ends on the last day of December in every year.

64184

The Board of directors shall prepare annual accounts in accordance with the requirements of Luxembourg law and

accounting practice.

Art. 20. Appropriation of Profits
From the annual net profits of the Company, five per cent (5 %) shall be allocated to the reserve required by law.

That allocation will cease to be required as soon and as long as such reserve amounts to ten per cent (10 %) of the
subscribed capital of the Company.

Upon recommendation of the board of directors, the general meeting of shareholders determines how the remainder

of the annual net profits will be disposed of. It may decide to allocate the whole or part of the remainder to a reserve
or to a provision reserve, to carry it forward to the next following financial year or to the shareholders as dividend.

Subject to the conditions fixed by the law, the board of directors may pay out an advance payment on dividends. The

board fixes the amount and the date of payment of any such advance payment.

The Company may redeem its own shares in accordance with the provisions of the law.

Chapter VI.- Dissolution - Liquidation

Art. 21. Dissolution, Liquidation
The Company may be dissolved by a decision of the general meeting with the same quorum and majority as for the

amendment of these articles of incorporation, unless otherwise provided by law.

Should the Company be dissolved, the liquidation will be carried out by one or more liquidators appointed by the

general meeting of shareholders, which will determine their powers and their compensation.

Chapter VII. - Applicable law

Art. 22. Applicable Law
All matters not governed by these articles of incorporation shall be determined in accordance with the Luxembourg

law of August 10th, 1915 on commercial companies, as amended.

Subscription

The articles of incorporation of ACMAR BENELUX S.A. having thus been established, the parties appearing declared

that they subscribe for the newly issued three thousand and six hundred (3,600) shares with a par value of one thousand
euro (EUR 1,000.-) each, and pay said shares together with an aggregate share premium that corresponds to the differ-
ence between the net assets contributed and the nominal value of the shares subscribed for, entirely up by contribution
in kind of assets and liabilities that represent a part of the demerged Company, as reflected below, it being acknowledged
that the contributions to ACMAR BENELUX S.A. are made on the basis of the Company’s interim balance sheet as at
15 June 2002 and it being agreed that all operations of the Company since such date in respect of the Company’s assets
and liabilities contributed to ACMAR BENELUX S.A. are made at the exclusive benefit and risk of ACMAR BENELUX
S.A. and that from an accounting point of view and as concerns the shareholders of the Company, the Company’s ac-
tivities regarding the assets and liabilities contributed are since that date considered as accomplished for and by ACMAR
BENELUX S.A.:

Statement

Evidence of all payments made by contribution in kind have been provided to the undersigned notary by a report

dated 28 June 2002 from L’ALLIANCE REVISION, S.à r.l., Société de Révision, having its registered office in L-1724 Lux-
embourg, 33, boulevard du Prince Henri, in accordance with articles 26-1 and 294 (3) of the Law. This report, which
will remain attached to the present deed in order to be submitted to the registration formalities together with it, after
having been signed ne varietur by the appearing persons together with the undersigned notary, provides the following
conclusions: «Subject to the above, we can conclude, that the total contributions amounting to EUR 9,827,810.- corre-
spond at least to the number and value of shares to be issued, i.e. 3,600 shares of EUR 1,000 each and a fully paid in
share premium corresponding to the difference between the net assets contributed and the nominal value of the shares
being issued.»

The undersigned notary declared that the conditions provided for by article 26 of the Law, have been observed.

Pro Fisco

Since the contributions made to ACMAR BENELUX S.A. are part of the assets and liabilities of the demerged com-

pany ACMAR CORPORATION S.A., which contributes all its assets and liabilities, without exception, to three newly
incorporated companies, ACMAR BENELUX S.A., ACMAR FINANCIAL LUXEMBOURG S.A. and ACMAR INTERNA-

Assets contributed
Current Assets
THERABEL PHARMA N.V. - Netherlands. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9,817,558.-

THERABEL PHARMA S.A. - Belgium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

252.-

Fixed Assets
Cash at banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10,000.-

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9,827,810.-

Shareholders

subscribed capital

number of shares

- Mr Claude Robert . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3,599,000.- EUR

3,599 shares

- TMF CORPORATE SERVICES S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1,000.- EUR

1 share

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3,600,000.- EUR

3,600 shares

64185

TIONAL S.A., to be incorporated at the demerger of ACMAR CORPORATION S.A., all three having their registered
office in L-1724 Luxembourg, 33, boulevard du Prince Henri, since the contributions are only remunerated by attribu-
tion of shares and since all the companies involved have their registered office in the Grand Duchy of Luxembourg,
which is a member state of the European Union, the Company refers to article 4-1 of the law of September 29, 1971,
which provides for an exemption of capital duty.

Transitory provisions

The first financial year will begin on the date of formation of the company and will end on the last day of December

2002.

ACMAR INTERNATIONAL S.A.

Registered office: L-1724 Luxembourg, 33, boulevard du Prince Henri.

Chapter I. - Form - Name - Registered office - Object - Duration

Art. 1. Form, Name
There is hereby established among the subscribers and all those who may become owners of the shares hereafter

created a company (the «Company») in the form of a société anonyme which, will be governed by the laws of the Grand
Duchy of Luxembourg and by the present articles.

The Company will exist under the name of ACMAR INTERNATIONAL S.A.

board of directors.

Branches or other offices may be established in the Grand Duchy of Luxembourg or abroad by a resolution of the

board of directors.

In the event that extraordinary political, economic or social developments occur or are imminent that would inter-

Art. 3. Object
The sole object of the Company is the holding of participations in Luxembourg and/or in foreign companies, as well

as the administration, development and management of its portfolio.

In a general fashion the Company may carry out any operation, which it may deem useful in the accomplishment and

development of its purposes.

Art. 4. Duration
The Company is formed for an unlimited duration.
The Company may be dissolved at any time pursuant to a resolution of the meeting of shareholders resolving in con-

formity with the provisions of the law.

Chapter II. - Capital - Shares

Art. 5. Corporate Capital
The corporate capital of the Company is set at eleven million and seven hundred thousand euro (EUR 11,700,000.-)

divided into eleven thousand seven hundred (11,700) shares with a par value of one thousand euro (EUR 1,000.-) each.

In addition to the corporate capital, there may be set up a premium account into which any premium paid on any

Art. 6. Shares
The shares will be in the form of registered or in the form of bearer shares, at the option of the shareholders.
The Company may also issue multiple share certificates.

Chapter III.- Board of Directors - Statutory auditors

Art. 7. Board of Directors
The Company will be administered by a board of directors composed of at least three members who need not be

shareholders.

The directors will be elected by the shareholders’ meeting, which will determine their number, for a period not ex-

In the event of a vacancy on the board of directors, the remaining directors may meet and may elect by majority vote

a director to fill such vacancy until the next meeting of shareholders.

Art. 8. Meetings of the Board of Directors
The board of directors will choose from among its members a chairman. It may also choose a secretary, who needs

not to be a director, who will be responsible for keeping the minutes of the meetings of the board of directors and of
the shareholders.

64186

The board of directors will meet upon call by the chairman. A meeting of the board must be convened if any two

directors so require.

The chairman will preside at all meetings of shareholders and of the board of directors, but in his absence the general

meeting or the board will appoint another director as chairman pro tempore by vote of the majority present at such
meeting.

Except in case of urgency or as otherwise provided for in this article, at least one week’s written notice of board

meetings shall be given. Any such notice shall specify the time and place of the meeting and the nature of the business
to be transacted.

If all the directors are present or represented at a meeting of the board of directors and if they state that they have

Every board meeting shall be held in Luxembourg.
Any director may act at any meeting of the board of directors by appointing in writing or by telefax, cable, telegram

or telex another director as his proxy.

Art. 9. Minutes of meetings of the Board of Directors
The minutes of any meeting of the board of directors will be signed by the chairman of the meetings. Any proxies

will remain attached thereto.

Copies or extracts of such minutes which may be produced in judicial proceedings or otherwise will be signed by the

chairman or by any two members of the board of directors.

Art. 10. Powers of the Board of Directors
The board of directors is vested with the broadest powers to perform all acts necessary or useful for accomplishing

the Company’s object. All powers not expressly reserved by law to the general meeting of shareholders are in the com-
petence of the board of directors.

Art. 11. Delegation of Powers
The board of directors may delegate the daily management of the Company and the representation of the Company

Delegation of daily management to a member of the board is subject to previous authorization by the general meeting

of shareholders.

Art. 12. Conflict of Interests
No contract or other transaction between the Company and any other company or firm shall be affected or invali-

In the event that any director or officer of the Company may have any personal interest in any transaction of the

The Company shall indemnify any director or officer and his heirs, executors and administrators, against expenses

Art. 13. Representation of the Company
The Company will be bound towards third parties by the joint signatures of any three directors or by the single sig-

64187

Art. 14. Statutory Auditors
The supervision of the operations of the Company is entrusted to one auditor or several auditors who need not to

be shareholders.

The auditors will be elected by the shareholders’ meeting, which will determine their number, for a period not ex-

Chapter IV. - Meeting of shareholders

Art. 16. Annual General Meeting
The annual general meeting will be held in the City of Luxembourg, at the registered office of the Company or at

such other place as may be specified in the notice convening the meeting on the last Thursday of the month of June of
each year, at 4.00 p.m.