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MEMORIAL

Journal Officiel

du Grand-Duché de

Luxembourg

MEMORIAL

Amtsblatt

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

C — N° 428

27 février 2010

SOMMAIRE

Aderland Holding S.A. . . . . . . . . . . . . . . . . . .

20504

ARP Group S.A.H. . . . . . . . . . . . . . . . . . . . . .

20500

Audiolux . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20500

Aurea Finance Company . . . . . . . . . . . . . . . .

20499

Autovitres S.à r.l. . . . . . . . . . . . . . . . . . . . . . .

20540

B & B Lux-Manu S.àr.l. . . . . . . . . . . . . . . . . . .

20542

Bronx S.àr.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

20542

Bumba S. à r.l. . . . . . . . . . . . . . . . . . . . . . . . . .

20535

Ciba Specialty Chemicals Finance Luxem-

bourg S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20498

Clémentine S.à r.l. . . . . . . . . . . . . . . . . . . . . .

20541

ColMunchen S.à.r.l. . . . . . . . . . . . . . . . . . . . . .

20544

Compagnie Industrielle et Financière des

Produits Amylacés . . . . . . . . . . . . . . . . . . . .

20498

Copralim S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

20499

Damode-MG S.A., SPF . . . . . . . . . . . . . . . . .

20505

Diversified Dynamic Strategies . . . . . . . . . .

20501

Domanial S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

20506

European Retail Enterprises II B.V. . . . . . .

20538

European Road Transport Information

Services S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

20544

ExxonMobil Luxembourg et Cie . . . . . . . . .

20543

Fair Partners S.à r.l. S.C.A. . . . . . . . . . . . . .

20541

Freo Germany II Partners (SCA) SICAR

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20499

Frisia Return . . . . . . . . . . . . . . . . . . . . . . . . . . .

20504

Gazprombank Mortgage Funding 1 S.A.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20508

GIP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20538

GIP InvestWorld . . . . . . . . . . . . . . . . . . . . . . .

20538

G.M.P. Group . . . . . . . . . . . . . . . . . . . . . . . . . .

20498

Gyges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20507

H&S Global . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20506

ID 1 Sàrl . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20544

ID Top Sàrl . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20541

Intel Holding S.A. . . . . . . . . . . . . . . . . . . . . . .

20502

Interbio Medical Service S.A. . . . . . . . . . . . .

20542

Interdynamic Fund . . . . . . . . . . . . . . . . . . . . .

20544

IS SLOVPROP Sàrl . . . . . . . . . . . . . . . . . . . . .

20540

ISwe Log 1 Sàrl . . . . . . . . . . . . . . . . . . . . . . . .

20541

ISwi 1 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

20540

ISwi Log 1 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . .

20541

IT 2 Sàrl . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20543

Lamar S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . .

20542

LF Open Waters OP . . . . . . . . . . . . . . . . . . .

20503

Lux-Design GmbH . . . . . . . . . . . . . . . . . . . . .

20543

MyStarter dotNet S.A. . . . . . . . . . . . . . . . . .

20539

MyStarter dotNet S.A. . . . . . . . . . . . . . . . . .

20539

MyStarter dotNet S.A. . . . . . . . . . . . . . . . . .

20539

MyStarter dotNet S.A. . . . . . . . . . . . . . . . . .

20539

MyStarter dotNet S.A. . . . . . . . . . . . . . . . . .

20539

MyStarter dotNet S.A. . . . . . . . . . . . . . . . . .

20539

Noosphere S.à r.l. . . . . . . . . . . . . . . . . . . . . . .

20540

Parmeria . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20502

PRE CO TEC S.à r.l. . . . . . . . . . . . . . . . . . . . .

20544

Rail Investment Company S.A. . . . . . . . . . .

20506

RIL II Hampstead S.à r.l. . . . . . . . . . . . . . . . .

20543

Rom (Lux) 1 Sàrl . . . . . . . . . . . . . . . . . . . . . . .

20543

SAGRAL (Société Agricole des Grands

Lacs) S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20502

'SOMALUX' Société de Matériel Luxem-

bourgeoise S.A. . . . . . . . . . . . . . . . . . . . . . . .

20503

T.K.L. Treuhand Kontor Luxemburg S.A.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20542

UBS Multi Manager Access II . . . . . . . . . . . .

20501

Unifida Holding S.A. . . . . . . . . . . . . . . . . . . . .

20503

Valartis Fund Management S.à r.l. . . . . . . .

20536

Value Portfolio . . . . . . . . . . . . . . . . . . . . . . . . .

20507

Venti S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20509

Vermögenswachstum Global . . . . . . . . . . . .

20508

Verveine Odyssée SA . . . . . . . . . . . . . . . . . . .

20540

Verveine Odyssée SA . . . . . . . . . . . . . . . . . . .

20540

Vicus S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20505

Vista S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20504

20497

Ciba Specialty Chemicals Finance Luxembourg S.A., Société Anonyme.

Siège social: L-1145 Luxembourg, 180, rue des Aubépines.

R.C.S. Luxembourg B 93.778.

All Shareholders and Bondholders are hereby convened to attend the

ORDINARY GENERAL MEETING

which is going to be held at the registered office in Luxembourg, on 19 March 2010 at 11 a.m., with the following

agenda:

Agenda:

1. reports of the Board of Directors and the Statutory Auditor;
2. presentation and approval of the annual accounts as at 31 December 2009, allocation of results;
3. decision to be taken with respect to Article 100 of the modified law of 10 August 1915 on commercial companies;
4. discharge to the Directors and the Statutory Auditor;
5. ratification of the resignation of Mr Daniel PETITPIERRE from the Board of Directors on 30 September 2009;
6. statutory elections;
7. miscellaneous.

THE BOARD OF DIRECTORS.

Référence de publication: 2010019060/1017/19.

Compagnie Industrielle et Financière des Produits Amylacés, Société Anonyme Holding.

Siège social: L-1840 Luxembourg, 40, boulevard Joseph II.

R.C.S. Luxembourg B 4.367.

Les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra au siège social 40, boulevard Joseph II, L-1840 Luxembourg, le 18 mars 2010 à 14.00 heures, pour

délibérer sur l'ordre du jour conçu comme suit:

Ordre du jour:

1. Report de la date de l'Assemblée au 18 mars 2010,
2. Approbation du rapport du Conseil d'Administration et du rapport du commissaire aux comptes pour l'exercice

clos au 30 septembre 2009,

3. Approbation des comptes annuels au 30 septembre 2009 et affectation du résultat,
4. Décharge à donner aux administrateurs et au commissaire aux comptes,
5. Nominations statutaires,
6. Divers.

Le Conseil d'administration.

Référence de publication: 2010020794/19.

G.M.P. Group, Société Anonyme.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 38.380.

Les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu le 19 mars 2010 à 9:00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

1. Rapport de gestion du Conseil d'Administration et rapport du Commissaire
2. Approbation des comptes annuels et affectation des résultats au 31 décembre 2009
3. Décharge aux Administrateurs et au Commissaire
4. Divers

Le Conseil d'Administration.

Référence de publication: 2010021642/795/15.

20498

Copralim S.A., Société Anonyme Holding.

Siège social: L-1840 Luxembourg, 40, boulevard Joseph II.

R.C.S. Luxembourg B 58.151.

Les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra au siège social 40, boulevard Joseph II, L-1840 Luxembourg, le 18 mars 2010 à 14.00 heures, pour

délibérer sur l'ordre du jour conçu comme suit:

Ordre du jour:

1. Report de la date de l'Assemblée Générale Ordinaire au 18 mars 2010
2. Présentation des comptes annuels, du rapport du conseil d'administration et du rapport du commissaire aux comp-

tes pour l'exercice clos au 30 septembre 2009

3. Approbation des comptes annuels au 30 septembre 2009 et affectation du résultat
4. Décharge à donner aux administrateurs et au commissaire aux comptes
5. Nominations statutaires
6. Divers

Le Conseil d'administration.

Référence de publication: 2010020873/19.

Aurea Finance Company, Société Anonyme.

Siège social: L-7307 Steinsel, 50, rue Basse.

R.C.S. Luxembourg B 47.028.

L'ASSEMBLEE GENERALE ORDINAIRE

des actionnaires d'Aurea Finance Company se tiendra le vendredi 19 mars 2010 à 16.00 heures au siège de la société,

50, rue Basse à Steinsel avec l'ordre du jour suivant:

Ordre du jour:

1. Rapport du Conseil d'Administration sur l'exercice écoulé.
2. Rapport du Réviseur d'Entreprises sur les comptes arrêtés au 31 décembre 2009.
3. Approbation des comptes arrêtés au 31 décembre 2009 et quitus aux administrateurs pour leur gestion.
4. Répartition du bénéfice net distribuable.
5. Election des administrateurs pour une période s'écoulant de la date de cette assemblée jusqu'à l'assemblée générale

annuelle statuant sur les comptes arrêtés au 31 décembre 2010.

6. Divers.

Les actionnaires ayant l'intention d'assister à cette assemblée sont priés de bien vouloir en aviser la société par lettre,

télécopie ou téléphone au moins une heure avant l'ouverture de ladite assemblée.

Signature.

Référence de publication: 2010017857/1593/20.

Freo Germany II Partners (SCA) SICAR, Société en Commandite par Actions sous la forme d'une Société

d'Investissement en Capital à Risque.

Siège social: L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 123.906.

The shareholders are hereby convened to the

ORDINARY SHAREHOLDERS' MEETING

and immediately after the holding of the first assembly to the

EXTRAORDINARY SHAREHOLDERS' MEETING

which will be held on Tuesday, the 9

th

of March 2010 at 2.00 a.m. at the registered office, with the following agendas:

Agenda of the Ordinary Shareholders' Meeting:

1. Extension of the investment period by one year to end on 29 June 2011 instead of 29 June 2010; and
2. Reduction of the management fee payable on the undrawn commitments during the one year prolongation period

of the investment period (29.06.2010 to 29.06.2011) of the undrawn commitments by 20%; the management fee
payable on drawn commitments remains unchanged.

20499

Agenda the Extraordinary Shareholders' Meeting

1. Extension of the duration of the Partnership by six months to end five years and six months after the final closing

date instead of five years after the final closing date, i.e. the ending of the Partnership on 29 December 2013 instead
of 29 June 2013 with the initial fund extension period option consequently reduced to six months and the second
fund extension period option remaining at 12 months (18 months in total remaining); and

2. Subsequent amendment of article 5 of the articles of association of the Partnership which shall be read as follows:

" Art. 5. Duration.
The Partnership has been formed for a limited duration of five years from the Final Closing Date, unless extended
for up to two additional years by resolution of the General Meeting with a quorum of 50 per cent. of the Shares
issued and outstanding and a positive vote of at least seventy-five per cent. of the votes validly cast."

The board of directors.

Référence de publication: 2010020905/29/28.

ARP Group S.A.H., Société Anonyme Holding.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 117.807.

Les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu le 18 mars 2010 à 17.30 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2010021643/795/15.

Audiolux, Société Anonyme.

Siège social: L-3372 Leudelange, 12, rue Léon Laval.

R.C.S. Luxembourg B 27.301.

Les actionnaires de la société anonyme AUDIOLUX sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui aura lieu jeudi, le 18 mars 2010 à 11.00 heures, au siège social, 12, rue Léon Laval à Leudelange, à l'effet de délibérer

sur les points suivants:

Ordre du jour:

1. Lecture du rapport de gestion de l'exercice clôturé au 31 décembre 2009
2. Lecture du rapport du réviseur d'entreprises
3. Approbation des comptes de l'exercice clôturé au 31 décembre 2009
4. Affectation du résultat
5. Décharge aux administrateurs
6. Nominations statutaires
7. Désignation du réviseur d'entreprises
8. Rémunération pour les administrateurs
9. Autorisation pour la société d'acquérir ses propres actions

10. Divers

Les actionnaires qui désirent assister à cette assemblée doivent, conformément à l'article 9 des statuts, déposer leurs

titres pour vendredi, le 12 mars 2010 au plus tard, auprès de la Banque et Caisse d'Epargne de l'Etat ou de la Dexia Banque
Internationale à Luxembourg.

Les actionnaires peuvent se faire représenter dans les conditions déterminées par l'article 9 des statuts; les procurations

doivent être déposées auprès des mêmes banques lundi, le 15 mars 2010 au plus tard.

Pour le Conseil d'administration
François TESCH
Président

Référence de publication: 2010021644/6583/29.

20500

UBS Multi Manager Access II, Société d'Investissement à Capital Variable.

Siège social: L-1855 Luxembourg, 33A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 129.748.

The shareholders of UBS Multi Manager Access II (the "Sicav") are hereby informed that the FIRST EXTRAORDINARY

GENERAL MEETING of the Sicav (the "First Meeting") held on February 22, 2010 was not quorate and did not validly
deliberate on the proposed Agenda items. The shareholders of the Sicav are hereby convened to attend a

SECOND EXTRAORDINARY GENERAL MEETING

of the Sicav (the "Second Meeting"), which will be held at the registered office of the Sicav at 33a avenue J.F. Kennedy,

Luxembourg on March 31, 2010 at 02:00 p.m. with the following agenda:

Agenda:

1. Amendment of Article 7 (General Meetings), paragraph 4 of the Articles of Association as follows: "Der Verwal-

tungsrat behält sich das Recht vor, jederzeit und ohne vorherige Mitteilung die Ausgabe von Aktien von einem/r,
mehreren oder allen Teilfonds und Aktienklassen auszusetzen. Zahlungen auf nicht ausgeführte Zeichnungsanträge
wird die Depotbank in solchen Fällen unverzüglich zurück erstatten."

2. Miscellaneous

The text of the proposed consolidated Articles of Incorporation of the Sicav is available free of charge, upon request,

at its the registered office.

In order to deliberate validly on the item of the agenda, at least 50% of all outstanding shares must be represented at

the Meeting, and a decision in favour of the items of the agenda shall be approved by shareholders holding at least 2/3 of
the shares represented at the Meeting.

In the event that the quorum of 50% is not reached, a second extraordinary general meeting of the shareholders will

be convened where no quorum will be required and the items of the agenda may be approved by the shareholders holding
at least 2/3 of the shares represented at the Meeting.

NOTES:

Holders of bearer shares may vote at the Meeting:
- in person by producing at the Meeting a certificate of deposit issued by the Custodian Bank, UBS (Luxembourg) S.A,

which will be issued to them against deposit of their share certificates. The share certificates must be deposited with UBS
(Luxembourg) S.A. at the latest on March 25, 2010.

- by proxy by completing the form of proxy which will be made available to them against deposit of share certificates

aforesaid. The proxies must be sent to UBS Fund Services (Luxembourg) S.A., 33A avenue J.F. Kennedy, L-2010 Luxem-
bourg and have to be in the possession of UBS Multi Manager Access II c/o UBS Fund Services (Luxembourg) S.A. at the
latest on March 25, 2010.

Share certificates so deposited will be retained until the day after the Meeting or any adjournment thereof has been

concluded.

Luxembourg, February 15, 2010

The Board of Directors.

Référence de publication: 2010021645/755/39.

Diversified Dynamic Strategies, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement

Spécialisé.

Siège social: L-1445 Strassen, 4, rue Thomas Edison.

R.C.S. Luxembourg B 132.416.

Die Aktionäre der Diversified Dynamic Strategies werden hiermit zu einer

ORDENTLICHEN GENERALVERSAMMLUNG

der Aktionäre eingeladen, die am 10. März 2010 um 11.00 Uhr in 4, rue Thomas Edison, L-1445 Luxemburg-Strassen

mit folgender Tagesordnung abgehalten wird:

Tagesordnung:

1. Bericht des Verwaltungsrates und des Wirtschaftsprüfers
2. Billigung der Bilanz zum 30. September 2009 sowie der Gewinn- und Verlustrechnung für das am 30. September

2009 abgelaufene Geschäftsjahr

3. Entlastung der Verwaltungsratsmitglieder
4. Wahl oder Wiederwahl der Verwaltungsratsmitglieder und des Wirtschaftsprüfers bis zur nächsten Ordentlichen

Generalversammlung

20501

5. Verwendung der Erträge
6. Verschiedenes
Die Punkte auf der Tagesordnung unterliegen keiner Anwesenheitsbedingung und die Beschlüsse werden durch die

einfache Mehrheit der anwesenden oder vertretenen Aktionäre gefasst.

Aktionäre, die ihren Aktienbestand in einem Depot bei einer Bank unterhalten, werden gebeten, ihre Depotbank mit

der Übersendung einer Depotbestandsbescheinigung, die bestätigt, dass die Aktien bis nach der Generalversammlung
gesperrt gehalten werden, an die Gesellschaft zu beauftragen. Die Depotbestandsbescheinigung muss der Gesellschaft
fünf Tage vor der Generalversammlung vorliegen.

Entsprechende Vertretungsvollmachten können bei der Zentralverwaltungsstelle der Diversified Dynamic Strategies

(DZ BANK International S.A.) unter der Telefonnummer 00352 / 44 903 - 4025 oder unter der Fax-Nummer 00352 /
44 903 - 4009 angefordert werden.

Luxemburg, im Februar 2010.

Der Verwaltungsrat.

Référence de publication: 2010018499/755/30.

SAGRAL (Société Agricole des Grands Lacs) S.A., Société Anonyme.

Siège social: L-2535 Luxembourg, 20, boulevard Emmanuel Servais.

R.C.S. Luxembourg B 42.973.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 9 mars 2010 à 15.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2009;

2. approbation des comptes annuels au 31 décembre 2009;
3. affectation des résultats au 31 décembre 2009;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. nomination des Administrateurs et du Commissaire aux Comptes;
7. divers.

Le Conseil d'Administration.

Référence de publication: 2010016688/10/19.

Intel Holding S.A., Société Anonyme Holding.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 35.509.

Les actionnaires et porteurs de parts de fondateur sont convoqués par le présent avis à

l'ASSEMBLÉE GÉNÉRALE STATUTAIRE

qui aura lieu le 10 mars 2010 à 9:00 heures au siège social,

Ordre du jour:

1. Rapport de gestion du Conseil d'Administration et rapport du Commissaire
2. Approbation des comptes annuels et affectation des résultats au 31 octobre 2009
3. Décharge aux Administrateurs et au Commissaire
4. Divers

Le Conseil d'Administration.

Référence de publication: 2010018490/795/15.

Parmeria, Société Anonyme Holding.

Siège social: L-2227 Luxembourg, 23, avenue de la Porte-Neuve.

R.C.S. Luxembourg B 5.391.

Mesdames et Messieurs les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le jeudi 11 mars 2010 à 15.00 heures au siège social avec pour

20502

Ordre du jour:

- Rapport de gestion du Conseil d'Administration,
- Rapport du Commissaire aux comptes,
- Approbation des comptes annuels au 31 décembre 2009 et affectation des résultats,
- Quitus à donner aux Administrateurs et au Commissaire aux Comptes,
- Nominations statutaires,
- Fixation des émoluments du Commissaire aux Comptes.

Pour assister ou être représentés à cette Assemblée, Mesdames et Messieurs les actionnaires sont priés de déposer

leurs titres cinq jours francs avant l'Assemblée au siège social.

Le Conseil d'Administration.

Référence de publication: 2010018144/755/19.

'SOMALUX' Société de Matériel Luxembourgeoise S.A., Société Anonyme Holding.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 4.523.

Les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui se tiendra le 9 mars 2010 à 15:00 heures au siège social, afin de délibérer sur l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2010018491/795/15.

Unifida Holding S.A., Société Anonyme Holding.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 20.035.

Les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu le 9 mars 2010 à 14:00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2010018492/795/15.

LF Open Waters OP, Société d'Investissement à Capital Variable.

Siège social: L-2180 Luxembourg, 4, rue Jean Monnet.

R.C.S. Luxembourg B 122.218.

Gemäß Art. 11 ff. der Statuten laden wir die Aktionäre zur

ORDENTLICHEN JÄHRLICHEN HAUPTVERSAMMLUNG

ein, die am 9. März 2010 um 16.00 Uhr am Sitz der Gesellschaft, 4, rue Jean Monnet, stattfinden wird.

Tagesordnung:

1. Bericht des Verwaltungsrats und Wirtschaftsprüfers über das am 30. September 2009 abgelaufene Geschäftsjahr.
2. Genehmigung der Bilanz zum 30. September 2009 samt GuV und Anhang sowie Beschlussfassung über die Ge-

winnverwendung.

3. Beschlussfassung über die Vergütung der Mitglieder des Verwaltungsrats.
4. Entlastung der Mitglieder des Verwaltungsrats für ihre Tätigkeit im abgelaufenen Geschäftsjahr.

20503

5. Verlängerung des Mandats des Wirtschaftsprüfers.
6. Situation des Fonds und Ausblick auf die Zukunft.
7. Verschiedenes.
Zur Teilnahme an der ordentlichen Hauptversammlung sowie zur Ausübung des Stimmrechts sind diejenigen Aktionäre

berechtigt, die bis spätestens fünf Tage vor der Versammlung die Depotbestätigung eines Kreditinstituts bei der Gesell-
schaft einreichen, aus der hervorgeht, daß die Aktien bis zur Beendigung der Hauptversammlung hinterlegt worden sind.
Aktionäre können sich auch von einer Person vertreten lassen, die hierzu schriftlich bevollmächtigt ist. Die Vollmachten
müssen wenigstens fünf Tage vor der Versammlung am Sitz der Gesellschaft hinterlegt werden. Hinsichtlich der Anwe-
senheit einer Mindestanzahl von Aktionären gelten die gesetzlichen Bestimmungen. Die Aktionäre treffen ihre Entschei-
dungen durch die einfache Mehrheit der anwesenden und mitstimmenden Aktionäre.

Luxemburg, im Februar 2010.

Der Verwaltungsrat .

Référence de publication: 2010018700/1999/26.

Vista S.A., Société Anonyme Holding.

Siège social: L-2311 Luxembourg, 3, avenue Pasteur.

R.C.S. Luxembourg B 54.810.

Le Conseil d'Administration a l'honneur de convoquer Messieurs les actionnaires par le présent avis, à

l'ASSEMBLEE GENERALE ORDINAIRE

qui aura lieu le 8 mars 2010 à 11.00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des rapports du Conseil d'Administration et du Commissaire aux Comptes.
2. Approbation du bilan et du compte de profits et pertes au 30 novembre 2009, et affectation du résultat.
3. Décharge à donner aux Administrateurs et au Commissaire aux Comptes pour l'exercice de leur mandat au 30

novembre 2009.

4. Divers.

LE CONSEIL D'ADMINISTRATION.

Référence de publication: 2010018703/1023/16.

Aderland Holding S.A., Société Anonyme Holding.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 27.556.

Les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu le 8 mars 2010 à 11:00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

1. Rapport de gestion du Conseil d'Administration et rapport du Commissaire
2. Approbation des comptes annuels et affectation des résultats au 31 décembre 2009
3. Ratification de la cooptation d'un administrateur
4. Décharge aux Administrateurs et au Commissaire
5. Divers.

Le Conseil d'Administration.

Référence de publication: 2010018489/795/16.

Frisia Return, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement Spécialisé.

Siège social: L-1445 Strassen, 4, rue Thomas Edison.

R.C.S. Luxembourg B 132.417.

Die Aktionäre der Frisia Return werden hiermit zu einer

ORDENTLICHEN GENERALVERSAMMLUNG

der Aktionäre eingeladen, die am 10. März 2010 um 11.00 Uhr in 4, rue Thomas Edison, L-1445 Luxemburg-Strassen

mit folgender Tagesordnung abgehalten wird:

Tagesordnung:

1. Bericht des Verwaltungsrates und des Wirtschaftsprüfers

20504

2. Billigung der Bilanz zum 30. September 2009 sowie der Gewinn- und Verlustrechnung für das am 30. September

2009 abgelaufene Geschäftsjahr

3. Entlastung der Verwaltungsratsmitglieder
4. Wahl oder Wiederwahl der Verwaltungsratsmitglieder und des Wirtschaftsprüfers bis zur nächsten Ordentlichen

Generalversammlung

5. Verwendung der Erträge
6. Verschiedenes
Die Punkte auf der Tagesordnung unterliegen keiner Anwesenheitsbedingung und die Beschlüsse werden durch die

einfache Mehrheit der anwesenden oder vertretenen Aktionäre gefasst.

Aktionäre, die ihren Aktienbestand in einem Depot bei einer Bank unterhalten, werden gebeten, ihre Depotbank mit

Entsprechende Vertretungsvollmachten können bei der Zentralverwaltungsstelle der Frisia Return (DZ BANK Inter-

national S.A.) unter der Telefonnummer 00352 / 44 903 - 4025 oder unter der Fax-Nummer 00352 / 44 903 - 4009
angefordert werden.

Luxemburg, im Februar 2010.

Der Verwaltungsrat.

Référence de publication: 2010018502/755/29.

Damode-MG S.A., SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-2311 Luxembourg, 3, avenue Pasteur.

R.C.S. Luxembourg B 83.721.

Nous avons l'honneur de vous faire parvenir, en annexe le texte de la convocation à

l'ASSEMBLEE GENERALE ORDINAIRE

qui aura lieu le 9 mars 2010 à 15.00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des rapports du Conseil d'Administration et du Commissaire aux Comptes.
2. Approbation du bilan et du compte de profits et pertes au 31 décembre 2009, et affectation du résultat.
3. Décharge à donner aux Administrateurs et au Commissaire aux Comptes pour l'exercice de leur mandat au 31

décembre 2009.

4. Décision sur la continuation de l'activité de la société en relation avec l'article 100 de la législation des sociétés.
5. Divers.

LE CONSEIL D'ADMINISTRATION.

Référence de publication: 2010018702/1023/17.

Vicus S.A., Société Anonyme.

Siège social: L-5540 Remich, 18, rue de la Gare.

R.C.S. Luxembourg B 75.781.

Die Aktionäre sind hiermit einberufen zu einer

ORDENTLICHEN GENERALVERSAMMLUNG

der Gesellschaft, welche ausserordentlich in L-2419 Luxemburg, 3, rue du Fort Rheinsheim, am 8. März 2010 um 10.00

Uhr mit folgender Tagesordnung abgehalten wird:

Tagesordnung:

1. Beschluss gemäß Artikel 59 des Luxemburger Gesetzes vom 10. August 1915 über Handelsgesellschaften bezüglich

der Einreichung einer Klage gegen das frühere Verwaltungsratmitglied M. PAQUET.

2. Verschiedenes.

Für die Gesellschaft
Der Verwaltungsrat

Référence de publication: 2010017853/317/16.

20505

Domanial S.A., Société Anonyme Holding.

Siège social: L-2227 Luxembourg, 23, avenue de la Porte-Neuve.

R.C.S. Luxembourg B 41.966.

Mesdames et Messieurs les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le mercredi 10 mars 2010 à 16.00 heures au siège social avec pour

Ordre du jour:

- Lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes.
- Approbation des comptes annuels au 31 décembre 2009 et affectation des résultats.
- Quitus à donner aux Administrateurs et au Commissaire aux Comptes.
- Nominations statutaires.
- Fixation des émoluments du Commissaire aux Comptes.

Pour assister ou être représentés à cette Assemblée, Mesdames et Messieurs les actionnaires sont priés de déposer

leurs titres cinq jours francs avant l'Assemblée au siège social.

Le Conseil d'Administration.

Référence de publication: 2010018146/755/18.

Rail Investment Company S.A., Société Anonyme.

Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.

R.C.S. Luxembourg B 142.907.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 9 mars 2010 à 16.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2009;

Le Conseil d'Administration.

Référence de publication: 2010016689/10/18.

H&S Global, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement Spécialisé.

Siège social: L-1445 Strassen, 4, rue Thomas Edison.

R.C.S. Luxembourg B 132.419.

Die Aktionäre der H&S Global werden hiermit zu einer

ORDENTLICHEN GENERALVERSAMMLUNG

der Aktionäre eingeladen, die am 10. März 2010 um 11.00 Uhr in 4, rue Thomas Edison, L-1445 Luxemburg-Strassen

mit folgender Tagesordnung abgehalten wird:

Tagesordnung:

1. Bericht des Verwaltungsrates und des Wirtschaftsprüfers
2. Billigung der Bilanz zum 30. September 2009 sowie der Gewinn- und Verlustrechnung für das am 30. September

2009 abgelaufene Geschäftsjahr

3. Entlastung der Verwaltungsratsmitglieder
4. Wahl oder Wiederwahl der Verwaltungsratsmitglieder und des Wirtschaftsprüfers bis zur nächsten Ordentlichen

Generalversammlung

5. Verwendung der Erträge
6. Verschiedenes
Die Punkte auf der Tagesordnung unterliegen keiner Anwesenheitsbedingung und die Beschlüsse werden durch die

einfache Mehrheit der anwesenden oder vertretenen Aktionäre gefasst.

20506

Aktionäre, die ihren Aktienbestand in einem Depot bei einer Bank unterhalten, werden gebeten, ihre Depotbank mit

Entsprechende Vertretungsvollmachten können bei der Zentralverwaltungsstelle der H&S Global (DZ BANK Inter-

national S.A.) unter der Telefonnummer 00352 / 44 903 - 4025 oder unter der Fax-Nummer 00352 / 44 903 - 4009
angefordert werden.

Luxemburg, im Februar 2010.

Der Verwaltungsrat.

Référence de publication: 2010018504/755/29.

Gyges, Société d'Investissement à Capital Variable.

Siège social: L-2449 Luxembourg, 14, boulevard Royal.

R.C.S. Luxembourg B 24.007.

Le Conseil d'Administration a l'honneur de convoquer les Actionnaires de la Sicav GYGES, à

l'ASSEMBLEE GENERALE EXTRAORDINAIRE

qui se tiendra le 9 mars 2010 à 10.00 heures au siège social, afin de délibérer sur l'ordre du jour suivant:

Ordre du jour:

1. Décision de dissolution et de mise en liquidation de la société.
2. Désignation du liquidateur MAZARS, représenté par Monsieur Laurent DECAEN, détermination de ses pouvoirs

et fixation de sa rémunération.

Le calcul de la Valeur Nette d'Inventaire, qui tiendra compte des frais de liquidation provisionnés, sera suspendu à

partir du 17 février 2010. Il en sera de même pour les souscriptions, rachats et conversions des actions.

L'Assemblée ne délibérera valablement que si la moitié au moins du capital est présente ou représentée. Les résolutions,

pour être valables, doivent réunir les deux tiers au moins des voix exprimées. Des procurations sont disponibles au siège
social de la Sicav.

Les Actionnaires en nom seront admis sur justification de leur identité, à condition d'avoir, au moins cinq jours francs

avant l'Assemblée, informé le Conseil d'Administration (fax: +352 49 924 2501) de leur intention d'assister à l'Assemblée.

Référence de publication: 2010018145/755/20.

Value Portfolio, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement Spécialisé.

Siège social: L-1445 Strassen, 4, rue Thomas Edison.

R.C.S. Luxembourg B 132.415.

Die Aktionäre der Value Portfolio werden hiermit zu einer

ORDENTLICHEN GENERALVERSAMMLUNG

der Aktionäre eingeladen, die am 10. März 2010 um 11.00 Uhr in 4, rue Thomas Edison, L-1445 Luxemburg-Strassen

mit folgender Tagesordnung abgehalten wird:

Tagesordnung:

1. Bericht des Verwaltungsrates und des Wirtschaftsprüfers
2. Billigung der Bilanz zum 30. September 2009 sowie der Gewinn- und Verlustrechnung für das am 30. September

2009 abgelaufene Geschäftsjahr

3. Entlastung der Verwaltungsratsmitglieder
4. Wahl oder Wiederwahl der Verwaltungsratsmitglieder und des Wirtschaftsprüfers bis zur nächsten Ordentlichen

Generalversammlung

5. Verwendung der Erträge
6. Verschiedenes
Die Punkte auf der Tagesordnung unterliegen keiner Anwesenheitsbedingung und die Beschlüsse werden durch die

einfache Mehrheit der anwesenden oder vertretenen Aktionäre gefasst.

Aktionäre, die ihren Aktienbestand in einem Depot bei einer Bank unterhalten, werden gebeten, ihre Depotbank mit

20507

Entsprechende Vertretungsvollmachten können bei der Zentralverwaltungsstelle der Value Portfolio (DZ BANK In-

ternational S.A.) unter der Telefonnummer 00352 / 44 903 - 4025 oder unter der Fax-Nummer 00352 / 44 903 - 4009
angefordert werden.

Luxemburg, im Februar 2010.

Der Verwaltungsrat.

Référence de publication: 2010018507/755/29.

Vermögenswachstum Global, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement

Spécialisé.

Siège social: L-1445 Strassen, 4, rue Thomas Edison.

R.C.S. Luxembourg B 132.418.

Die Aktionäre der Vermögenswachstum Global werden hiermit zu einer

ORDENTLICHEN GENERALVERSAMMLUNG

der Aktionäre eingeladen, die am 10. März 2010 um 11.00 Uhr in 4, rue Thomas Edison, L-1445 Luxemburg-Strassen

mit folgender Tagesordnung abgehalten wird:

Tagesordnung:

1. Bericht des Verwaltungsrates und des Wirtschaftsprüfers
2. Billigung der Bilanz zum 30. September 2009 sowie der Gewinn- und Verlustrechnung für das am 30. September

2009 abgelaufene Geschäftsjahr

3. Entlastung der Verwaltungsratsmitglieder
4. Wahl oder Wiederwahl der Verwaltungsratsmitglieder und des Wirtschaftsprüfers bis zur nächsten Ordentlichen

Generalversammlung

5. Verwendung der Erträge
6. Verschiedenes
Die Punkte auf der Tagesordnung unterliegen keiner Anwesenheitsbedingung und die Beschlüsse werden durch die

einfache Mehrheit der anwesenden oder vertretenen Aktionäre gefasst.

Aktionäre, die ihren Aktienbestand in einem Depot bei einer Bank unterhalten, werden gebeten, ihre Depotbank mit

Entsprechende Vertretungsvollmachten können bei der Zentralverwaltungsstelle der Vermögenswachstum Global

(DZ BANK International S.A.) unter der Telefonnummer 00352 / 44 903 - 4025 oder unter der Fax-Nummer 00352 /
44 903 - 4009 angefordert werden.

Luxemburg, im Februar 2010.

Der Verwaltungsrat.

Référence de publication: 2010018511/755/30.

Gazprombank Mortgage Funding 1 S.A., Société Anonyme.

Siège social: L-2520 Luxembourg, 1, allée Scheffer.

R.C.S. Luxembourg B 119.638.

Les décisions suivantes ont été approuvées et ratifiées par le conseil d'administration de la Société qui s'est tenu en

son siège en date du 4 janvier 2010:

- fin du mandat de Ernst & Young S.A. en tant que réviseur d'entreprise avec effet au 2 novembre 2009; et
- nomination de KPMG Audit S.à r.l., société à responsabilité limitée au capital social de EUR 25,000, ayant son siège

social au 9, Allée Scheffer, L-2520 Luxembourg, inscrite au Registre de Commerce et des Sociétés à Luxembourg sous
le numéro B103590, en tant que réviseur d'entreprise de la Société avec effet rétroactif au 2 novembre 2009. Son mandat
prendra fin à l'issue de l'assemblée générale annuelle des actionnaires qui se tiendra en 2012.

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

Luxembourg, le 12 janvier 2010.

Pour la société
Jorge Pérez Lozano / Robert Jan Schol
Administrateur / Administrateur

Référence de publication: 2010018911/19.
(100013580) Déposé au registre de commerce et des sociétés de Luxembourg, le 27 janvier 2010.

20508

Venti S.A., Société Anonyme.

Siège social: L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 150.635.

In the year two thousand and ten, the twenty-ninth day of January.
Before Maître Henri Hellinckx, notary residing in Luxembourg, Grand Duchy of Luxembourg.

Was held an extraordinary general meeting (the Meeting) of the sole shareholder of Venti S.A., a Luxembourg public

limited liability company (société anonyme) with registered office at 65, Boulevard Grande Duchesse Charlotte, L-1331
Luxembourg, and registered with the Luxembourg Trade and Companies Register under the number B 150.635 (the
Company). The Company was incorporated on 24 December 2009 pursuant to a deed of Maître Henri Hellinckx, pren-
amed, published in the Mémorial C, Recueil des Sociétés et Associations - N° 133 of 22 January 2010.

The Meeting is chaired by Emmanuel LAMAUD, lawyer, residing professionally in Luxembourg (the Chairman). The

Chairman appoints Mrs Solange Wolter, private employee, residing professionally in Luxembourg, as secretary of the
Meeting (the Secretary). The Meeting elects Mrs Arlette Siebenaler, private employee, residing professionally in Luxem-
bourg as scrutineer of the Meeting (the Scrutineer). The Chairman, the Secretary and the Scrutineer are collectively
referred to hereafter as the Bureau.

The sole shareholder of the Company (the Sole Shareholder) represented at the Meeting and the number of shares

it holds are indicated on an attendance list which will remain attached to the present minutes after having been signed by
the representative of the Sole Shareholder and the members of the Bureau.

The proxy from the Sole Shareholder represented at the Meeting, after having been signed ne varietur by the proxy-

holder and the undersigned notary, shall also remain attached to the present deed to be filed at the same time with the
registration authorities.

The Bureau having thus been constituted, the Chairman requests the notary to record that:
I. it appears from an attendance list established and certified by the members of the Bureau that all of the 31,000 (thirty-

one thousand) shares with a nominal value of EUR 1 (one Euro) each representing the entirety of the subscribed share
capital of the Company of EUR 31,000 (thirty-one thousand Euro) are duly represented at the Meeting, which is conse-
quently regularly constituted and may deliberate upon the items on the agenda, here under reproduced;

II. that the agenda of the Meeting is worded as follows:
1. waiver of the convening notice;
2. splitting and converting the 31,000 shares in the share capital issued capital of the Company having a nominal value

of EUR 1 each into 149,999,999 (one hundred and forty nine million nine hundred and ninety nine thousand nine hundred
and ninety nine) shares without nominal value;

3. setting of the authorised capital of the Company at EUR 3,000,000,000 (three billion Euro), and granting to the sole

director of the Company, or the board of directors of the Company, as the case may be, the authority to issue shares
and instruments convertible into or exchangeable for shares within the limits of the authorised capital, and to limit or
cancel the preferential subscription right of shareholders in connection with any issue of shares within the limit of the
authorised capital;

4. amendment, renumbering and restatement of the articles of association of the Company in their entirety (the

Articles), including article 5 which shall read as follows:

" Art. 5. Corporate Objects
5.1 The corporate objects of the Company are (i) the acquisition, holding and disposal, in any form, by any means,

whether directly or indirectly, of participations, rights and interests in, and obligations of, Luxembourg and foreign com-
panies, (ii) the acquisition by purchase, subscription, or in any other manner, as well as the transfer by sale, exchange or
in any other manner of stock, bonds, debentures, notes and other securities or financial instruments of any kind (including
notes or parts or units issued by Luxembourg or foreign mutual funds or similar undertakings) and receivables, claims or
loans or other credit facilities and agreements or contracts relating thereto, and (iii) the ownership, administration,
development and management of a portfolio of assets (including, among other things, the assets referred to in (i) and (ii)
above).

5.2 The Company may borrow monies in any form. It may enter into any type of loan agreements and it may issue

notes, bonds, debentures, certificates, shares, beneficiary parts, warrants and any kind of debt or equity securities including
under one or more issuance programmes. The Company may lend funds including the proceeds of any borrowings and/
or issues of securities to its Subsidiaries, Affiliates or to any other Person.

5.3 The Company may also give guarantees and grant security in favour of third parties to secure its obligations or the

obligations of its Subsidiaries, Affiliates or any other Person. The Company may further pledge, transfer, encumber or
otherwise create security over some or all of its assets.

5.4 The Company may enter into, execute and deliver and perform any swaps, futures, forwards, derivatives, options,

repurchase, stock lending and similar transactions. The Company may generally employ any techniques and instruments

20509

relating to investments for the purpose of their efficient management, including, but not limited to, techniques and ins-
truments designed to protect it against credit, currency exchange, interest rate risks and other risks.

5.5 The descriptions above are to be understood in their broadest sense and their enumeration is not limited. The

corporate objects shall include any transaction or agreement which is entered into by the Company, provided it is not
inconsistent with the foregoing enumerated objects.

5.6 In general, the Company may take any controlling and supervisory measures and carry out any operation or

transaction which it considers necessary or useful in the accomplishment and development of its corporate objects.

5.7 The Company may carry out any commercial, industrial, financial, personal, and real estate operations, which are

directly or indirectly connected with its corporate objects or which may favour its development.";

5. granting of authority; and
6. miscellaneous.
III. that after deliberation the Meeting has taken the following resolutions:

First resolution

The entirety of the share capital of the Company being represented at the present Meeting, the Meeting waives the

convening notice, the sole shareholder of the Company represented at the Meeting considering itself as duly convened
and declaring having perfect knowledge of the agenda which has been communicated to it in advance.

Second resolution

The Meeting resolves to split the existing 31,000 (thirty-one thousand) shares of the Company, having a nominal value

of EUR 1 (one Euro) each, all of which are held by the Sole Shareholder, into 149,999,999 (one hundred and forty nine
million nine hundred and ninety nine thousand nine hundred and ninety nine) shares without nominal value.

As a consequence, the Meeting resolves that article 6.1 of the Articles shall read as set forth in the fourth resolution

below.

Third resolution

The Meeting resolves to fix the authorised capital of the Company at EUR 3,000,000,000 (three billion Euro) and to

authorise and empower the board of directors of the Company (the Board), or the sole director as the case may be, to
increase the Company's subscribed share capital and to issue instruments convertible into or exchangeable for shares of
the Company within the limits of the authorised share capital, and to limit or cancel the preferential subscription rights
of shareholders in respect thereof, as set out in article 6.2 through 6.9 of the amended and restated Articles in the fourth
resolution below.

The Meeting hears the report of the Board drawn up in accordance with the terms of article 32-3 (5) of the amended

law of 10 August 1915 on commercial companies, which has been read by the Chairman to the Meeting regarding the
authorization granted to the Board referred to in the first paragraph of this third resolution, a copy of which having been
tabled to the Meeting.

As a consequence, the Meeting resolves that article 6.2 through 6.9 of the Articles shall read as set forth in the fourth

resolution below.

Fourth resolution

The Meeting resolves to amend the Articles. As a consequence of such amendments, the Meeting further resolves to

renumber and restate the Articles in their entirety, and to the extent necessary, to insert or change any headings in the
Articles, so that they shall henceforth read as follows:

"Articles of Association

Art. 1. Definitions.
1.1 In these articles of association:
Affiliate means, with respect to any Person, any other Person directly or indirectly Controlling or Controlled by or

under direct or indirect common Control with such Person;

Articles means the articles of association of the Company;
Associate means, in relation to another Person, a Person who:
(a) is a body corporate of which the other is an officer or director;
(b) is a body corporate that is Controlled by the other or by a group of Persons of which the other is a member or

shareholder;

(c) is a partnership of which the other is a partner; or
(d) is a trust of which the other is a trustee.
In addition, two or more Persons shall be deemed to be Associates of each other if they are (w) Controlled by the

same person, (x) members of a voting trust that relates to voting shares of the Company, (y) parties to an agreement or
arrangement the purpose of which is to require them to act in concert with respect to their interests, direct or indirect,

20510

in the Company or are otherwise acting in concert with respect to those interests, or (z) at the same time Associates
(within the meaning of any of the foregoing clauses) of the same Person;

Board means the board of directors of the Company;
Bovespa means the São Paulo Stock Exchange (BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros);
Chairman has the meaning given to such term in article 15.1 below;
Companies Act means the law on commercial companies dated 10 August 1915, as amended;
Company means Venti S.A.;
Consenting Shareholders has the meaning given to such term in article 29.1 below;
Control, as used with respect to the Company or to any Person, shall mean, except as otherwise expressly indicated

in these Articles, the direct (but not indirect) power to direct or cause the direction of the business, management or
policies of the Company or such Person, whether through the ownership of voting securities, by agreement or otherwise;
provided, however, that the direct (but not indirect) ownership of shares or other Securities representing more than
50% of the voting rights in the Company or such Person shall be deemed to be Control. The terms "Controlling,"
"Controlled by" and "under common Control with" shall have meanings correlative to the foregoing;

Controlling Shareholder means a shareholder of the Company who Controls the Company, either alone or together

with one or several Associates;

Delisting Event means following the Offering Date, the adoption by the General Meeting of a resolution to have the

shares or other Securities of the Company delisted from (i) the LSE and/or (ii) the Bovespa in accordance with article
13;

Depositaries has the meaning given to such term in article 7.7 below;
Economic Value means the value of the shares of the Company as determined by an appraisal report prepared by or

at the request of the Board in accordance with one or more of the following criteria, as the Board may in its sole and
absolute discretion consider appropriate in the relevant circumstances: (i) shareholders' equity at book value; (ii) share-
holders' equity at market value; (iii) discounted cash flow; (iv) comparison of multiples; and (v) market price as determined
by the shares' or other Securities' quotation in the relevant securities' market or markets; provided, however, that, in
case of a tender offer pursuant to a Delisting Event, the appraisal report shall be prepared by an independent expert
appointed by the General Meeting (from a list of three experts indicated by the Board) in accordance with the majority
requirements laid out in article 12.7 of these Articles;

Euro MTF means the Euro MTF market, the exchange regulated market operated by the LSE;
Free Float means all shares and Securities issued by the Company, excluding shares and Securities held by any Con-

trolling Shareholder and its Affiliates and shares held by the members of the Board;

General Meeting means the general meeting of shareholders of the Company;
Immediate Family means, with respect to any individual, the spouse, sibling, child, step child, grandchild, niece, nephew

or parent of such individual;

Independent Director means a director of the Company that (i) is not a Controlling Shareholder, or a shareholder

that is an Affiliate or Related Party of a Controlling Shareholder (except if such director is an Independent Director of
the foregoing), or his/her Immediate Family; (ii) is not, and for the three preceding years has not been, an employee or
officer of the Company or its Affiliates (other than as an Independent Director of the Company or of any of its Affiliates)
(iii) is not a vendor of products or services to, or a purchaser of products or services from, the Company whose sales
or purchases are deemed by the Board to be material enough to adversely affect its independence; (iv) is not an employee
or officer of an entity offering services and/or products to the Company or purchasing them from the Company; (v) is
not the Immediate Family of any of the other directors of the Company; (vi) does not receive compensation from the
Company other than as a director of the Company or as an Independent Director of an Affiliate of the Company, and
except for payments related to equity interests held in the Company;

Instruments has the meaning given to such term in article 6.5 below;
Law of 19 December 2002 means the Luxembourg act dated 19 December 2002 on the trade and companies register

and on the accounting and financial accounts of companies, as amended;

LSE means the Luxembourg Stock Exchange (Société de la Bourse de Luxembourg S.A.);
New Controlling Shareholder has the meaning given to such term in article 28.1 below;
Minority Shares has the meaning given to such term in article 29.1 below;
Offering Date means the date on which all or part of the shares or other Securities of the Company are listed on the

Official List of the LSE and/or the Bovespa, and admitted to trading on the Euro MTF and/or the Bovespa;

Person means and includes any individual, corporation, company, limited liability company, voluntary association, part-

nership, limited liability partnership, joint venture, trust, unincorporated organisation or government (including any
political subdivision thereof or any court, administrative or regulatory agency, department, instrumentality, body or com-
mission or other governmental authority or agency);

Related Party means and includes, with respect to any Person, (a) any Affiliate of that Person (other than that Person's

Subsidiaries); (b) any member of the board of directors or similar governing body of that Person and his/her Immediate

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Family; (c) any member of the key management personnel of that Person (i.e., those persons having authority and res-
ponsibility for planning, directing and controlling the activities of that Person) and his/her Immediate Family; and (d) any
Affiliate of any person described in (b) or (c);

Related Party Transaction means any transaction between or among the Company and one or more Related Parties

of the Company;

Securities means shares or any other securities representing shares (including, without limitation, depositary receipts)

of the Company;

Subsidiary means, with respect to any Person, any entity in which such Person or any of its Subsidiaries owns or has

the power to vote more than fifty percent (50%) of the equity interests in such entity having general voting power to
participate in the election of the governing body of such entity;

Sole Director has the meaning given to such term in article 3.1 below;
Sole Shareholder has the meaning given to such term in article 2.2 below.
1.2 In these Articles, unless the context otherwise requires,
(i) the words "hereof", "herein", and "hereunder" and words of similar import refer to these Articles as a whole and

not to any particular provision of these Articles;

(ii) the definitions contained in these Articles are applicable to the singular as well as the plural forms of such terms

and to the masculine as well as to the feminine and neuter genders of such terms;

(iii) whenever the words "include", "includes" or "including" are used in these Articles they shall be deemed to be

followed by the words "without limitation";

(iv) the terms "day" and "days" mean and refer to calendar day(s);
(v) the terms "year" and "years" mean and refer to calendar year(s);
(vi) the word "or" is inclusive and not exclusive; and
(vii) references to a Person are also to its permitted successors and assigns.

Art. 2. Form and Name.
2.1 The Company's name is "Venti" and is a public limited liability company (société anonyme).
2.2 The Company may have one shareholder (the Sole Shareholder) or more shareholders. The Company will not be

dissolved by the death, suspension of civil rights, insolvency, liquidation or bankruptcy of the Sole Shareholder.

2.3 If the Company has only one shareholder, any reference to the shareholders in the Articles shall be deemed to be

a reference to the Sole Shareholder.

Art. 3. Registered office.
3.1 The registered office of the Company is established in Luxembourg. It may be transferred within the boundaries

of the municipality of Luxembourg by a resolution of the Board or, in the case of a sole director (the Sole Director) by
a decision of the Sole Director.

3.2 Where the Board or, as the case may be, the Sole Director, determines that extraordinary political or military

developments or events have occurred or are imminent and that these developments or events would interfere with the
normal activities of the Company at its registered office, or with the ease of communication between such office and
persons abroad, the registered office may be temporarily transferred abroad until the complete cessation of these ex-
traordinary circumstances. Such temporary measures shall have no effect on the nationality of the Company which,
notwithstanding the temporary transfer of its registered office, will remain a company incorporated in the Grand Duchy
of Luxembourg.

Art. 4. Duration.
4.1 The Company is formed for an unlimited duration.
4.2 The Company may be dissolved, at any time, by a resolution of the General Meeting adopted in the manner required

for amendments of the Articles, as prescribed in article 12.8 below.

Art. 5. Corporate objects.
5.1 The corporate objects of the Company are (i) the acquisition, holding and disposal, in any form, by any means,

5.2 The Company may borrow monies in any form. It may enter into any type of loan agreements and it may issue

notes, bonds, debentures, certificates, shares, beneficiary parts, warrants and any kind of debt or equity securities including

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under one or more issuance programmes. The Company may lend funds including the proceeds of any borrowings and/
or issues of securities to its Subsidiaries, Affiliates or to any other Person.

5.3 The Company may also give guarantees and grant security in favour of third parties to secure its obligations or the

obligations of its Subsidiaries, Affiliates or any other Person. The Company may further pledge, transfer, encumber or
otherwise create security over some or all of its assets.

5.4 The Company may enter into, execute and deliver and perform any swaps, futures, forwards, derivatives, options,

repurchase, stock lending and similar transactions. The Company may generally employ any techniques and instruments
relating to investments for the purpose of their efficient management, including, but not limited to, techniques and ins-
truments designed to protect it against credit, currency exchange, interest rate risks and other risks.

5.5 The descriptions above are to be understood in their broadest sense and their enumeration is not limited. The

corporate objects shall include any transaction or agreement which is entered into by the Company, provided it is not
inconsistent with the foregoing enumerated objects.

5.6 In general, the Company may take any controlling and supervisory measures and carry out any operation or

transaction which it considers necessary or useful in the accomplishment and development of its corporate objects.

5.7 The Company may carry out any commercial, industrial, financial, personal, and real estate operations, which are

directly or indirectly connected with its corporate objects or which may favour its development.

Art. 6. Share capital.
6.1 The issued capital of the Company amounts to EUR 31,000 (thirty-one thousand Euro), and is represented by

149,999,999 (one hundred and forty nine million nine hundred and ninety nine thousand nine hundred and ninety nine)
shares without nominal value and fully paid up.

6.2 The authorised capital of the Company, including the issued share capital, is set at EUR 3,000,000,000 (three billion

Euro).

6.3 The issued capital and the authorised capital of the Company may be increased or reduced by resolution of the

General Meeting adopted in accordance with the requirements for amending the Articles, as prescribed in article 12.8
below.

6.4 The Board or, as the case may be, the Sole Director is authorised and empowered to increase the issued capital

up to the amount of the authorised capital, in whole or in part from time to time, within a period starting on 20 February
2010, and expiring on the fifth anniversary of such date (the date of the fifth anniversary being excluded). The Board or,
as the case may be, the Sole Director is authorised to determine, in its sole and absolute discretion, the conditions of
any such capital increase, including through contribution in cash or in kind, capitalisation of distributable profits and
reserves, including share premium or retained earnings, with or without the issue of new shares, or following the issue
and conversion or exchange of the Instruments (as defined in article 6.5 below), whether the subscription and payment
of the shares as a result of the conversion or exchange of the Instruments is made by way of contribution in cash,
contribution in kind or capitalisation of distributable profits and/or distributable reserves, including share premium or
retained earnings.

6.5 The Board or, as the case may be, the Sole Director is further authorised to issue any convertible bonds, or any

other convertible debt instruments, or any other instrument convertible into or exchangeable for shares, such as warrants
(any such instruments, the Instruments) under any form, under any name and payable in any currency, within a period
starting on 20 February 2010 and expiring on the fifth anniversary of such date (the date of the fifth anniversary being
excluded), it being understood that any issue of Instruments may only be made within the limit of the authorised capital.
The Board or, as the case may be, the Sole Director will set the nature, the price, the interest rate, the conversion or
exchange ratio of the Instruments, the reimbursement conditions and any other conditions relating to the Instruments.
A register of the holders of the Instruments shall be kept at the Company's registered office.

6.6 The Board or, as the case may be, the Sole Director is further authorised to, for a period starting on 20 February

2010 and expiring on the fifth anniversary of such date (the date of the fifth anniversary being excluded), and within the
limits of the authorised capital of the Company, issue shares or Instruments up to an amount of 5% (five per cent) of the
authorised capital of the Company to directors, officers, agents or employees of the Company or its direct or indirect
Subsidiaries to attract, retain and motivate such directors, officers, agents and employees and/or to in whole or in part
link their compensation to the overall performance of the Company; it being understood, for the avoidance of doubt,
that any issuance of shares or Instruments to such directors, officers, agents and employees may only be made by the
Board within the limits set out in this article 6.6. Such shares or Instruments shall be issued by the Board or, as the case
me be, the Sole Director pursuant to the authority granted to the Board or, as the case may be, the Sole Director under
articles 6.4 through 6.8.

6.7 Subject to the provisions of the Companies Act and these Articles, each shareholder shall have a preferential

subscription right in the event of the issue of new shares in return for contributions in cash. Such preferential subscription
right shall be proportional to the fraction of the capital represented by the shares of each shareholder.

The preferential subscription right above referred may be limited or cancelled by a resolution of the General Meeting

adopted in accordance with the requirements for amending the Articles, as prescribed in article 12.8 below.

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The Board or, as the case may be, the Sole Director is authorised to limit or cancel the preferential subscription right

of shareholders in connection with any issue of shares or Instruments within the limit of the authorised capital for a
period starting on 20 February 2010 and expiring on the fifth anniversary of such date (the date of the fifth anniversary
being excluded).

The Board or, as the case may be, the Sole Director is further authorised to limit or cancel the rights of the shareholders

(if any) to be allocated a pro-rata portion of any shares issued by way of capitalisation of distributable profits or reserves,
including share premium or retained earnings, within the limit of the authorised capital, for a period starting on 20 February
2010 and expiring on the fifth anniversary of such date (the date of the fifth anniversary being excluded).

6.8 As a consequence the Board or, as the case may be, the Sole Director is authorised and empowered to:
(i) issue Instruments;
(ii) implement one or more capital increases up to the amount of the authorised capital, by issuing from time to time

new shares to be subscribed and paid up by way of contributions in cash or in kind;

(iii) capitalise the distributable profits and reserves of the Company, including share premium or retained earnings,

with or without the issue of new shares;

(iv) implement capital increases by issuing from time to time new shares resulting from the conversion or exchange

of the Instruments, which may be subscribed and paid by way of contribution in cash, contribution in kind or capitalisation
of distributable profits and reserves, including share premium, retained earnings or any reserve relating to the Instruments;

(v) determine the conditions attaching to any subscription of shares or Instruments, including fixing the place and the

date of the issue or the successive issues of such shares or Instruments, the issue price (with or without a premium), and
the terms and conditions of subscription and payment of such shares or Instruments;

(vi) limit or cancel the preferential subscription right of the shareholders when proceeding to the issue of Instruments

or shares (including any shares issued as a result of the conversion or exchange of Instruments), within the limits set by
the Companies Act and the authorisations conferred in these Articles; and

(vii) abolish or limit the rights of the shareholders (if any) to be allocated a pro-rata portion of any shares issued by

way of capitalisation of distributable profits or reserves, including share premium or retained earnings, within the limit
set by the Companies Act and the authorisations conferred in these Articles.

6.9 Each time the Board or, as the case may be, the Sole Director shall act to render effective an increase of capital,

within the authorised capital, this article 6 shall be amended so as to reflect the result of such action; the Board or, as
the case may be, the Sole Director shall take or authorise any person to take any necessary steps for the purpose of
obtaining execution and publication of such amendment including the recording of such increase and the consequential
amendments of the Articles before a notary.

Art. 7. Shares.
7.1 The shares of the Company shall be in registered form (actions nominatives) and will remain in registered form.
7.2 A register of shares will be kept at the registered office, where it will be available for inspection by any shareholder.

Such register shall set forth the name of each shareholder, its residence or elected domicile, the number of shares held
by it, the amounts paid in on each such share, and the transfer of shares and the dates of such transfers. The ownership
of the shares will be established by the entry in this register.

7.3 Certificates of these entries may be issued to the shareholders and such certificates, if any, will be signed by the

chairman of the Board or by any other two members of the Board or, as the case may be, the Sole Director.

7.4 The Company will recognise only one holder per share. In case a share is held by more than one person, the

Company has the right to suspend the exercise of all rights attached to that share until one person has been appointed
as sole owner in relation to the Company. The same rule shall apply in the case of conflict between an usufruct holder
(usufruitier) and a bare owner (nu-propriétaire) or between a pledgor and a pledgee.

7.5 The Company may redeem its own shares within the limits set forth by law.
7.6 The Company shall consider the Person in whose name registered shares are registered in the register of share-

holder(s) as the full owner of such shares.

7.7 Notwithstanding the provision of article 7.6, where shares are registered in the register of shareholder(s) on behalf

of one or more Persons in the name of a securities settlement system or the operator of such a system or in the name
of a financial institution or other professional depositary of securities or any other depositary (such systems, professionals
or other depositaries being referred to hereinafter as Depositaries) or of a sub-depositary designated by one or more
Depositaries, the Company shall, subject to applicable law and the terms, conditions and limitations of any applicable
deposit or similar agreement, and upon presentation of a certificate from such Depositary or sub-depositary (issued in
accordance with such formal requirements as the Board or, as the case may be, the Sole Director may from time to time
determine) certifying the name of the Person on whose behalf the shares are held and the number of shares recorded in
such Person's account, permit such Person to exercise the rights attaching to those shares, including admission and voting
at General Meetings, and shall consider such Person to be a shareholder for all purposes herein; provided, however, that
(i) holders of Brazilian depositary receipts of the Company shall not be considered as shareholders of the Company and
shall not have any shareholder rights hereunder, but only such rights as are expressly contained in the deposit agreement

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for the Brazilian depositary receipts of the Company; and (ii) the Company will only recognize, pursuant to articles 7.6
and 7.7, the Depositary for the Brazilian depositary receipts (or its custodian or sub-depositary) as the owner of the
shares underlying such Brazilian depositary receipts for all purposes herein.

Notwithstanding the foregoing, the Company will make any and all payments (including any dividend payments and any

other distributions) in respect of shares recorded in the name of a Depositary or sub-depositary, whether in cash, shares
or other assets, only to such Depositary or sub-depositary, or otherwise in accordance with such Depositary's or sub-
depositary's instructions, and that payment shall release the Company from any and all obligations for such payments.

Art. 8. Transfer of shares.
8.1 The transfer of shares registered in the register of shareholder(s) may be effected by a written declaration of

transfer entered in the register of the shareholder(s) of the Company, such declaration of transfer to be executed by the
transferor and the transferee or by persons holding suitable powers of attorney or in accordance with the provisions
applying to the transfer of claims provided for in article 1690 of the Luxembourg civil code.

8.2 The Company may also accept as evidence of transfer other instruments of transfer evidencing the consent of the

transferor and the transferee satisfactory to the Company.

Art. 9. Repurchase of shares.
9.1 The Board, with the faculty to delegate, shall be authorized to make, for a period starting on the Offering Date

and ceasing on the fifth anniversary of such date (the date of the fifth anniversary being excluded), offers to repurchase,
and to subsequently repurchase shares or other Securities of the Company that are issued and outstanding from time to
time in order to perform its obligation to make a tender offer under article 29 of these Articles on the terms and conditions
set out below. This authorisation is granted to the Board pursuant to article 49-2 of the Companies Act.

9.2 The Board shall be authorized to make offers to repurchase shares or other Securities of the Company and to

subsequently repurchase such shares or other Securities issued and outstanding out of the distributable reserves (including
share premium and retained earnings) and profits available to that effect in accordance with article 49-2 of the Companies
Act, provided that, each time offers to repurchase shares of the Company are made, such offers shall apply to the shares
or such other Securities and further provided that:

(i) the repurchase of shares and other Securities shall be made in accordance with the terms of article 29 of these

Articles;

(ii) the number of shares and other Securities that may be repurchased shall not be higher than the number of Minority

Shares (as defined in article 29) issued and outstanding;

(iii) the repurchase shall be made at a price equal to the Economic Value of such shares or other Securities; and
(iv) the tender offer provided in article 29 of these Articles shall be made in accordance with the applicable securities

laws and regulations applicable to the shares or other Securities in each relevant country or, as the case may be, State.

9.4 Once repurchased and for so long as the shares and other Securities are kept in treasury by the Company, the

shares and other Securities shall bear no voting rights and the rights to receive dividends or liquidation proceeds shall be
suspended.

Art. 10. Powers of the General Meeting of the Company.
10.1 If and for so long as the Company has only one shareholder, (i) the Sole Shareholder shall assume all powers

conferred to the General Meeting and (ii) any references in these Articles to decisions taken, or powers exercised, by
the General Meeting shall be deemed to be references to decisions taken, or powers exercised, by the Sole Shareholder.
Decisions taken by the Sole Shareholder shall be documented by way of minutes.

10.2 In the case of a plurality of shareholders, any regularly constituted General Meeting shall represent the entire

body of shareholders of the Company. It shall have the broadest powers to order, carry out or ratify acts relating to all
the operations of the Company.

Art. 11. Annual General Meeting of the shareholders - Other meetings.
11.1 The annual General Meeting shall be held, in accordance with Luxembourg law, in Luxembourg at the address of

the registered office of the Company or at such other place in the municipality of the registered office as may be specified
in the convening notice of the meeting, on the first Wednesday of July of each year at 2.30 pm (Luxembourg time). If such
day is not a business day for banks in Luxembourg, the annual General Meeting shall be held on the next following business
day.

11.2 The annual General Meeting may be held abroad if, in the absolute and final judgment of the Board, exceptional

circumstances so require.

11.3 Other meetings of the shareholders of the Company may be held at such place and time as may be specified in

the respective convening notices of the meeting.

11.4 Any shareholder may participate in a General Meeting by conference call, video conference or similar means of

communications equipment whereby (i) the shareholders attending the meeting can be identified, (ii) all persons partici-
pating in the meeting can hear and speak to each other, (iii) the transmission of the meeting is performed on an on-going

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basis and (iv) the shareholders can properly deliberate, and participating in a meeting by such means shall constitute
presence in person at such meeting.

Art. 12. Notice, Quorum, Convening notices, Powers of Attorney and Vote.
12.1 The notice periods and quorum provided for by law shall govern the notice for, and the conduct of, the General

Meetings, unless otherwise provided herein.

12.2 The Board or, as the case may be, the Sole Director, as well as the statutory auditors, if any, may convene a

General Meeting. They shall be obliged to convene it so that it is held within a period of one month, if shareholders
representing one-tenth of the capital require it in writing, with an indication of the agenda. One or more shareholders
representing together at least one tenth of the subscribed capital may require the entry of one or more items on the
agenda of any General Meeting. This request must be delivered to the Company at least five calendar days before the
relevant General Meeting.

12.3 Convening notices for every General Meeting shall contain the agenda and shall take the form of announcements

published twice, with a minimum interval of eight calendar days and the second convening notice being published not later
than eight calendar days before the relevant meeting, in the Official Journal (Mémorial) and in a Luxembourg newspaper;
provided, however, that following the Offering Date, the notices shall, in addition, be made in accordance with any
applicable publicity requirements of the LSE and the Bovespa.

12.4 Notices by mail shall be sent eight calendar days before the meeting to shareholders registered in the register of

shareholder(s) of the Company.

12.5 Where all the shares are in registered form, the convening notices may be made by registered letters only.
12.6 Each share shall entitle the holder to one vote at any and all General Meetings.
12.7 Except as otherwise required by law or by these Articles, resolutions at a duly convened General Meeting will

be passed by a simple majority of those shareholders present or represented and voting.

12.8 However, resolutions to alter the Articles may only be adopted in a General Meeting where at least one half of

the share capital is represented and the agenda indicates the proposed amendments to the Articles and, as the case may
be, the text of those which concern the objects or the form of the Company. If the first of these conditions is not satisfied,
a second meeting may be convened, in the manner prescribed by these Articles, by means of notices published twice,
with a minimum interval of fifteen calendar days and the second convening notice being published not later than fifteen
days before the meeting in the Official Journal (Mémorial) and in two Luxembourg newspapers. Such convening notice
shall reproduce the agenda and indicate the date and the results of the previous meeting. The second meeting shall validly
deliberate regardless of the proportion of the capital represented. At both meetings, resolutions, in order to be adopted,
must be carried by at least two-thirds of the votes expressed at the relevant General Meeting. Votes relating to shares
for which the shareholder did not participate in the vote, abstained from voting, or casted a blank (blanc) or spoilt (nul)
vote will not be taken into account to calculate the majority.

12.9 The nationality of the Company may be changed and the commitments of its shareholders may be increased only

with the unanimous consent of the shareholders and bondholders (if any).

12.10 A shareholder may act at any General Meeting by appointing another Person (who need not be a shareholder)

as its proxy in writing, whether in original, by telefax, e-mail or by any other means of communication guaranteeing the
authenticity of the document and permitting the identification of the shareholder giving the proxy.

12.11 If all the shareholders of the Company are present or represented at a General Meeting, and consider themselves

as having been duly convened and informed of the agenda of the meeting, the meeting may be held without prior notice.

12.12 Before commencing any deliberations, the shareholders shall elect a chairman of the General Meeting. The

chairman shall appoint a secretary and the shareholders shall appoint a scrutineer. The chairman, the secretary and the
scrutineer shall form the General Meeting's bureau.

12.13 The minutes of the General Meeting will be signed by the members of the bureau of the General Meeting and

by any shareholder who wishes to do so.

12.14 However, in case decisions of the General Meeting have to be certified, copies or extracts for use in court or

elsewhere must be signed by the chairman of the Board, the secretary to the Board or any two directors.

Art. 13. Shareholder reserved matters. Following the Offering Date, the resolution to delist the shares or other

Securities of the Company from the LSE and/or the Bovespa may only be adopted by the General Meeting. When adopting
any such resolution, the General Meeting shall also appoint an expert to set the Economic Value for purposes of article
29 hereof. Following the adoption of a resolution to delist the shares or other Securities of the Company from the LSE
and/or the Bovespa, the Board or, as the case may be, the Sole Director shall have full authority to take any action as
may be necessary, required or convenient to implement such resolution, including, without limitation, the negotiation
and execution of any engagement letter with the expert appointed by the General Meeting.

Art. 14. Management.
14.1 For so long as the Company has a Sole Shareholder, the Company may be managed by a Sole Director who does

not need to be a shareholder of the Company. Where the Company has more than one shareholder, the Company shall
be managed by a Board consisting of a minimum of three (3) members and a maximum of fifteen (15); provided, however,

20516

that following the Offering Date (and for so long as the shares or other Securities of the Company are listed in the LSE
and/or the Bovespa), the minimum number of directors shall be five (5). The members of the Board need not be share-
holders of the Company. The Sole Director and the members of the Board shall be elected for a term to be determined
in each case by the General Meeting, such term not to exceed six (6) years, and shall be eligible for re-appointment.

14.2 If and for so long as Brazilian depositary receipts of the Company are listed on the Bovespa, at least 20% of the

directors shall be Independent Directors.

14.3 Where a legal person is appointed as a director, such entity must designate a natural person as permanent

representative (représentant permanent) who will represent such entity as Sole Director or as member of the Board in
accordance with article 51bis of the Companies Act.

14.4 The director(s) shall be elected by the General Meeting. The General Meeting shall also determine the number

of directors, their remuneration and the term of their office. A director may be removed with or without cause and/or
replaced, at any time, by a resolution adopted by the General Meeting.

14.5 In the event of vacancy in the office of a director because of death, retirement or otherwise, the remaining

directors may elect, by a majority vote, a director to fill such vacancy until the next General Meeting. In the absence of
any remaining directors, a General Meeting shall promptly be convened by the auditor and held to appoint new directors.

Art. 15. Meetings of the Board.
15.1 The Board shall appoint a chairman (the Chairman) among its members and may choose a secretary, who need

not be a director, and who shall be responsible for keeping the minutes of the meetings of the Board and of the resolutions
passed at the General Meeting. The Chairman will preside at all meetings of the Board. In his/her absence, the other
members of the Board will appoint another chairman pro tempore who will preside at the relevant meeting by a simple
majority vote of the directors present or represented at such meeting.

15.2 The Board shall meet as often as required by the interests of the Company, and at least four (4) times per year,

upon call by the Chairman or any two directors at the place indicated in the notice of meeting.

15.3 Written notice of any meeting of the Board shall be given to all the directors at least twenty-four (24) hours in

advance of the date set for such meeting, except in circumstances of emergency, in which case the nature of such cir-
cumstances shall be set forth briefly in the convening notice of the meeting of the Board.

15.4 No such written notice is required if all the members of the Board are present or represented during the meeting

and if they state to have been duly informed, and to have had full knowledge of the agenda of the meeting. The written
notice may be waived by the consent in writing of all members of the Board, whether in original, by telefax, e-mail or by
any other means of communication guaranteeing the authenticity of the document. Separate written notice shall not be
required for meetings that are held at times and places determined in a schedule previously adopted by resolution of the
Board.

15.5 Any director may give a proxy in writing, telegram, facsimile or e-mail to one of his or her colleagues on the

Board to represent him or her at any Board meeting and to vote in his or her place and stead.

15.6 The Board can validly debate and take decisions only if at least the majority of its members is present or repre-

sented. A director may represent more than one of his or her colleagues, under the condition however that at least two
directors are present at the meeting or participate at such meeting by way of any of the means of communication referred
in article 15.8 below.

15.7 All decisions of the Board shall be adopted by a simple majority of the votes of the members present or repre-

sented. In case of a tied vote, the Chairman of the meeting shall have a second or casting vote.

15.8 Any director may participate in a meeting of the Board by conference call, video conference or similar means of

communications whereby (i) the directors attending the meeting can be identified, (ii) all persons participating in the
meeting can hear and speak to each other, (iii) the transmission of the meeting is performed on an on-going basis and (iv)
the directors can properly deliberate, and participating in a meeting by such means shall constitute presence in person
at such meeting. A meeting of the Board held by such means of communication will be deemed to be held in Luxembourg.

15.9 Notwithstanding the foregoing, a resolution of the Board may also be passed in writing in any and all circumstances,

and such resolution shall be as valid and effectual as if it had been passed at a meeting of the Board duly convened and
held. Such resolution shall be signed by each director and it shall consist of one or several documents containing the
decisions adopted by the Board, each signed by one or more of the members of the Board, either manually or electronically
(by means of an electronic signature which is valid under Luxembourg law). The date of such resolution shall be the date
on which the last signature is affixed.

15.10 Article 15 does not apply in the case that the Company is managed by a Sole Director.

Art. 16. Minutes of meetings of the Board or of resolutions of the Sole Director.
16.1 The resolutions passed by the Sole Director shall be documented by written minutes kept at the Company's

registered office.

16.2 The minutes of any meeting of the Board shall be signed by the Chairman and the secretary to the Board, or by

a majority of the directors present at such meeting. The minutes relating to the resolutions taken by the Sole Director
shall be signed by the Sole Director.

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16.3 Copies or extracts of such minutes which may be produced in judicial proceedings or otherwise shall be signed

by the Chairman, the secretary to the Board or any two members of the Board or, as the case may be, the Sole Director.

Art. 17. Powers of the Board. The Board, or as the case may be, the Sole Director is vested with the broadest powers

to perform or cause to be performed all acts of disposition and administration in the Company's interest. All powers not
expressly reserved by the Companies Act or by the Articles to the General Meeting fall within the competence of the
Board, or as the case may be, the Sole Director.

Art. 18. Delegation of powers.
18.1 The Board, or as the case may be, the Sole Director may appoint a person (délégué à la gestion journalière),

either a shareholder or not, or a member of the Board or not, who shall have full authority to act on behalf of the
Company in all matters concerned with the daily management and affairs of the Company.

18.2 The Board, or as the case may be, the Sole Director is also authorised from time to time to appoint one or more

persons, either directors or not, to hold such office in the Company as the Board or the Sole Director, as applicable,
may think necessary for the administration of the Company, including but not limited to, the office of president, one or
more vice-presidents, treasurer, assistant treasurer, manager or controller, and for such term and at such remuneration
(whether by way of salary or commission or participation in profits or partly in one way and partly in another), and with
such specific powers and duties as the Board or the Sole Director, as applicable, may think fit.

18.3 The Board may also appoint committees or sub-committees in order to deal with specific tasks, to advise the

Board or to make recommendations to the Board and/or, as the case may be, the General Meeting of the shareholders
of the Company), the members of which may be selected either from among the directors or not.

18.4 The Board, or as the case may be, the Sole Director may from time to time and at any time by power of attorney

appoint any company, firm or person or body of persons, whether nominated directly or indirectly by the Board or the
Sole Director, as applicable, to be the attorney or attorneys of the Company for such specific purposes and with such
specific powers, authorities and discretion (not exceeding those vested in or exercisable by the Board or the Sole Di-
rector, as applicable, under these Articles) and for such period and subject to such conditions as they may think fit, and
any such specific power of attorney may contain such provisions for the protection and convenience of persons dealing
with any such attorney as the Board or the Sole Director, as applicable, may think fit, and may also authorise any such
attorney to delegate all or any of the powers, authorities and discretion vested in him.

Art. 19. Binding signatures. The Company shall be bound towards third parties in all matters by (i) the joint signatures

of any two members of the Board, or (ii) in the case of a Sole Director, the sole signature of the Sole Director. The
Company shall further be bound by the joint signatures of any persons or the sole signature of the person to whom
specific signatory power has been granted by the Board or the Sole Director, but only within the limits of such power.
Within the boundaries of the daily management, the Company will be bound by the sole signature of the person appointed
to that effect in accordance with article 18.1 above.

Art. 20. Conflict of interests.
20.1 No contract or other transaction between the Company and any other company or firm shall be affected or

invalidated by the fact that any one or more of the directors or officers of the Company is interested in, or is a director,
associate, officer or employee of such other company or firm.

20.2 Any director or officer of the Company who serves as director, officer or employee of any company or firm with

which the Company shall contract or otherwise engage in business shall not, solely 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.

20.3 In the event that any director of the Company may have any personal and opposite interest in any transaction of

the Company, such director shall make known to the Board such personal and opposite interest and shall not consider
or vote upon any such transaction, and such transaction, and such director's interest therein, shall be reported to the
next following General Meeting. This paragraph does not apply to a Sole Director.

20.4 For so long as the Company has a Sole Director, the transactions entered into by the Company and the Sole

Director and in which the Sole Director has an opposite interest to the interest of the Company shall be set forth in
minutes which will be presented to the next following General Meeting.

20.5 The two preceding paragraphs do not apply to resolutions of the Board or the Sole Director concerning trans-

actions made in the ordinary course of business of the Company which are entered into on arm's length terms.

Art. 21. Approval of material related party transactions.
21.1 In case (and for as long as) the shares or other Securities of the Company are listed on the Bovespa, the approval

of Related Party Transactions may not be delegated by the Board. Any resolution by the Board regarding the approval
of Related Party Transactions shall be adopted (i) in accordance with the quorum and majority requirements set out in
article 15 and (ii) with the favorable opinion of, or a declaration of non-objection by, the Independent Director holding
office in the Company, or, if there are two (2) Independent Directors holding office in the Company, at least one of the
Independent Directors, or, if there are three (3) or more Independent Directors holding office in the Company, a simple

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majority of such directors; provided, however, that the implementation of any such material Related Party Transactions
so approved may be delegated in accordance with article 18 above.

21.2 Notwithstanding the foregoing, article 21.1 shall not apply to Related Party Transactions that (i) are supported

by an independent third party valuation or fairness opinion, or (ii) do not exceed in a single transaction, or in a series of
related transactions within the same accounting year, USD 1,000,000 (one million dollars of the United States of America)
or its equivalent in any other currency, or (iii) made in the ordinary course of business of the Company which are entered
into on arm's length terms.

Art. 22. Indemnification.
22.1 The Company shall indemnify, to the fullest extent permitted by Luxembourg law, any current or former director

or officer and his or her heirs, executors and administrators, for and against any costs, fees and expenses reasonably
incurred by him or her in connection with any civil, criminal or administrative action, suit or proceeding to which he or
she may be made a party by reason of his/her being or having been a director or officer of the Company or, at its request,
of any other corporation of which the Company is a shareholder or creditor and from which he or she is not entitled to
be indemnified, except in relation to matters as to which he or she shall be finally adjudged in such action, suit or proceeding
to be liable for gross negligence or wilful misconduct.

22.2 In the event of a settlement, the current or former director or officer will only be entitled to indemnification

hereunder, if he or she settles such action, suit or proceeding in good faith and with the prior written approval of the
Company (which shall not be unreasonably withheld). The foregoing right of indemnification shall not exclude other rights
to which he or she may be entitled.

Art. 23. Statutory Auditor(s) (Commissaire aux Comptes) - Independent external auditor (Réviseur d'entreprises).
23.1 The operations of the Company shall be supervised by one or several statutory auditor(s) (commissaire(s) aux

comptes), or, where required by law, an independent external auditor (réviseur d'entreprises). The statutory auditor(s)
shall be elected for a term not exceeding six years and shall be eligible for re-appointment.

23.2 The statutory auditor(s) will be appointed by the General Meeting which will determine their number, their

remuneration and the term of their office. The statutory auditor(s) in office may be removed at any time by the General
Meeting with or without cause.

23.3 If the conditions of article 69 (in combination with article 35) of the Law of 19 December 2002 are met, the

operations of the Company shall be supervised by one or several independent auditor(s) (réviseur(s) d'entreprises). The
external auditor(s) shall be appointed by the General Meeting in accordance with article 69 of the Law of 19 December
2002. The General Meeting will determine their number, their remuneration and the term of their office.

Art. 24. Accounting year. The accounting year of the Company shall begin on 1 February of each year and shall end

on 31 January of the following year.

Art. 25. Annual accounts.
25.1 Each year, at the end of the financial year, the Board or, as the case may be, the Sole Director will draw up the

annual accounts of the Company in the form required by the Law of 19 December 2002.

25.2 At the latest one month prior to the annual General Meeting, the Board or, as the case may be, the Sole Director

will submit the Company's balance sheet and profit and loss account together with its report and such other documents
as may be required by law to the statutory auditor(s) of the Company who will thereupon draw up its report.

25.3 At the latest 15 (fifteen) calendar days prior to the annual General Meeting, the balance sheet, the profit and loss

account, the reports of the Board and of the statutory auditor(s) and such other documents as may be required by law
shall be deposited at the registered office of the Company where they will be available for inspection by the shareholders
during regular business hours.

Art. 26. Allocation of profits.
26.1 From the annual net profits of the Company, 5% (five per cent) shall be allocated to the reserve required by law.

This allocation shall cease to be required as soon as such legal reserve amounts to 10% (ten per cent) of the subscribed
capital of the Company as stated or as increased or reduced from time to time as provided in article 6 above, but shall
again be compulsory if the reserve falls below that percentage.

26.2 The General Meeting shall determine how the remainder of the annual net profits shall be disposed of and it may

decide to pay dividends from time to time, as in its discretion it believes best suits the corporate purpose and policy and
within the limits of the Companies Act.

26.3 The dividends may be paid in Euro or any other currency selected by the Board or, as the case may be, the Sole

Director and they may be paid at such places and times as may be determined by the Board or, as the case may be, the
Sole Director.

26.4 The Board may decide to pay interim dividends (out of any distributable profits or reserves, including share

premium and retained earnings) under the conditions and within the limits set by the Companies Act.

Art. 27. Dissolution and Liquidation. The Company may be dissolved, at any time, by a resolution of the General

Meeting adopted in the manner required for amendments of the Articles, as prescribed in article 12 above. In the event

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of a dissolution of the Company, the liquidation shall be carried out by one or several liquidators (who may be physical
persons or legal entities) appointed by the General Meeting deciding such liquidation. Such General Meeting shall also
determine the powers and the remuneration of the liquidator(s).

Art. 28. Mandatory tender offer in case of a change of control.
28.1 Following the Offering Date, within 60 days of a Person becoming a Controlling Shareholder (and provided that

such Person, or an Affiliate thereof, was not a Controlling Shareholder before such date) (such Person hereinafter referred
to as the New Controlling Shareholder), such New Controlling Shareholder shall be required to make a tender offer to
all the holders of shares or other Securities of the Company to acquire for cash all their outstanding shares or other
Securities, at the same price per share paid by such New Controlling Shareholder for the acquisition of the Controlling
interest in the Company; provided, however, that, in case such tender offer requires the approval of any regulatory agency
(including any securities exchange regulators) or self-regulating entity (including any stock markets) in any jurisdiction,
such 60-day period shall be extended to cover such period as may be required for obtaining all relevant approvals.

The New Controlling Shareholder shall make such tender offer in each country and/or State where the Company's

shares or other Securities are admitted to trading on a public stock exchange. The tender offer shall be made in accordance
with the securities laws and regulations applicable in each such country or State, including the laws and regulations
applicable to public cash tender offers.

28.2 For the purpose of this article 28, any Person who becomes a New Controlling Shareholder shall give written

notice thereof to the Company within 10 calendar days of such Person becoming a New Controlling Shareholder.

28.3 The New Controlling Shareholder shall act in good faith in performing its obligations under this article 28 vis-à-

vis the Company, the shareholders and the holders of Securities.

The obligation to make a tender offer under this article 28 shall not (i) apply to Depositaries or sub-depositaries acting

in such capacity, provided that such Depositaries or sub-depositaries may only exercise the voting rights attached to the
shares in the Company held by such Depositaries or sub-depositaries upon instructions from the Persons on whose behalf
such shares are held; or (ii) be triggered by an acquisition of shares or other Securities pursuant to a public offer for the
acquisition of all the shares or other Securities of the Company.

Art. 29. Mandatory tender offer in case of a delisting of shares.
29.1 Following the Offering Date, should the General Meeting adopt a resolution pursuant to article 13 to have the

shares or other Securities of the Company delisted from the LSE or the Bovespa, the Company or the shareholders that
voted in favour of such resolution (the Consenting Shareholders) shall, within 60 days of the date on which such resolution
was adopted, be required to make a tender offer to acquire for cash all the shares and other Securities of the Company,
excluding the shares or other Securities held by the shareholders that voted in favour of the delisting resolution, for a
price equal to the Economic Value of such shares or other Securities (the Shares to be so acquired, the Minority Shares);
provided, however, that, in case such tender offer requires the approval of any regulatory agency (including any securities
exchange regulators) or self-regulating entity (including any stock markets) in any jurisdiction, such 60-day period shall
be extended to cover such period as may be required for obtaining all relevant approvals.

29.2 The Company or the Consenting Shareholders shall make such tender offer in each country and/or State where

the Company shares or other Securities are admitted to trading on a public stock exchange. The tender offer shall be
made in accordance with the securities laws and regulations applicable in each such country or State, including the laws
and regulations applicable to public cash tender offers; provided, however, that in the case of the tender offers by the
Consenting Shareholders, each Consenting Shareholder shall only be required to purchase and acquire such number of
the Minority Shares as is pro rata to its existing holding of the issued capital, excluding the Minority Shares.

The Consenting Shareholders and the Company shall act in good faith in performing their obligations under this article

29.

The obligations to make a tender offer under this article 29 shall not apply to Depositaries or sub-depositaries who,

in connection with the adoption of a resolution pursuant to article 13 to have the shares or other Securities of the
Company delisted from the LSE and/or the Bovespa, voted any shares held in favour of the adoption of such resolution
upon instructions from the Persons on whose behalf such shares are held or otherwise in accordance with the depositary
or similar agreement governing the relevant deposit.

Art. 30. Increase in the controlling shareholder's participation.
30.1 Following the Offering Date, if a Controlling Shareholder or an Affiliate thereof, individually or in the aggregate,

acquires shares or other Securities of the Company representing more than 1/3 (one third) of the then current Free
Float (excluding any acquisition of shares or other Securities of the Company pursuant to a public tender offer), such
Controlling Shareholder shall, within 60 days of such acquisition, be required to make a tender offer to purchase for cash
all the shares or other Securities of the Company which constitute the outstanding Free Float for a price equal to the
Economic Value of such shares or other Securities; provided, however, that, in case such tender offer requires the approval
of any regulatory agency (including any securities exchange regulators) or self-regulating entity (including any stock mar-
kets) in any jurisdiction, such 60-day period shall be extended to cover such period as may be required for obtaining all
relevant approvals.

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30.2 The Controlling Shareholder shall make such tender offer in each country and/or State where the shares or other

Securities of the Company are admitted to trading on a public stock exchange. The tender offer shall be made in accor-
dance with the securities laws and regulations applicable in each such country or State, including the laws and regulations
applicable to public cash tender offers.

30.3 For the purpose of this article 30, the Controlling Shareholder acquiring, individually or in the aggregate, either

alone or through Affiliates, shares or other Securities of the Company representing more than 1/3 (one third) of the then
current Free Float shall give written notice thereof to the Company within 10 calendar days of the occurrence of such
event.

30.4 The Controlling Shareholder shall act in good faith in performing its obligations under this article 30 vis-à-vis the

Company and the holders of shares or other Securities constituting the Free Float.

The obligation to make a tender offer under this article 30 shall not apply to Depositaries or sub-depositaries acting

Art. 31. Applicable law. All matters not expressly governed by these Articles shall be determined in accordance with

the Companies Act."

Fifth resolution

The Meeting resolves to authorise and empower any manager of the Company to proceed on behalf of the Company

to the registration of the share split as per the second resolution above, in the share register of the Company and to see
to any formalities in connection therewith (including, for the avoidance of doubt, the filing and publication of documents
with relevant Luxembourg authorities).

Statement - Costs

The expenses, costs, remunerations and charges in any form whatsoever, which shall be borne by the Company as a

result of the present deed are estimated to be approximately EUR 2,000.-.

The undersigned notary who understands and speaks English, states herewith that at the request of the above appearing

parties, the present deed is worded in English followed by a French version. At the request of the same appearing persons
and in case of divergences between English and the French versions, the English version shall prevail.

Whereof the present notarial deed was drawn up in Luxembourg, on the day named at the beginning of this document.
The document having been read to the appearing persons, the said appearing persons signed the present deed together

with the notary.

Suit la version française du texte qui précède:

L'an deux mille dix, le vingt-neuvième jour du mois de janvier.
Par-devant Maître Henri Hellinckx, notaire de résidence à Luxembourg, Grand-Duché du Luxembourg.

S'est tenue une assemblée générale extraordinaire (l'Assemblée) de l'actionnaire unique de Venti S.A., une société

anonyme de droit luxembourgeois ayant son siège social au 65, Boulevard Grande Duchesse Charlotte, L-1331 Luxem-
bourg, et immatriculée auprès du Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 150.635 (la
Société). La Société a été constituée en date du 24 décembre 2009 par devant Me Henri Hellinckx, susmentionné, et
publié au Mémorial C, Recueil des Sociétés et Associations - N° 133 du 22 janvier 2010.

L'Assemblée est présidée par Emmanuel LAMAUD, juriste, résidant professionnellement à Luxembourg (le Président).

Le Président nomme Madame Solange Wolter, employée privée, résidant professionnellement à Luxembourg, comme
secrétaire de l'Assemblée (le Secrétaire). L'Assemblée élit Madame Arlette Siebenaler, résidant professionnellement à
Luxembourg, comme scrutateur de l'Assemblée (le Scrutateur). Le Président, le Secrétaire et le Scrutateur forment
collectivement le Bureau.

L'actionnaire unique de la Société (l'Actionnaire Unique) représenté lors de l'Assemblée ainsi que le nombre d'actions

qu'il détient sont indiqués dans une liste de présence qui restera annexée au présent acte après avoir été signée par le
représentant de l'Actionnaire Unique et les membre du Bureau

La procuration de l'Actionnaire Unique représenté à l'Assemblée, après avoir été signée ne varietur par le mandataire

de la partie comparante ainsi que par le notaire soussigné, restera annexée au présent acte notarié pour être soumise à
la formalité de l'enregistrement.

Le Bureau ainsi constitué, le Président demande au notaire d'enregistrer ce qui suit:
I. La liste de présence établie et certifiée par les membres du Bureau montre que toutes les 31.000 (trente et un mille)

actions ayant une valeur nominale de EUR 1 (un Euro) chacune représentant la totalité du capital social souscrit de la
Société qui est de EUR 31.000 (trente et un mille Euro) sont dûment représentées à l'Assemblée, qui se trouve dés lors
régulièrement constituée et peut délibérer sur les point de l'agenda reproduit ci-dessous;

II. Que l'agenda de l'Assemblée est le suivant:

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1. renonciation aux formalités de convocation;
2. division et conversion des 31.000 actions du capital social émis de la Société ayant une valeur nominale de EUR 1

chacune en 149.999.999 (cent quarante-neuf millions neuf cent quatre-vingt dix-neuf mille neuf cent quatre-vingt dix-neuf)
actions sans valeur nominale;

3. mise du capital autorisé à EUR 3.000.000.000 (trois milliards d'Euro), et autorité donnée à l'administrateur unique

de la Société, ou le conseil d'administration de la Société, le cas échéant, d'émettre des actions et des instruments
convertibles en ou échangeable avec des actions dans les limites du capital autorisé, et de limiter ou annuler le droit
préférentiel de souscription des actionnaires en relation avec toute émission d'action dans les limites du capital autorisé;

4. modification, renumérotation et refonte totale des statuts coordonnés de la Société (les Statuts) incluant l'article 5

qui aura la teneur suivante:

Art. 5. Objet social.
5.1 La Société a pour objet social (i) l'acquisition, la détention et la cession, sous quelque forme que ce soit et par tous

moyens, par voie directe ou indirecte, de participations, droits, intérêts et engagements dans des sociétés luxembour-
geoises ou étrangères, (ii) l'acquisition par achat, souscription ou de toute autre manière, ainsi que l'aliénation par vente,
échange or de toute autre manière de titres, obligations, créances, billets et autres valeurs ou instruments financiers de
toutes espèces (notamment d'obligations ou de parts émises par des fonds communs de placement luxembourgeois ou
par des fonds étrangers, ou tout autre organisme similaire), de prêts ou toute autre facilité de crédit, ainsi que des contrats
portant sur les titres précités ou y relatifs et (iii) la possession, l'administration, le développement et la gestion d'un
portefeuille d'actifs (composé notamment d'actifs tels que ceux définis dans les paragraphes (i) et (ii) ci-dessus).

5.2 La Société peut emprunter de l'argent sous quel que forme que ce soit. Elle peut être partie à tout type de contrat

de prêt et elle peut procéder à l'émission de titres de créance, d'obligations, de certificats, d'actions, de parts bénéficiaires,
de warrants et des valeurs mobilières de toutes sortes, y compris sous un ou plusieurs programmes d'émissions. La
Société peut prêter des fonds, y compris ceux résultant des emprunts et/ou des émissions d'obligations à ses Filiales,
Sociétés Affiliées ou à toute autre Personne.

5.3 La Société peut également consentir des garanties ou des sûretés au profit de tierces personnes afin de garantir

ses obligations ou les obligations de ses Filiales, Sociétés Affiliées ou de toute autre Personne. La Société peut en outre
nantir, céder, grever de charges tout ou partie de ses avoirs ou créer, de toute autre manière, des sûretés portant sur
tout ou partie de ses avoirs.

5.4 La Société peut passer, exécuter, délivrer ou accomplir toutes les opérations de swaps, opérations à terme (futu-

res), opérations sur produits dérivés, marchés à prime (options), opérations de rachat, prêt de titres ainsi que toutes
autres opérations similaires. La Société peut, de manière générale, employer toutes techniques et instruments liés à des
investissements en vue de leur gestion efficace, y compris des techniques et instruments destinés à la protéger contre les
risques de change, de taux d'intérêt et autres risques.

5.5 Les descriptions ci-dessus doivent être comprises dans leurs sens le plus large et leur énumération n'est pas limitée.

L'objet social couvre toutes les opérations auxquelles la Société participe et tous les contrats passés par la Société, dans
la mesure où ils restent compatibles avec l'objet social ci-avant explicité.

5.6 D'une façon générale, la Société peut prendre toutes mesures de surveillance et de contrôle et effectuer toute

opération ou transaction qu'elle considère nécessaire ou utile pour l'accomplissement et le développement de son objet
social de la manière la plus large.

5.7 La Société peut accomplir toutes les opérations commerciales, industrielles, financières, mobilières et immobilières,

se rapportant directement ou indirectement à son objet social ou susceptibles de favoriser son développement.

5. pouvoir; et
6. divers.
III. Qu'après délibération l'Assemblée a pris les résolutions suivantes:

Première résolution

L'intégralité du capital social de la Société étant représentée à la présente Assemblée, l'Assemblée décide de renoncer

aux formalités de convocation, l'Actionnaire Unique représenté à la présente Assemblée se considérant comme dûment
convoqué et déclarant avoir une parfaite connaissance de l'ordre du jour qui lui a été communiqué par avance.

Deuxième résolution

L'Assemblée décide de diviser les 31.000 (trente et un mille) actions existantes de la Société, ayant une valeur nominale

de 1 EUR (un Euro) chacune, en 149.999.999 (cent quarante-neuf millions neuf cent quatre-vingt dix-neuf mille neuf cent
quatre-vingt dix-neuf) actions sans valeur nominale.

En conséquence, l'Assemblée décide que l'article 6.1 aura désormais la teneur établie à la quatrième résolution ci-

dessous.

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Troisième résolution

L'Assemblée décide de fixer le capital autorisé à EUR 3.000.000.000 (trois milliards d'Euro) et autorise et donne pouvoir

au conseil d'administration de la Société (le Conseil), ou l'administrateur unique le cas échéant, d'augmenter le capital
social de la Société et d'émettre des instruments convertibles en ou échangeable avec des actions de la Société dans les
limites du capital autorisé, et de limiter ou annuler le droit préférentiel de souscription des actionnaires en relation avec
ce qui précède, tel que mentionné dans les articles 6.2 à 6.9 des Statuts tels que modifiés dans la quatrième résolution
ci-dessous.

L'Assemblée prend acte du rapport du Conseil fait en accord avec les termes de l'article 32-3 (5) de la loi du 10 août

1915 sur les sociétés commerciales telle que modifiée, qui a été lu par le Président à l'Assemblée en rapport avec l'au-
torisation donnée au Conseil telle que mentionnée dans le premier paragraphe de cette troisième résolution, une copie
dudit rapport restant annexée à l'Assemblée.

Par conséquent, L'Assemblée décide que les articles 6.2 à 6.9 des Statuts auront la teneur décrite dans la quatrième

résolutions ci-dessous.

Quatrième résolution

L' Assemblée décide de modifier les Statuts. En conséquence, l'Assemblée décide de renuméroter et refondre les

Statuts dans leur totalité et, pour autant que de besoin, insérer tout nouveau titre dans les Statuts, de façon à ce qu'ils
aient la teneur suivante:

«Art. 1

. Définitions.

1.1 Dans les présents statuts:
Société Affiliée désigne pour toute Personne, toute autre Personne qui exerce un Contrôle direct ou indirect ou qui

est Contrôlée directement ou indirectement par, ou qui est soumise au même Contrôle que cette Personne;

Statuts désigne les statuts de la Société;
Personne Associée désigne une Personne qui, par rapport à une autre Personne:
(a) est une personne morale dont l'autre Personne est un membre de la direction ou un administrateur;
(b) est une personne morale qui est Contrôlée par l'autre Personne ou par un groupe de Personnes dont l'autre

Personne est un membre ou un actionnaire;

(c) est un partenariat dont l'autre Personne est un associé;
(d) est une fiducie dont l'autre Personne est un fiduciaire.
De plus, deux Personnes ou plus doivent être considérées comme des Personnes Associées l'une de l'autres si elles

sont (w) Contrôlées par la même personne, (x) parties à une convention de vote concernant les actions portant droit
de vote de la Société, (y) parties à un contrat ou à un accord dont l'objectif est qu'elles agissent de concert en vue de la
préservation de leurs intérêts directs ou indirects dans la Société, ou elles agissent de toute autre manière de concert
en vue desdits intérêts, ou (z) simultanément des Personnes Associées (au sens de l'une quelconque des précédentes
clauses) de la même Personne;

Conseil d'Administration désigne le conseil d'administration de la Société;
Bovespa désigne la bourse de São Paulo (BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros);
Président a la signification donnée à ce terme à l'article 15.1 ci-dessous;
Loi de 1915 désigne la loi sur les sociétés commerciales du 10 août 1915, telle que modifiée;
Société désigne Venti S.A.;
L'Actionnaire Consentant a la signification donnée à ce terme à l'article 29.1 ci-dessous;
Contrôle désigne dans le cas de la Société ou de toute Personne, sauf stipulation contraire figurant expressément dans

les présents Statuts, le pouvoir direct (mais non indirect) exercé sur l'orientation ou la direction des activités, de la gestion
ou de la stratégie de la Société ou de toute Personne, en vertu de la détention de titres avec droit de vote, d'accords ou
autres, à condition toutefois que la détention directe (mais non indirecte) d'actions ou autres Titres, représentant plus
de 50% des droits de vote de la Société ou d'une telle Personne soient réputés être un Contrôle. Les termes "Contrôlé
(e)(s) par", "qui Contrôle" et "soumis(e) au même Contrôle" doivent avoir une signification correspondant à ce qui
précède;

Actionnaire Contrôlant désigne un actionnaire de la Société qui Contrôle la Société, soit seul soit avec une ou plusieurs

Personnes Associées ensemble;

Retrait de la Cotation désigne, après la Date de Cotation, l'adoption par l'Assemblée Générale d'une résolution pour

retirer les actions ou les autres Titres de la Société de (i) la LSE et/ou (ii) de la Bovespa conformément à l'article 13;

Dépositaire a la signification donnée à ce terme à l'article 7.7 ci-dessous;
Valeur Economique désigne la valeur des actions de la Société déterminée par un rapport d'évaluation rédigé par ou

à la demande du Conseil d'Administration conformément à un ou plusieurs des critères suivants, que le Conseil d'Ad-
ministration peut dans sa seule et totale discrétion considérer appropriés selon les circonstances: (i) capitaux propres
des actionnaires à leur valeur comptable ; (ii) capitaux propres des actionnaires à la valeur du marché ; (iii) valeur actualisée

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des flux de trésorerie ; (iv) comparaison de multiples ; et (v) cours du marché tel que déterminé par la cotation sur le/
les marché(s) concernés des actions ou autres Titres; à condition cependant qu'en cas d'offre en vertu d'un Retrait de la
Cotation, le rapport d'évaluation doit être rédigé par un expert indépendant désigné par une Assemblée Générale (parmi
une liste de trois experts dressée par le Conseil d'Administration) conformément aux critères de majorité stipulés à
l'article 12.7 des présents Statuts.

Euro MTF désigne le marché Euro MTF, le marché d'échanges officiel de la LSE;
Flottant désigne toutes les actions et tous les Titres émis par la Société, à l'exclusion des actions et des Titres détenus

par un Actionnaire Contrôlant quelconque et ses Sociétés Affiliées et à l'exclusion des actions détenues par les membres
du Conseil d'Administration;

Assemblée Générale désigne l'assemblée générale des actionnaires de la Société;
Famille Proche désigne relativement à un individu, le conjoint, les frères et sœurs, les enfants, les enfants du conjoint,

les petits-enfants, les neveux et nièces ou les parents de cet individu;

Administrateur Indépendant désigne un administrateur de la Société qui (i) n'est pas un Actionnaire Contrôlant, ni un

actionnaire qui est une Société Affiliée ou une Partie Liée d'un Actionnaire Contrôlant (sauf si un tel administrateur est
un Administrateur Indépendant de ce qui précède), et ne fait pas partie de sa Famille Proche; (ii) n'est pas et n'a pas été
au cours des trois précédentes années un employé ou un membre de la direction de la Société ou de ses Sociétés Affiliées
(autrement qu'en tant qu'Administrateur Indépendant de la Société ou de ses Sociétés Affiliées); (iii) n'est pas un vendeur
de produits et services ou un acheteur de produits et services à l'égard de la Société dont les ventes ou achats sont
réputés par le Conseil d'Administration suffisamment matériels pour affecter défavorablement son indépendance; (iv)
n'est pas un employé ou un membre de la direction d'une entité qui a proposé des produits et/ou services à la Société,
ou qui a acheté des produits et/ou services à la Société; (v) ne fait partie de la Famille Proche d'aucun des autres admi-
nistrateurs de la Société; (vi) ne reçoit pas de compensation de la part de la Société autrement qu'en tant qu'administrateur
de la Société ou qu'en tant qu'Administrateur Indépendant d'une Société Affiliée de la Société, à l'exception des verse-
ments résultant de participations dans la Société;

Instrument a la signification donnée à ce terme à l'article 6.5 ci-dessous;
Loi du 19 décembre 2002 désigne la loi luxembourgeoise du 19 décembre 2002 relative au registre de commerce et

des sociétés ainsi qu'à la comptabilité et les comptes annuels des sociétés, tel que modifiée;

LSE désigne la Société de la Bourse de Luxembourg S.A. (Luxembourg Stock Exchange);
Nouvel Actionnaire Contrôlant a la signification donnée à ce terme à l'article 28.1 ci-dessous;
Actions Minoritaires a la signification donnée à ce terme à l'article 29.1 ci-dessous;
Date de Cotation désigne la date à laquelle tout ou partie des actions ou autres Titres de la Société sont cotés sur la

Cote Officielle de la LES et/ou de la Bovespa et sont admises à la négociation sur le marché Euro MTF et/ou de la Bovespa;

Personne désigne et comprend tout individu, entreprise, société, société à responsabilité limitée, association volontaire,

partenariat, partenariat à responsabilité limitée, société en participation, fiducie, organisation non constituée en société
ou un gouvernement (y compris toute subdivision politique de ce dernier ou toute juridiction, agence, département,
instrument, organe ou commission ou toute autre autorité ou agence gouvernementale);

Partie Liée désigne et comprend, s'agissant de toute Personne (a) toute Société Affiliée de cette Personne (autre que

les Filiales de cette Personne); (b) tout membre du conseil d'administration ou organe décisionnel similaire de cette
Personne ainsi que sa Famille Proche; (c) tout membre du personnel-clé de gestion de cette Personne (c'est-à-dire une
personne ayant une autorité et responsabilité dans la planification, la direction et le contrôle des activités de cette Per-
sonne), ainsi que sa Famille Proche; et (d) toute Société Affiliée des personnes décrites aux points (b) ou (c) ci-dessus;

Transaction avec des Parties Liées désigne toute transaction entre la Société et une ou plusieurs Partie Liée de la

Société;

Titres désigne les actions ou toute autre titres représentant des actions (y compris et sans limitation des certificats

de dépôt) de la Société;

Filiale désigne, s'agissant de toute Personne, une entité dans laquelle cette Personne ou une quelconque de ses Filiales

détient ou a un pouvoir de vote supérieur à cinquante pourcent (50%) de la participation dans cette entité ayant un
pouvoir de vote général pour participer à l'élection de l'organe de gestion de cette entité;

Administrateur Unique a la signification donnée à ce terme à l'article 3.1 ci-dessous;
Actionnaire Unique a la signification donnée à ce terme à l'article 2.2 ci-dessous.
1.2 Dans les présents Statuts, et à moins que le contexte exige le contraire,
(i) les mots "présentes", "ci-dessus", "ci-dessous" et des mots équivalents réfèrent à ces Statuts comme un tout et non

à des dispositions particulières de ces Statuts;

(ii) les définitions comprises dans ces Statuts s'appliquent à la forme grammaticale du singulier et du pluriel de ces mots

ainsi qu'au genre masculin ou féminin de ces derniers;

(iii) à chaque fois que les mots "inclus", "incluant", "y compris" sont utilisés dans ces Statuts, ils doivent être considérés

comme suivis des mots "sans limitation";

(iv) les mots "jour" et "jours" signifie et fait référence au(x) jour(s) du calendrier;

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(v) les mots "année" et "années" signifie et fait référence à/aux année(s) du calendrier;
(vi) le mot "ou" est inclusif et non exclusif; et
(vii) les références faites à une Personne sont également celles de leurs successeurs et ayant-droits autorisés.

Art. 2. Forme et Dénomination.
2.1 La Société est une société anonyme dénommée "Venti S.A.".
2.2 La Société peut avoir un actionnaire unique (l'Actionnaire Unique) ou plusieurs actionnaires. La Société n'est pas

dissoute par le décès, la suspension des droits civiques, la faillite, la liquidation ou la banqueroute de l'Actionnaire Unique.

2.3 Si la Société a un seul actionnaire, toute référence aux actionnaires dans les Statuts doit être considérée comme

une référence à l'Actionnaire Unique.

Art. 3. Siège social.
3.1 Le siège social de la Société est établi à Luxembourg. Il peut être transféré dans les limites de la commune de

Luxembourg par simple décision du Conseil d'Administration ou, dans le cas d'un administrateur unique (l'Administrateur
Unique) par une décision de l'Administrateur Unique.

3.2 Lorsque le Conseil d'Administration ou l'Administrateur Unique, selon le cas, estime que des événements ex-

traordinaires d'ordre politique ou militaire ont eu lieu ou sont imminents et que ces évènements sont de nature à
compromettre l'activité normale au siège social, ou les facilités de communication entre le siège social et l'étranger, le
siège social peut être transféré provisoirement à l'étranger jusqu'à la cessation complète de ces circonstances extraor-
dinaires. Cette mesure provisoire n'aura toutefois aucun effet sur la nationalité de la Société, qui restera une société
luxembourgeoise.

Art. 4. Durée.
4.1 La Société est constituée pour une période indéterminée.
4.2 La Société peut être dissoute, à tout moment, par résolution de l'Assemblée Générale statuant comme en matière

de modifications des Statuts, tel que prescrit à l'article 12.8 ci-dessous.