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U X E M B O U R G

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° 2398

6 octobre 2011

SOMMAIRE

239 Finance S.à r.l. . . . . . . . . . . . . . . . . . . . . .

115074

3Lux Finance S.à r.l. . . . . . . . . . . . . . . . . . . . .

115075

4 Pat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

115065

AC Property SA . . . . . . . . . . . . . . . . . . . . . . .

115074

Capital International Portfolios . . . . . . . . . .

115071

Capital International Portfolios 2 . . . . . . . .

115065

Chauffage Sauerwiss S.A. . . . . . . . . . . . . . . .

115075

Doduco S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . .

115064

Electro Viaduc S.à r.l. . . . . . . . . . . . . . . . . . . .

115076

EPF Exchequer Court S.à r.l. . . . . . . . . . . . .

115058

Euro D.O. S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

115071

Eurofid S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . .

115076

European Properties S.à r.l. . . . . . . . . . . . . .

115075

European Repro Finance S.A. . . . . . . . . . . .

115062

FFS 2 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

115060

Fizzbikes Distribution S.A. . . . . . . . . . . . . . .

115063

FLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

115073

Inversiones Caudal I S.à r.l. . . . . . . . . . . . . .

115075

KEIF Germany Simmern S.à r.l. . . . . . . . . .

115073

KEIF Germany Urbach S.à r.l. . . . . . . . . . . .

115073

Knightlights Property International S.A.

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

115059

Lux Technology S.A. . . . . . . . . . . . . . . . . . . .

115068

Maintenance Tuyauteries Industrielles Lux

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

115058

Mars Propco 35 S.à r.l. . . . . . . . . . . . . . . . . . .

115060

MBT Luxembourg S.à r.l. . . . . . . . . . . . . . . .

115062

Merlin Entertainments S.à r.l. . . . . . . . . . . .

115076

Minimercado Portugal S.àr.l. . . . . . . . . . . . .

115059

Minimercado Portugal S.àr.l. . . . . . . . . . . . .

115063

Mobilier et Jardin S.A. . . . . . . . . . . . . . . . . . .

115063

Neweb Creations S.à r.l. . . . . . . . . . . . . . . . .

115064

Newstar S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

115064

NLD Activities S.A. . . . . . . . . . . . . . . . . . . . . .

115058

ODC International Group S.A. . . . . . . . . . .

115058

Phase III Development Company S.à r.l.

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

115064

Portfolio EDMOND DE ROTHSCHILD

FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

115065

Provac S.àr.l. . . . . . . . . . . . . . . . . . . . . . . . . . .

115067

Provac S.àr.l. . . . . . . . . . . . . . . . . . . . . . . . . . .

115068

QM Holdings 4 S.à r.l. . . . . . . . . . . . . . . . . . .

115067

QM Holdings 5 S.à r.l. . . . . . . . . . . . . . . . . . .

115069

Quaesta Capital Umbrella SICAV-SIF . . .

115068

Scimdorf S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

115069

Senna Cordonnerie Rapide S.A. . . . . . . . . .

115071

Seven Mills S.A. . . . . . . . . . . . . . . . . . . . . . . . .

115071

Smeraldo S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

115069

Style & Feeling . . . . . . . . . . . . . . . . . . . . . . . . .

115072

TA EU Acquisitions III S.à r.l. . . . . . . . . . . .

115070

Technique & Régulation Développement

Luxembourg S.à r.l. . . . . . . . . . . . . . . . . . . .

115072

TEIF Germany Dortmund S.à r.l. . . . . . . . .

115072

TEIF Germany Simmern S.à r.l. . . . . . . . . .

115073

TEIF Germany Urbach S.à r.l. . . . . . . . . . . .

115073

The World Trust Fund . . . . . . . . . . . . . . . . .

115072

TJT (B) (Luxembourg) Investment Com-

pany S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

115072

Universal Automation Systems S.A. . . . . .

115074

Vantage Partnership I S.C.A., SICAR . . . .

115074

VPB Finance S.A. . . . . . . . . . . . . . . . . . . . . . .

115059

115057

U X E M B O U R G

EPF Exchequer Court S.à r.l., Société à responsabilité limitée.

Capital social: GBP 20.000,00.

Siège social: L-2633 Senningerberg, 6, route de Trèves.

R.C.S. Luxembourg B 150.591.

Suite aux résolutions prises par l’associé unique de la Société le 9 mai 2011, le mandat de Réviseur d’Entreprises de

PricewaterhouseCoopers S.à r.l. est reconduit pour une période expirant au moment de l’approbation des comptes
annuels de la Société au 31 décembre 2011 par l’associé unique.

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

Luxembourg, le 11 août 2011.

Pour la Société
TMF Management Luxembourg S.A.
Signataire autorisé

Référence de publication: 2011115899/16.
(110132682) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 août 2011.

Maintenance Tuyauteries Industrielles Lux, Société Anonyme.

Siège social: L-1470 Luxembourg, 66, route d'Esch.

R.C.S. Luxembourg B 84.536.

A Compter du 17 mai 2011 la société MAINTENANCE TUYAUTERIES INDUSTRIELLES LUX (M.T.I LUX S.A.) en-

registré au numéro RCS B 84536, est domiciliée à l'adresse suivante 66, route d'Esch L-1470 Luxembourg.

Fait à Luxembourg, le 13 juillet 2011.

Référence de publication: 2011115755/10.
(110132154) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

ODC International Group S.A., Société Anonyme.

Siège social: L-9706 Clervaux, 2A/46, route d'Eselborn.

R.C.S. Luxembourg B 97.919.

Par la présente, je soussigné Joseph DELREE, représentant de la SA SPICA ADVISER sise 2A/46 Route d'Eselborn

L-9706 CLERVAUX informe Messieurs les Actionnaires que la SA SPICA ADVISER démissionne de son poste d'Admi-
nistrateur et Administrateur Délégué dans ODC INTERNATIONAL GROUP SA immatriculée sous le N° 97919 dont le
siège se situe 2A/46 Route d'Eselborn L-9706 CLERVAUX à dater d'aujourd'hui

Clervaux, le 8 Août 2011.

SPICA ADVISER SA
Joseph DELREE
Administrateur Unique

Référence de publication: 2011115605/15.
(110130972) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 août 2011.

NLD Activities S.A., Société Anonyme.

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

R.C.S. Luxembourg B 96.819.

NLD ACTIVITIES S.A.
Signatures
Administrateur / Administrateur

Référence de publication: 2011115433/12.
(110131933) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

115058

U X E M B O U R G

Knightlights Property International S.A., Société Anonyme.

Siège social: L-1115 Luxembourg, 2, boulevard Konrad Adenauer.

R.C.S. Luxembourg B 107.499.

Extrait des résolutions prises par

l'assemblée générale en date du 9 août 2011

L'assemblée générale de la Société a accepté la démission de M. David Arnold, M. Brendan O'Mara, Mme Deirdre

Foley, M. François Brouxel et de M. Pierre Metzler de leur fonction d'administrateur de la Société avec date d'effet au 11
août 2011.

L'assemblée générale de la Société a nommé comme administrateurs de la Société avec date d'effet au 11 août 2011

pour une durée déterminée jusqu'à la prochaine assemblée générale approuvant les comptes de l'exercice clôturant le
31 décembre 2011:

- Mme Heike Kubica, employée privée, née le 23 juillet 1974 à Lutherstad Eislebe (Allemagne) demeurant profession-

nellement à 2, boulevard Konrad Adenauer, L-1115 Luxembourg;

- Mme Stéphanie Becker, employée privée, née le 18 janvier 1974 à Bergisch-Gladbach (Allemagne) demeurant pro-

fessionnellement à 2, boulevard Konrad Adenauer, L-1115 Luxembourg;

- Mme Anja Lakoudi, employée privée, née le 23 décembre 1977 à Schlema (Allemagne) demeurant professionnellement

à 2, boulevard Konrad Adenauer, L-1115 Luxembourg.

L'assemblée générale de la Société a pris connaissance de la démission de KPMG Audit S.à r.l. de son mandat de

commissaire aux comptes de la Société, avec date d'effet au 11 août 2011.

L'assemblée générale de la Société a nommé Fiduciaire Patrick Sganzerla S.à r.l., avec siège social au 46, boulevard

Grande-Duchesse Charlotte, L-1026 Luxembourg, inscrite au Registre de Commerce et des Sociétés sous le numéro B
96.848, comme nouveau commissaire aux comptes de la Société, avec effet au 11 août 2011 pour une durée déterminée
jusqu'à la prochaine assemblée générale approuvant les comptes de l'exercice clôturant le 31 décembre 2011.

L'assemblée générale de la Société a décidé de transférer le siège social de la Société du 37, rue d'Anvers, L-1130

Luxembourg au 2, boulevard Konrad Adenauer, L-1115 Luxembourg, avec effet au 11 août 2011.

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

Luxembourg, le 12 août 2011.

Référence de publication: 2011117171/31.
(110134318) Déposé au registre de commerce et des sociétés de Luxembourg, le 17 août 2011.

VPB Finance S.A., Société Anonyme.

Siège social: L-1930 Luxembourg, 26, avenue de la Liberté.

R.C.S. Luxembourg B 42.828.

Auszug aus dem Protokoll der Ordentlichen Generalversammlung der VPB Finance SA. vom 18. Mai 2011

Zu 6.
Die Generalversammlung beschließt die Wiederwahl der Herren Yves de Vos, Romain Moebus, Jos Wautraets und

Rolf Diderrich in den Verwaltungsrat bis zur nächsten Generalversammlung im Jahr 2012.

Für die Richtigkeit des Auszuges
Günther Hinz / Oliver Hermesdorf
Sous Directeur / Sous Directeur

Référence de publication: 2011115578/14.
(110132573) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Minimercado Portugal S.àr.l., Société à responsabilité limitée.

Siège social: L-1221 Luxembourg, 17, rue de Beggen.

R.C.S. Luxembourg B 64.666.

Les comptes annuels au 31 décembre 2008 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2011115756/10.
(110132286) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

115059

U X E M B O U R G

FFS 2 S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1931 Luxembourg, 13-15, avenue de la Liberté.

R.C.S. Luxembourg B 154.817.

Nous vous prions de bien vouloir prendre note du changement d'adresse de Messieurs Mark W. PEARSON et Witsard

SCHAPER, gérants de catégorie A de la Société et ce avec effet rétroactif au 20 juin 2011:

43-45 Portman Square
W1H 6HN London
Royaume-Uni
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 4 août 2011.

Stijn Curfs
Mandataire

Référence de publication: 2011115643/17.
(110131562) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 août 2011.

Mars Propco 35 S.à r.l., Société à responsabilité limitée.

Capital social: EUR 786.875,00.

Siège social: L-5365 Munsbach, 6C, rue Gabriel Lippmann.

R.C.S. Luxembourg B 122.331.

In the year two thousand and eleven, on the twelfth day of the month of May.
Before Us, Maître Henri Hellinckx, notary residing in Luxembourg, Grand Duchy of Luxembourg.

Was held an extraordinary general meeting of the shareholders of Mars Propco 35 S.à r.l. (the "Company"), a société

à responsabilité limitée having its registered office at 2-4, rue Beck, L-1222 Luxembourg, registered with the Registre de
Commerce et des Sociétés in Luxembourg under number B 122.331, incorporated by deed of the prenamed notary,
dated 24

November 2006, published in the Mémorial C, Recueil des Sociétés et Associations (the "Mémorial") number

100 of 2

February 2007. The articles of incorporation of the Company have been amended several times and for the

last time on 10 May 2011 by deed of Maître Henri Hellinckx, notary residing in Luxembourg.

The meeting was presided by Me Ralph BEYER, Rechtsanwalt, residing in Luxembourg.
There was appointed as secretary Me Quentin HUBEAU, avocat, residing in Luxembourg, and as scrutineer Me Susanne

GOLDACKER, maître en droit, residing in Luxembourg.

The bureau having thus been constituted, the chairman declared and requested the notary to state that:
I. The shareholders represented and the number of shares held by them are shown on an attendance list signed by

the proxyholders, the chairman, the secretary, the scrutineer and the undersigned notary. The said list, as well as the
proxies, will remain attached to this document to be filed with it with the registration authorities.

II. It appears from said attendance list that all thirty-one thousand four hundred and seventy-five (31,475) shares in

issue were represented at the present meeting.

III. All shareholders represented declared having had sufficient prior knowledge of the agenda of the meeting and

waived their rights to any prior convening notice thereof so that the meeting can validly decide on all items of the agenda.

IV. The present meeting is regularly constituted and may validly deliberate on the agenda set out below:

Agenda:

A. Transfer of the registered office of the Company from 2-4, rue Beck, L-1222 Luxembourg, Grand Duchy of Lu-

xembourg to 6C, rue Gabriel Lippmann, L-5365 Munsbach, Grand Duchy of Luxembourg;

B. Consequent amendment of the first paragraph of article 4 of the articles of association of the Company, so as to

read as follows:

" Art. 4. Registered Office. The Company has its registered office in the municipality of Schuttrange, Grand Duchy of

Luxembourg. It may be transferred to any other place in the Grand Duchy of Luxembourg by means of a resolution of
an extraordinary general meeting of its shareholders deliberating in the manner provided for amendments to the articles
of association."

C. Miscellaneous.
The above having been approved by the meeting, the following resolution was unanimously passed:

115060

U X E M B O U R G

Sole resolution

The meeting resolved to transfer the registered office of the Company from 2-4, rue Beck, L-1222 Luxembourg, Grand

Duchy of Luxembourg to 6C, rue Gabriel Lippmann, L-5365 Munsbach, Grand Duchy of Luxembourg.

As a consequence of the above resolution, the meeting resolved to amend the first paragraph of article 4 of the articles

of incorporation of the Company, so as to read as follows:

" Art. 4. Registered Office. The Company has its registered office in the municipality of Schuttrange, Grand Duchy of

There being no further item on the agenda and all agenda items having been considered and resolved upon, the meeting

was closed.

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

party hereto, these minutes are drafted in English followed by a French translation; at the request of the same appearing
person in case of divergences between the English and French version, the English version will prevail.

Whereof the present deed was drawn up in Luxembourg, on the day before mentioned.
After reading these minutes the bureau signed together with the undersigned notary the present deed.

Suit la traduction française du texte qui précède:

L'an deux mil onze, le douzième jour du mois de mai.
Par-devant Nous, Maître Henri Hellinckx, notaire de résidence à Luxembourg, Grand-Duché de Luxembourg.

S'est tenue une assemblée générale extraordinaire des associés de Mars Propco 35 S.à r.l. (la «Société»), une société

à responsabilité limitée ayant son siège social au 2-4, rue Beck, L-1222 Luxembourg, immatriculée auprès du Registre de
Commerce et des Sociétés de Luxembourg sous le numéro B 122.331, constituée le 24 novembre 2006 suivant acte reçu
par le notaire précité, publié au Mémorial C, Recueil des Sociétés et Associations (le «Mémorial») numéro 100 du 2
février 2007. Les statuts de la Société ont été modifiés à plusieurs reprises, et ce pour la dernière fois le 10 mai 2011 par
acte de Maître Henri Hellinckx, notaire de résidence à Luxembourg.

L'assemblée était présidée par Me Ralph BEYER, Rechtsanwalt, demeurant à Luxembourg.
A été nommé en tant que secrétaire Me Quentin HUBEAU, avocat, demeurant à Luxembourg, et en tant que scrutateur

Me Susanne GOLDACKER, maître en droit, demeurant à Luxembourg.

Le bureau ayant été constitué, le président a déclaré et prié au notaire d'acter ce qui suit:
I. Les associés représentés et le nombre de parts sociales qu'ils détiennent figurent sur la liste de présence signée par

les mandataires, le président, le secrétaire, le scrutateur et le notaire soussigné. Ladite liste ainsi que les procurations
resteront annexées au présent document pour être soumises avec lui aux formalités d'enregistrement.

II. Il résulte de ladite liste de présence que l'intégralité des trente et un mille quatre cent soixante-quinze (31.475) parts

sociales émises étaient représentées à la présente assemblée.

III. Tous les associés représentés ont déclaré avoir préalablement pris connaissance de l'ordre du jour de l'assemblée

et ont renoncé à leur droit d'avoir une convocation préalable afin que l'assemblée puisse valablement prendre des déci-
sions sur tous les points figurants à l'ordre du jour.

IV. La présente assemblée est dûment constituée et peut délibérer valablement sur les points de l'ordre du jour énoncé

ci-après:

Agenda:

A. Transfert du siège social de la Société du 2-4, rue Beck, L-1222 Luxembourg, Grand-Duché de Luxembourg au 6C,

rue Gabriel Lippmann, L-5365 Munsbach, Grand-Duché de Luxembourg;

B. Par conséquent, modification du premier paragraphe de l'article 4 des statuts de la Société, de sorte qu'il ait la teneur

« Art. 4. Siège social. La Société a son siège social auprès de la commune de Schuttrange, Grand-Duché de Luxembourg.

Il peut être transféré à tout autre endroit au Luxembourg par le biais d'une résolution d'une assemblée générale ex-
traordinaire de ses associés délibérant de la manière prévue dans les statuts.»

C. Divers.
Une fois que ce qui précède a été approuvé par les membres de l'assemblée, la résolution suivante a été adoptée:

Résolution unique

L'assemblée a décidé de transférer le siège social de la Société du 2-4, rue Beck, L-1222 Luxembourg, Grand-Duché

de Luxembourg, au 6C, rue Gabriel Lippmann, L-5365 Munsbach, Grand-Duché de Luxembourg.

En conséquence de la résolution précitée, l'assemblée a décidé de modifier le premier paragraphe de l'article 4 des

statuts de la Société, de sorte qu'il ait la teneur suivante:

115061

U X E M B O U R G

« Art. 4. Siège social. Le siège social de la Société est établi dans la commune de Schuttrange, Grand-Duché de Lu-

xembourg. Il pourra être transféré en toute autre localité du Grand-Duché de Luxembourg par une résolution prise par
l'assemblée générale extraordinaire des associés délibérant dans les conditions requises pour une modification des sta-
tuts.»

Plus rien ne figurant à l'ordre du jour, et tous les points y figurant ayant été pris en considération, l'assemblée a été

clôturée.

Le notaire soussigné qui comprend et parle anglais, déclare par le présent qu'à la requête de la partie comparante, cet

acte est rédigé en anglais suivi d'une traduction française. A la requête de la même partie comparante, la version anglaise
fera foi en cas de divergences entre la version française et la version anglaise.

Dont Acte, fait et passé à Luxembourg, à la même date qu'en tête des présentes.
Après lecture du présent procès-verbal, le bureau a signé le présent acte avec le notaire soussigné.
Signé: R. BEYER, Q. HUBEAU, S. GOLDACKER et H. HELLINCKX.
Enregistré à Luxembourg A.C., le 19 mai 2011. Relation: LAC/2011/23041. Reçu soixante-quinze euros (75,- EUR).

Le Receveur

(signé): F. SANDT.

POUR EXPEDITION CONFORME, délivrée à la société sur demande.

Luxembourg, le 13 juillet 2011.

Référence de publication: 2011116008/109.
(110133133) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 août 2011.

MBT Luxembourg S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1130 Luxembourg, 37, rue d'Anvers.

R.C.S. Luxembourg B 156.048.

Extrait des résolutions prises par l’associé unique en date du 11 août 2011

L'associé unique de la Société a accepté la démission de M. Martin Jan SCHINKELSHOEK de ses fonctions de gérant

de catégorie B de la Société avec date d’effet au 11 août 2011.

L'associé unique de la Société a nommé M. Mogens Berg ANDERSEN, né le 24 décembre 1964 à Hjorring (Danemark),

demeurant professionnellement à Grubenstrasse 33B, 6315 Oberägeri (Suisse) comme gérant de catégorie B de la Société,
avec date d’effet au 11 août 2011 pour une durée indéterminée.

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

Luxembourg, le 12 août 2011.

Référence de publication: 2011116025/16.
(110133265) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 août 2011.

EUREFI S.A., European Repro Finance S.A., Société Anonyme Holding.

Siège social: L-2530 Luxembourg, 4, rue Henri M. Schnadt.

R.C.S. Luxembourg B 36.110.

Les actionnaires de la société EUROPEAN REPRO FINANCE S.A. (EUREFI S.A.) réunis en Assemblée Générale Ex-

traordinaire tenant lieu d'Assemblée Générale Ordinaire annuelle du 28 juillet 2011, ont décidé à l'unanimité, de prendre
les résolutions suivantes:

L'Assemblée générale constatant que le mandat des Administrateurs de:
- Monsieur Charles KIEFFER, commerçant, demeurant professionnellement 55, route de Luxembourg, L-8440 Steinfort
- Madame Suzette ELSEN, employé prive, demeurant professionnellement 55, route de Luxembourg, L-8440 Steinfort
- Monsieur Armand DISTAVE, conseiller économique et fiscal, demeurant professionnellement 4, rue Henri Schnadt

à L-2530 Luxembourg

- Monsieur Frank BADEN, notaire, demeurant professionnellement 17, rue des Bains, L-1212 Luxembourg
- Monsieur Carlo SCHLESSER, employé privé, demeurant professionnellement 412F, route d'Esch à L-2086 Luxem-

bourg

- Monsieur Victor BACKES, retraité, demeurant 3, rue de Steinfort à L-8371 Hobscheid
est arrivé à échéance, elle décide dès lors, à l'unanimité, de les réélire pour un nouveau mandat d'une durée d'un an,

c'est-a-dire jusqu'à l'assemblée générale qui se tiendra en 2012.

Par ailleurs, l'Assemblée générale décide de nommer:

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- Monsieur Patrick MERGEN, directeur, né le 1

Mai 1971 à Luxembourg, demeurant à L-8415 Steinfort, 13, rue

Herrenfeld

au poste d'administrateur pour une durée d'un an, c'est-à-dire jusqu'à l'assemblée générale qui se tiendra en 2012.
D'autre part, le mandat de commissaire de:
- LUX-AUDIT S.A., ayant son siège social à L-1510 Luxembourg, 57, avenue de la Faïencerie,
étant arrivé à expiration, l'assemblée générale décide de le renouveler pour une nouvelle période d'un an, soit jusqu'à

l'assemblée générale ordinaire qui se tiendra en 2012.

Il résulte des décisions prises par le conseil d'administration en date du 28 juillet 2011 que:
- Monsieur Charles KIEFFER, a été nommé Président du Conseil d'Administration et Administrateur-délégué pour la

durée de son mandat d'administrateur de la société qui prendra fin à l'issue de l'assemblée générale annuelle des action-
naires qui se tiendra en 2012.

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

Luxembourg, le 29 juillet 2011.

Pour la Société
Un mandataire

Référence de publication: 2011117087/37.
(110134718) Déposé au registre de commerce et des sociétés de Luxembourg, le 17 août 2011.

Fizzbikes Distribution S.A., Société Anonyme.

Siège social: L-5326 Contern, 8, rue de l'Etang.

R.C.S. Luxembourg B 117.385.

Extrait des résolutions prises par l'assemblée

générale extraordinaire des actionnaires du 18 juillet 2011

1. Est révoquée de ses fonctions d'administrateur unique Madame Andonasaina Annie RAMANARIVO avec effet au

18 juillet 2011.

2. Est nommé en remplacement pour une durée indéterminée aux fonctions d'administrateur unique de la société,

Monsieur Louis PERELLE, né le 21 juin 1990 à Nancy, gérant de sociétés, demeurant à F-54000 Nancy, 53, rue du Faubourg
des Trois Maisons avec effet au 18 juillet 2011.

Pour FIZZBIKES DISTRUBUTION S.A.
Louis PERELLE
L'administrateur unique

Référence de publication: 2011115647/17.
(110131824) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 août 2011.

Minimercado Portugal S.àr.l., Société à responsabilité limitée.

Siège social: L-1221 Luxembourg, 17, rue de Beggen.

R.C.S. Luxembourg B 64.666.

Les comptes annuels au 31 décembre 2009 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2011115757/10.
(110132289) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Mobilier et Jardin S.A., Société Anonyme.

Siège social: L-4972 Dippach, 55B, route de Luxembourg.

R.C.S. Luxembourg B 124.394.

Signature.

Référence de publication: 2011115758/10.
(110132262) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

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U X E M B O U R G

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

Capital social: EUR 120.615,00.

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

R.C.S. Luxembourg B 153.900.

Extrait des résolutions prises par les

associés de la Société en date du 8 juillet 2011

En date du 8 juillet 2011, les associés de la Société ont pris les résolutions suivantes:
- d'accepter la démission de Monsieur Eric M. RUTTENBERG de son mandat de gérant de classe A de la Société avec

effet immédiat;

- de nommer Monsieur William Martin SHOCKLEY, né le 15 août 1961 à Pennsylvania, Etats-Unis d'Amérique, ayant

comme adresse professionnelle: 800, Third Avenue, 10022 New York, Etats-Unis d'Amérique, en tant que nouveau gérant
de classe A de la Société avec effet immédiat et ce pour une durée indéterminée.

Le conseil de gérance de la Société est désormais composé comme suit:
- Gabriel YUEN, gérant de classe A,
- William Martin SHOCKLEY, gérant de classe A,
- Michel E. RAFFOUL, gérant de classe B.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 17 août 2011.

DODUCO S.à r.l.
Signature

Référence de publication: 2011117059/24.
(110134677) Déposé au registre de commerce et des sociétés de Luxembourg, le 17 août 2011.

Neweb Creations S.à r.l., Société à responsabilité limitée.

Siège social: L-9265 Diekirch, 6, rue du Palais.

R.C.S. Luxembourg B 141.142.

Les comptes annuels au 31.12.2009 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2011115761/10.
(110132170) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Newstar S.A., Société Anonyme.

Siège social: L-1226 Luxembourg, 20, rue J.-P. Beicht.

R.C.S. Luxembourg B 80.120.

Le Bilan au 31 décembre 2010 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2011115762/10.
(110132171) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Phase III Development Company S.à r.l., Société à responsabilité limitée.

Siège social: L-1611 Luxembourg, 41, avenue de la Gare.

R.C.S. Luxembourg B 149.295.

Christophe Gammal / Kenneth Macleod
Gérant classe A / Gérant classe B

Référence de publication: 2011115767/11.
(110132501) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

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U X E M B O U R G

Capital International Portfolios 2, Société d'Investissement à Capital Variable.

Siège social: L-2633 Senningerberg, 6C, route de Trèves.

R.C.S. Luxembourg B 139.643.

Extrait des Décisions prises lors de l'Assemblée

Générale Annuelle des Actionnaires du 26 juillet 2011

Composition du Conseil d'Administration

Il a été décidé d'approuver la réélection de Monsieur Hamish Forsyth, de Monsieur Sinisa Vacic et de Monsieur Fabrice

Remy en tant qu'Administrateurs de la Société pour un an, avec pour échéance l'issue de l'Assemblée Générale Annuelle
des Actionnaires qui se tiendra en juillet 2012.

Auditeurs

Il a été décidé de réélire PricewaterhouseCoopers S.à r.l. en tant que réviseur d'entreprises pour un an, avec pour

échéance l'issue de l'Assemblée Générale Annuelle des Actionnaires qui se tiendra en juillet 2012.

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

Senningerberg, le 17 août 2011.

Pour Capital International Portfolios 2
Mara Marangelli
Pour le compte de J.P. Morgan Bank Luxembourg S.A.
Company Administration
En tant qu'Agent Domiciliataire

Référence de publication: 2011118025/23.
(110134626) Déposé au registre de commerce et des sociétés de Luxembourg, le 17 août 2011.

Portfolio EDMOND DE ROTHSCHILD FUND, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 68.029.

Les comptes annuels au 31 mars 2011 et la distribution de dividende relative à l'Assemblée Générale Ordinaire du 15

juillet 2011 ont été déposés au registre de commerce et des sociétés de Luxembourg.

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

Luxembourg, le 9 août 2011.

Katie AGNES / Claire-Ingrid BERGÉ
Mandataire Principal / Fondée de Pouvoir

Référence de publication: 2011115768/13.
(110132521) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

4 Pat, Société à responsabilité limitée.

Siège social: L-4490 Belvaux, 27, rue de l'Usine.

R.C.S. Luxembourg B 162.879.

STATUTS

L'an deux mille onze, le vingt-huit juillet.
Par-devant Maître Jean-Joseph WAGNER, notaire de résidence à Sanem (Grand-Duché de Luxembourg).

A comparu:

Madame Myriam PATIES, née le 12 juillet 1967 à Thionville, demeurant au 41 Belle Vue, L-3815 Schifflange.
Laquelle personne comparante a requis le notaire instrumentant de dresser acte constitutif d'une société à respon-

sabilité limitée qu'elle déclare constituer par les présentes et dont elle a arrêté les statuts comme suit:

Titre I

. - Objet - Raison sociale - Durée

Art. 1

. Il est formé par la présente une société à responsabilité limitée luxembourgeoise qui sera régie par les lois

y relatives, ainsi que par les présents statuts.

Art. 2. La société a pour objet la vente d'articles de sport, de vêtements, de cycles, d'objets publicitaires, de produits

de jardinage, d'accessoires et d'aliments pour animaux ainsi que tous les services aux animaux de compagnie.

115065

U X E M B O U R G

La société pourra effectuer toutes opérations commerciales, industrielles, immobilières, mobilières et financières,

pouvant se rapporter directement ou indirectement aux activités ci-dessus décrites ou susceptibles d'en faciliter l'ac-
complissement.

Art. 3. La société est constituée pour une durée illimitée.

Art. 4. La société prend la dénomination de «4 PAT», société à responsabilité limitée.

Art. 5. Le siège social est établi dans la commune de Sanem.
Il peut être transféré en toute autre localité du Grand-Duché de Luxembourg en vertu d'une décision de l'assemblée

générale des associés.

La Société peut ouvrir des agences ou succursales au Luxembourg ou à l'étranger.

Titre II. - Capital social - Parts sociales

Art. 6. Le capital social est fixé à DOUZE MILLE CINQ CENTS EUROS (12'500.- EUR) représenté par cinq cents

(500) parts sociales d'une valeur nominale de VINGT-CINQ EUROS (25.- EUR) chacune.

Toutes les cinq cents (500) parts sociales ont été entièrement souscrites par Madame Myriam PATIES, préqualifiée,

et ont été libérées intégralement en numéraire de sorte que la somme de DOUZE MILLE CINQ CENTS EUROS (12'500.-
EUR) se trouve dès à présent à la libre disposition de la société, ainsi qu'il en a été justifié au notaire instrumentaire qui
le constate expressément.

Art. 7. Les parts sociales ne peuvent être cédées entre vifs ou pour cause de mort à des non-associés que moyennant

l'accord unanime de tous les associés.

En cas de cession à un non-associé, les associés restants ont un droit de préemption. Ils doivent l'exercer endéans les

trente jours à partir de la date du refus de cession à un non-associé. En cas d'exercice de ce droit de préemption, la valeur
de rachat des parts est calculée conformément aux dispositions des alinéas 6 et 7 de l'article 189 de la loi sur les sociétés
commerciales.

Art. 8. Le décès, l'interdiction, la faillite ou la déconfiture de l'un des associés, voire de l'associé unique, ne mettent

pas fin à la société.

Art. 9. Les créanciers, ayants-droit ou héritiers d'un associé ne pourront pour quelque motif que ce soit, faire apposer

des scellés sur les biens et documents de la société, ni s'immiscer en aucune manière dans les actes de son administration;
pour faire valoir leurs droits, ils devront se tenir aux valeurs constatées dans les derniers bilan et inventaire de la société.

Titre III. - Administration et Gérance

Art. 10. La société est administrée par un ou plusieurs gérants, associés ou non, nommés et révocables à tout moment

par l'assemblée générale qui fixe leurs pouvoirs et leurs rémunérations.

Vis-à-vis des tiers la société n'est engagée en toutes circonstances que par la signature individuelle du gérant unique

ou lorsqu'ils sont plusieurs, par la signature conjointe de deux gérants, sauf dispositions contraires fixées par l'assemblée
générale extraordinaire des associés.

Art. 11. Chaque associé peut participer aux décisions collectives quel que soit le nombre des parts qui lui appartiennent;

chaque associé a un nombre de voix égal au nombre de parts sociales qu'il possède. Chaque associé peut se faire vala-
blement représenter aux assemblées par un porteur de procuration spéciale.

Art. 12. Les décisions collectives ne sont valablement prises que pour autant qu'elles sont adoptées par les associés

représentant plus de la moitié du capital social.

Les modifications des statuts doivent être décidées à la majorité des associés représentant les trois quarts (3/4) du

capital social. Néanmoins le changement de nationalité de la société requiert l'unanimité des voix des associés.

Art. 13. Lorsque la société ne comporte qu'un seul associé, les pouvoirs attribués par la loi ou les statuts à l'assemblée

générale sont exercés par celui-ci.

Art. 14. Le ou les gérants ne contractent, à raison de leur fonction, aucune obligation personnelle relativement aux

engagements régulièrement pris par eux au nom de la société; simples mandataires, ils ne sont responsables que de
l'exécution de leur mandat.

Art. 15. Une partie du bénéfice disponible pourra être attribuée à titre de gratification aux gérants par décision des

associés.

Art. 16. L'année sociale commence le premier janvier et finit le trente et un décembre de chaque année.

Titre IV. - Dissolution - Liquidation

Art. 17. Lors de la dissolution de la société, la liquidation sera faite par un ou plusieurs liquidateurs, associés ou non,

nommés par les associés, qui en fixeront les pouvoirs et émoluments.

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U X E M B O U R G

Titre V. - Dispositions générales

Art. 18. Pour tout ce qui n'est pas prévu dans les présents statuts, les associés s'en réfèrent aux dispositions légales.

Disposition transitoire

Par dérogation, le premier exercice commence aujourd'hui-même pour se terminer le 31 décembre 2012.

Frais

Les frais, dépenses, rémunérations et charges, sous quelque forme que ce soit, qui incombent à la société ou qui sont

mis à sa charge, à raison de sa constitution sont évalués à huit cents euros.

Résolutions de l'associé unique

Et aussitôt l'associé unique représentant l'intégralité du capital social a pris les résolutions suivantes:
1.- Le siège social de la société est établi au 27 rue de l'Usine, L-4490 Belvaux.
2.- Est nommée gérante unique de la société pour une durée indéterminée:
Madame Myriam PATIES, née le 12 juillet 1967 à Thionville, demeurant au 41 Belle Vue, L-3815 Schifflange.
Vis-à-vis des tiers, le gérant a les pouvoirs les plus étendus pour agir au nom de la société en toutes circonstances et

l'engager valablement par sa seule signature.

3.- Le gérant prénommé pourra nommer un ou plusieurs agents, fixer leurs pouvoirs et attributions et les révoquer.

Remarque

Avant la clôture des présentes, le notaire instrumentant a attiré l'attention de la partie constituante sur la nécessité

d'obtenir des autorités compétentes les autorisations requises pour exercer les activités plus amplement décrites comme
objet social à l'article deux des présents statuts.

Dont acte, fait et passé à Belvaux, en l'étude du notaire soussigné, les jour, mois et an qu'en tête des présentes.
Et après lecture faite et interprétation donnée par le notaire instrumentant, la personne comparante prémentionnée

a signé avec le notaire le présent acte.

Signé: M. PATIES, J.-J. WAGNER.
Enregistré à Esch-sur-Alzette A.C., le 3 août 2011. Relation: EAC/2011/10523. Reçu soixante-quinze Euros (75.- EUR).

Le Receveur (signé): SANTIONI.

Référence de publication: 2011117355/95.
(110134369) Déposé au registre de commerce et des sociétés de Luxembourg, le 17 août 2011.

Provac S.àr.l., Société à responsabilité limitée.

Siège social: L-8282 Kehlen, 9, rue de Keispelt.

R.C.S. Luxembourg B 103.176.

Signature.

Référence de publication: 2011115769/10.
(110132575) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

QM Holdings 4 S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1855 Luxembourg, 46A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 116.471.

Il résulte des décisions prises par les associés de la Société en date du 17 juin 2011:
1. Démission de Monsieur Germain Senlis de ses fonctions de Gérant de catégorie A de la Société, démission prenant

effet le 17 juin 2011.

2. Election de Madame Amy Maria Kelly, née le 3 avril 1978 à Dublin, Irlande, demeurant professionnellement au 8

Floor, 1 Knightsbridge Green, SW1X 7NE Londres, Royaume-Uni, en tant que Gérant de catégorie A pour une durée

indéterminée à partir du 17 juin 2011.

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

115067

U X E M B O U R G

QM Holdings 4 S.à r.l.
Jean-Jacques Josset
Gérant B

Référence de publication: 2011115774/18.
(110132352) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Provac S.àr.l., Société à responsabilité limitée.

Siège social: L-8282 Kehlen, 9, rue de Keispelt.

R.C.S. Luxembourg B 103.176.

Signature.

Référence de publication: 2011115770/10.
(110132577) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Quaesta Capital Umbrella SICAV-SIF, Société Anonyme sous la forme d'une SICAV - Fonds d'Investis-

sement Spécialisé.

Siège social: L-2520 Luxembourg, 5, allée Scheffer.

R.C.S. Luxembourg B 138.552.

Pour Quaesta Capital Umbrella Sicav SIF
Caceis Bank Luxembourg
Signatures

Référence de publication: 2011115771/13.
(110132335) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Lux Technology S.A., Société Anonyme.

Siège social: L-2449 Luxembourg, 25C, boulevard Royal.

R.C.S. Luxembourg B 145.797.

EXTRAIT

Il résulte du procès-verbal de l'assemblée générale ordinaire tenue extraordinairement de l'actionnaire unique de la

société, tenue à la date du 03 août 2011, que

l'assemblée a décidé d'augmenter le nombre d'administrateur de 3 (trois) à 4 (quatre) et de nommer comme nouvel

administrateur Madame Bavera ALlYEVA, designer, née le 04 février 1972 à Dagestan (Russie), demeurant à Shahsuvarov
Street 31 - apt. 32, Baku, Hovsan district, Azerbaïdjan

Son mandat prendra fin lors de l'assemblée générale de l'an 2016.
L'assemblée a pris note du changement d'adresse de l'administrateur et administrateur-délégué la société JAVA CON-

SULTANCY S à R L dont le siège social est le 25C, boulevard Royal, L-2449 Luxembourg. L'assemblée a pris note du
changement d'adresse de l'administrateur Madame Eva RODICK, dont l'adresse professionnelle est le 25C, boulevard
Royal, L-2449 Luxembourg.

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

Luxembourg, le 03 août 2011.

Pour extrait conforme
Pour le Conseil d'Administration
Eva Rodick

Référence de publication: 2011118548/23.
(110135166) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 août 2011.

115068

U X E M B O U R G

QM Holdings 5 S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1855 Luxembourg, 46A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 116.462.

effet le 17 juin 2011.

2. Election de Madame Amy Maria Kelly, née le 3 avril 1978 à Dublin, Irlande, demeurant professionnellement au 8

Floor, 1 Knightsbridge Green, SW1X 7NE Londres, Royaume-Uni, en tant que Gérant de catégorie A pour une durée

indéterminée à partir du 17 juin 2011.

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

QM Holdings 5 S.à r.l.
Jean-Jacques Josset
Gérant B

Référence de publication: 2011115775/18.
(110132357) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Smeraldo S.A., Société Anonyme.

Siège social: L-1219 Luxembourg, 17, rue Beaumont.

R.C.S. Luxembourg B 119.033.

Messieurs Alexis DE BERNARDI, Jean-Marc HEITZ et Daniele MARIANI démissionnent de leur poste d'administra-

teurs.

Monsieur Mohammed KARA démissionne de son poste de commissaire aux comptes.

Luxembourg, le 12 août 2011.

Pour extrait sincère et conforme
Pour SMERALDO S.A.
MANACO S.A.
Alexis DE BERNARDI
Administrateur

Référence de publication: 2011116121/16.
(110132871) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 août 2011.

Scimdorf S.A., Société Anonyme.

Siège social: L-2220 Luxembourg, 560, rue de Neudorf.

R.C.S. Luxembourg B 85.548.

CLÔTURE DE LIQUIDATION

Il résulte du procès-verbal de l'Assemblée Générale Extraordinaire tenue en date du 31 décembre 2010 que:
1) L'assemblée prononce la clôture de la liquidation et constate que la société «SCIMDORF SA» a définitivement cessé

d'exister.

2) L'assemblée décide que les livres et documents sociaux seront déposés et conservés pour une durée de cinq ans à

partir d'aujourd'hui au 560, rue de Neudorf L-2220 Luxembourg.

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

Luxembourg, le 08 août 2011.

Pour extrait conforme
Signature

Référence de publication: 2011115777/17.
(110132364) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

115069

U X E M B O U R G

TA EU Acquisitions III S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1150 Luxembourg, 291, route d'Arlon.

R.C.S. Luxembourg B 161.383.

Extrait des contrats de cession de parts de la Société

En vertu de l'acte de transfert de parts prenant effet au 12 mai 2011,

TA Strategic Partners Fund II-A L.P., ayant son siège social à The Corporation Trust Company, Corporation Trust

Center, 1209 Orange Street, Wilmington, New Castle, 19801, Etats-Unis d'Amérique, a transféré 63 parts sociales de
catégorie A, 63 parts sociales de catégorie B, 63 parts sociales de catégorie C, 63 parts sociales de catégorie D, 63 parts
sociales de catégorie E, 63 parts sociales de catégorie F, 63 parts sociales de catégorie G, 63 parts sociales de catégorie
H, 63 parts sociales de catégorie I et 63 parts sociales de catégorie J détenues dans la Société à TA XI L.P., ayant son
siège social à The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle,
19801, Etats-Unis d'Amérique

TA Strategic Partners Fund II-A L.P., ayant son siège social à The Corporation Trust Company, Corporation Trust

Center, 1209 Orange Street, Wilmington, New Castle, 19801, Etats-Unis d'Amérique a transféré 63 parts sociales de
catégorie A, 63 parts sociales de catégorie B, 63 parts sociales de catégorie C, 63 parts sociales de catégorie D, 63 parts
sociales de catégorie E, 63 parts sociales de catégorie F, 63 parts sociales de catégorie G, 63 parts sociales de catégorie
H, 63 parts sociales de catégorie I et 63 parts sociales de catégorie J détenues dans la Société à TA Atlantic and Pacific
VI L.P., ayant son siège social à The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street,
Wilmington, New Castle, 19801, Etats-Unis d'Amérique

TA Strategic Partners Fund II-A L.P., ayant son siège social à The Corporation Trust Company, Corporation Trust

Center, 1209 Orange Street, Wilmington, New Castle, 19801, Etats-Unis d'Amérique a transféré 63 parts sociales de
catégorie A, 63 parts sociales de catégorie B, 63 parts sociales de catégorie C, 63 parts sociales de catégorie D, 63 parts
sociales de catégorie E, 63 parts sociales de catégorie F, 63 parts sociales de catégorie G, 63 parts sociales de catégorie
H, 63 parts sociales de catégorie I et 63 parts sociales de catégorie J détenues dans la Société à TA Strategic Partners
Fund II L.P., ayant son siège social à The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street,
Wilmington, New Castle, 19801, Etats-Unis d'Amérique

Les parts sociales de la Société sont réparties comme suit:

- TA XI L.P. - 81,451 parts sociales de catégorie A, 81,451 parts sociales de catégorie B, 81,451 parts sociales de

catégorie C, 81,451 parts sociales de catégorie D, 81,451 parts sociales de catégorie E, 81,451 parts sociales de catégorie
F, 81,451 parts sociales de catégorie G, 81,451 parts sociales de catégorie H, 81,451 parts sociales de catégorie I et 81,451
parts sociales de catégorie J

- TA Atlantic and Pacific VI L.P. - 35,634 parts sociales de catégorie A, 35,634 parts sociales de catégorie B, 35,634

parts sociales de catégorie C, 35,634 parts sociales de catégorie D, 35,634 parts sociales de catégorie E, 35,634 parts
sociales de catégorie F, 35,634 parts sociales de catégorie G, 35,634 parts sociales de catégorie H, 35,634 parts sociales
de catégorie I et 35,634 parts sociales de catégorie J

- TA Strategic Partners Fund II L.P. - 1,761 parts sociales de catégorie A, 1,761 parts sociales de catégorie B, 1,761

parts sociales de catégorie C, 1,761 parts sociales de catégorie D, 1,761 parts sociales de catégorie E, 1,761 parts sociales
de catégorie F, 1,761 parts sociales de catégorie G, 1,761 parts sociales de catégorie H, 1,761 parts sociales de catégorie
I et 1,761 parts sociales de catégorie J

- TA Strategic Partners Fund II-A L.P. - 61 parts sociales de catégorie A, 61 parts sociales de catégorie B, 61 parts

sociales de catégorie C, 61 parts sociales de catégorie D, 61 parts sociales de catégorie E, 61 parts sociales de catégorie
F, 61 parts sociales de catégorie G, 61 parts sociales de catégorie H, 61 parts sociales de catégorie I et 61 parts sociales
de catégorie J

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

Fait au Luxembourg, le 4 août 2011.

Pour la Société
Signature
Un Mandataire

Référence de publication: 2011116943/53.

(110133501) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 août 2011.

115070

U X E M B O U R G

Euro D.O. S.A., Société Anonyme.

Siège social: L-1521 Luxembourg, 119, rue Adolphe Fischer.

R.C.S. Luxembourg B 79.832.

Les comptes annuels au 31.12.2008 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2011115778/10.
(110132195) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Senna Cordonnerie Rapide S.A., Société Anonyme.

Siège social: L-7525 Mersch, rue de Colmar-Berg.

R.C.S. Luxembourg B 138.165.

Signature.

Référence de publication: 2011115779/10.
(110132172) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Seven Mills S.A., Société Anonyme.

Siège social: L-1226 Luxembourg, 20, rue J.-P. Beicht.

R.C.S. Luxembourg B 136.740.

Le Bilan au 31 décembre 2008 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2011115780/10.
(110132169) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Capital International Portfolios, Société d'Investissement à Capital Variable.

Siège social: L-2633 Senningerberg, 6C, route de Trèves.

R.C.S. Luxembourg B 125.271.

Extrait des Décisions prises lors de l'Assemblée

Générale Annuelle des Actionnaires du 26 juillet 2011

Composition du Conseil d'Administration
Il a été décidé d'approuver la réélection de Monsieur Hamish Forsyth, Monsieur Sinisa Vacic, Monsieur Stephen Gosz-

tony, Monsieur Laurentius Harrer, Monsieur Luis Freitas de Oliveira, Monsieur Mark Brett et de Monsieur Guido Caratsch
en tant qu'Administrateurs de la Société pour un an, avec pour échéance l'issue de l'Assemblée Générale Annuelle des
Actionnaires qui se tiendra en juillet 2012.

Auditeurs

Il a été décidé de réélire PricewaterhouseCoopers S.à r.l. en tant que réviseur d'entreprises pour un an, avec pour

échéance l'issue de l'Assemblée Générale Annuelle des Actionnaires qui se tiendra en juillet 2012.

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

Senningerberg, le 17 août 2011.

Pour Capital International Portfolios
Mara Marangelli
Au nom et pour le compte de J.P. Morgan Bank Luxembourg S.A.
Company Administration
En tant qu'Agent Domiciliataire

Référence de publication: 2011118024/24.
(110134623) Déposé au registre de commerce et des sociétés de Luxembourg, le 17 août 2011.

115071

U X E M B O U R G

TJT (B) (Luxembourg) Investment Company S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 87.845.

Extrait des résolutions prises par l’associée unique en date du 7 juin 2011

1. Monsieur Jean-Christophe DAUPHIN a démissionné de son mandat de gérant de catégorie B.
2. Monsieur David CATALA, administrateur de sociétés, né à Gand (Belgique), le 19 janvier 1979, demeurant profes-

sionnellement à L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte, a été nommé comme gérant de
catégorie B pour une période illimitée.

Luxembourg, le 12 août 2011.

Pour extrait sincère et conforme
Pour TJT (B) (Luxembourg) Investment Company S.à r.l.
Pour Intertrust (Luxembourg) S.A.

Référence de publication: 2011116141/16.
(110133172) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 août 2011.

Style & Feeling, Société à responsabilité limitée.

Siège social: L-1450 Luxembourg, 9, Côte d'Eich.

R.C.S. Luxembourg B 140.102.

Les comptes annuels au 31/12/2010 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2011115782/9.
(110132619) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Technique & Régulation Développement Luxembourg S.à r.l., Société à responsabilité limitée.

Siège social: L-1470 Luxembourg, 66, route d'Esch.

R.C.S. Luxembourg B 78.566.

A Compter du 17 mai 2011 la société TECHNIQUE & REGULATION DEVELOPPEMENT Luxembourg sàrl enregistré

au numéro RCS B 78566, est domiciliée à l'adresse suivante 66, route d'Esch L-1470 Luxembourg.

Fait à Luxembourg, le 13 juillet 2011.

Référence de publication: 2011115783/10.
(110132151) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

TEIF Germany Dortmund S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 120.742.

Luxembourg, le 10/08/2011.

TMF Management Luxembourg S.A.
Signatures

Référence de publication: 2011115784/12.
(110132633) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

The World Trust Fund, Société d'Investissement à Capital Fixe.

Siège social: L-1855 Luxembourg, 49, avenue J.F. Kennedy.

R.C.S. Luxembourg B 37.154.

Faisant suite à l'assemblée générale du 16 Août 2011, sont re-nommés administrateurs jusqu'à la prochaine assemblée

générale qui sera tenue en 2012:

Duncan BUDGE
James A.CAVE
John M. HIGNETT

115072

U X E M B O U R G

Philip R. McLOUGHLIN
Howard MYLES
Alexander E. ZAGOREOS
Est re-nommé réviseur d'entreprises jusqu'à la prochaine assemblée générale qui sera tenue en 2012:
DELOITTE S.A.
560, rue du Neudorf
L-2220 Luxembourg
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 16 Août 2011.

State Street Bank Luxembourg S.A.
Signature

Référence de publication: 2011118603/23.
(110135332) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 août 2011.

FLE, Société à responsabilité limitée.

Siège social: L-1420 Luxembourg, 7, avenue Gaston Diderich.

R.C.S. Luxembourg B 146.653.

Extrait des décisions prises par le conseil de gérance en date du 1

er

juin 2011

Le siège social a été transféré de L-1420 Luxembourg, 5, avenue Gaston Diderich à L-1420 Luxembourg, 7, avenue

Gaston Diderich

Luxembourg, le 12 août 2011.

Pour extrait sincère et conforme
Pour FLE
United International Management S.A.

Référence de publication: 2011115911/14.
(110133201) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 août 2011.

TEIF Germany Simmern S.à r.l., Société à responsabilité limitée unipersonnelle,

(anc. KEIF Germany Simmern S.à r.l.).

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

R.C.S. Luxembourg B 132.334.

Luxembourg, le 10/08/2011.

TMF Management Luxembourg S.A.
Signatures

Référence de publication: 2011115785/13.
(110132638) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

TEIF Germany Urbach S.à r.l., Société à responsabilité limitée,

(anc. KEIF Germany Urbach S.à r.l.).

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

R.C.S. Luxembourg B 120.735.

Luxembourg, le 10/08/2011.

TMF Management Luxembourg S.A.
Signatures

Référence de publication: 2011115786/13.
(110132636) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

115073

U X E M B O U R G

Universal Automation Systems S.A., Société Anonyme.

Siège social: L-3895 Foetz, rue de l'Industrie.

R.C.S. Luxembourg B 20.060.

EXTRAIT

L'assemblée générale du 29 avril 2011 a appelé aux fonctions de commissaire aux comptes pour les exercices 2011,

2012 et 2013

- la S.A. ERNST & YOUNG, demeurant à L - 5365 Munsbach, 7, Parc d'activité Syrdall

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

Foetz, le 9 août 2011.

Pour extrait conforme
LUCHIM CHEMICALS S.A.
A. SECK
Administrateur

Référence de publication: 2011115787/17.
(110132158) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

AC Property SA, Société Anonyme.

Siège social: L-1528 Luxembourg, 16A, boulevard de la Foire.

R.C.S. Luxembourg B 146.721.

Les comptes annuels au 31 décembre 2010, ainsi que les informations et documents annexes ont été déposés au

registre de commerce et des sociétés de Luxembourg.

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

Luxembourg.

Signature.

Référence de publication: 2011115809/11.
(110133339) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 août 2011.

Vantage Partnership I S.C.A., SICAR, Société en Commandite par Actions sous la forme d'une Société

d'Investissement en Capital à Risque.

Siège social: L-2453 Luxembourg, 19, rue Eugène Ruppert.

R.C.S. Luxembourg B 154.709.

Extrait sincère et conforme
Vantage Partnership I S.C.A., SICAR
Signature

Référence de publication: 2011115788/13.
(110132497) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

239 Finance S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 98.147.

Luxembourg, le 04/08/2011.

TMF Management Luxembourg S.A.
Signatures

Référence de publication: 2011115790/12.
(110132307) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

115074

U X E M B O U R G

3Lux Finance S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 150.160.

Luxembourg, le 04/08/2011.

TMF Management Luxembourg S.A.
Signatures

Référence de publication: 2011115791/12.
(110132309) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 août 2011.

Chauffage Sauerwiss S.A., Société Anonyme.

Capital social: EUR 1.401.837,88.

Siège social: L-1278 Luxembourg, 5, rue Tony Bourg.

R.C.S. Luxembourg B 51.677.

Extrait du procès-verbal de l’assemblée générale ordinaire des actionnaires tenue à Luxembourg le 28 avril 2011 à 18.30 heures

L’assemblée renouvelle les mandats d’administrateur de Messieurs Daniel MILTGEN, Paul EMERING et Daniel RED-

ING pour une période venant à échéance lors de l’assemblée générale qui se tiendra en l’année 2012 pour statuer sur
les comptes de l’exercice se clôturant le 31 décembre 2011.

L’assemblée renouvelle le mandat du Commissaire H.R.T. Révision S.A., pour une période venant à échéance lors de

l’assemblée générale qui se tiendra en l’année 2012 pour statuer sur les comptes de l’exercice se clôturant le 31 décembre
2011.

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

Luxembourg, le 28 avril 2011.

Référence de publication: 2011115864/17.
(110132856) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 août 2011.

Inversiones Caudal I S.à r.l., Société à responsabilité limitée.

Siège social: L-2453 Luxembourg, 5D, rue Eugène Ruppert.

R.C.S. Luxembourg B 132.966.

Les comptes annuels au 31 décembre 2010 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2011122201/9.
(110139813) Déposé au registre de commerce et des sociétés de Luxembourg, le 29 août 2011.

European Properties S.à r.l., Société à responsabilité limitée.

Capital social: EUR 3.362.150,00.

Siège social: L-1930 Luxembourg, 34, avenue de la Liberté.

R.C.S. Luxembourg B 121.620.

EXTRAIT

Il résulte des résolutions de l’associée unique de la Société en date du 19 Aout 2011, que:
- M. Timo Hirte, ayant son adresse professionnelle au 34 avenue de la Liberté, L-1930 Luxembourg, Grand Duché de

Luxembourg, a demissioné de son mandat d’administrateur de la Société avec effet au 29 Juillet 2011.

- Mademoiselle Audrey Nangle, ayant son adresse professionnelle au 34 avenue de la Liberté, L-1930 Luxembourg,

Grand Duché de Luxembourg, a demissioné de son mandat d’administrateur de la Société avec effet au 14 Juillet 2011.

- Mademoiselle Elena Toshkova, ayant son adresse professionnelle au 34 avenue de la Liberté, L-1930 Luxembourg,

Grand Duché de Luxembourg, a été nommé administrateur de la Société avec effet au 29 Juillet 2011.

- M. Mark Flaherty, ayant son adresse professionnelle au 34 avenue de la Liberté, L-1930 Luxembourg, Grand Duché

de Luxembourg, a été nommé administrateur de la Société avec effet au 29 Juillet 2011.

115075

U X E M B O U R G

Pour extrait conforme,

A Luxembourg, le 22 aout 2011.

Référence de publication: 2011118833/20.
(110136432) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 août 2011.

Electro Viaduc S.à r.l., Société à responsabilité limitée.

Siège social: L-1160 Luxembourg, 6-10, boulevard d'Avranches.

R.C.S. Luxembourg B 22.564.

EXTRAIT

A l’unanimité des voix l’assemblée générale accepte la démission de Monsieur Mark FILING, né le 17 mai 1945 à

Grantham and West Kesteven, Royaume-Uni, demeurant à L-1160 Luxembourg, 6-10, boulevard d’Avranches, comme
gérant à partir du 18 juillet 2011.

Sont nommés gérants avec effet au 18 juillet 2011:
- Monsieur Giovanni LADENER, né le 16.05.1976 à Thionville (France), demeurant à L-5828 Fentange, 19, rue Ge-

waennchen

- Monsieur Michel MILLIM, né le 18.03.1977 à Esch/Alzette, demeurant à F-57300 Hagondange, 4, rue Paul Vaillant

Couturier.

La société est valablement engagée par les signatures conjointes des gérants.

Luxembourg, le 25 juillet 2011.

Pour extrait conforme
ELECTRO-VIADUC SARL

Référence de publication: 2011118837/20.
(110136190) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 août 2011.

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

Capital social: EUR 513.500,00.

Siège social: L-1882 Luxembourg, 5, rue Guillaume Kroll.

R.C.S. Luxembourg B 92.176.

Les comptes consolidés au 31 décembre 2010 ont été déposés au registre de commerce et des sociétés de Luxem-

bourg.

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

Luxembourg, le 18 août 2011.

Signature.

Référence de publication: 2011118832/12.
(110136675) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 août 2011.

Merlin Entertainments S.à r.l., Société à responsabilité limitée.

Capital social: EUR 1.562.718,45.

Siège social: L-1273 Luxembourg, 19, rue de Bitbourg.

R.C.S. Luxembourg B 154.309.

In the year two thousand and eleven, on the twenty second day of June.
Before Maître Carlo Wersandt, notary residing in Luxembourg, acting in replacement of Maître Henri Hellinckx, notary

residing in Luxembourg, who will be the depositary of the present deed.

There appeared:

1/ Blackstone Merlin Holdings Limited, an exempted company with limited liability existing under the laws of the

Cayman Islands, having its registered office at Walkers Corporate Services Limited, Walker House, 87 Mary Street,
George Town, Grand Cayman, KY1-9005, Cayman Islands, registered with the Registrar of Companies of the Cayman
Islands,

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in New

York, New York on 21 June 2011.

2) Blackstone Capital Partners (Cayman) IV-A L.P., a limited partnership existing under the laws of the Cayman Islands,

having its registered office at c/o Walkers SPV Limited, Walker House, P.O. Box 908 GT, George Town, Grand Cayman,
Cayman Islands, registered with the Registrar of Exempted Limited Partnerships under number WK-14177,

115076

U X E M B O U R G

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in New

York, New York on 21 June 2011.

3) Blackstone Family Investment Partnership (Cayman) IV-A L.P., a limited partnership existing under the laws of the

Cayman Islands, having its registered office at c/o Walkers SPV Limited, Walker House, P.O. Box 908 GT, George Town,
Grand Cayman, Cayman Islands,

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in New

York, New York on 21 June 2011.

4) Blackstone Participation Partnership (Cayman) IV L.P., a limited partnership existing under the laws of the Cayman

Islands, having its registered office at c/o Walkers SPV Limited, Walker House, P.O. Box 908 GT, George Town, Grand
Cayman, Cayman Islands,

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in New

York, New York on 21 June 2011.

5) Kirkbi A/S, a company existing under the laws of Denmark, having its registered office at Koldingvej 2, 7190 Billund,

Denmark, registered with the CVR under number 18591235,

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in Billund,

on 21 June 2011.

6) Merlin Entertainments Management Company S.à r.l., a société à responabilité limitée, incorporated and exiting

under the laws of the Grand Duchy of Luxembourg , Having its registered office at 19, rue de Bitbourg, L-1273 Luxem-
bourg, registered with the Luxembourg Trade and Companies' Register under number B 159756,

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in

Luxembourg, on 21 June 2011.

7) Lancelot Holdings S.à r.l.,a société à responsabilité limitée incorporated and existing under the laws of the Grand

Duchy of Luxembourg, having its registered office at 20, avenue Monterey, L-2163 Luxembourg, registered with the
Luxembourg trade and companies' register under number B 154.227

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in

Luxembourg, on 21 June 2011.

8) Blackstone Capital Partners (Cayman) IV L.P., a limited partnership existing under the laws of the Cayman Islands,

having its registered office at c/o Walkers SPV Limited, Walker House, P.O. Box 908 GT, George Town, Grand Cayman,
Cayman Islands,

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in New

York, New York on 21 June 2011.

9) Merlin Entertainments Share Plan Nominee Limited (formerly De Facto 1271 Limited), with registered office at 3,

Market Close, Poole, Dorset BH15 1NQ, United Kingdom, registration number 5507318,

here represented by Dimitar Morarcaliev, maître en droit, residing in Luxembourg, by virtue of a proxy given in Poole,

on 21 June 2011.

The said proxies, initialled ne varietur by the appearing parties and the notary, will remain annexed to the present

deed to be filed at the same time with the registration authorities.

Such appearing parties are all the shareholders of Merlin Entertainments S.à r.l. (formerly known as Merlin Entertain-

ments Group Luxembourg Topco S.à r.l.), a société à responsabilité limitée incorporated and existing under the laws of
Luxembourg, having its registered office at 19 rue de Bitbourg, L-1273 Luxembourg, Grand Duchy of Luxembourg and
registered with the Luxembourg trade and companies' register under number B 154.309 (the “Company”) and incorpo-
rated pursuant to a deed of the undersigned notary on 18 June 2010 published in the Mémorial C, Recueil des Sociétés
et Associations number 1735 of 25 August 2010. The articles of association were amended for the last time pursuant to
a deed of Maître Henri Hellinckx, prenamed, on 21 December 2010, not yet published in the Mémorial C, Recueil des
Sociétés et Associations.

The appearing parties representing the whole capital of the Company, the general meeting of shareholders is regularly

constituted and may validly deliberate on all the items of the following agenda:

Agenda

1. Increase of the share capital of the Company by an amount of two hundred and twenty-one euro thirty-five cents

(EUR 221.35), from its current amount of one million five hundred sixty-two thousand four hundred ninety-seven euro
ten cents (EUR 1,562,497.10) up to one million five hundred and sixty-two thousand seven hundred and eighteen euro
forty-five cents (EUR 1,562,718.45) through the issuance of four thousand four hundred and twenty-seven (4,427) A1
ordinary shares, four thousand four hundred and twenty-seven (4,427) A2 ordinary shares, four thousand four hundred
and twenty-seven (4,427) A3 ordinary shares, four thousand four hundred and twentyseven (4,427) A4 ordinary shares
and four thousand four hundred and twenty-seven (4,427) A5 ordinary shares of the Company with a par value of one
cent (EUR 0.01) each.

2. Decision to fully restate the articles of association.
3. Miscellaneous.

115077

U X E M B O U R G

Then the general meeting after deliberation took unanimously the following resolutions:

First Resolution

The general meeting resolves to increase the Company's share capital by an amount of two hundred and twenty-one

euro thirty-five cents (EUR 221.35), from its current amount of one million five hundred sixty-two thousand four hundred
ninety-seven euro ten cents (EUR 1,562,497.10) up to one million five hundred and sixty-two thousand seven hundred
and eighteen euro forty-five cents (EUR 1,562,718.45) through the issuance of four thousand four hundred and twenty-
seven (4,427) A1 ordinary shares, four thousand four hundred and twenty-seven (4,427) A2 ordinary shares, four thousand
four hundred and twenty-seven (4,427) A3 ordinary shares, four thousand four hundred and twenty-seven (4,427) A4
ordinary shares and four thousand four hundred and twenty-seven (4,427) A5 ordinary shares of the Company with a
par value of one cent (EUR 0.01) each (the “New Shares”).

Subscription and Payment

The New Shares have been subscribed by Merlin Entertainments Share Plan Nominee Limited, prenamed, at a total

subscription price of two hundred and thirty thousand seven hundred and eight euro forty-six cents (EUR 230,708.46),
out of which the amount of two hundred and twenty-one euro thirty-five cents (EUR 221.35) shall be allocated to the
share capital and the amount of two hundred and thirty thousand four hundred and eighty-seven euro eleven cents (EUR
230,487.11) shall be allocated to the premium account of the Company.

The New Shares have been fully paid up through a contribution in cash by Merlin Entertainments Share Plan Nominee

Limited, prenamed, so that the total amount of two hundred and thirty thousand seven hundred and eight euro forty-six
cents (EUR 230,708.46) is at the disposal of the Company as it has been proven to the undersigned notary.

As a consequence of the above mentioned Contribution, the shareholders resolve to authorise any lawyer of Arendt

& Medernach, acting individually, to make the appropriate amendments in the shareholders' register of the Company in
order to reflect the increase of share capital.

Second Resolution

The general meeting resolves to fully restate the articles of incorporation, which shall henceforth read as follows:

“A. Definitions

Art. 1.1. In these Articles unless there is something in the subject or context inconsistent therewith:
«A Ordinary Shares» means the A1 Ordinary Shares, the A2 Ordinary Shares, the A3 Ordinary Shares, the A4 Ordinary

Shares and the A5 Ordinary Shares (together with any other series of A ordinary shares issued by the Company) taken
together and «A Ordinary Share» means one of any of them;

«A Ordinary Shareholder» means a holder for the time being of an A Ordinary Share
«A1 Ordinary Shares» means the A1 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«A2 Ordinary Shares» means the A2 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«A3 Ordinary Shares» means the A3 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«A4 Ordinary Shares» means the A4 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«A5 Ordinary Shares» means the A5 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«acting in concert» has the meaning set out in the City Code on Takeovers and Mergers, save that Gisele TopCo,

Gisele HoldCo, Gisele OpCo, WIZARD EquityCo, WIZARD BondCo, WIZARD AcquisitionCo, BLACKSTONE Sha-
reholders, CVC Shareholders, Manco, Nicholas Varney, Andrew Carr, Mark Fisher, any other employee of a Group
Company, KIRKBI Shareholders, or the Company shall not be deemed to be acting in concert solely by reason of their
having executed and having acted in accordance with any agreement between any of them in relation to their investment
in the Company;

«Actual Equity Percentage» means, in respect of each Shareholder, the percentage of all the Shares in issue held by

(or on behalf of) that Shareholder;

«Affiliates» means, in relation to any person, a person Controlled by or Controlling or under common Control with

such person, including in the case of a KIRKBI Shareholder, any company, trust, foundation or other entity owned or
Controlled by Kjeld Kirk Kristiansen and/or any of his family members;

«Articles» means the articles of incorporation of the Company for the time being in force;
«Associate» means:
(a) in relation to BLACKSTONE, a Related Entity of BLACKSTONE or a person Controlled by BLACKSTONE or any

of their Affiliates and any Portfolio Company of BLACKSTONE;

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U X E M B O U R G

(b) in relation to a KIRKBI Shareholder, a Related Entity or an associated company of KIRKBI A/S or KIRKBI AG (as

defined in s.416 of the Income and Incorporation Taxes Act 1988) or any company, trust, foundation or other entity
owned or Controlled by Kjeld Kirk Kristiansen and/or any of his family members and any Portfolio Company of KIRKBI;

Portfolio Company of CVC; and

(d) in relation to any other person, a Related Entity or a person Controlled by that person or any company, trust

foundation or other entity owned or Controlled by that person or a person on whose behalf such person holds Shares
or Debt Securities as nominee or trustee (a «Beneficiary») or any other nominee or trustee of such Beneficiary and
including any Portfolio Company of such person,

but in any case no member of the Group shall be treated as an Associate;
«Auditors» mean the auditors for the time being of the Company;
«B Ordinary Shares» means the B1 Ordinary Shares, the B2 Ordinary Shares, the B3 Ordinary Shares, the B4 Ordinary

Shares and the B5 Ordinary Shares (together with any other series of B ordinary shares issued by the Company) taken
together and «B Ordinary Share» means one of any of them;

«B1 Ordinary Shares» means the B1 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«B2 Ordinary Shares» means the B2 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«B3 Ordinary Shares» means the B3 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«B4 Ordinary Shares» means the B4 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«B5 Ordinary Shares» means the B5 ordinary shares of EUR 0.01 -each in the capital of the Company having the rights

set out in these Articles;

«BLACKSTONE» means, collectively, BLACKSTONE CAPITAL PARTNERS (CAYMAN) IV L.P., BLACKSTONE CA-

PITAL PARTNERS (CAYMAN) IV-A L.P., BLACKSTONE FAMILY INVESTMENT PARTNERSHIP (CAYMAN) IV-A L.P.,
BLACKSTONE PARTICIPATION PARTNERSHIP (CAYMAN) IV L.P., BLACKSTONE MERLIN HOLDINGS LIMITED
and any person to whom BLACKSTONE's Shares are transferred under articles 14.1 to 14.5 (inclusive) and/or their
respective general partners and/or any of them as the context may require or permit;

«BLACKSTONE Manager» means a manager of the Company appointed pursuant to a proposal made by BLACKS-

TONE pursuant to article 20.1;

«BLACKSTONE Representative» means BLACKSTONE CAPITAL PARTNERS (CAYMAN) IV L.P. or such other

person notified by BLACKSTONE to the Company;

«BLACKSTONE Shareholder» means BLACKSTONE or any Associate of BLACKSTONE and any person to whom

it transfers Shares in accordance with Article 14 and in all cases holding Shares from time to time;

«Board» means the board of Managers from time to time;
«Business Day» means any day other than a Saturday or Sunday or a public holiday in England;
«CEO» means Nicholas Varney as long as he is chief executive officer of the Group and, thereafter, the person holding

office as the chief executive officer of the Group;

«Cessation Date» means the date on which a person becomes a Departing Employee;
«CFO» means Andrew Carr as long as he holds office as chief financial officer of the Group and, thereafter, the person

holding office as chief financial officer of the Group;

«Come Along Notice» has the meaning set out in article 11.1(a) (Come Along applicable to other Shareholders);
«Commencement Date» means: (i) in respect of a Departing Employee who held (or whose nominee held on their

behalf) or a member of the Departing Employee's Group (or a nominee on their behalf) held) Shares as at 22 June 2011;
and (ii) in respect of any other person who acquires (including as nominee for a new person) their first interest in B
Ordinary Shares after 22 June 2011, other than as a result of a transfer to a member of the Departing Employees' Group,
the date on which the relevant holder (or a nominee on their behalf) first acquired a B Ordinary Share;

«Closing Equity Valuation» means £1,231,018,380;
«Company» means Merlin Entertainments S.à r.l;
«Completion» means completion of the Mustang Acquisition Agreement;
«Compulsory Transfer Notice» has the meaning set out in article 15.1 (Compulsory Transfers of Executives' Shares);
«Control» means the power of a person (or persons acting in concert) to secure that the affairs of another are

conducted in accordance with the wishes of that person (or persons acting in concert) whether by reason of:

(a) in the case of a company, being the beneficial owner of more than 50 per cent of the issued share capital of, or of

the voting rights in, that company, or having the right to appoint or remove a majority of the managers or directors or

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U X E M B O U R G

otherwise control the votes at board meetings of that company by virtue of any powers conferred by the articles of
association (or equivalent), or any other document regulating the affairs of that company;

(b) in the case of a partnership, being the beneficial owner of more than 50 per cent of the capital of that partnership,

or having the right to control the composition of the majority of the management or the votes of that partnership by
virtue of any powers conferred by the partnership agreement or any other document regulating the affairs of that part-
nership; or

Taxes Act 2010) to that individual,

and «Controlled» shall be construed accordingly. For the purposes of this definition only, «persons acting in concert»,

in relation to a person, are persons who actively cooperate, pursuant to an agreement or understanding (whether formal
or informal) with a view to obtaining, consolidating or exercising Control of that person;

«corporation» means any body corporate or association of persons whether or not a company;
«CVC» means Lancelot Holdings S.à .r.l., a company incorporated in Luxembourg with registered office at 20, Avenue

Monterey, L-2163 Luxembourg;

«CVC Manager» means a manager of the Company appointed pursuant to a proposal made by CVC pursuant to article

20.1(i);

«CVC Representative» means Rob Lucas and/or Pev Hooper or such other person notified by CVC to the Company

from time to time;

«CVC Shareholder» means CVC or any Associate of CVC holding Shares and any person to whom it transfers Shares

in accordance with article 14 and in all cases holding Shares from time to time;

«Debt Securities» means any loan notes, bonds or other debt securities issued by any member of the Group to a

Shareholder or an Associate of a Shareholder, including without limitation the loans by Shareholders or their Associates
of further amounts to the Group; but excluding any rights in respect of any loan (including any syndicated loan) loan notes,
bonds or other debt securities or debt instrument (or any interest therein) created under or in connection with the
Finance Documents or any other financing arrangement entered into by the Group with any third party in connection
with which all of the Shareholders or their respective Associates are offered the opportunity to subscribe other than in
their capacity as Shareholders;

«Deed of Adherence» means the deed of adherence to the Shareholders' Agreement to be entered into by any person

who has an interest in Shares and/or Manco Shares;

«Departing Employee» means:
(a) any individual who is an employee or director of one or more Group Companies (other than any BLACKSTONE

Manager, any KIRKBI Manager or any CVC Manager) who ceases to be so and who does not begin or continue otherwise
to provide services to any Group Company; or

(b) any individual whose services are otherwise provided to any one or more Group Companies and cease to do so

and who does not become or continue to be an employee or director of one or more Group Companies;

«Departing Employee's Group» means:
(a) a Departing Employee;
(b) the trustees for the time being of a Family Trust of the Departing Employee or his Family Member;
(c) any Family Member of that Departing Employee;
(d) any person designated by the Board for the purpose of article 15.1 (Compulsory Transfers of Executives' Shares)

in relation to the Departing Employee as a condition of any transfer consent given pursuant to article 10.2 (Transfer of
Shares) or of any issue of shares by the Company; and

(e) the nominees of any of the persons in the preceding four categories;
«dividend» includes any distribution whether in cash or in kind;
«Drag Hurdle Valuation» means the amount equal to (a) the Closing Equity Valuation multiplied by 1.5; plus (b) the

total value of any further investment in Equity Interests made by the Shareholders following Completion; less (c) any
distributions (prior to any withholding or deduction for tax or required by law) made by the Company to the Shareholders
at any time after the Completion Date;

«EBITDA» means the consolidated EBITDA of the Company in respect of the twelvemonth period ending on the last

day of the month immediately preceding the date of calculation, as derived from the Group's consolidated audited annual
accounts and management accounts for the relevant period. If the Group has acquired an entity or business during the
relevant twelve month period or is in the process of making such an acquisition, EBITDA shall include the EBITDA of the
relevant period or is in the process of making such an acquisition, EBITDA shall include the EBITDA of the relevant entity
or business during such twelve month period and shall take account of any identifiable synergies and cost reductions
which might reasonably be expected to have arisen during such period if such acquisition had been made before the start
of the twelve month period;

«Employee» means any employee or officer or former employee or officer of the Group;

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U X E M B O U R G

«Employee Trust» means any trust established from time to time by any Group Company for the benefit of employees

of the Group, former employees of the Group or parents, spouses, adult children, adult stepchildren, adult adopted
children, non-adult children, stepchildren of such employees or former employees;

«Encumbrance» means any mortgage, charge (whether fixed or floating), pledge, lien, trust, encumbrance, security

interest, assignment by way of security or other third party right or interest (legal or equitable) including any right of pre-
emption over or in respect of the relevant asset, security or right or any other agreement or arrangement having similar
effect;

«Equity Interests» means any Shares, Quasi Equity and Debt Securities and «Equity Interest» refers to any single Share,

Quasi Equity instrument or Debt Security as the case may be;

«Executives» means Nicholas Varney, Andrew Carr, Glenn Earlam, Mark Fisher, John Jakobsen, Nick Mackenzie, Teresa

Colaianni, Grant Stenhouse, David Bridgford, Andy Davies, Colin Armstrong and any other person who is designated as
an Executive in the Shareholders' Agreement and any other person who is designated as an Executive in a Deed of
Adherence;

«Executive Shares» means the Shares held by or on behalf of the Executives or any former Executive (or any Employee

Trust, Manco, a Manco Shareholder, a Family Member or a Family Trust (or the nominee or trustee of an Executive, an
Employee Trust, Manco, a Family Member, a Family Trust or a Manco Shareholder) or any person connected with any
Executive or any former Executive or any member of any Executive's Departing Employee's Group) from time to time;

«Exit» means a Liquidation, Majority Sale, Listing or such other event as all the A Ordinary Shareholders may agree;
«Exit Date» means:
(a) in relation to a Liquidation, the date of the Liquidation;
(b) in relation to a Listing, the date of the Listing; and
(c) in relation to a Majority Sale, the date upon which an agreement for that Majority Sale is completed;
«Fair Drag Value» in relation to a Share means the fair value of that Share determined by the Independent Expert in

accordance with article 13.4;

«Family Member» means in relation to any Employee, his or her spouse, parent, adult child, adult stepchild and adult

adopted child;

«Family Trust» means in relation to any Employee, any trust or trusts where beneficiaries are limited to such Employee,

the Family Members of such Employee and/or the non-adult children, stepchildren or adopted children of such Employee;

«Financing Documents» means a facilities agreement dated 4 March 2007 between, amongst others, Merlin Entertain-

ments Group Luxembourg 2 S.à r.l. as Parent, Unicredit Bank AG, London Branch as facility agent and security agent (as
amended on or about 22 July 2010 and as the same may be further amended from time to time), in each case together
with the documents described therein as the «Finance Documents»;

«FSA» means the Financial Services Authority, acting in its capacity as the competent authority for the purposes of

Part VI of FSMA;

«FSMA» means the English Financial Services and Markets Act 2000;
«Gisele HoldCo» means Merlin Entertainments Group Italy 2 S.r.l. a company incorporated in Italy with registered

office at Castelnuovo del Garda, 37014 Verona, Italy;

«Gisele OpCo» means Gardaland S.r.l. a company incorporated in Italy with registered office at Castelnuovo del Garda,

37014 Verona, Italy;

«Gisele TopCo» means Merlin Entertainments Group Italy S.r.l. a company incorporated in Italy with registered office

at Castelnuovo del Garda, 37014 Verona, Italy;

«Group» means the Company (or any ultimate Holding Company) and its subsidiary undertakings from time to time;
«Group Company» means a member of the Group;
«holder» in relation to Shares, means the person(s) entered in the register of shareholders of the Company as the

holder of the Shares;

«Hurdle Valuation» means the market capitalisation of the Listed Entity (determined by reference to the price at which

shares in the Listed Entity are sold to investors upon Listing) at which the Equity Interests held by CVC immediately prior
to such Listing will, immediately after Listing, have an aggregate value equal to (a) the Pro Forma Equity Valuation multiplied
by 1.5; plus (b) the total value of any further investment in Equity Interests made by CVC following Completion; less (c)
any distributions (prior to any withholding or deduction for tax or required by law) made by the Company to CVC at
any time after the Completion Date;

«Inappropriate Party» means any person or entity engaged in Inappropriate Practices or in respect of whom more

than one third of its revenue is derived from the manufacture or sale of tobacco, armaments or pornography;

«Inappropriate Practices» means:
(a) the exploitation of child labour;
(b) the use of forced labour; or
(c) violations of human rights.

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U X E M B O U R G

«Independent Expert» means an independent chartered accountant who has been a partner in a leading UK accoun-

tancy firm for at least 10 years (acting as an expert and not as an arbitrator) nominated by the parties concerned or, in
the case of disagreement as to nomination, appointed, subject to article 15.7, at the request of the holders of a majority
in nominal value of the A Ordinary Shares or the holders of a majority in nominal value of the B Ordinary Shares by the
President for the time being of the Institute of Chartered Accountants in England and Wales;

«Institutional Shareholder» means a Shareholder which is a financial institution or investment fund and for the avoidance

of doubt includes, BLACKSTONE, KIRKBI A/S and CVC;

«KIRKBI AG» means KIRKBI AG, a Company incorporated in Switzerland (registered number CH 170.3.020.9376)

whose registered office is at Neuhofstrasse 21, CH 6340, Baar, Switzerland;

«KIRKBI A/S» means KIRKBI A/S, a Company incorporated in Denmark (registered no. 18591235), whose registered

office is at Koldingvej 2, DK-7190, Billund, Denmark (formerly named «LEGO Holding A/S»);

«KIRKBI» means the KIRKBI Shareholders together;
«KIRKBI Manager» means a manager of the Company appointed pursuant to a proposal to the Shareholders made by

KIRKBI pursuant to article 20.2;

«KIRKBI Representative» means KIRKBI or such other person notified by KIRKBI to the Company;
«KIRKBI Shareholders» means each of the following holding Shares from time to time: KIRKBI A/S and KIRKBI AG,

any Associate of any of them and any person to whom any of them transfers Shares in accordance with article 14 and in
all cases holding Shares from time to time;

«KIRKBI Subscription and Funding Agreement» means the subscription, funding and warrant agreement relating to,

inter alia, the subscription for A Ordinary Shares in connection with LEGOLAND Florida to be entered into between,
inter alios, the Company, BLACKSTONE, CVC and KIRKBI A/S on or around Completion;

«Law of 1915» means the law of 10 August 1915 on commercial companies and includes any statutory modification,

amendment, variation or re-enactment thereof for the time being in force;

«LEGO Competitor» means (a) any person engaged in the design or manufacture (including through the use of sub-

contract, designers or manufacturers) of construction sets, any part or element of which reproduces, resembles or
interfits with the LEGO construction system; (b) any person engaged in the design or manufacture (including through the
use of sub-contract designers or manufacturers) of other types of construction sets with an annual revenue greater than
USD 100 million and (c) any person, 50% or more of whose revenue is derived from the design or manufacture of
traditional toys;

«LEGOLAND Florida» means the New Park (as that term is defined in the Licence and Co-operation Agreement) to

be established and developed by the Group at the Florida Site in accordance with and subject to the terms and conditions
set out in the Licence and Co-operation Agreement (in particular but not limited to Part A of Schedule 1 of the Licence
and Co-operation Agreement);

«Legoland Venue» means a LEGO themed park, hotel, or other attraction or venue;
«Licence and Co-operation Agreement» means the licence and co-operation agreement dated 24 August 2005 between

KIRKBI A/S (formerly named «LEGO Holding A/S»), Merlin Entertainments Group Luxembourg 3 S.à r.l. (formerly named
Play Lux AcquisitionCo, S.à r.l.), LEGOLAND Windsor Park Limited, LEGOLAND ApS (formerly LEGOLAND A/S),
LEGOLAND Deutschland GmbH and LEGOLAND California LLC;

«Licensee» means LEGOLAND Windsor Park Limited, LEGOLAND ApS, LEGOLAND Deutschland GmbH and LE-

GOLAND California LLC together with Merlin Entertainments Group Luxembourg 3 S.à r.l. and any other Group
Company licensed to operate Legoland Venues from time to time;

«Liquidation» means the making of a winding-up order by a court or the passing of a resolution by the Shareholders

(subject to the necessary consent of the Significant Subscribers) that the Company be wound up;

«Listed Entity» has the meaning given to it in the definition of Listing;
«Listing» means:
(a) both the admission of any of the Shares or the shares of an Ultimate Holding Company (either the Company or

such Ultimate Holding Company being the «Listed Entity» as the case may be) to the Official List maintained by the FSA
becoming effective (in accordance with paragraph 3.2.7G of the Listing Rules) and the admission of any of such shares to
trading on the LSE's market for listed securities (in accordance with paragraph 2.1 of the Admission and Disclosure
Standards of the LSE, as amended from time to time); or

(b) the admission to trading of any of such shares on the Alternative Investment Market of the LSE becoming effective;

coming effective in relation to any of such shares;

«Listing Rules» means the listing rules made by the FSA pursuant to section 73A of the FSMA as those rules are

amended from time to time;

«LSE» means London Stock Exchange plc;
«Majority Sale» means:

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U X E M B O U R G

(a) the direct or indirect transfer (whether through a single transaction or a series of transactions) of Shares or Quasi

Equity as a result of which any person (or persons connected with each other, or persons acting in concert with each
other) would have the legal or beneficial ownership over that number of Shares or Quasi Equity which in aggregate would
confer 50 per cent or more, of the voting rights normally exercisable at general meetings of the Company provided that
there shall be no Majority Sale as a result of any transfer (i) to an Original Shareholder or an Associate of or person
Controlled by an Original Shareholder (excluding for this purpose any person who is a Portfolio Company or any persons
acting in concert with a Portfolio Company) or (ii) pursuant to article 14 (Permitted Transfers) (excluding for this purpose
any persons acting in concert with a Portfolio Company);

(b) any form of capital reorganisation or scheme or arrangement or the like under Luxembourg law or otherwise

where any person (or persons connected with each other, or persons acting in concert with each other), other than an
Original Shareholder or an Associate of or person Controlled by an Original Shareholder (excluding for this purpose any
person who is a Portfolio Company or any person acting in concert with a Portfolio Company), would acquire directly
or indirectly beneficial ownership of or over that number of Shares or Quasi Equity which in aggregate would confer 50
per cent. or more of the voting rights normally exercisable at general meetings of the Company; or

(c) such other event which all the A Ordinary Shareholders agree should constitute a Majority Sale.
«Manager» means a BLACKSTONE Manager, a CVC Manager, a KIRKBI Manager and any other manager of the

Company from time to time, as the case may require, and «Managers» shall be construed accordingly;

«Manco» means Merlin Entertainments Management Company S.à r.l., a company incorporated in Luxembourg whose

registered office is at 19, rue de Bitbourg, L-1273;

«Manco Board» means the board of Managers of Manco from time to time;
«Manco Managers» means the persons who are members of the Manco Board from time to time;
«Manco Representatives» means:
(a) if Nicholas Varney or any of his Permitted Transferees is a Manco Shareholder or a Shareholder, Nicholas Varney

or if neither Nicholas Varney nor any of his Permitted Transferees is a Manco Shareholder or a Shareholder, such other
person who is (or whose Permitted Transferee is) a Manco Shareholder and is appointed by the Manco Board (having
been nominated in writing by the Manco Managers who have been designated as A managers of Manco) as a replacement
Manco Representative for Nicholas Varney; plus

(b) if Andrew Carr or any of his Permitted Transferees is a Manco Shareholder or a Shareholder, Andrew Carr or if

neither Andrew Carr nor any of his Permitted Transferees is a Manco Shareholder or a Shareholder, such other person
who is (or whose Permitted Transferee is) a Manco Shareholder and is appointed by the Manco Board (having been
nominated by the Manco Managers who have been designated as A managers of Manco) as a replacement Manco Repre-
sentative for Andrew Carr

provided that there are no more than two persons nominated as a Manco Representative at any one time;
«Manco Shareholders» means the persons holding a legal and/or beneficial interest in Manco Shares from time to time

and any other person who is designated as a Manco Shareholder in a Deed of Adherence;

«Manco Shares» means any shares in the capital of Manco in issue from time to time;
«Market Value» in relation to securities means the value thereof determined in accordance with articles 15.4 and 15.5

(Compulsory Transfers of Executives' Shares);

«Mustang Acquisition Agreement» means the subscription, purchase and sale agreement entered into on 23 June 2010

between, amongst others, Blackstone, DIC (Cayman) Limited, Caddis Assets Limited, the Managers (as defined therein),
the Manager Trusts (as defined therein), De Facto 1271 Limited and CVC, in relation to the sale to CVC and subscription
by CVC for shares and preferred equity certificates issued by Merlin Entertainments Group Luxembourg S.à.r.l.;

«Operating Group» means the subsidiary undertakings of Merlin Entertainments Group Luxembourg 3 S.à r.l.;
«Ordinary Share Capital» means, collectively, the Ordinary Shares;
«Ordinary Shares» means together the A Ordinary Shares and the B Ordinary Shares; and «Ordinary Share» means

an A Ordinary Share or a B Ordinary Share as appropriate;

«Original Member» has the meaning set out in article 14.6;
«Original Shareholder» means BLACKSTONE, KIRKBI A/S, CVC, Manco, the Executives and any nominee or trustee

acting on behalf of an Executive;

«Permitted Acquisitions» means the acquisition of Busch Gardens Parks, Sesame Place, PortAventura, Europa Park,

Oceanis, Parques Reunidos, Eurodisney, Universal Studios Theme Parks division, Disney theme parks, Aspro Ocio, Six
Flags, Cedar Fair, the establishment and development of LEGOLAND Florida within the parameters set by the LEGO-
LAND Florida CAPEX and the acquisition of any other business or asset where not less than 75 per cent. of revenue is
generated from accommodation or family entertainment;

«Permitted Borrowings» means:
(a) any agreement or arrangement for the provision of a loan or loans to the Company or any other member of the

Group by one or more Shareholders where the A Ordinary Shareholders have each been given an opportunity to provide

115083

U X E M B O U R G

their respective Relevant Share Percentage of such loan or loans in accordance with any agreement between the Share-
holders;

(b) any agreement or arrangement for the provision of a loan or loans to the Company or any other member of the

Group by persons other than Shareholders up to a maximum aggregate amount of the greater of (i) £1,500,000,000 and
(ii) 6 x EBITDA; and

Group by any person other than any Shareholders for the purpose of making or financing a Permitted Acquisition;

«Permitted Issues» means:
(a) any issue of Shares or Quasi Equity or Debt Securities in accordance with any agreement between the Shareholders

or otherwise where each A Ordinary Shareholder has been given an opportunity to subscribe for such Shares or Quasi
Equity or Debt Securities pro rata to their respective shareholding of A Ordinary Shares (subject always to any agreement
made between the Shareholders);

(b) any issue of Shares or Quasi Equity or Debt Securities for non cash consideration made for the purpose of making

a Permitted Acquisition and in accordance with any agreement between the Shareholders;

(c) any issue of B Ordinary Shares in accordance with any agreement between the Shareholders; and
(d) any issue of Shares or Quasi Equity or Debt Securities pursuant to the KIRKBI Subscription and Funding Agreement;
«Permitted Transferees» means any person to whom a Shareholder may transfer Shares pursuant to articles 14.6 to

14.14 or to whom a Manco Shareholder may transfer Manco Shares pursuant to articles 12.1 to 12.8 of the articles of
association of Manco;

«Portfolio Company» means any company, partnership, trust or other entity, whether or not having separate corporate

personality, in which an Institutional Shareholder or any of such Institutional Shareholder's Associates or any person
acting in the capacity as trustee or nominee for such relevant Institutional Shareholder or its Associate:

(a) holds (directly or indirectly) any interest for the purposes of investment; or
(b) through which any investment interest is held,
together with each company, partnership, trust or other entity Controlled by or under common Control with the

first company, partnership, trust or other entity, but shall not include:

(c) in the case of BLACKSTONE:
(i) The Blackstone Group L.P. or any company, partnership, trust or other entity that is Controlled by The Blackstone

Group L.P. or any of its Affiliates in each case in their businesses that are distinct from the private equity business of The
Blackstone Group L.P. and its Affiliates;

(ii) any investment fund or funds that are advised and managed by one or more Affiliates of The Blackstone Group L.P.

(a «BLACKSTONE Fund»); and

(iii) any company, partnership, trust or other entity which acts solely as a holding vehicle (other than those holding

one specific investee company or group) that is directly or indirectly 100 per cent. owned and Controlled by BLACKS-
TONE or by any other BLACKSTONE Fund;

(d) in the case of KIRKBI, KIRKBI A/S, KIRKBI A/G, LEGO Fonden, Koldingvej 2, Billund A/S and each of their respective

Affiliates;

(e) in the case of CVC:
(i) any investment fund or funds that are advised and managed by one or more Affiliates of CVC Capital Partners

SICAV-FIS SA (a «CVC Fund»); and

(ii) any company, partnership, trust or other entity which acts solely as a holding vehicle (other than those holding one

specific investee company or group) that is directly or indirectly 100 per cent. owned and Controlled by CVC or by any
other CVC Fund;

«Pro Forma Equity Valuation» means £346,454,194;
«Quasi Equity» means:
(a) any security convertible into Shares in the Company or any Group company; and
(b) any other security of the Company or any Group Company, other than a Share;
«Recognised Investment Exchange» has the meaning given to it in s.285 of FSMA;
«Related Entity» means:
(a) in relation to BLACKSTONE, any company, trust, foundation or other entity in which BLACKSTONE or any

Affiliate of BLACKSTONE directly or indirectly owns or controls at least 25 per cent of the equity capital or voting rights;

(b) in relation to KIRKBI A/S and/or KIRKBI AG or any KIRKBI Shareholder means any company, trust, foundation or

other entity in which KIRKBI A/S, KIRKBI AG and/or Kjeld Kirk Kristiansen and/or any of his family members directly or
indirectly individually or together own or control at least 25 per cent. of the equity capital or voting rights;

directly or indirectly owns or controls at least 25 per cent. of the equity capital or voting rights; and

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U X E M B O U R G

(d) in relation to any other person, any company, trust, foundation or other entity in which that person, directly or

indirectly, owns or controls at least 25 per cent of the equity capital or voting rights;

«Relevant Securities» has the meaning set out in article 10.5 (Transfer of Shares);
«Relevant Share Percentage» means, in respect of each Shareholder, the A Ordinary Shares held by or on behalf of

that Shareholder expressed as a percentage of all the A Ordinary Shares in issue at the relevant time;

«Remuneration Committee» means the remuneration committee constituted by agreement of the Shareholders;
«Senior Executives» means each of Nicholas Varney, Andrew Carr and Mark Fisher or all of them as the context may

so require;

«Shareholder» means any person registered in the books of the Company as the holder of a Share for the time being;
«Shareholder Group» means:
(a) in respect of BLACKSTONE, all the BLACKSTONE Shareholders from time to time;
(b) in respect of KIRKBI, all the KIRKBI Shareholders from time to time;
(c) in respect of CVC, all the CVC Shareholders from time to time;
(d) in respect of each Executive, that Executive (or his/her nominee or trustee) together with any person to whom

he/she (or his/her nominee or trustee) transfers Shares in accordance with Article 14 and the nominee/trustee of any
such person provided that only the Equity Interests held by the nominee or trustee (as the case may be) for that Executive
or person shall be taken into account; and

(e) in respect of any other person, that person together with any person to whom he/she transfers Shares in accordance

with article 14;

«Shareholders' Agreement» means any shareholders' agreement (including where entered into in the form of a deed)

which may have been entered into between, amongst others, Blackstone, Kirkbi A/S, CVC, the Executives and the Com-
pany relating to the governance and ownership of the Company as the same is amended or restated from time to time;

«Shares» means (i) the A Ordinary Shares, the B Ordinary Shares and any other shares in the Company in issue from

time to time; (ii) any shares issued in exchange for those shares or by way of conversion or reclassification and any shares
representing or deriving from those shares as a result of any increase in or reorganisation or variation of the capital of
the Company but for the avoidance of doubt does not include the Manco Shares;

«Significant Subscriber» means any of the Subscribers whose Shareholder Group holds Shares representing a Relevant

Share Percentage of 23 per cent. or more;

«Subscribers» means BLACKSTONE, KIRKBI, CVC and any person who is named a Subscriber in a Deed of Adherence;
«Subscriber Majority» means the consent of the holders of more than 50 per cent. of the A Ordinary Shares for the

time being in issue held by the Subscribers;

«UK Listing Authority» means the Financial Services Authority of England acting in its capacity as competent authority

for the purposes of part VI of the FSMA;

«Ultimate Holding Company» means a company established in connection with the restructuring of the Group for the

purposes of facilitating a Listing.

Art. 1.2. In these Articles:
(a) headings are included for convenience only and shall not affect the construction of these Articles;
(b) words denoting the singular include the plural and vice versa;
(c) words denoting one gender include each gender and all genders;
(d) references to persons are deemed to include references to natural persons, to firms, to partnerships, to companies,

to corporations, to associations, to organisations and to trusts (in each case whether having separate legal personality);

(e) a «subsidiary» or «holding company» shall be construed in accordance with ss.1159 and Schedule 6 of the English

Companies Act 2006 and «subsidiary undertaking» or «parent undertaking» shall be construed in accordance with s.1162
and Schedule 7 of the English Companies Act 2006;

(f) an «associated company» shall be construed in accordance with the equivalent provisions under Luxembourg law

to s.416 of the English Income and Corporation Taxes Act 1988;

(g) «connected» shall, in the context of determining whether one person is connected with another, be construed in

accordance with s.839 of the English Income and Corporation Taxes Act 1988;

(h) «security» shall be construed in accordance with s.400(6) in the English Companies Act 2006;
(i) a statutory provision includes a reference to:
(i) the statutory provision as modified or re-enacted or both from time to time (whether before or after the date of

adoption of these Articles); and

(ii) any subordinate legislation made under the statutory provision (whether before or after the date of adoption of

these Articles);

(j) persons includes a reference to any body corporate, unincorporated association or partnership;
(k) a person includes a reference to that the person's legal personal representatives or successors;

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U X E M B O U R G

(l) an article, unless the context otherwise requires, is a reference to an article of these Articles;
(m) the giving of a consent or direction by BLACKSTONE under these Articles shall be given in writing by the

BLACKSTONE Representative or all the BLACKSTONE Shareholders;

(n) the giving of a consent or direction by KIRKBI or by any of KIRKBI A/S or KIRKBI A/G shall be given in writing by

the KIRKBI Representative or KIRKBI; and

(o) the giving of a consent or direction by the CVC Group or by any of CVC or any of the CVC Co-Investors shall

be given in writing by the CVC Representative or all the CVC Shareholders

(p) in any calculation of the Actual Equity Percentage, Relevant Share Percentage or any other number, measure,

percentage, proportion, fraction, subscription entitlement, liability, right or holding of:

(i) BLACKSTONE in the relevant Shares, Quasi Equity, Debt Securities or other securities held by each BLACKSTONE

Shareholder, the holdings of each BLACKSTONE Shareholder in the Shares, Quasi Equity, Debt Securities or other
securities shall for all purposes be aggregated and treated as a single holding of Shares, Quasi Equity, Debt Securities or
other securities as if held by a single person;

(ii) KIRKBI in the relevant Shares, Quasi Equity, Debt Securities or other securities held by any KIRKBI Shareholders,

the holdings of each KIRKBI Shareholder in the Shares, Quasi Equity, Debt Securities or other securities shall for all
purposes be aggregated and treated as a single holding of Shares, Quasi Equity, Debt Securities or other securities as if
held by a single person; and

(iii) CVC in the relevant Shares, Quasi Equity, Debt Securities or other securities held by any CVC Shareholders, the

holdings of each CVC Shareholder in the Shares, Quasi Equity, Debt Securities or other securities shall for all purposes
be aggregated and treated as a single holding of Shares, Quasi Equity, Debt Securities or other securities as if held by a
single person,

and in each case any relevant right shall be exercised by BLACKSTONE, KIRKBI and CVC (as the case may be) on

behalf of their respective Shareholder Groups.

B. Purpose - Duration - Name - Registered office

Art. 2. There is hereby established among the current owner of the shares created hereafter and all those who may

become Shareholders in future, a private limited company (société à responsabilité limitée) which shall be governed by
the Law of 1915 concerning commercial companies, as amended, as well as by the present articles of incorporation.

Art. 3. The purpose of the Company shall be the holding of participations, in any form whatsoever, in Luxembourg

and foreign companies and any other form of investment, the acquisition by purchase, subscription or in any other manner
as well as the transfer by sale, exchange or otherwise of securities of any kind and the administration, control and
development of its portfolio.

The Company may further guarantee, grant loans or otherwise assist the companies in which it holds a direct or

indirect participation or which form part of the same group of companies as the Company.

The Company may carry out any commercial, industrial or financial activities which it may deem useful in accomplish-

ment of this purpose.

Art. 4. The Company is incorporated for an unlimited period.

Art. 5. The Company is called Merlin Entertainments S.à r.l.

Art. 6. The registered office of the Company is established in Luxembourg. It may be transferred to any other place

in the Grand Duchy of Luxembourg by means of a resolution of a general meeting of its Shareholders. Branches or other
offices may be established either in Luxembourg or abroad.

C. Share capital - Shares

Art. 7. The Company's share capital is set at one million five hundred and sixty-two thousand seven hundred and

eighteen euros and forty-five cents (EUR 1,562,718.45) represented by twenty seven million two hundred and fifty-four
thousand three hundred and sixty-nine (27,254,369) A1 Ordinary Shares, twenty seven million two hundred and fifty-
four thousand three hundred and sixty-nine (27,254,369) A2 Ordinary Shares, twenty seven million two hundred and
fifty-four thousand three hundred and sixty-nine (27,254,369) A3 Ordinary Shares, twenty seven million two hundred
and fifty-four thousand three hundred and sixty-nine (27,254,369) A4 Ordinary Shares, twenty seven million two hundred
and fifty-four thousand three hundred and sixty-nine (27,254,369) A5 Ordinary Shares, four million (4,000,000) B1 Or-
dinary Shares, four million (4,000,000) B2 Ordinary Shares, four million (4,000,000) B3 Ordinary Shares, four million
(4,000,000) B4 Ordinary Shares and four million (4,000,000) B5 Ordinary Shares, in each case with a par value of one
cent (EUR 0.01) each.

Each Share is entitled to one vote at ordinary and extraordinary general meetings.
The share capital may be modified at any time by approval of a majority of Shareholders representing at least three

quarters of the share capital.

The register of shareholders shall be located and maintained in Luxembourg.

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U X E M B O U R G

Art. 8. The Company will recognise only one holder per Share. The joint co-owners shall appoint a single representative

who shall represent them to the Company.

Art. 9. The Shares are freely transferable among Shareholders subject to Article 10.1.
Subject to article 15, in the event of death, the Shares of the deceased Shareholder may only be transferred to new

Shareholders subject to the approval of such transfer given by the other Shareholders in a general meeting, at a majority
of three quarters of the rights owned by the surviving Shareholders. Subject to article 15, such approval is, however, not
required in case the Shares are transferred either to parents, descendants or the surviving spouse of the deceased
Shareholder.

Art. 10. Transfer of Shares.
10.1. No Shareholder (other than an Executive, an Employee Trust, Manco, a Family Member, a Family Trust or a

Manco Shareholder (or the nominee or trustee of an Executive, an Employee Trust, Manco, a Family Member, a Family
Trust or a Manco Shareholder)) shall transfer or dispose of any Share or any interest in any Share other than in accordance
with the Articles or with the prior written consent of the holders of ninety per cent (90%) of the A Ordinary Shares and
in the case of transfers to nonshareholders, the consent given in a general meeting of Shareholders by the holders of 90%
of all the Shares of the Company.

10.2. Except as provided in article 11 (Come Along applicable to other Shareholders), article 12 (Tag Along Rights for

Subscribers), article 13 (Drag Along Rights for Subscribers) or article 14 (Permitted Transfers) or as required by article
15 (Compulsory Transfers of Executives' Shares) and subject to the further provisions of this article 10 (Transfer of
Shares), no Executive Shares shall be transferred and no holder of Executive Shares shall create any Encumbrance over
or dispose of any interest in the Executive Shares registered in his name or to which he is beneficially entitled without
the prior written consent of a Subscriber Majority. Such consent may, in the Subscriber Majority's discretion, acting
reasonably, be given subject to the condition that any B Ordinary Shares to be transferred (and any Shares derived
therefrom) are to be treated for the purposes of article 15 (Compulsory Transfers of Executives' Shares) as being held
by the Departing Employee's Group (the relevant Departing Employee being named in the consent).

10.3. For the purposes of these Articles:
(a) a change in the constituent membership (including without limitation any change (howsoever implemented) in the

legal or beneficial interest of any member) of a partnership which holds Shares shall not constitute a transfer of those
Shares; and

(b) the following shall be deemed (but without limitation) to be a transfer by a holder of Shares:
(i) any direction (by way of renunciation or otherwise) by a holder entitled to an allotment or transfer of Shares that

a Share be allotted or issued or transferred to some person other than himself; and

(ii) subject to article 10.3(a), any sale or any other disposition (including by way of mortgage, charge or other security

interest or the creation of any other Encumbrance) of any legal or beneficial interest in a Share directly or indirectly
(including any Voting Right attached to it): (a) whether or not by the relevant holder; (b) whether or not for consideration;
and (c) whether or not effected by an instrument in writing.

10.4. To enable the Board to determine whether or not there has been any transfer of Shares in breach of these

Articles, the Board may, and shall if so requested in writing by a Subscriber Majority from time to time, require any holder
or the legal personal representatives of any deceased holder or any person named as transferee in any transfer lodged
for registration or such other person as the Board may reasonably believe to have information relevant to such purpose
to furnish to the Company such information and evidence as the Board acting reasonably may think fit regarding any
matter which they deem relevant to such purpose including (but not limited to) the names, addresses and interests of all
persons respectively having interests in the Shares from time to time registered in the holder's name. Failing such infor-
mation or evidence being furnished to enable the Board to determine to its reasonable satisfaction that no such breach
has occurred, or that as a result of such information and evidence the Board is reasonably satisfied that such breach has
occurred, the Board shall forthwith notify the holder of such Shares in writing of that fact and, if the holder fails to remedy
such breach or provide such information and evidence within 20 days of receipt of such written notice, then:

(a) the Company shall retain any dividends or other distributions (other than the amount paid up in respect of the

nominal value (and any share premium) of the relevant Shares upon a return of capital) attaching to such Shares or to
any further Shares issued in right of such Shares or in pursuance of an offer made to the relevant holder until the earlier
of: (i) the remedy of the breach; or (ii) the provision of the information and evidence reasonably required by the Board;
or (iii) the relevant Shares are transferred in accordance with article 10.4(b); and

(b) the holder may be required within 20 days following such notice (by notice in writing to such holder from the

Board) to transfer some or all of his Shares to the person determined by the Board (acting reasonably) to be the original
holder thereof; and the rights referred to in article 10.4(a) may be reinstated earlier by the Board with the written consent
of a Subscriber Majority.

10.5. If a holder defaults in transferring Shares to be transferred pursuant to article 10.4 or any Shares to be transferred

pursuant to any other provisions of the Articles (other than articles 11.2 and 13) (the «Relevant Securities»):

(a) any Manager for the time being of the Company, or some other person duly nominated by a resolution of the Board

for that purpose, shall be deemed to be the duly appointed agent of the holder with full power to execute, complete and

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U X E M B O U R G

deliver in the name and on behalf of the holder all documents necessary to give effect to the transfer of the Relevant
Securities to the transferee;

(b) the Board may receive and give a good discharge for the purchase money on behalf of the holder and enter the

name of the transferee in the register of Shareholders or other appropriate register as the holder by transfer of the
Relevant Securities;

Company by the holder pursuant to these Articles or otherwise.

The appointment referred to in article 10.5(a) shall be irrevocable and is given by way of security for the performance

of the obligations of the holder under these Articles (other than articles 11.2 and 13).

10.6. The Board shall decline to register any transfer not made in accordance with the provisions of these Articles and

may decline to register any transfer of Shares which are not fully paid or on which the Company has a lien. Any transfer
in breach of these Articles shall be void.

Art. 11. Come Along applicable to other Shareholders.
11.1. If:
(a) any one or more Shareholder(s) wishes to transfer any Shares which would if transferred result in there being a

Majority Sale; or

(b) any one or more Subscriber(s) commits to transfer (whether through one transaction or a series of transactions)

any Shares which would if transferred result in a Subscriber and/or its Shareholders Group having a legal and/or beneficial
interest over more than 50 per cent. of the A Ordinary Shares (a «Subscriber Majority Sale»),

(in each case, the transferring Shareholder(s) herein referred to as the «Transferring Holders») , such transfer(s) shall

not be made unless:

(i) the Transferring Holders have given written notice (a «Come Along Notice») to:
(A) in the case of a Majority Sale, each of the other Shareholders (other than the Subscribers); or
(B) in the case of a Subscriber Majority Sale, each of the A Ordinary Shareholders (other than the Subscribers), of

such intended transfer(s) at least ten Business Days prior to the intended completion thereof;

(ii) to the extent known and reasonably practicable, the Come Along Notice sets out (to the extent not described in

any documents accompanying the Come Along Notice) the identity of the proposed transferee(s), the consideration
anticipated to be paid and the other terms and conditions of such transfer(s) which the Transferring Holders reasonably
consider to be material, the proposed date of the proposed transfer(s) and the number of Shares proposed to be pur-
chased by the proposed transferee(s); and

(iii) the proposed transferee(s) has/have unconditionally offered in writing to:
(A) in the case of a Majority Sale, purchase the Relevant Percentage (as that term is defined in article 11.2) of the

Shares held by each of the other Shareholders (other than the Subscribers) for an amount equivalent to the higher of:

(aa) the highest consideration (whether in cash or not) payable to the Transferring Holders for Shares of any class

under such transfer(s); and

(bb) the highest consideration (whether in cash or not) paid by any of the proposed transferee(s) (or any person

connected with them) for Shares in the 12 months prior to such transfer(s),

and otherwise on the same terms and conditions (including as to form of consideration) as those on which the Trans-

ferring Holders transfer their Shares (subject always to the application of article 39 (Sale of the Share Capital of the
Company) or

(B) in the case of a Subscriber Majority Sale, purchase the Relevant Percentage (as defined in article 11.2) of the A

Ordinary Shares held by each of the A Ordinary Shareholders (other than the Subscribers) on the same terms and
conditions (including as to form of consideration) as those on which the Transferring Holders transfer their Shares.

(c) Any offer made pursuant to in article 11.1(b)(iii) shall remain open for acceptance for not less than 30 days.
11.2. For the purposes of article 11.1 only, «Relevant Percentage» means:
(a) in the case of a Majority Sale, the percentage which the number of Shares (rounded to two decimal places) to be

sold by the Transferring Holders represents of the total number of Shares held by the Transferring Holders; and

(b) in the case of a Subscriber Majority Sale, 0.5 times the percentage which the number of Shares (rounded to two

decimal places) to be sold by the Transferring Holders represents of the total number of Shares by the Transferring
Holders save that in the case of a Subscriber Majority Sale resulting from the exercise of the right to purchase under
article 13.1(g), the «Relevant Percentage» in such circumstance shall be 50 per cent.

11.3. If any one or more holder of Debt Securities wishes to transfer any Debt Securities (other than to a person to

whom a Share may be transferred in accordance with any agreement between the Shareholders) or if any one or more
holder(s) of Debt Securities wishes to transfer Debt Securities (whether through a single transaction or a series of
transactions) and such transfer would result in any person (or persons connected with each other or persons acting in
concert with each other) having the legal or beneficial ownership over that number of Debt Securities which in aggregate
total 50 per cent. or more of the aggregate number of all of the Debt Securities counted together as if a single class and

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U X E M B O U R G

such person is not an Original Member, Original Shareholder or an Associate of or person Controlled by an Original
Member or an Original Shareholder then the provisions of this article 11 shall apply to such transfer, mutatis mutandis,
as if references to:

(a) «Shares» were to Debt Securities;
(b) «Shareholders» were to «holders of Debt Securities»; and
(c) «Relevant Percentage» were calculated by reference to aggregated holdings of all Debt Securities counted together

as if a single class.

11.4. The Managers and the Shareholders shall refuse to register a transfer under article 11.1 if the Transferring Holders

and the proposed transferee(s) does/do not comply with the provisions of article 11.1 and notwithstanding any other
provision in these Articles if a proposed transferee acquires Shares in breach of article 11.1, any dividend payments and
other distributions on such Shares shall be retained by the Company until such time as an offer complying with article
11.1 is made by the proposed transferee.

11.5 For the purposes of an acceptance of the offer made pursuant to article 11.1(b)(iii) made by Manco:
(a) the Managers and the Shareholders shall deem an acceptance given by the Manco Representatives (or if at such

time there is only one Manco Representative, that Manco Representative) on behalf of Manco to be a valid acceptance
by Manco and an acceptance made by any other person asserting to be a representative of Manco shall not be recognised;
and

(b) the Manco Representatives (or if at such time there is only one Manco Representative, that Manco Representative)

on behalf of Manco shall be entitled to accept an offer made pursuant to article 11.1(b)(iii) for some or all of the Relevant
Percentage of Shares held by Manco.

Art. 12. Tag Along Rights for Subscribers.
12.1. In the event that a Subscriber (the «Transferor») wishes to transfer Shares (the «Sale Shares») to a third party

in accordance with the terms of these Articles such transfer shall not take place unless the proposed transferee (the
«Transferee») has unconditionally made an offer (the «Tag Offer») to purchase from the other Subscribers (the «Re-
maining Shareholders») the Relevant Percentage (as defined in article 12.2) of the Remaining Shareholders' Shares,
together with the Relevant Percentage of any Shares which may be issued pursuant to the exercise or conversion of
options over or rights to subscribe for securities convertible into Shares held by the Remaining Shareholders at the date
of the Tag Offer, on the same terms and conditions as those offered for the Sale Shares. The Tag Offer shall remain open
for acceptance for not less than 30 days. This article 12 shall not apply to any transfer by a Subscriber pursuant to article
14.

12.2. For the purpose of this article 12 only, «Relevant Percentage» means:
(a) the percentage (rounded to two decimal places) which the number of Shares to be sold by the Transferor represents

of the total number of Shares held by the Transferor provided that

(b) if such transfer would result in a Majority Sale then the Relevant Percentage in respect of that Remaining Shareholder

will, at the sole discretion of that Remaining Shareholder exercisable by written notice to the Transferor within the 30
day period referred to article 12.1, be either:

(i) 100 per cent.; or
(ii) the Relevant Percentage which would apply in respect of that Shareholder for the application of this article 12.2

(b).

12.3. No Tag Offer shall be required to be made pursuant to article 12.1 if a Drag Notice has been served pursuant

to article 13.

12.4. The Managers and the Shareholders shall refuse to register a transfer under article 12.1 if the Transferor and the

Transferee does/do not comply with the provision of article 12.1 and notwithstanding any other provision in these Articles
if a proposed transferee acquires Shares in breach of article 12, any dividend payments and other distributions on such
Shares shall be retained by the Company until such time as an offer complying with article 12.1 is made by the proposed
transferee.

12.5 If any one or more holder of Quasi Equity or Debt Securities wishes to transfer (whether through a single

transaction or a series of transactions) Quasi Equity or Debt Securities and the transferee is not an Original Shareholder,
Original Member or an Associate of or person Controlled by an Original Shareholder, Original Member or a person to
whom a Share may be transferred pursuant to article 14 then the provisions of article 12 shall apply to such transfer
mutatis mutandis, as if references to:

(i) «Shares» were to Quasi Equity and/or Debt Securities;
(ii) «Shareholders» were to «holders of Quasi Equity and/or Debt Securities»; and
(iii) «Relevant Percentage» were calculated by reference to aggregated holdings of all of the Quasi Equity and/or Debt

Securities counted together as if a single class.

Art. 13. Drag Along Rights for Subscribers.
13.1. A Drag Notice (as defined in article 13.2) may only be given where the following conditions (the «Drag Condi-

tions») are satisfied:

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U X E M B O U R G

(a) the Drag Notice is given by a Qualifying Shareholder (the «Drag Exerciser») on behalf of itself, each of its Associates

and each Transferor (as defined in article 13.1(b)) and is accompanied by copies of all documents required to be executed
by the Remaining Shareholder(s) (as defined in article 13.2) to give effect to the required transfers;

(b) the Drag Notice must contain a statement that a Subscriber Majority, including the Drag Exerciser (each Subscriber

comprising the Subscriber Majority and each of their Associates being the «Transferors») proposes to transfer to a third
party on bona fide arm's length terms or to an Associate for Fair Drag Value as determined in accordance with article
13.4 (such person being the «Drag Transferee») such number of Shares (the «Sale Shares») as would, if transferred,
constitute a Majority Sale. The Drag Notice must also contain details of any other Equity Interests proposed to be
transferred (together with the Sale Shares the «Sale Interests»);

Remaining Shareholder (as defined in article 13.2) that number or amount of each class and type of Equity Interest held
by each Remaining Shareholder (including the Relevant Percentage in respect of each class and type of Equity Interest
which may be issued pursuant to the exercise or conversion of options over, or rights to subscribe for, securities con-
vertible into Equity Interests held by the Remaining Shareholders at the date of the Drag Notice) which is equal to each
Remaining Shareholder's aggregate holding of Equity Interests of that class and type multiplied by the Relevant Percentage,
or the Drag Transferee and the Transferor shall procure that the Company acquire from, repay or redeem the same for
the same consideration as specified in the Drag Notice;

(d) in the event that the Drag Notice is given at any time before the fifth anniversary of Completion, the price set out

in the Drag Notice in respect of all the Equity Interests proposed to be transferred by the Transferors implies an equity
valuation of all of the issued Equity Interests which is equal to or greater than the Drag Hurdle Valuation as at the date
of the Drag Notice, with such minimum price not applying after the fifth anniversary of Completion. For the purposes of
assessing whether the price set out in the Drag Notice in respect of the Equity Interests the subject of the Drag Notice
implies an equity valuation equal to or greater than the Drag Hurdle Valuation, each Equity Interest of the same class in
issue shall rank pari passu in all respects and the price (or repayment or redemption amount as the case may be) specified
in the Drag Notice shall be implied in respect of each Equity Interest of the same class and type;

(e) if the Drag Transferee is an Associate of a Transferor, the price set out in the Drag Notice in respect of all the

Equity Interests proposed to be transferred by the Transferors:

(i) is payable entirely in cash; and
(ii) implies an equity valuation of all of the issued Equity Interests which is equal to or greater than the Fair Drag Value

(as determined in accordance with article 13.4) as at the date of the Drag Notice;

(f) the Drag Transferee is not (and none of its Associates is) an Inappropriate Party or a LEGO Competitor; and
(g) the Drag Notice constitutes an irrevocable offer by each of the Transferors to sell to the Remaining Shareholders,

at the election of the Remaining Shareholder(s), either:

(i) all of the Equity Interests held by the Transferors; or
(ii) all of the Sale Interests set out in the Drag Notice,
as if the Drag Notice were a Transfer Notice given to the Remaining Shareholder(s) (as defined below in article 13.2)

pursuant to article 16.1 and on the basis that under the terms of article 16.1:

(i) each Transferor is a «Vendor»;
(ii) the Equity Interests as elected by the Remaining Shareholder(s) under this article are the «Offered Shares»;
(iii) the price for the Equity Interests set out in the Drag Notice is the «Offer Price» in relation to each such security;

and

(iv) the Drag Transferee were the «Proposed Transferee».
13.2 The Drag Exerciser may, if the Drag Conditions are satisfied, serve notice (the «Drag Notice») on the other

Shareholder(s) (the «Remaining Shareholders») of the Transferors' intention to transfer the Sale Shares to the Drag
Transferee and requiring the Remaining Shareholder(s) to transfer, within 32 days of the Drag Notice being served
(provided that the Remaining Shareholder(s) have not by that date exercised their rights pursuant to the offer made under
article 13.1(g) to acquire the Equity Interests of the Transferors), the Relevant Percentage of each class and type of Equity
Interest held by them (including the Relevant Percentage in respect of each class and type of Equity Interest which may
be issued pursuant to the exercise or conversion of options over, or rights to subscribe for, securities convertible into
Equity Interests held by the Remaining Shareholders at the date of the Drag Notice) (together, the «Dragged Equity
Interests»), on the same terms and conditions as shall have been agreed between the Transferors and the Drag Transferee
and set out in the Drag Notice.

13.3. The Drag Notice shall set out in relation to each type and class of Equity Interest the value per security or per

unit of such Equity Interest which the Drag Transferee will pay (or that the Drag Transferee and the Transferors shall
procure that the Company acquire from, repay or redeem the same) in respect of each type and class of Equity Interest.

13.4 If the Drag Transferee is an Associate of any of the Transferors then, unless the holders of the majority of Shares

held by the Remaining Shareholders otherwise agree:

(a) the Managers shall forthwith instruct the Independent Expert to determine the fair value of the Dragged Equity

Interests (the «Fair Drag Value») in accordance with article 13.5; and

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(b) the costs of the Independent Expert in determining the Fair Drag Value shall be borne by the Company.
13.5. In determining the Fair Drag Value for the purposes of article 13.4, the Independent Expert shall:
(a) be considered to be acting as an expert and not as an arbitrator; and
(b) value the Dragged Equity Interests using the following principles:
(i) assuming an arm's length sale between a willing seller and a willing buyer;
(ii) if the Company is then carrying on business as a going concern, on the assumption that it will continue to do so;
(iii) the Dragged Equity Interests are capable of being transferred without restriction;
(iv) no reduced or additional value is attached to any holding of Equity Interests by virtue of the holding comprising

or after the purchase thereof conferring a majority or minority of the total issued equity capital of the Company or
conferring any particular rights on the relevant holders under the provisions of the Shareholders Agreement or these
Articles; and

(v) taking account of the application of article 39 (Sale of the Share Capital of the Company).
13.6. Each Shareholder irrevocably appoints the Managers as appointed by the Drag Exerciser as its agent authorised

to take any action on its behalf including the execution of any document and the receipt of any payment in accordance
with each party's obligations under this article 13.

13.7 Each Shareholder agrees that:
(a) if it is a Remaining Shareholder whose Shares are acquired pursuant to this article 13, it shall deliver duly executed

share transfer agreement(s) (and such other documents of transfer as may be required) in respect of the Dragged Equity
Interests registered in its name, together with the relevant share or other certificate(s) (or an indemnity in respect thereof
in a form satisfactory to the Board) to the Company on or before the 31

day after the Drag Notice is given (the «Drag

Date»), provided that the Remaining Shareholder(s) have not by that date exercised their rights pursuant to the offer
made under article 13.1(g) to acquire the Equity Interests of the Transferors. If such certificate(s) relate to any Equity
Interests which a Remaining Shareholder is not bound to transfer under this article 13, the Company shall issue fresh
certificates for the balance;

(b) subject always to receipt of the duly executed share transfer agreements referred to in article 13.7(a), on the Drag

Date the Company shall, on behalf of the Drag Transferee, pay to each Remaining Shareholder, to the extent that the
Drag Transferee has put the Company in the requisite cleared funds, the aggregate monies due for the Dragged Equity
Interests of that Remaining Shareholder (or if the consideration is to be paid by way of an issue of securities, the aggregate
value of the securities due). The Company's receipt for the aggregate monies due shall be a good discharge to the Drag
Transferee who shall not be responsible as to its application;

(c) if any Remaining Shareholder fails to perform its obligations under article 13.7(a) (such Remaining Shareholder being

a «Defaulting Remaining Shareholder») the Company shall hold the relevant monies (or if the consideration is to be paid
by way of an issue of securities, the aggregate value of the securities due) on trust for that Defaulting Remaining Share-
holder without any obligation to pay interest;

(d) if the consideration for the acquisition of Dragged Equity Interests is to be made by way of cash, payment to the

Remaining Shareholder(s) shall be made in such manner as is agreed between the Company and the Remaining Shareholder
(s) and in the absence of such agreement, by cheque to the postal address notified to the Company by each Remaining
Shareholder for such purpose and, in default of such notification, to the Remaining Shareholder's last known address;

(e) any Manager appointed pursuant to article 13.6 shall be authorised to execute, complete and deliver as agent for

and on behalf of any Defaulting Remaining Shareholder a transfer of the relevant Dragged Equity Interests to the Drag
Transferee, to the extent that the relevant Drag Transferee has, by the Drag Date, put the Company in cleared funds in
respect of the aggregate price payable for the Dragged Equity Interests to be transferred to him (or if the consideration
is to be paid by way of an issue of securities, the aggregate value of the securities due);

(f) subject to any formalities required by law, the Board and the Shareholders shall authorise registration of the transfer

(s) pursuant to this article 13, after which the validity of such transfer(s) pursuant to this article 13 shall not be questioned
by any person; and

(g) each Defaulting Remaining Shareholder shall surrender his share certificate(s) relating to the Dragged Equity In-

terests registered in its name, together with the relevant share or other certificate(s) (or an indemnity in respect thereof
in a form satisfactory to the Board) to the Company. On, but not before, such surrender or provision, the Defaulting
Remaining Shareholders shall be entitled to the price payable for the Dragged Equity Interests transferred on its/their
behalf, without interest. If such certificate(s) relate to any Equity Interests which a Defaulting Remaining Shareholder is
not bound to transfer under this article 13, the Company shall issue fresh certificates for the balance.

13.9 Each Shareholder acknowledges and agrees that the authority conferred under this article 13 is necessary as

security for the performance by the Remaining Shareholders of their obligations under this article 13.

13.10 For the purposes of this article 13 only, «Relevant Percentage» means for all remaining Shareholders:
(i) the percentage (rounded to the nearest whole number) which the number of Sale Shares to be sold by the Trans-

ferors represents of the total number of Shares held by the Sale; provided that

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U X E M B O U R G

(ii) if such transfer would result in a Majority Sale then the Relevant Percentage in respect of that Remaining Shareholder

will, at the sole discretion of that Remaining Shareholder exercisable by written notice to the Transferor within the 32
day period referred to in article 13.2, be either:

(A) 100 per cent., or
(B) the Relevant Percentage which would apply in respect of that Shareholder but for the application of this article

13.10(ii).

Art. 14. Permitted Transfers.
14.1. Any Subscriber may at any time transfer all or some of its Shares (the «Relevant Shares») to an Associate provided

that (unless a Subscriber Majority agree otherwise) there are no more than ten BLACKSTONE Shareholders, ten KIRKBI
Shareholders and ten CVC Shareholders at any time and the parties hereby agree that prior to achieving such maximum
number of Shareholders, there shall be no restriction on any of them transferring to any number of Associates. The
Associate may at any time transfer all or some of the Relevant Shares back to the original Subscriber or to another
Associate of the original Subscriber (subject to there being no more than ten BLACKSTONE Shareholders, ten KIRKBI
Shareholders and ten CVC Shareholders at any time, unless a Subscriber Majority agrees otherwise). Article 16 shall not
apply to the transfer of any Shares pursuant to this article 14. For the purposes of this article

14.1 and article 14.2 Associates of Subscribers shall not include either:
(a) Portfolio Companies of a Subscriber; or
(b) Related Entities of that Subscriber, unless it is also an Affiliate of that Subscriber.
14.2. If Relevant Shares have been transferred under article 14.1 (whether directly or by a series of transfers) by a

Shareholder (the «Transferor» which expression shall not include a second or subsequent transferor in a series of trans-
fers) to an Associate (the «Transferee») and subsequently the Transferee ceases to be an Associate of the Transferor or
is declared bankrupt or is the subject of an insolvency event under the jurisdiction in which it is incorporated then the
Transferee shall forthwith transfer the Relevant Shares to the Transferor or at the Transferor's option to an Associate
of the Transferor. If the Transferor fails to transfer the Relevant Shares within 28 days of the Transferee ceasing to be
an Associate of the Transferor then the Transferee shall be deemed to have served a Transfer Notice (as defined in article
16.1) in respect of the Relevant Shares and the provisions of articles 16.1 to and 16.7 (inclusive) shall apply mutatis
mutandis. The Transfer Notice shall be irrevocable and may not be withdrawn in any circumstances.

14.3. An Institutional Shareholder may transfer Shares to a nominee or trustee for that holder and any such nominee

or trustee may transfer Shares to any other nominee or trustee or to the beneficiary provided that no beneficial interest
in the Shares passes by reason of any such transfer.

14.4. Any person in its capacity as general partner of an investment fund partnership may transfer any Shares held by

it to any of the partners in those partnerships provided that the aggregate Actual Equity Percentage held by all of the
partners in all of those partnerships to whom transfers have been made pursuant to this article 14.4 does not exceed 10
per cent. and subject always to there being no more than ten BLACKSTONE Shareholders, ten KIRKBI Shareholders
and ten CVC Shareholders at any time (unless a Subscriber Majority agree otherwise). In addition any Shareholder which
is an investment fund or nominee or trustee for an investment fund (the «First Fund») may transfer any Shares (the «Fund
Shares») held by it to any other investment fund managed or advised by the same manager or principal adviser as manages
or advises the First Fund (the «Second Fund») subject always to there being no more than ten BLACKSTONE Share-
holders, ten KIRKBI Shareholders and ten CVC Shareholders at any time (unless a Subscriber Majority agrees otherwise)
but if the Second Fund fails to transfer such Shares to the First Fund within 28 days of ceasing to be managed or advised
by the same manager or principal adviser as manages or advises the First Fund then the Second Fund shall be deemed to
have been served a Transfer Notice (as defined in article 16.1) in respect of the Fund Shares and the provisions of articles
16.1 to 16.8 (inclusive) shall apply mutatis mutandis. The Transfer Notice shall be irrevocable and may not be withdrawn
in any circumstances.

14.5. Any Institutional Shareholder may transfer Shares to a «Co-Investment Scheme», being a scheme under which

certain officers, employees or partners of an Institutional Shareholder or of its principal adviser or manager are entitled
(as individuals or through a body corporate or any other vehicle) to acquire Shares which the Institutional Shareholder
would otherwise acquire, provided that the aggregate Actual Equity Percentage held by all Co-Investment Schemes does
not exceed 10 per cent. (subject to there being no more than ten BLACKSTONE Shareholders, ten KIRKBI Shareholders
and ten CVC Shareholders at any time unless a Subscriber Majority agrees otherwise).

A Co-Investment Scheme which holds Shares through a body corporate or another vehicle may transfer such Shares

to:

(a) another body corporate or another vehicle which holds or is to hold Shares for the Co-Investment Scheme; or
(b) any officer, employee or partner entitled to the Shares under the Co-Investment Scheme.
14.6. An Employee or a nominee or trustee for an Employee (the «Original Member») may transfer Shares to a Family

Member of such Original Member or the person for whom the Original Member is acting as nominee or trustee or to
the trustees of a Family Trust of such Original Member or the person for whom the Original Member is acting as nominee
or trustee provided always that if such person ceases to be a Family Trust or a Family Member, the Original Member
shall procure that any Shares held by such person are transferred to the Original Member, another Family Member or a

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Family Trust or to the trustees of a Family Trust in each case of such Original Member or the person for whom the
Original Member is acting as nominee or trustee.

14.7. A trustee of a Family Trust may at any time transfer any Share to:
(a) the new or remaining trustees of the Family Trust upon change of trustees; and
(b) any person on their becoming entitled to the same under the terms of the Family Trust.
14.8. Any person (other than a Subscriber) holding an interest in Shares as a result of a transfer in accordance with

articles 14.6 or 14.7 may at any time transfer such Shares to another Family Member or Family Trust of the Original
Member or the person for whom the Original Member is or was acting as nominee or trustee.

14.9. Any person entitled to Shares in consequence of the death or bankruptcy of an individual (other than a Subscriber)

or Executive or Employee on whose behalf a Shareholder was holding Shares as trustee or nominee may transfer Shares
to any person or trustee to whom such individual Shareholder or former Shareholder or Executive or Employee on
whose behalf a Shareholder or former Shareholder was holding Shares as a trustee or nominee, if not dead or bankrupt,
would be permitted to transfer the same.

14.10. Any person holding Shares as a result of a transfer made after the date of the adoption of these Articles by a

person who was permitted to make such transfer under the terms of these Articles to such Shareholder (a) may at any
time transfer any Share to the person who originally transferred such Shares to such person (or to any other person to
whom such original transferor was permitted to transfer Shares) and (b) shall be obliged to transfer all the Shares to the
person who originally transferred such Shares to such person upon that Shareholder ceasing to be a person to whom
Shares may be transferred pursuant to articles 14.6 to 14.9 (inclusive).

14.11. An Employee Trust may transfer Shares in accordance with the rules of that Employee Trust.
14.12. An individual may transfer Shares to a nominee or trustee for that holder and any nominee or trustee for an

individual may transfer Shares to any other nominee or trustee acting for such individual or to the individual who is the
beneficiary provided that no beneficial interest in the Shares passes by reason of such transfer.

14.13. All Shares issued or to be issued to the Executives, their Family Trusts or an Employee are to be held by no

more than one nominee or trustee on behalf of all of the Executives and/or Employees, unless otherwise agreed in writing
by a Subscriber Majority.

14.14. Subject to article 14.13, Manco may transfer Shares to any Manco Shareholder, Employee, Executive, Employee

Trust and/or any person who is acting as a nominee or trustee for Manco, any Manco Shareholder, an Employee, an
Executive and/or an Employee Trust and any such nominee or trustee may transfer Shares to another nominee or trustee
or to the beneficiary.

Art. 15. Compulsory Transfers of Executives' Shares.
15.1. The Board shall be entitled either:
(a) within the period commencing on the Cessation Date and expiring at midnight on the first anniversary of such date

(the «Cessation Period»); or

(b) where the purchase of the relevant B Ordinary Shares during the Cessation Period is prevented by restrictions

under any applicable law or by the terms of the Financing Documents, within six months after the end of the Cessation
Period,

to serve notice (the «Compulsory Transfer Notice») on all or any members of the Departing Employee's Group who

hold B Ordinary Shares. The Compulsory Transfer Notice may require the relevant member(s), within ten days of the
Compulsory Transfer Notice, to transfer such number and class of B Ordinary Shares held by them at such prices (subject
to the price being not less than that provided for in article 15.2) in each case as are specified in the Compulsory Transfer
Notice to such person(s) as may (subject to article 15.10) be specified in the Compulsory Transfer Notice or subsequently
by the Board. If the relevant member(s) of the Departing Employee's Group make(s) default in transferring the Shares
required to be transferred, the provisions of article 10.4 (Transfer of Shares) shall apply (references therein to the holder,
Relevant Securities, transferee and documents being construed in accordance with the provisions of this article 15).

15.2. The price at which such B Ordinary Shares may be required to be transferred pursuant to article 15.1 shall be

determined by the Board and shall be no lower than:

(a) if the reason for the Departing Employee becoming a Departing Employee (the «Departure Reason») is a Bad

Reason: the lower of Cost and Market Value; and

(b) if the Departure Reason is a Good Reason:
(i) in respect of such percentage of all of the B Ordinary Shares held by the Departing Employee and/or any member

of the Departing Employee's Group as is equal to «A» calculated as set out below, Market Value;

A = 100 x (D/E)
where:
D = the lower of 60 and the number of calendar months to have elapsed from the Commencement Date to the

Cessation Date

E = 60

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U X E M B O U R G

(ii) unless a Subscriber Majority determines otherwise, the lower of Cost and Market Value in respect of the remainder

of the B Ordinary Shares held by the Departing Employee and/or any member of the Departing Employee's Group.

15.3. In article 15.2:
(a) «Good Reason» shall mean:
(i) the death of the Departing Employee;
(ii) the ill health (save where such ill health arises as a result of an abuse of alcohol or drugs) or permanent disability

of the Departing Employee rendering him incapable of continued full-time employment in his current position (or a
comparable position at the location he is employed or otherwise provides his services at the Cessation Date) with the
Group or permanent disability of a member of the Departing Employee's immediate family;

(iii) the retirement of the Departing Employee on reaching retirement age in accordance with his terms of employment;

(iv) in other circumstances where the Board with Subscriber Majority consent agrees in writing that a Departing

Employee should be a Good Leaver;

(b) in the case of the Senior Executives, Good Reason shall also include:
(i) the service contract of the Departing Employee (or other arrangement pursuant to which his services are provided

to a Group Company) being terminated by that Group Company other than in circumstances in which the Group Com-
pany is entitled summarily to terminate such contract without payment of damages or payment in lieu of notice;

(ii) the redundancy of the Departing Employee;
(c) Intentionally left blank
(d) «Bad Reason» shall mean:
(i) voluntary resignation by the Departing Employee for a reason other than a Good Reason; or
(ii) any other reason which is not a Good Reason;
(e) «Cost» shall mean the amount paid or paid up (by way of purchase or subscription price) for the B Ordinary Shares

in question by the first member (in point of time) of the Departing Employee's Group who held such B Ordinary Shares.

15.4. In determining the Market Value of any B Ordinary Shares the subject of the Compulsory Transfer Notice:
(a) in the case of any Senior Executive who is a Departing Employee, the Company may propose to the relevant Senior

Executive a price (calculated on the basis set out in paragraphs (a) to (e) inclusive of article 15.6) which if accepted by
him shall be deemed to be the Market Value for his B Ordinary Shares. In the absence of agreement, Market Value shall
be determined by the Auditors in accordance with article 15.5; and

(b) in the case of any other Departing Employee, Market Value shall be determined by the Remuneration Committee

(acting reasonably) provided that the Remuneration Committee shall, in determining the Market Value, adopt the valuation
principles set out in article 15.6 below.

15.5. Subject to article 15.4, the Market Value of any B Ordinary Shares (the «Transferred Shares») the subject of the

Compulsory Transfer Notice shall be their market value as at the date of the Compulsory Transfer Notice as between
a willing buyer and a willing seller as certified by the Auditors (subject to article 15.7) acting as experts and not arbitrators
and whose determination shall be final and binding on the parties concerned in the absence of manifest error.

15.6. In arriving at the Market Value of any Transferred Shares, the Auditors shall be instructed to:
(a) disregard any restrictions attached to the Shares and no discount shall be made by reason of such Shares constituting

a minority;

(b) determine the «Enterprise Value» which shall mean the price obtainable on a sale of:
(i) all of the issued shares of the Company of whatever class; and
(ii) all Debt Securities in issue (including all accruals and arrears of interest thereon),
together the «Stapled Equity» between a willing buyer and a willing seller (on the assumption that the Stapled Equity

is being sold for cash), assuming for the purpose of this article 15.5 that the Company is free of any indebtedness outs-
tanding under the Financing Documents as at the date of the Compulsory Transfer Notice;

Compulsory Transfer Notice to refinance all amounts (including all arrears and accruals of interest, fees and other costs,
and expenses payable (other than any repayment penalties or fees)) outstanding under the Financing Documents;

(d) deduct from the resultant figure an amount equal to that which would be required as at the date of the Compulsory

Transfer Notice to refinance all amounts (including all arrears and accruals of interest, fees and other costs and expenses
payable (other than any repayment penalties or fees)) outstanding under the Debt Securities then in issue; and

(e) use the resultant figure as the valuation of all of the issued ordinary share capital of the Company from which to

determine the market value of the Transferred Shares as between a willing buyer and a willing seller.

15.7. If the Auditors are unwilling or unable to act under article 15.5, then an Independent Expert shall determine the

Market Value in accordance with article 15.6 and the provisions of articles 15.5 and 15.6 shall apply as if references therein
to «Auditors» were to «Independent Expert» provided that in such circumstances the identity of the Independent Expert
shall be nominated by the Board and the relevant Senior Executive who is a Departing Employee or in the case of

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U X E M B O U R G

disagreement as to such nomination, appointed at the request of the Board or the relevant Senior Executive who is a
Departing Employee by the President for the time being of the Institute of Chartered Accountants in England and Wales.

15.8. The costs and expenses of the Auditors shall be borne by the Company which shall be reimbursed by the

Departing Employee as to 50 per cent of such costs and expenses unless the value determined by the Auditors is 10 per
cent or more higher than that proposed by the Company, in which case such costs and expenses shall be borne by the
Company.

15.9. The B Ordinary Shares to be transferred pursuant to a Compulsory Transfer Notice shall be offered to such

Executives, employees of the Group, future employees of the Group, Manco and/or any Employee Trust and in such
amounts as the CEO and CFO determine, provided that the number of B Ordinary Shares which may be acquired by the
Executives pursuant to any such Compulsory Transfer Notice shall not exceed one per cent. of the total equity share
capital of the Company at such time.

15.10. Any Shares not taken up by the persons to whom they are offered pursuant to article 15.9 shall be offered to

employees, prospective employees of the Group or an Employee Trust as determined by the CEO and CFO or otherwise
warehoused for future allocation by the CEO and CFO to employees or prospective employees of the Group or an
Employee Trust.

15.11. The rights attaching to or restrictions on the B Ordinary Shares set out in this article 15 shall not be varied or

abrogated by the Shareholders or the Company without the prior consent or sanction of the holders of more than 3/4
(three quarters) in nominal value of the issued B Ordinary Shares provided that, in the case of this article 15 only, such
consent shall not be required if the variation or abrogation of rights is: (i) a variation or abrogation of the rights only of
persons who are not holders of B Ordinary Shares at that time; or (ii) does not adversely affect the holders of B Ordinary
Shares at that time.

Art. 16. Right of first offer on transfer of shares.
16.1. If at any time a Shareholder proposes to transfer or dispose of any of its Shares otherwise than in accordance

with articles 10.1, articles 14.1 to 14.13 inclusive, pursuant to a Tag Offer under article 12.1, in accordance with a Come
Along Notice served under article 11.1 or in accordance with a Drag Notice served under article 13.1, it shall first give
notice in writing (the «Transfer Notice») of its desire to do so to each of the other Shareholders who hold shares of the
same class as the Offered Shares (as defined below). The Transfer Notice shall:

(a) specify the number of Shares desired to be transferred or disposed of (the «Offered Shares») by the relevant

Subscriber and/or their respective Associates (the «Vendor»);

(b) specify the price per Share which the Vendor is willing to accept for the Offered Shares (the «Offer Price»), the

number of Shares offered to the relevant recipient being the number of Shares which represents the percentage of all
issued Shares (excluding the Offered Shares) of the same class as the Offered Shares held by the recipients multiplied by
the total number of Offered Shares (the «Proportionate Entitlement») and the identity of the proposed transferee, if any
(the «Proposed Transferee»);

(or part thereof) and for any Shares in excess of such entitlement which he is prepared to purchase («Excess Shares»);
and

(d) not be withdrawn except with the Vendor's consent or as provided in article 16.8.
16.2 If a Proposed Transferee is specified in the Transfer Notice, the Vendor may, at its sole discretion, serve together

with the Transfer Notice a Tag Offer pursuant to article 12 (and a Come Along Notice pursuant to article 11, if applicable)
in respect of the proposed transfer and in such case the relevant time periods for acceptance of the offers made under
this article 16 and under article 12 and/or article 11 shall run concurrently.

16.3. Subject to article 16.8, every such offer shall be open for acceptance in whole or in part within 30 days from the

date of its despatch (which shall be specified in the notice) (the «Final Acceptance Date»). Such offer shall, to the extent
that the same is not accepted by any Shareholder in whole or in part within 30 days of the said date, be deemed to have
been declined by such Shareholder.

16.4 Within two Business Days of the Final Acceptance Date (the «Confirmation Date»), the Vendor shall confirm in

writing to each Shareholder who has indicated that he wishes to purchase his entitlement of Offered Shares (each a
«Purchasing Member») the total number of Offered Shares to be transferred to it (which shall be made up of the Purchasing
Member's Proportionate Entitlement or such lesser number of Offered Shares for which it may have applied and, if
applicable, the number of Excess Shares as calculated pursuant to article 16.5) (the «Total Offered Shares»);

16.5 If the number of any Offered Shares which remain unallocated is less than the total number of Excess Shares

applied for, the unallocated shares shall be allocated (as nearly as may be) pro rata to the holdings of the Shares of the
Shareholders who applied for Excess Shares (calculated among those Shareholders only) and if the number of any Offered
Shares which remain unallocated equals or is greater than the number of Excess Shares applied for, each Shareholder
who has applied for Excess Shares shall (upon receipt of the full consideration) be allocated the number of Excess Shares
for which it applied.

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U X E M B O U R G

16.6 Within 30 days of the Confirmation Date, each Purchasing Member must transfer to the Vendor the full consi-

deration for the Total Offered Shares, upon receipt of which, the Vendor shall transfer the Total Offered Shares to the
Purchasing Member(s).

16.7. The Vendor shall be bound, upon payment of the Offer Price (which payment shall be made within 30 calendar

days of the Confirmation Date, to transfer Shares which have been allocated to the Purchasing Member(s) pursuant to
articles 16.4 and 16.5 to such Purchasing Member(s). If, after becoming so bound, the Vendor makes default in transferring
the Shares and a Purchasing Member so proves to the Company's satisfaction that it had paid the Offer Price, the Vendor
shall be deemed to have appointed any one Manager of the Company as its duly appointed agent with full power to
execute complete and deliver on behalf of the Vendor a transfer of the relevant Shares to the Purchasing Member(s) and,
after each Purchasing Member('s) name has been entered in the register of members of the Company, the validity of the
proceedings shall not be questioned by any person.

16.8 To the extent that the Vendor shall not find buyers for all the Offered Shares or Excess Shares or the Total

Offered Shares pursuant to the procedure set out in articles 16.1 to 16.5 (inclusive), or if all the Shares comprised in a
Transfer Notice are not accepted by a Purchasing Member or Purchasing Members, the Transfer Notice shall be deemed
to be withdrawn and the Vendor may within six months after the Final Acceptance Date, subject always to the provisions
of article 12 and article 11 (if applicable), transfer all (but not some) of the Offered Shares to any person on a bona fide
sale at a price per Share not less than the Offer Price save that:

(a) in the case of a transfer to a proposed transferee who is a person considered by the Board to be a competitor or

connected with a competitor of the business of the Group a transfer may not be registered unless it shall first have been
approved by the Board; and

(b) the Board may require to be satisfied in such manner as it may reasonably require that the Offered Shares are

being sold pursuant to a bona fide sale at a price per Share not less than the Offer Price without any deduction, rebate
or allowance whatsoever to the buyer and if not so satisfied may refuse to register the instrument of transfer.

Art. 17. Other Transfer Restrictions.
17.1. Notwithstanding any other provisions of these Articles, as long as the Licence and Co-operation Agreement

continues in effect and KIRKBI or any of its respective nominees, or Associates is a Shareholder, a Shareholder may not
transfer Shares or any interest in Shares and neither the Company nor any Group Company may issue or grant any rights
over Shares, Quasi Equity, Debt Securities or loans, loan stock or shares of any Group Company to a LEGO Competitor
or an Inappropriate Party without the prior written consent of each of KIRKBI, BLACKSTONE and CVC.

17.2. For the purposes of these Articles, any dispute as to whether a proposed transferee is a LEGO Competitor or

an Inappropriate Party shall be referred for final resolution to a Queen's Counsel acting in England and Wales appointed
by agreement between BLACKSTONE, KIRKBI and CVC to act as an expert and not as an arbitrator or in default of
agreement within 30 days by the Chairman of the Bar Council of England and Wales upon the application of either
BLACKSTONE, KIRKBI or CVC. The costs of the Queen's Counsel shall be borne as determined by that Queen's
Counsel.

D. Management

Art. 18.
(a) The Company is managed by the Board.
(b) The Company will be bound in all circumstances by the signature of any two members of the Board each of whom

has been nominated by a different Subscriber unless the Board resolves otherwise.

circumstances and to authorise all transactions consistent with the Company's object.

Art. 19. The Managers are appointed by the general meeting of Shareholders in accordance with article 20 of these

Articles. A majority of the Managers shall not be made up of United Kingdom residents for tax purposes nor shall it be
made up of Danish residents for tax purpose. A majority of the persons nominated for appointment as Manager pursuant
to these Articles shall not be United Kingdom residents for tax purposes nor shall they be made up of Danish residents
for tax purposes. Subject to the provisions of these Articles, the Managers may be dismissed freely at any time

Art. 20. Appointment and Removal of Managers.
20.1. Subject to articles 19 and 40, BLACKSTONE, KIRKBI and CVC shall each be entitled from time to time to

nominate three individuals for appointment as Managers from which all the Shareholders in general meeting shall appoint
two as Managers.

20.2. In addition to its Subscriber's rights under article 20.1, for as long as that Subscriber's Relevant Share Percentage:
(a) exceeds 40%, it shall be entitled from time to time to nominate a further two individuals for appointment as

Managers from which all the Shareholders in general meeting shall appoint one as additional Manager; or

(b) exceeds 50%, it shall be entitled from time to time to nominate up to a further five individuals for appointment as

Managers from which all of the Shareholders in general meeting shall appoint as Managers such number as will, when
taken together with the other Managers appointed by the relevant Subscriber, constitute a simple majority of the Board.

115096

U X E M B O U R G

20.3. Only a Subscriber who nominated a Manager may:
(i) propose that the Managers that they nominated be dismissed or suspended from office by all the Shareholders in

general meeting; or

(ii) nominate replacements for such Managers who have been dismissed or suspended from office by all the Sharehol-

ders in general meeting.

20.4 Only the Subscribers acting in a Subscriber Majority shall:
(a) be entitled from time to time to nominate an employee of the Group for appointment as a speaking, non-voting

observer (the «Executive Observer»); and

(b) propose that any appointed Executive Observer be replaced by another employee or prospective employee of the

Group.

20.5. The Managers present at any Meeting may appoint any one of their number to act as chairman for the purposes

of that Meeting. The chairman shall not have a second or casting vote.

20.6. Unless otherwise provided in these Articles or by separate agreement between the shareholders, the Managers

shall not be entitled to any remuneration in their capacity as Managers. Each Manager and the Executive Observer shall
be entitled to reimbursement of his reasonable out of pocket expenses in relation to attendance of each Meeting.

20.7 Each Manager may appoint any other Manager as his proxy for the purposes of any Meeting of the Board con-

templated under this article 20 and such proxy may vote on his behalf at that Meeting of the Board.

20.8. At the time of the completion of any sale, assignment, transfer or other disposition of all of the Shares held by

a Subscriber or, when its rights under articles 20.1 and 20.2 cease, that Shareholder shall procure the resignation as soon
as reasonably practicable of each, or as applicable, such number of Managers nominated by it to ensure that the total
number of Managers which it has nominated and have been appointed as Managers is the total that it is entitled to nominate
and have appointed in accordance with these Articles.

20.9. Any Subscriber proposing the removal or suspension of a Manager shall be responsible for, and agrees with the

Company and the other Shareholders to indemnify and keep indemnified the Company and the other Shareholders on
demand against all losses, liabilities and costs which the Company and the other Shareholders may incur arising out of,
or in connection with, any claim by the Manager for wrongful or unfair dismissal or redundancy or other compensation
arising out of the Manager's removal or loss of office.

Art. 21. Deliberately left blank.

Art. 22. Meetings of the Board.
22.1. The Board shall meet upon call by the chairman, or two Managers, and all such meetings shall occur in Luxem-

bourg. The chairman shall preside at all meeting of the Board, but in his absence, the Board may appoint another Manager
as chairman pro tempore by vote of the majority present at any such meeting.

22.2. Written notice of any meeting of the Board must be given to the Managers seven days in advance of the date

foreseen for the meeting, except a meeting of the Board may be convened on less than seven days notice if one of each
of the BLACKSTONE Managers, KIRKBI Managers and CVC Managers agree. A special convocation will not be required
for a Board meeting to be held at a time determined in a prior resolution adopted by the Board.

22.3. For so long as:
(a) BLACKSTONE has the right to nominate at least one BLACKSTONE Manager for appointment to the Board

pursuant to article 20.1, whether or not such Manager has been appointed, the BLACKSTONE Representative will be
entitled to receive notice of and papers relating to all Meetings of the Board at the same time as each Manager;

(b) KIRKBI has the right to nominate at least one KIRKBI Manager for appointment to the Board pursuant to article

20.1, whether or not such Manager has been appointed, the KIRKBI Representative will be entitled to receive notice of
and papers relating to all Meetings of the Board at the same time as each Manager; and

whether or not such Manager has been appointed, the CVC Representative will be entitled to receive notice of and papers
relating to all Meetings of the Board at the same time as each Manager.

22.4. Any Manager may act at any meeting of the Board by appointing, in writing, by facsimile, electronic mail or any

other means of written communication another Manager as his proxy. A Manager may represent more than one of his
colleagues.

22.5. Any Manager may participate in any meeting of the Board by conference call, videoconference or by other similar

means of communication allowing all the persons taking part in the meeting to hear one another provided that a majority
of the Board are physically present at the meeting in Luxembourg. The participation in a meeting by these means is
equivalent to a participation in person at such meeting.

Art. 23. Quorum and Majority.
23.1. The Board can deliberate or act validly only if at least a majority of the Managers is present or represented at a

meeting of the Board. Decisions shall be taken by a majority of votes of the Managers present or represented at such
meeting.

115097

U X E M B O U R G

23.2. The Board may, unanimously, pass resolutions by circular means when expressing its approval in writing, by cable,

telegram, telex or facsimile, or any other similar means of communication, to be confirmed in writing. The entirety will
form the minutes giving evidence of the resolution.

23.3. The quorum for the transaction of business of the Board or any committee or subcommittee thereof shall be a

majority of its members and in any case must include one BLACKSTONE Manager and one KIRKBI Manager and one
CVC Manager, for so long as the relevant appointing Subscriber has the right to nominate at least one Manager for
appointment to the Board pursuant to article 20.1. If within an hour of the time appointed for a Meeting of the Board a
quorum is not present such Meeting shall stand adjourned to the third Business Day later at the same time and place
unless agreed otherwise by one of each of the BLACKSTONE Managers, KIRKBI Managers and CVC Managers (if one is
in office). If at the adjourned Meeting a quorum is not present within one hour of the time appointed for such Meeting,
the Managers present shall constitute a quorum provided that they are a majority of the Managers entitled to attend such
adjourned Meeting. Notice of a Meeting adjourned for absence of a quorum shall be given to all Managers entitled to
attend such adjourned Meeting.

23.5. In the event that a Subscriber (and, in the case of BLACKSTONE, such right may be exercised by Blackstone

Capital Partners (Cayman) IV L.P.) has the right to nominate a Manager for appointment to the Board pursuant to article
20.1 on all occasions in relation to which such a Manager is unable to attend a Meeting of the Board, that Subscriber (and,
in the case of BLACKSTONE, such right may be exercised by Blackstone Capital Partners (Cayman) IV L.P.) shall be
entitled to send to all such Meetings of the Board a speaking observer.

23.6. In the event that a Subscriber's Relevant Equity Percentage is greater than 5 per cent. but he no longer is entitled

to appoint a Manager to the Board as at that date, he will be entitled to receive notice of and papers relating to all Meetings
of the Board at the same time as each Manager.

23.7. Deliberately left blank.
23.8. Deliberately left blank.
23.9. Resolutions shall be passed at any Board meeting by a simple majority of the Managers.

Art. 24. Deliberately left blank.

Art. 25.
25.1. If, at any time, no BLACKSTONE Manager has been appointed under article 20 when BLACKSTONE has a right

under article 20 (subject to article 40) to nominate a BLACKSTONE then references in these Articles to the consent or
approval of one or more of the BLACKSTONE Managers shall be construed as references to the written consent of
BLACKSTONE.

25.2. If, at any time, no KIRKBI Manager has been appointed under article 20 when KIRKBI has a right under article

20 (subject to article 40) to nominate a KIRKBI Manager then references in the Articles to the consent or approval of
one or more of the KIRKBI Managers shall be construed as references to the written consent of KIRKBI.

25.3 If, at any time, no CVC Manager has been appointed under article 20 when CVC has a right under article 20

(subject to article 40) to nominate a CVC Manager then references in these Articles to the consent or approval of one
or more of the CVC Managers shall be construed as references to the written consent of CVC.

25.3. Deliberately left blank.

Art. 26. The minutes of any meeting of the Board shall be signed by the chairman or, in his absence, by the vice-

chairman, or by two Managers. Copies or extracts of such minutes which may be produced in judicial proceedings or
otherwise shall be signed by the chairman, or by two Managers.

Art. 27. The death or resignation of a Manager, for any reason whatsoever, shall not cause the dissolution of the

Company.

Art. 28. The Manager(s) do not assume, by reason of its/their position, any personal liability in relation to commitments

regularly made by them in the name of the Company. They are authorised agents only and are therefore merely responsible
for the execution of their mandate.

E. Collective decisions of the shareholders

Art. 29. Each Shareholder may participate in the collective decisions irrespective of the numbers of Shares which he

owns. Each Shareholder is entitled to as many votes as he holds or represents Shares.

Art. 30. Collective decisions are only validly taken in so far they are adopted by Shareholders owning more than half

of the share capital.

Art. 31. Deliberately left blank.

Art. 32. Shareholder and Board Consent Rights.
32.1. Any decision relating to any of the following matters shall require either: (a) the prior written consent of each

of the Significant Subscribers; or (b) the prior approval of a majority of the Board including at least one of the Managers
appointed by each Significant Subscriber:

115098

U X E M B O U R G

(a) any change in the memorandum of association of the Company or the Articles, other than as required where there

is any conflict or inconsistency between the provisions of any agreement entered into by the Shareholders and the
provisions of these articles;

(b) any issue of Shares or Quasi Equity or Debt Securities;
(c) the undertaking or entering into of any transaction by the Company or any Group Company (other than pursuant

to these Articles) which, if the Company were admitted to the Official List of the UK Listing Authority and to trading on
the London Stock Exchange's market for listed securities, would constitute a transaction falling within Class 1 (as defined
from time to time in the Listing Rules) save that the calculation resulting from the consideration to market capitalisation
ratio shall not apply;

(d) the passing of any resolution to (i) wind up the Company or any material Group Company, or the filing of any

petition for the appointment of a liquidator, or the making of an invitation to any person to appoint an administrative
receiver or administrator or the taking of any step (including but without limitation the service of any notice or filing of
any document by the Company or any of its directors) under the provisions under Section VII of the Luxembourg law of
10 August 1915 on Commercial Companies, as amended, and article 440 and following of the Luxembourg Commercial
Code (ii) to place the Company (or any Group Company as the case may be) in administration, or the presentation of
any petition by the Company (or any Group Company as the case may be) or any of its Managers to the court for an
administration order under the provisions of the grand ducal decree of 24 May 1935 on controlled management;

(e) the creation, renewal or extension of any borrowing commitment by any Group Company which is (a) not per-

mitted or would otherwise require bank consent under the Financing Documents; or (b) in excess of €25 million;

(f) any individual or related series (in any 12 month period) of capital expenditure commitments by any Group Company

exceeding €100 million, excluding capital expenditure relating to the acquisition of new parks;

(g) the assignment, sale or other disposal in any 12 month period of any asset or related group of assets by any Group

Company (other than a member of the Operating Group) having a net book value in aggregate of €200 million or more,
excluding the assignment, sale or other disposal of one individual park or attraction and assets and liabilities relating
thereto each year;

(h) any change in the Company's auditors to a firm other than KPMG LLP, Ernst & Young, Deloitte or Pricewate-

rhouseCoopers;

(i) any decision relating to the establishment of any share option or other share-based incentive scheme for any manager

or employee of any Group Company involving the issue of Shares beyond those described in the definition of Permitted
Issue; and

(j) any material change to the business of the Company or the business of any Group Company which is inconsistent

with the Business.

(k) any issue of shares, shareholder loans or loan stock by a Group Company to any person other than a Group

Company; or

(l) the making of any loan by any member of the Operating Group to a Subscriber.
32.2 The provisions of article 32.1 above shall not apply to a Permitted Issue, a Permitted Borrowing, a Permitted

Acquisition or a sale of the Company pursuant to the mechanism set out in article 13 or to any action necessary to
implement any of the foregoing or to give effect to any matter specifically contemplated in any agreement between the
Shareholders, each of which shall require the approval of the Board acting by a simple majority.

F. Financial year - Annual accounts - Distribution of profits

Art. 33. The Company's financial year commences on the first of January and ends on the thirty-first of December.

Art. 34. Each year on the thirty-first of December, the accounts are closed and the Managers prepare an inventory

including an indication of the value of the Company's assets and liabilities. Each Shareholder may inspect the above
inventory and balance sheet at the Company's registered office.

Art. 35. Five per cent (5%) of the net profits are set aside for the establishment of a statutory reserve, until such

reserve amounts to ten per cent (10%) of the share capital. The balance may be freely used by the Shareholders.

The Shareholders may decide to pay interim dividends on the basis of a statement of accounts prepared by the Manager

or the Board showing that sufficient funds are available for distribution, it being understood that the amount to be
distributed may not exceed realized profits since the end of the last fiscal year, increased by carried forward profits and
distributable reserves, but decreased by carried forward losses and sums to be allocated to a reserve to be established
by law or by these articles of incorporation.

Art. 36. Any distributions made by the Company of amounts of capital or income available for distribution in accordance

with Luxembourg law, at any time and including upon the liquidation of the Company, (a «Distribution») shall be made
in the following order of priority:

(a) first, to the holders of the A Ordinary Shares (in their capacity as such) until they have received in respect of the

A Ordinary Shares (together with all previous Distributions made in respect of any A Ordinary Share) the aggregate

115099

U X E M B O U R G

Preferred Return in respect of all of the A Ordinary Shares, such payments being made pro rata to the Issue Price of the
A Ordinary Shares;

(b) second, to the holders of the A Ordinary Shares (in their capacity as such) until they have received in respect of

the A Ordinary Shares (together with all previous Distributions made in respect of any A Ordinary Share) the aggregate
Issue Price of all of the A Ordinary Shares, such payments being made pro rata to the Issue Price of the A Ordinary
Shares; and

(pro rata to the number of A Ordinary Shares they hold) and 12.8% of the remainder of the Distribution shall be distributed
to the holders of the B Ordinary Shares (pro rata to the number of B Ordinary Shares they hold), pari passu as if the A
Ordinary Shares and B Ordinary Shares constituted one class of shares.

For the purposes of this Article 36:
«Currency Split» means the split specified in the terms of the A Ordinary Shares in question and in the case of the A

Ordinary Shares issued on the date of Completion means 35 per cent. in sterling, 40 per cent. in Euros and 25 per cent.
in US dollars; and

«Issue Price» means the issue price of the share in question (to be agreed at the time of issue) which for each A

Ordinary Share shall be partly denominated in sterling (the «Sterling Issue Price»), partly denominated in Euro (the «Euro
Issue Price») and partly denominated in US dollars (the «US$ Issue Price») and the A Ordinary Shares issued on the date
of Completion shall be deemed to have an Issue Price of the aggregate of £3.16, €4.04 and US$3.37 per A Ordinary Share;

«Preferred Return» means an amount equal to a yield on each currency component of the Issue Price of each A

Ordinary Share calculated at the rate of 8 per cent per annum (accrued on a day-to-day basis and compounded on each
anniversary of issue) and on the basis that for the purposes of calculating the Preferred Return, any Distributions in respect
of an A Ordinary Share shall be treated as reducing:

(A) first, any amount of outstanding unpaid Preferred Return with effect from the date of that Distribution; and
(B) thereafter (once all amounts of outstanding unpaid Preferred Return have been satisfied) shall be treated as reducing

the Issue Price of that A Ordinary Share with effect from the date of that Distribution.

For the purpose of determining the satisfaction of the Preferred Return on any A Ordinary Shares and the return on

any A Ordinary Shares:

(i) Each Distribution shall (regardless of the currency in which it is actually paid) be deemed to be made in sterling,

Euro and US dollars on the basis of the Currency Split and applying the closing foreign exchange rates in London as
published by Bloomberg prevailing at the close of business on the Business Day immediately preceding the Distribution
(the «Prevailing Exchange Rate») where necessary to achieve the Currency Split.

(ii) Once the Distribution has been notionally denominated in accordance with paragraph
(i) above, the deemed amounts of the Distribution in each currency (such amounts being the «Deemed Sterling Dis-

tribution», the «Deemed Euro Distribution» and the «Deemed US$ Distribution», respectively) shall be notionally applied
against the aggregate value of:

(A) in the case of the Deemed Sterling Distribution, the sterling component of the A Ordinary Shares (calculated by

multiplying the number of A Ordinary Shares in issue with the same Sterling Issue Price by such Sterling Issue Price and,
in circumstances where there are in issue A Ordinary Shares with differing Sterling Issue Prices, aggregating the totals, in
all cases together with the Preferred Return accrued and outstanding thereon) (such aggregate amount the «Accrued
Sterling Value»);

(B) in the case of the Deemed Euro Distribution, the Euro component of the A Ordinary Shares (calculated by mul-

tiplying the number of A Ordinary Shares in issue with the same Euro Issue Price by such Euro Issue Price and, in
circumstances where there are in issue A Ordinary Shares with differing Euro Issue Prices, aggregating the totals, in all
cases together with the Preferred Return accrued and outstanding thereon) (such aggregate amount the «Accrued Euro
Value»); and

multiplying the number of A Ordinary Shares in issue with the same US$ Issue Price by such US$ Issue Price and, in
circumstances where there are in issue A Ordinary Shares with differing US$ Issue Prices, aggregating the totals, in all
cases together with the Preferred Return accrued and outstanding thereon) (such aggregate amount the «Accrued US$
Value»),

for the purposes of determining whether, from time to time, the priority payments in paragraphs (a) and (b) of this

article 36 have been satisfied.

(iii) In the event that resulting from a Distribution the Deemed Sterling Distribution exceeds the Accrued Sterling

Value or the Deemed Euro Distribution exceeds the Accrued Euro Value or the Deemed US$ Distribution exceeds the
Accrued US$ Value, then the excess Deemed Sterling Distribution, Deemed Euro Distribution and/or Deemed US$
Distribution (as the case may be) shall be notionally converted into sterling (if there remains any outstanding Accrued
Sterling Value), Euros (if there remains any outstanding Accrued Euro Value) and/or US dollars (if there remains an
outstanding Accrued US$ Value) pro rata to the Currency Split (but for these purposes excluding any currency in respect

115100

U X E M B O U R G

of which the distribution exceeds the outstanding accrued value) applying the Prevailing Exchange Rate and notionally
applied to the outstanding Accrued Sterling Value, Accrued Euro Value or Accrued US$ Value as the case may be.

(iv) By way of illustration, the following is a worked example of the determination of the return on A Ordinary Shares:

Setup FX
Rates
(SPA)
£-€ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1.117

£-$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1.491

Setup FX
Split
£ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

35.0%

€ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

40.0%

$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25.0%

SUM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0%
Total Setup Value in Local currency
£ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 430,856,170
€ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 550,018,676
$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 458,861,821
Per Share Setup Value in Local Currency
£ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.16

€ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4.04

$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.37

Setup
All-£
Equivalent

Set-up Value

(all in (£))

BLACKSTONE CAPITAL PARTNERS (CAYMAN) IV LP . . . . . . . . . . . . . .

395,505,332

43,774,745 32.13%

BLACKSTONE CAPITAL PARTNERS (CAYMAN) IV-A LP . . . . . . . . . . . .

6,231,564

689,715

0.51%

BLACKSTONE FAMILY INVESTMENT PARTNERSHIP (CAYMAN)
IV A LP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17,497,468

1,936,630

1.42%

BLACKSTONE PARTICIPATION PARTNERSHIP (CAYMAN) IV LP . . . . .

1,406,865

155,715

0.11%

KIRKBI A/S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

446,592,970

49,429,155 36.28%

LANCELOT HOLDINGS S.a.r.L. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

346,454,194

38,345,740 28.14%

DE FACTO 1271 LIMITED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17,329,236

1,918,010

1.41%

TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,231,017,628 136,249,710 100.0%

23/07/2010

Set-up

Roll-up

23/07/2011

Anniversary

Roll-up

23/07/2012

2 Anniversary

23/072012

Distribution

23/07/12

Preferred Return
£m Total Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 430.9 465.3 37.2 502.6
€m Total Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 550.0 594.0 47.5 641.5
$m Total Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 458.9 495.6 39.6 535.2
Distribution Example
£100m distribution – assuming FX unchanged
Local Currency

Split

Dividend

local

Currency

Accrued

value

£ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.0% 35,000,000

502.6

(35.0) 467.6

€ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.0%

44,680,00

641.5

(44.7) 596.9

$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.0% 37,275,000

535.2

(37.3) 497.9

Distribution – Example II
£100m distribution – assuming € weakened vs £

115101

U X E M B O U R G

Local Currency

Split

Dividend

local

Currency

Accrued

value

£ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.0% 35,000,000

502.6

(35.0) 467.6

€ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.0% 60,000,000

641.5

(60.0) 581.5

$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.0% 37,275,000

535.2

(37.3) 497.9

Exit Example
£2,000m pre-dilution exit equity value – assuming € weakened vs (no distribution pre-exit assumed) and assuming an

exit on 23-Jul-12

Local Currency

Spot

Rate

Accrued

value

(£m)

Accrued

value

(£m)

£ . . . . . . . . . . . . . . . . . . . . . . . 1,000

502.6

€ . . . . . . . . . . . . . . . . . . . . . . . 2,000

641.5

320.8

$ . . . . . . . . . . . . . . . . . . . . . . . 1,491

535.2

359.0

SUM (£M) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1,182.3

Disposal Proceeds (£m) . . . . . . . . . . . . . . . . . . . . . .

2,000.0

Value in excess of accrued A-Share value (£m) . . . . .

817.7

thereof to B-share holders (12.8%) (£m) . . . . . . . . . .

104.7

Thereof to A-share holders (87.2%)(£m) . . . . . . . . .

713.0

Art. 37. Dividends in respect of Shares shall be allocated to Shareholders in accordance with article 36 and, in respect

of such amounts for distribution, as between the Shares comprising the A Ordinary Shares and the Shares comprising
the B Ordinary Shares, according to the following allocation scheme:

(a) The holders of B1 Ordinary Shares, B2 Ordinary Shares, B3 Ordinary Shares and B4 Ordinary Shares shall be

granted a right to receive, pro rata, a preferred dividend representing 0.25% of the nominal value of such B Ordinary
Shares. After the payment of any such preferred dividends, all remaining income available for allocation to the holders of
B Ordinary Shares in the Company, if any, shall be paid to the holders of B5 Ordinary Shares;

Should the B5 Ordinary Shares have all been cancelled following their redemption, repurchase or otherwise at the

time of the allocation, the holders of B4 Ordinary Shares shall be entitled to receive all remaining income available for
allocation to the holders of B Ordinary Shares, if any, after the pro rata payment of any preferred dividends to the holders
of B1 Ordinary Shares, B2 Ordinary Shares and B3 Ordinary Shares;

Should the B5 Ordinary Shares and B4 Ordinary Shares have all been cancelled following their redemption, repurchase

or otherwise at the time of the allocation, the holders of B3 Ordinary Shares shall be entitled to receive all remaining
income available for allocation to the holders of B Ordinary Shares, if any, after the pro rata payment of any preferred
dividends to the holders of B1 Ordinary Shares and B2 Ordinary Shares;

Should the B5 Ordinary Shares, B4 Ordinary Shares and B3 Ordinary Shares have all been cancelled following their

redemption, repurchase or otherwise at the time of the allocation, the holders of B2 Ordinary Shares shall be entitled
to receive all remaining income available for allocation to the holders of B Ordinary Shares, if any, after the pro rata
payment of any preferred dividends to the holders of B1 Ordinary Shares; and

Should the B5 Ordinary Shares, B4 Ordinary Shares, B3 Ordinary Shares and B2 Ordinary Shares all have been cancelled

following their redemption, repurchase or otherwise at the time of the allocation, the holders of B1 Ordinary Shares
shall be entitled to receive all remaining income available for allocation to the holders of B Ordinary Shares, if any.

(b) The holders of A1 Ordinary Shares, A2 Ordinary Shares, A3 Ordinary Shares and A4 Ordinary Shares shall be

granted a right to receive, pro rata, a preferred dividend representing 0.25% of the nominal value of such A Ordinary
Shares. After the payment of any such preferred dividends, all remaining income available for allocation to the holders of
A Ordinary Shares in the Company, if any, shall be paid to the holders of A5 Ordinary Shares;

Should the A5 Ordinary Shares have all been cancelled following their redemption, repurchase or otherwise at the

time of the allocation, the holders of A4 Ordinary Shares shall be entitled to receive all remaining income available for
allocation to the holders of A Ordinary Shares, if any, after the pro rata payment of any preferred dividends to the holders
of A1 Ordinary Shares, A2 Ordinary Shares and A3 Ordinary Shares;

Should the A5 Ordinary Shares and A4 Ordinary Shares have all been cancelled following their redemption, repurchase

or otherwise at the time of the allocation, the holders of A3 Ordinary Shares shall be entitled to receive all remaining
income available for allocation to the holders of A Ordinary Shares, if any, after the pro rata payment of any preferred
dividends to the holders of A1 Ordinary Shares and A2 Ordinary Shares;

Should the A5 Ordinary Shares, A4 Ordinary Shares and A3 Ordinary Shares have all been cancelled following their

redemption, repurchase or otherwise at the time of the allocation, the holders of A2 Ordinary Shares shall be entitled
to receive all remaining income available for allocation to the holders of A Ordinary Shares, if any, after the pro rata
payment of any preferred dividends to the holders of A1 Ordinary Shares; and

115102

U X E M B O U R G

Should the A5 Ordinary Shares, A4 Ordinary Shares, A3 Ordinary Shares and A2 Ordinary Shares all have been

cancelled following their redemption, repurchase or otherwise at the time of the allocation, the holders of A1 Ordinary
Shares shall be entitled to receive all remaining income available for allocation to the holders of A Ordinary Shares, if any.

G. Dissolution - Liquidation

Art. 38. In the event of a dissolution of the Company, the Company shall be liquidated by one or more liquidators,

which do not need to be Shareholders, and which are appointed by the general meeting of Shareholders which will
determine their powers and fees. Unless otherwise provided, the liquidators shall have the most extensive powers for
the realisation of the assets and payment of the liabilities of the Company.

Art. 39. Sale of the Share Capital of the Company
In the event of a Majority Sale, then, notwithstanding anything to the contrary in the terms and conditions governing

such Majority Sale (unless all the selling holders of shares in the Company immediately prior to such Majority Sale have
agreed to the contrary for the purposes of this article 39) the selling holders of shares in the Company (immediately prior
to such Majority Sale) shall procure that the consideration (whenever received and in whatever form) shall be held by a
trustee nominated by the Board and shall be distributed amongst such selling holders in the same order of priority as set
out in article 36 as if the date of such Majority Sale were the date of the return of capital for the purposes of article 36
and as if the consideration for such Majority Sale represented all of the assets of the Company available for distribution
to the holders of the shares being sold.

Art. 40. Termination of Subscribers' rights to make appointments
Notwithstanding any other provision of these Articles, the rights of each Subscriber under article 20.1 to appoint

Managers shall: (a) be reduced such that the relevant Subscriber has the right to appoint only one Manager (as the case
may be) if it transfers (otherwise than pursuant to article 14) Shares amounting to more than one third of its holding of
Shares on Completion; and (b) cease absolutely if for whatever reason the relevant Subscriber's Relevant Share Percentage
is less than 10%.

Art. 41. Exit.
40.1. At any time:
(a) prior to the third anniversary of Completion, a Subscriber Majority may require the Board to pursue a Listing and

may elect to effect a Listing provided that immediately upon Listing the market capitalisation of all the issued shares of
the Listed Entity (calculated by reference to the price at which such shares are sold to investors upon Listing) is equal to
or higher than the Hurdle Valuation;

(b) during the period from the third anniversary until the fourth anniversary of Completion, a Subscriber Majority may

require the Board to pursue a Listing and may elect to effect a Listing provided that immediately upon Listing the market
capitalisation of all the issued shares of the Listed Entity (calculated by reference to the price at which such shares are
sold to investors upon Listing) is equal to or higher than the Closing Equity Valuation; and

a Listing at any price,

provided that in the case of either (a) or (b) above, the ratio of third party loans in the Group to EBITDA on completion

of the Listing or as set out in the pro forma account of the Listed Entity disclosed in connection with the Listing will be
no less than 2.5 to 1.

40.2 If some, but not all, of the Subscribers consent to the Listing, the nonconsenting Subscribers will not under any

circumstances be required to transfer their Shares (other than in exchange for shares in an Ultimate Holding Company)
or the shares held by them in the Listed Entity in connection with or as a result of the Listing.

40.3 The Shareholders and the Company shall notify each of the Company and the other Shareholders (as the case

may be) of any approach received by any of them which it is reasonable to believe might lead to an offer being made to
purchase all of the share capital or all (or a material part) of the business of the Company or any other members of the
Group. Each of the Subscribers shall notify the CEO and CFO of any such approach which they reasonably consider is
likely to lead to such an offer.

40.4 In relation to any Listing or proposal to List, the Company must with the prior consent of the Subscriber Majority

instruct the corporate finance group of an investment bank of international standing which provides equity underwriting
services in the United Kingdom (the «Investment Bank») to: undertake all necessary steps to effect the Listing.

Art. 42. The death, suspension of civil rights, bankruptcy or insolvency of one of the shareholders will not cause the

dissolution of the Company.

Art. 43. Neither creditors, nor assigns, nor heirs may for any reason affix seals on assets or documents of the Company.

Art. 44. All matters not governed by these articles of incorporation shall be determined in accordance with the Law

of 1915 concerning commercial companies and amendments thereto.

Art. 45. Limited Liability

115103

U X E M B O U R G

45.1 Notwithstanding anything that may be expressed or implied in these Articles, with regard to BLACKSTONE, no

person or entity, other than the specific BLACKSTONE entities that are Shareholders from time to time (collectively,
the «BLACKSTONE Shareholders»), shall have any obligations under these Articles and, notwithstanding that the
BLACKSTONE Shareholders may be limited partnerships, no recourse shall be had against, and no personal liability
whatsoever shall attach to, be imposed on or otherwise be incurred by, any current or future director, officer, employee
or agent of any BLACKSTONE Shareholder or against any current or future limited partner, member or shareholder of
any BLACKSTONE Shareholder (or any current or future general partner of any BLACKSTONE Shareholder which is a
partnership which has a separate legal identity from its partners) or any current or future director, officer, employee,
agent, limited partner, member, affiliate (other than the BLACKSTONE Shareholders) or assignee of any such general or
limited partner, member or shareholder, whether by the enforcement of any assessment or by any legal of equitable
proceeding, or by virtue of any statute, regulation or other applicable law, for any obligations of BLACKSTONE under
these Articles or for any claim based on, in respect of or by reason of such obligations or their creation.

45.2 Notwithstanding anything that may be expressed or implied in these Articles, with regard to any KIRKBI Share-

holder, for as long as it holds Shares, no person or entity, other than the KIRKBI Shareholders shall have any obligations
under these Articles in respect of such Shares, no recourse shall be had against, and no personal liability whatsoever shall
attach to, be imposed on or otherwise be incurred by, any current or future director, officer, employee or agent of any
KIRKBI Shareholder or against any current or future limited partner, member or shareholder of any KIRKBI Shareholder
(or any current or future general partner of any KIRKBI Shareholder which is a partnership which has a separate legal
identity from its partners) or any current or future director, officer, employee, agent, limited partner, member, affiliate
(other than the KIRKBI Shareholders) or assignee of any such general or limited partner, member or shareholder, whether
by the enforcement of any assessment or by any legal of equitable proceeding, or by virtue of any statute, regulation or
other applicable law, for any obligations of KIRKBI under these Articles or for any claim based on, in respect of or by
reason of such obligations or their creation.

45.3 Notwithstanding anything that may be expressed or implied in these Articles, with regard to CVC, no person or

entity, other than the specific CVC entities that are Shareholders from time to time (collectively, the «CVC Sharehol-
ders»), shall have any obligations under these Articles and, notwithstanding that the CVC Shareholders may be limited
partnerships, no recourse shall be had against, and no personal liability whatsoever shall attach to, be imposed on or
otherwise be incurred by, any current or future director, officer, employee or agent of any CVC Shareholder or against
any current or future limited partner, member or shareholder of any CVC Shareholder (or any current or future general
partner of any CVC Shareholder which is a partnership which has a separate legal identity from its partners) or any current
or future director, officer, employee, agent, limited partner, member, affiliate (other than the CVC Shareholders) or
assignee of any such general or limited partner, member or shareholder, whether by the enforcement of any assessment
or by any legal of equitable proceeding, or by virtue of any statute, regulation or other applicable law, for any obligations
of CVC under these Articles or for any claim based on, in respect of or by reason of such obligations or their creation.”

Expenses

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

result of the present stated increase of capital, are estimated EUR 3,000.--.

There being no further business, the meeting is terminated.

Whereof the present deed is drawn up in Luxembourg, at the office of the undersigned notary, on the day stated at

the beginning of this document.

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

person, the present deed is worded in English, followed by a French version; upon request of the appearing person and
in case of divergences between the English and the French text, the English version will be prevailing.

The document having been read to the appearing person, said person signed together with the notary the present

deed.

Suit la traduction française du texte qui précède:

( N.B. Pour des raisons techniques, ladite version française est publiée au Mémorial C-N° 2399 du 6 octobre 2011. )

Signé: D. MORARCALIEV et C. WERSANDT.

Enregistré à Luxembourg A.C., le 1

juillet 2011. Relation: LAC/2011/29897. Reçu soixante-quinze euros (75,- EUR).

Le Receveur (signé): F. SANDT.

- POUR EXPEDITION CONFORME délivrée à la société sur demande.

Luxembourg, le 20 juillet 2011.

Référence de publication: 2011117201/1604.
(110134694) Déposé au registre de commerce et des sociétés de Luxembourg, le 17 août 2011.

Editeur:

Service Central de Législation, 43, boulevard F.-D. Roosevelt, L-2450 Luxembourg

Imprimeur: Association momentanée Imprimerie Centrale / Victor Buck

115104

Document Outline

239 Finance S.à r.l.

3Lux Finance S.à r.l.

4 Pat

AC Property SA

Capital International Portfolios

Capital International Portfolios 2

Chauffage Sauerwiss S.A.

Doduco S.à r.l.

Electro Viaduc S.à r.l.

EPF Exchequer Court S.à r.l.

Euro D.O. S.A.

Eurofid S.à r.l.

European Properties S.à r.l.

European Repro Finance S.A.

FFS 2 S.à r.l.

Fizzbikes Distribution S.A.

FLE

Inversiones Caudal I S.à r.l.

KEIF Germany Simmern S.à r.l.

KEIF Germany Urbach S.à r.l.

Knightlights Property International S.A.

Lux Technology S.A.

Maintenance Tuyauteries Industrielles Lux

Mars Propco 35 S.à r.l.

MBT Luxembourg S.à r.l.

Merlin Entertainments S.à r.l.

Minimercado Portugal S.àr.l.

Mobilier et Jardin S.A.

Neweb Creations S.à r.l.

Newstar S.A.

NLD Activities S.A.

ODC International Group S.A.

Phase III Development Company S.à r.l.

Portfolio EDMOND DE ROTHSCHILD FUND

Provac S.àr.l.

QM Holdings 4 S.à r.l.

QM Holdings 5 S.à r.l.

Quaesta Capital Umbrella SICAV-SIF

Scimdorf S.A.

Senna Cordonnerie Rapide S.A.

Seven Mills S.A.

Smeraldo S.A.

Style & Feeling

TA EU Acquisitions III S.à r.l.

Technique & Régulation Développement Luxembourg S.à r.l.

TEIF Germany Dortmund S.à r.l.

TEIF Germany Simmern S.à r.l.

TEIF Germany Urbach S.à r.l.

The World Trust Fund

TJT (B) (Luxembourg) Investment Company S.à r.l.

Universal Automation Systems S.A.

Vantage Partnership I S.C.A., SICAR

VPB Finance S.A.