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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° 811

28 mars 2012

SOMMAIRE

Ålandsbanken Global Products SICAV II

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

38892

Alandsbanken Sicav . . . . . . . . . . . . . . . . . . . .

38891

All Car Services S.A. . . . . . . . . . . . . . . . . . . .

38891

Alma Finance S.A. . . . . . . . . . . . . . . . . . . . . . .

38882

Amundi Interinvest . . . . . . . . . . . . . . . . . . . . .

38883

Amundi Islamic . . . . . . . . . . . . . . . . . . . . . . . .

38892

Avere Asset Management S.A. . . . . . . . . . .

38886

Bilfinger Berger Global Infrastructure SI-

CAV S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38888

Blackpeak Investment Fund GP S.à r.l. . . .

38919

BNP Paribas InstiCash . . . . . . . . . . . . . . . . . .

38894

BNP Paribas Short Term Fund . . . . . . . . . .

38895

Brugama SPF S.A. . . . . . . . . . . . . . . . . . . . . . .

38907

Carolus Investment Corporation S.A.

S.P.F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38891

China Grace Capital II S.à.r.l. . . . . . . . . . . .

38926

Concorde Partners SICAV . . . . . . . . . . . . . .

38887

Cordalia S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

38915

Cybertronic SA . . . . . . . . . . . . . . . . . . . . . . . .

38897

Dannyboy S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

38882

Digital Signage International Holding . . . .

38928

Dufinlux S.C.A. - SPF . . . . . . . . . . . . . . . . . . .

38918

Eclipp L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38896

Ely International SPF S.A. . . . . . . . . . . . . . .

38915

Emcor Luxembourg S.A.-SPF . . . . . . . . . . .

38905

Espirito Santo Financial Group S.A. . . . . . .

38884

Finance et Management des Investisse-

ments S.A., SPF . . . . . . . . . . . . . . . . . . . . . . .

38915

Flexifund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38898

Investdeutschland S.A., SPF . . . . . . . . . . . . .

38897

Ipsila S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38916

JKC Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38900

Mapicius S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

38918

Metis SIF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38901

Mosqueteiros S.A. . . . . . . . . . . . . . . . . . . . . . .

38902

Nordea 1 SICAV . . . . . . . . . . . . . . . . . . . . . . .

38916

Orco Germany S.A. . . . . . . . . . . . . . . . . . . . .

38907

Orco Germany S.A. . . . . . . . . . . . . . . . . . . . .

38911

Parworld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38899

Private Placement Fund . . . . . . . . . . . . . . . .

38901

ProFund Global Income . . . . . . . . . . . . . . . .

38926

ProFund Global Income . . . . . . . . . . . . . . . .

38926

SEB SICAV 2 . . . . . . . . . . . . . . . . . . . . . . . . . .

38902

Semtex S.A., SPF . . . . . . . . . . . . . . . . . . . . . .

38902

Société Anonyme des Chaux de Contern

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

38882

Société de Promotion pour le Développe-

ment des Activités de Services S.P.F. S.A.

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

38903

Sofires S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38903

Sylux S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38904

Tenke S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38905

Trafco S.A. - SPF . . . . . . . . . . . . . . . . . . . . . . .

38898

UBS Luxembourg Sicav . . . . . . . . . . . . . . . . .

38903

Vivaro Holdings S.A. S.P.F. . . . . . . . . . . . . . .

38905

WestLB Mellon Compass Fund . . . . . . . . . .

38887

World Invest . . . . . . . . . . . . . . . . . . . . . . . . . . .

38904

Worldselect One . . . . . . . . . . . . . . . . . . . . . . .

38906

Ydulux S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38918

38881

U X E M B O U R G

Dannyboy S.A., Société Anonyme.

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

R.C.S. Luxembourg B 143.906.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 19 avril 2012 à 14.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

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

sur l'exercice se clôturant au 31 décembre 2011;

2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. divers.

Le Conseil d'Administration.

Référence de publication: 2012030678/10/18.

Alma Finance S.A., Société Anonyme.

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

R.C.S. Luxembourg B 95.125.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

se tiendra le 19 avril 2012 à 10.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

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

sur l'exercice se clôturant au 31 décembre 2011;

Le Conseil d'Administration.

Référence de publication: 2012030680/10/18.

Société Anonyme des Chaux de Contern, Société Anonyme.

Siège social: L-5324 Contern, rue des Chaux.

R.C.S. Luxembourg B 7.119.

Mesdames et Messieurs les actionnaires sont priés de bien vouloir assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 16 avril 2012 , à 15.00 heures, à Contern, rue des Chaux, à l'effet de délibérer sur l'ordre du jour

Ordre du jour:

1. Rapport du Conseil d'Administration et du réviseur d'entreprise à l'assemblée générale sur l'exercice 2011.
2. Approbation des comptes annuels au 31 décembre 2011.
3. Allocation du résultat.
4. Décharge aux administrateurs et au réviseur d'entreprises.
5. Nominations statutaires.
6. Désignation du mandat du réviseur d'entreprises pour la vérification des comptes sociaux de l'exercice 2012.
7. Divers.

Conformément à l'article 16 des statuts, les actionnaires propriétaires d'actions au porteur qui désirent assister ou se

faire représenter à l'assemblée générale doivent déposer leurs titres cinq jours francs avant la date fixée pour l'assemblée
dans un des établissements suivants :

38882

U X E M B O U R G

au siège social à Contern,
à la Banque Fortis Luxembourg,
à la Dexia Banque Internationale à Luxembourg.

Les actionnaires en nom qui désirent assister ou se faire représenter à l'assemblée générale doivent en aviser la société

cinq jours au moins avant l'assemblée.

Les procurations devront être parvenues au siège social trois jours francs au moins avant l'assemblée.

Le Conseil d'Administration.

Référence de publication: 2012035227/28.

Amundi Interinvest, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 26.004.

Due to the lack of quorum, the extraordinary general meeting convened on 23 March 2012 at 11:30 a.m. was not able

to validly decide on the items of its agenda. Thus, Shareholders are hereby convened to attend a new

EXTRAORDINARY GENERAL MEETING

to be held at the registered office of AMUNDI LUXEMBOURG, 5, Allée Scheffer, L-2520 Luxembourg on 2 7 April

2012 at 10:30 a.m. (Luxembourg time) with the following agenda:

Agenda:

1. To amend the text of a number of articles of the Articles of Incorporation in order to implement the changes as

required by the new law dated 17 December 2010 on undertakings for collective investment (the "2010 Law"),
replacing the Law dated 20 December 2010 on undertakings for collective investment, and in particular to (not an
exhaustive summary):
- replace any reference to the law dated 20 December 2002 on undertakings for collective investment by references
to the law dated 17 December 2010 on undertakings to collective investment; and
- allow the Company to perform cross-sub-fund investments (see article 17).

2. To amend the object of the Company in article 3 in order to update the reference to the fund legislation. The new

text of Article 3 will read as follows:
"The exclusive object of the Company is to place the monies available to it in permitted assets of all types such as
referred to in Part II of the law of 17 December 2010 regarding undertakings for collective investment and deno-
minated in all currencies with the purpose of spreading investment risks and affording its Shareholders the results
of the management of its sub-funds.
If the investment of a part of the liquid assets of one or several sub-funds is not considered as being convenient for
a moment, these liquid assets may be invested in deposits or in any other short-term investments.
The Company may take any measures and carry out any operation which it may deem useful in the accomplishment
and development of its purpose to the full extent permitted by Part II of the 2010 Law related to undertakings for
collective investments."

3. To amend article 4 in order to provide the Company's board of directors with the authority to decide on potential

transfer of the register office of the Company within the municipality of the City of Luxembourg.

4. To amend article 9 in order to gives to the Board the responsibility to define the "US persons" status in the

Prospectus of the Company.

5. To amend article 12 by the deletion of the end of the second paragraph to remove the requirement of a quorum

for general meetings of not less than one-half of the issued shares of that sub-fund, class or category in question in
order to be in line with the 2010 Law.

6. To amend article 16 in order to foresee the possibility for two directors or any person authorised by the Company's

board of directors with the authority to sign the minutes as well as copies or extracts of such minutes of any
meeting of the board.

7. To amend article 17 in order to foresee the possibility for the board of directors to invest in one or more other

sub-funds of the Company in full compliance with the 2010.

8. To amend article 20 in order to foresee the possibility for the chairman of the board, two directors or any repre-

sentative(s), delegate(s) to the daily management or any other authorised agent up to the limit of their powers to
represent the Company in acts.

9. To amend articles 22 and 23 in order to align the text of the Articles of Incorporation to the prospectus with

regards to the right, in the case where requests for redemption and conversion for any dealing day exceed 10% of
the Net Asset Value or the number of Shares of a Sub-Fund's shares, to postpone redemption and conversion of
all or part of such Shares to the following dealing day.

38883

U X E M B O U R G

10. To amend article 24 in order to provide the Company with the authority to suspend the determination of the net

asset value and the issue and redemption of shares as well as the right to convert shares into shares of another
sub-fund of the company in case of a decision to liquidate or merge one, several or all sub-funds of the Company.

11. To delete the last paragraph of article 32 in order to clarify the reading of this article.
12. To completely restate the Articles of Incorporation with effect as of the date fixed by the extraordinary general

meeting of the shareholders to be held in order to reflect the various amendments adopted by the extraordinary
general meeting and resolve that the only version of the Articles of Incorporation will be the French version.

13. To resolve that the effective date of the resolutions of the above agenda shall become effective on the date of the

extraordinary general meeting.

14. Miscellaneous.

The draft text of the restated Articles of Incorporation is available on request at the registered office of the Company.
Shareholders are advised that:
- their rights to attend this extraordinary general meeting and to exercise their voting rights attaching to their Shares

are determined according to the Shares held by them on 23 April 2012 at midnight (Luxembourg time);

- the meeting does not require any quorum in order to deliberate and that the resolutions shall be passed at the

majority of the two thirds of the shares present or represented at the meeting and voting. Such a majority will be
determined according to the Shares issued and outstanding on 23 April 2012 at midnight (Luxembourg time).

If you wish to attend the meeting in person, we would be most grateful if you would communicate your intention to

us by 23 April 2012 at midnight (Luxembourg time) at latest.

If you are unable to attend the meeting in person, a proxy form can be obtained at the registered office of the Company

or local agent and have to be sent to AMUNDI LUXEMBOURG, 5 Allée Scheffer L-2520 Luxembourg (Fax:+352 47 67
37 81) by 23 April 2012 at midnight (Luxembourg time) at the latest.

The Board of Directors.

Référence de publication: 2012037147/755/72.

Espirito Santo Financial Group S.A., Société Anonyme.

Siège social: L-2520 Luxembourg, 21/25, allée Scheffer.

R.C.S. Luxembourg B 22.232.

We hereby give you notice of the

ANNUAL GENERAL MEETING

of Shareholders of Espírito Santo Financial Group S.A. (the "Company") that will be held on 27 April 2012 at 12 o'clock

(local time) or at any adjournment thereof at the Company's registered office 21/25, Allée Scheffer , L-2520 Luxembourg,
at which the following Agenda will be considered:

Agenda:

1. Approval of the audited Consolidated Financial Statements for the period ended on 31 December 2011 on the

basis of the Management Report by the Board of Directors and Auditors' Report on the Consolidated Accounts
for the year ended on 31 December 2011.

2. Approval of the audited Statutory Financial Statements for the period ended on 31 December 2011 on the basis

of the Management Report by the Board of Directors and Auditors' Report on Statutory Accounts for the year
ended on 31 December 2011.

3. Discharge of the Board of Directors and Statutory Auditors in respect of the year ended on 31 December 2011.
4. Proposal to acknowledge the resignation of the following directors, members of the Audit Committee: Mr. Horácio

Lisboa Afonso and Mr. Alexandre da Paixão Coelho.

5. Proposal to confirm the appointment of Mr. José Manuel Ruivo da Pena co-opted as director of the Company and

member of the Audit Committee at the Company's Board Meeting held on 15 March 2012.

6. Proposal to confirm the appointment of Mr.Luís António Burnay Pinto de Carvalho Daun e Lorena co-opted as

director of the Company and member of its Audit Committee at the Company's Board Meeting held on 15 March
2012.

7. Determination of Directors' Remuneration.

Quorum and Majority Requirements
The Annual General Meeting of Shareholders (the "Meeting") of the Company can validly consider and deliberate on

the items of the Agenda regardless of the percentage of the Company's corporate capital being represented. Resolutions
shall be adopted by a simple majority of the votes cast by the shareholders present or represented at the meeting.

Voting Rights and Record Date
The rights of a shareholder to attend and speak at the general meeting to vote in respect of its shares shall be deter-

mined with respect to the shares held by the shareholder on 13 April 2012 at 24.00 hours Luxembourg time (the "Record

38884

U X E M B O U R G

Date"). Only those who are shareholders of the Company on that Record Date shall have the right to participate and
vote at the general meeting. Shareholders shall provide satisfactory evidence to the Company as to the number of shares
held by them at the Record Date.

Declaration of Intention to Participate in the Meeting
Shareholders of the Company shall notify the Company of their intention to participate in the Meeting by a declaration

in writing to be submitted by post or by electronic means to SG Group, Luxembourg, in its capacity as duly mandated
agent of the Company, at the address indicated below by Record Date. A copy of this declaration should be sent to the
Company with supporting documents to evidence title of the shares of the Company.

Voting by Proxy or Ballot Paper
Shareholders of the Company need not be present at the Meeting in person.
In accordance with the Luxembourg law of 24 May 2011 on the exercise of certain rights by shareholders at general

meetings of listed companies (the "Shareholders' Rights Law), a shareholder at the Record Date may act at the Meeting
by appointing another person, who needs not to be a shareholder of the Company, subject to the production of the
original of the executed proxy to the Meeting. The proxy holder shall enjoy the same rights to speak and ask questions
in the general meeting as those to which the shareholder of the Company thus represented would be entitled. Each
shareholder shall only be represented by one proxy holder for a given general meeting of shareholders, except if a
shareholder has shares of the Company held in more than one securities account, in which case he may appoint one
proxy holder per securities account for the same general meeting of shareholders; a shareholder of the Company acting
professionally for the account of other natural or legal persons may appoint each of these natural or legal persons or
third parties appointed by them.

A person acting as a proxy may hold a proxy from more than one shareholder without limitation as to the number of

shareholders of the Company so represented. Where a proxy holder holds proxies from several shareholders of the
Company, he may cast votes for a certain shareholder differently from votes cast for another shareholder.

Shareholders of the Company shall appoint a proxy in writing. Such appointment shall be notified by the shareholders

to the company in writing by post or electronic means at the address of the Company indicated below by no later than
24 April 2012.

Each share is indivisible as far as the Company is concerned. The co-proprietors, the usufructuaries and bare-owners

of shares, the creditors and debtors of pledged shares must appoint one sole person to represent them at any general
meeting of shareholders.

Shareholders of the Company acknowledge that by sending their proxy forms with their voting instructions or their

ballot paper ("formulaire") they will be deemed to consent to having the relevant Intermediary, including but not limited
to Euroclear and Clearstream, provide all details concerning their identity to SG Group, Luxembourg, and to the Com-
pany.

Alternatively, in accordance with the articles of association and the Shareholders' Rights Law, a shareholder may cast

his vote by a ballot paper ("formulaire") expressed in the English language. Any ballot paper ("formulaire") shall be delivered
by hand with acknowledgement of receipt, by registered post, by special courier service using an internationally recognised
courier company, by email or fax to the Company no later than 5.00pm Luxembourg time on 24 April 2012.

Any ballot paper ("formulaire") which does not bear the mentions or indications required by the articles of association

is to be considered void and shall be disregarded for quorum purposes. In case a proposed resolution is amended by the
general meeting of shareholders, the votes expressed on such proposed resolution pursuant to the ballot papers ("for-
mulaires") received shall be void.

Shareholders of the Company who are not personally registered in the Company's share register may also vote by

proxy or by ballot paper ("formulaire"). To such effect, they must instruct the commercial bank, broker, dealer, custodian,
trust company, account holder, professional securities depositary, financial institution or other qualified intermediary
through which they hold their shares (hereinafter the "Intermediary") who handles the management of the Company
shares by using the proxy form or the ballot paper ("formulaire") (see hereafter).

Intermediaries shall ensure that the signed and dated original proxy forms with voting instructions or the signed and

dated ballot paper form ("formulaires") are deposited in writing, post or electronic means at the address of SG Group,
Luxembourg, in its capacity as duly mandated agent of the Company to such effect, with a copy to the Company, by no
later than 24 April 2012. Beneficial owners of shares held through an Intermediary are urged to confirm the deadline for
receipt of their proxy forms with vote instructions by such Intermediary to ensure their onward delivery to SG Group,
Luxembourg, in its capacity as duly mandated agent of the Company, by the relevant date.

Relevant proxy forms and ballot paper forms ("formulaires") may be obtained, free of charge, at the registered office

of the Company, on the Company's website www.esfg.com ( the "Website") or at SG Group, Luxembourg.

Documentation for the Meeting
The Report of the Board of Directors on the Agenda of the Meeting and the supporting documents for the AGM are

deposited and available to the public at the Company's registered office, at SG Group in Luxembourg and will be posted
on the Company's website. The information available on the Company's website will in particular include the convening

38885

U X E M B O U R G

notice, the total number of shares and voting rights at the date of the convening notice, the draft resolutions, the docu-
ments to be submitted to the Meeting, the proxy form and the ballot paper forms ("formulaires").

Shareholders of the Company may, upon request, obtain a copy of the full unabridged text of the documents to be

submitted to the meeting of shareholders and draft resolutions proposed to be adopted by the meeting by electronic
means at the address of the Company below, at the registered office of the Company or at SG Group in Luxembourg.

Right to Put Items on the Agenda and to Table Draft Resolutions
In accordance with the Shareholders' Rights Law, shareholders holding individually or collectively at least (5%) of the

share capital of the Company:

(a) have the right to put items on the Agenda of the meeting: and
(b) have the right to table draft resolutions for items included or to be included on the Agenda of the meeting.
Those rights shall be exercised upon request of the shareholders in writing, submitted to the Company by post or

electronic means at the address of the Company indicated below. The request shall be accompanied by a justification or
a draft resolution to be adopted in the meeting and shall include the electronic or postal address at which the Company
can acknowledge receipt of these requests. The requests from shareholders shall be received by the Company at the
latest on 5 April 2012.

Right to Ask Questions
In accordance with the Shareholders' Rights Law, shareholders shall have the right to ask questions at the meeting

related to the items on the agenda of the meeting. The Company shall answer the questions put to it by its shareholders.
The right to ask questions and the obligation of the Company to answer are subject to the measures taken by the Company
to ensure the identification of shareholders, the good order of general meetings and their preparation as well as the
protection of confidentiality and business interests of the Company. The Company may provide one overall answer to
questions having the same content. An answer shall be deemed to be given if the relevant information is available on the
Company's website on a question and answer format and by the mere reference by the Company to its website.

The contact details of the Company and of the Mandated Agent of the Company are as follows :

The Company
Espírito Santo Financial Group S.A.
21/25, Allée Scheffer, L-2520 Luxembourg
Fax: +352 43-54-10, Email: teresadesouza@aol.com, Attention: Company Secretary

The Mandated Agent
SG Group
231, Val des Bons-Malades, L-2121 Luxembourg-Kirchberg
Fax: +352 43-54-10, Email: mh.goncalves@sgluxembourg.eu

In accordance with the Luxembourg law dated 11 January 2008 concerning the transparency obligations of security

issues, any shareholder is obliged to notify the Company of the percentage of voting rights held by such shareholder
where the percentage reaches, exceeds or falls below the thresholds of 5%, 10%, 15%, 20%, 25%, 33.1/3%, 50%, 66.2/3%,
unless a notification for the same purpose has already been made. The aggregation of the aforementioned thresholds is
to be made in accordance of Article 9 of such law.

Luxembourg, 28 March 2012.

The Board of Directors .

Référence de publication: 2012035230/130.

Avere Asset Management S.A., Société Anonyme.

Siège social: L-1331 Luxembourg, 31, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 116.692.

The shareholders are hereby convened to the

GENERAL MEETING

to be held at the head office on April 16, 2012 at 10.00 a.m., with the following agenda.

Agenda:

1. Acknowledgement of the resignation of Picigiemme S.à r.l. as statutory auditor (commissaire aux comptes) of Avere

Asset Management S.A. (the "Company") as from 19 December 2011;

2. Appointment of Ernst & Young as new statutory auditor of the Company with immediate effect and until the annual

general meeting of the shareholders of the Company to be held in connection with the approval of the 2009 and
2010 annual accounts;

3. Instruction to Ernst & Young to draw-up new reports for the 2009 and 2010 financial years;

38886

U X E M B O U R G

4. Delegation of powers; and
5. Miscellaneous.

The Board of Directors.

Référence de publication: 2012034656/9120/19.

WestLB Mellon Compass Fund, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 67.580.

The Quorum required by law not having been reached at the first Extraordinary General Meeting of Shareholders held

on February 17, 2012 and the reconvened Extraordinary General Meeting of March 23, 2012 having been adjourned, the
shareholders are hereby convened to attend the

EXTRAORDINARY GENERAL MEETING

to be held on April 30, 2012 , at 14:00 pm CET at the registered office of the Company, with the following agenda:

Agenda:

1. Amendment of article 4 of the articles of incorporation of the Company (the "Articles of Incorporation") and related

articles as follows: "The exclusive purpose of the Company is to invest the funds available to it in transferable
securities, money market instruments and other liquid financial assets permitted by Part I of the law of 17 December
2010 on undertakings for collective investment, as may be amended from time to time (the "2010 Law"), with the
purpose of spreading investment risks and affording its shareholders the results of the management of its assets.
The Company may take any measures and carry out any transaction which it may deem useful for the fulfilment
and development of its purpose to the largest extent permitted by the 2010 Law or any legislative replacements
or amendments thereof.";

2. To change the accounting year of the Company from 1st of December until 30th of November of the following

year to 1st of November until 31st of October of the following year and to amend article 25 of the Articles of
Incorporation accordingly;

3. Full restatement of the Articles of Incorporation;
4. Miscellaneous.

A draft of the revised Articles of Incorporation is available at the registered office of the Company upon request and

free of charge (Tel.: +352 46 26 85 589 / Fax: +352 46 26 85 825). The Extraordinary General Meeting will be validly
constituted and will validly decide on the items of its agenda regardless of the number of Shares represented. Resolutions
will be passed if approved by more than two-third majority votes cast.

All shareholders are entitled to attend and vote and are entitled to appoint proxies to attend and vote instead of them.

A proxy need not be a member of the Company. If you cannot attend this meeting, return the form of proxy duly dated
and signed to J.P. Morgan Bank (Luxembourg) S.A., Company Administration Department (Building C), European Bank &
Business Center, 6, route de Trèves, L-2633 Senningerberg, Grand-Duchy of Luxembourg to the attention of Rachel
Carletti prior to April 27, 2012 at 5.00 pm CET. Proxy forms can be obtained from the registered office of the Company.

Luxembourg, March 28, 2012

The Board of Directors .

Référence de publication: 2012037171/755/35.

Concorde Partners SICAV, Société d'Investissement à Capital Variable.

Siège social: L-2453 Luxembourg, 12, rue Eugène Ruppert.

R.C.S. Luxembourg B 143.506.

Les actionnaires de la Société sont priés de bien vouloir assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le jeudi 19 avril 2012 à 11h00 au siège social de la Société, pour délibérer et voter sur l'ordre du jour

Ordre du jour:

1. Rapport du Conseil d'Administration
2. Rapport du Réviseur d'Entreprises
3. Examen et approbation des comptes annuels au 31.12.2011
4. Décharge à donner aux Administrateurs
5. Affectation du résultat
6. Nominations statutaires
7. Divers

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U X E M B O U R G

Les actionnaires sont informés que l'Assemblée Générale Ordinaire n'a pas besoin de quorum pour délibérer vala-

blement. Les résolutions, pour être valables, devront réunir la majorité simple des voix exprimées des actionnaires
présents ou représentés à l'Assemblée.

Pour pouvoir assister à l'Assemblée, les propriétaires d'actions au porteur sont priés de déposer leurs actions au siège

social de la Société cinq jours francs avant la date fixée pour l'Assemblée.

Les actionnaires sont informés que le rapport annuel est disponible sur demande, et sans frais, auprès du siège social

de la Société.

Le Conseil d'Administration.

Référence de publication: 2012037152/755/26.

Bilfinger Berger Global Infrastructure SICAV S.A., Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 163.879.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt

about the contents of this document, or the action you should take, you are recommended to seek your own financial
advice immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser
who, if you are taking advice in the United Kingdom, is duly authorised under the Financial Services and Markets Act
2000.

If you have sold or otherwise transferred all of your depository interests or ordinary shares in the Company, you

should send this document, together with the accompanying proxy form, at once to the purchase or transferee or to the
bank, stockbroker or other agent through whom the sale or transfer was effected for delivery to the purchaser or
transferee.

We have pleasure in inviting you to attend the

ANNUAL GENERAL MEETING

of shareholders of the Company which will be held on 30 April 2012 at 11.00 am (Luxembourg time) at the Légère

Premium Hotel Luxembourg, 11, rue Gabriel Lippmann (Parc d'Activité Syrdall), L-5365 Munsbach with the following
agenda:

Ordinary resolutions:

1. Presentation of the reports of (i) the Management Board of the Company and (ii) the independent auditor of the

Company on the activities of the Company during the financial period which ended on 31 December 2011.

2. Review and approval of the standalone financial statements of the Company for the financial period which ended

on 31 December 2011 and allocation of the results.

3. Review and approval of the consolidated financial statements of the Company (statement of financial position,

statement of comprehensive income, statement of changes in equity, statement of cash flow and notes to the
financial statements) for the financial period 3 October to 31 December 2011.

4. Discharge and release (quitus) to the external auditor, to the current members of the Management Board and to

the current members of Supervisory Board of the Company for all their duties during, and in connection with, the
financial period having started on 3 October 2011 and having ended on 31 December 2011. Such release is only
valid if the financial statements contain no omission or false information concealing the true situation of the Com-
pany and will only be effective in relation to those circumstances/events which have been notified to shareholders
by the Management Board, in particular through the financial statements for the period which ended on 31 De-
cember 2011 and the report of the Management Board contained therein.

5. Re-appointment of David Richardson as a member of the Supervisory Board in accordance with the Company's

articles of incorporation (the "Articles") for a period ending after the Annual General Meeting of the shareholders
of the Company to be held in respect of the annual accounts of the Company for the financial year ending on 31
December 2012.

6. Re-appointment of Colin Maltby as member of the Supervisory Board in accordance with the Articles for a period

ending after the Annual General Meeting of the shareholders of the Company to be held in respect of the annual
accounts of the Company for the financial year ending on 31 December 2012.

7. Re-appointment of Howard Myles as member of the Supervisory Board in accordance with the Articles for a period

ending after the Annual General Meeting of the shareholders of the Company to be held in respect of the annual
accounts of the Company for the financial year ending on 31 December 2012.

8. Re-appointment of Thomas Töpfer as member of the Supervisory Board in accordance with the Articles for a

period ending after the Annual General Meeting of the shareholders of the Company to be held in respect of the
annual accounts of the Company for the financial year ending on 31 December 2012.

9. Re-appointment of the independent auditor of the Company for a period ending after the Annual General Meeting

of the shareholders of the Company to be held in respect of the annual accounts of the Company for the financial
year ending on 31 December 2012

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U X E M B O U R G

10. Authorisation of the Management Board to determine the remuneration of the independent auditor.
11. In accordance with Article 28 of the Articles, authorisation of the Management Board, in respect of dividends

declared for any financial period or periods of the Company ending prior to the Annual General Meeting of the
shareholders of the Company to be held in 2013, to offer the holders of ordinary shares in the Company of par
value £1 each (the "Ordinary Shares") the right to elect to receive further Ordinary Shares, credited as fully paid,
in respect of all or any part of such dividend or dividends declared in respect of any such period or periods.

Special Resolutions:

12. Authorisation of the Company to make market acquisitions of its Ordinary Shares in issue, provided that:

a. The maximum number of Ordinary Shares authorised to be purchased shall be 14.99 per cent. of the Ordinary
Shares in issue immediately following this annual general meeting;
b. The minimum price (exclusive of expenses) which may be paid for such shares is £0.01 per Ordinary Share;
c. The maximum price (exclusive of expenses) which may be paid for Ordinary Shares shall be the higher of (i) 5
per cent. above the average market value for the five business days before the purchase is made and (ii) the higher
of the price of the last independent trade and the highest independent bid at the time of the purchase for any
number of Ordinary Shares on the trading venue where the purchase price is carried out;
d. The authority hereby conferred shall (unless previously renewed or revoked) expire at the end of the Annual
General Meeting of the shareholders of the Company to be held in 2013 or, if earlier, 18 months from the date of
the passing of this resolution;
e. The Company may make a contract to purchases its own Ordinary Shares under the authority hereby conferred
prior to the expiry of such authority which will or may be executed wholly or partly after the expiry of such
authority, and may make a purchase of its own Ordinary Shares in pursuance of any such contract; and
f. Any Ordinary Share acquired by the Company pursuant to the above authority may be held in treasury or
subsequently cancelled by the Company.

13. Authorisation of the Management Board, in accordance with Article 6(4) of the Articles, to allot up to the aggregate

number of Ordinary Shares as represent less than 10 per cent. of the number of Ordinary Shares already admitted
to trading on the London Stock Exchange's main market for listed securities immediately following the passing of
this resolution as if the pre-emption provisions in Article 6 of the Articles did not apply to any such allotment,
provided that such authorisation shall (unless previously revoked, varied or renewed by the Company) expire on
the conclusion of the Annual General Meeting of the shareholders of the Company to be held in 2013, save that
the Company may make prior to such expiry any offer or agreement which would or might require shares to be
allotted after expiry of such period and the Board may allot Ordinary Shares pursuant to such an offer or agreement
notwithstanding the expiry of the authority given by this resolution.

14. Delegation of powers.
15. Any other business.

Explanatory notes

Capitalised terms used herein without definition shall have the meaning given to them in the Prospectus of the Company

dated 6 December 2011.

Scrip dividends - resolution 11
This resolution renews the existing power, given by the Company's shareholder on 20 October 2011 and described

in the Company's Prospectus dated 6 December 2011, for the Management Board to offer shareholders the right to elect
to receive further Ordinary Shares, credited as fully paid, instead of cash in respect of all or any part of any dividend (a
scrip dividend). The Management Board believes that the ability for shareholders to receive future dividends from the
Company wholly or partly in the form of new ordinary shares in the Company will be advantageous for the Company as
it will benefit from the ability to retain cash which would otherwise be paid as dividends. It may also benefit certain
shareholders depending on their tax status.

Market purchases - resolution 12
This resolution renews the share buy-back authority that was given by the Company's shareholder on 20 October

2011 as described in the Company's Prospectus. Resolution 12 gives the Company authority to make market purchases
of the Company's own shares, up to 14.99 per cent. of the Company's issued share capital (as at the time immediately
following the passing of the resolution) and subject to minimum and maximum purchase prices. This authority will only
be invoked if, after taking proper advice, the Management Board considers that benefits will accrue to shareholders
generally. In addition, purchases will only be made through the market for cash at prices below the estimated prevailing
net asset value per Ordinary Share where the Management Board and the Supervisory Board believe such purchases will
result in an increase in the net asset value per share.

Disapplication of pre-emption rights - resolution 13
This resolution, a standard resolution for investment companies listed under Chapter 15 of the UK Listing Rules,

renews the authority given to the Management Board by the Company's shareholder on 20 October 2011 and described
in the Company's Prospectus to allot Ordinary Shares for cash without first offering them to existing holders on a pro

38889

U X E M B O U R G

rata basis. The number of shares allotted under this power must be less than 10 per cent. of the number of Ordinary
Shares admitted to trading on London Stock Exchange plc's main market for listed securities immediately following the
passing of this resolution.

Delegation of powers - resolution 14
The purpose of this resolution is to empower and authorise any member of the Management Board of the Company,

acting individually, with full power of substitution to perform any actions or formalities referred to in the preceding
resolutions and any other actions or formalities necessary or useful in relation to or to give effect to the preceding
resolutions.

Note from the Management Board

Members are requested to submit their votes in respect of all the resolutions proposed in this Convening Notice to

Annual General Meeting. It is the recommendation of the Management Board that Members vote in favour of each
resolution on the basis that the Management Board considers their passing to be in the best interests of the members as
a whole. Certain of the Supervisory Board and the Management Board are also members of the Company, each of whom
intends to vote in favour of all resolutions proposed in this Convening Notice to Annual General Meeting. Their holdings
as at the date of this notice are as set out in the Company's prospectus dated 6 December 2011.

Amendments to the agenda

One or more shareholders owning together at least 5% of the share capital of the Company have the right to (i)

request in writing that additional items to be included on the agenda of any general meeting, provided that each such item
is accompanied by a justification or a draft resolution to be adopted in the general meeting and (ii) have the right to table
draft resolution for items included or to be included on the agenda of a general meeting. Such request shall be addressed
to the registered office of the Company by registered letter (to Bilfinger Berger Global Infrastructure SICAV S.A., Aerogolf
Centre, 1A, Heienhaff, L-1736 Senningerberg) or by electronic means (investorservices@bb-gi.com) at least twenty-two
days before the date on which the Annual General Meeting shall be held (9 April 2012).

Proxy voting

A shareholder entitled to attend and vote at the Annual General Meeting may appoint a proxy (who need not be a

shareholder of the Company) to attend and, on a poll, to vote in his place. The instrument appointing a proxy should be
deposited with Bilfinger Berger Global Infrastructure SICAV S.A., Aerogolf Centre, 1A, Heienhaff, L-1736 Senningerberg,
Luxembourg, Fax no: +352 26347934, Email: investorservices@bb-gi.com, no later than the close of business 26 April
2012 being the day preceding the second Luxembourg banking day before the date of the Annual General Meeting (30
April 2012). If the appointee is a corporation, this form must be under its seal or under the hand of an officer, attorney
or other person authorised to sign the same.

In the case of holders of Depository Interests representing shares in the Company, a Form of Direction must be

completed in order to instruct Capita IRG Trustees Limited, the Depository, to vote on the holder's behalf at the meeting
by proxy or, if the meeting is adjourned, at the adjourned meeting. To be effective, a completed and signed Form of
Direction (and any power of attorney or other authority under which it is signed) must be delivered to Capita Registrars,
The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU by no later than close of business on 25 April 2012.

Requirements for participation and voting in the general meeting

Only persons entered on the register of shareholders of the Company at midnight (Luxembourg time) on the date

which is fourteen days prior to the Annual General Meeting or any adjournment of it (the "Registration Date") shall be
entitled to attend and vote at the Annual General Meeting or any adjournment of it, in accordance with article 5 (2) of
the law of 24 May 2011 on the exercises of certain rights of the shareholders during general meetings of listed companies.
Changes to entries on the register of shareholders after the Registration Date shall be disregarded in determining the
rights of persons to attend or vote (and the number of votes they may cast) at the Annual General Meeting or any
adjournment of it. Furthermore, shareholders who wish to attend the Annual General Meeting must inform the Company
of their intention to attend by completing and returning to the Company, at the latest by the Registration Date, the last
page of this notice.

In the case of Depository Interest holders, only persons entered on the register of Depository Interest holders of the

Company at midnight (Luxembourg time) on the date which is fourteen days prior to the Annual General Meeting or any
adjournment of it shall be entitled to vote at the Annual General Meeting or any adjournment of it.

In the case of joint ownership of a share, the Company may suspend the exercise of any right deriving from the relevant

share or shares until one person shall have been designated to represent the joint owners vis-à-vis the Company.

According to Article 26 of the articles of association of the Company, the ordinary resolutions of the Annual General

Meeting may be passed by a simple majority of the votes validly cast, and the special resolutions 75% of votes validly cast,
in each case whatever be the number of shareholders present or represented at the Annual General Meeting. Each share
is entitled to one vote.

The total issued share capital of the Company as at the date of this notice is 212 million ordinary shares of £1 each.

As at the date of this notice, there are no outstanding warrants and/or options to subscribe for Ordinary Shares.

38890

U X E M B O U R G

Documents made available by the Company

Documents made available by the Company for the purpose of the Annual General Meeting may be inspected during

normal working hours at the registered office of the Company and are available on the website of the Company http://
www.bb-gi.com/. Each shareholder may request that the annual accounts, as well as the report of the authorised auditor,
the management report, and where applicable, the comments made by the supervisory board are sent to him free of
charge.

Senningerberg, 23 March 2012.

Frank Schramm / Arne Speer.

Référence de publication: 2012035944/173.

Alandsbanken Sicav, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 153.290.

The Board of Directors is pleased to convene the shareholders of Alandsbanken SICAV to attend the

ANNUAL GENERAL MEETING

to be held at the registered office of the SICAV on 18 April 2012 at 10.00 a.m. with the following agenda:

Agenda:

1. Report of the Board of Directors and of the Independent Auditor
2. Approval of the financial statements as at 31 December 2011
3. Allocation of the results
4. Discharge to the Directors
5. Renewal of the mandate of the Independent Auditor
6. Statutory elections
7. Miscellaneous
The shareholders are advised that no quorum for the statutory general meeting is required and that decisions will be

taken by simple majority of the votes cast. Proxies are available at the registered office of the Sicav. Shareholders, who
wish to attend the annual general meeting, are requested to inform the Board of Directors (Fax nr: +352 49 924 2501 -
ifs.fds@bdl.lu) at least five calendar days prior to the annual general meeting.

Référence de publication: 2012037146/755/21.

All Car Services S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 34.943.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mercredi 18 avr. 2012 à 10:30 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des comptes annuels et affectation des résultats au 31/12/2011.
2. Approbation du rapport du commissaire aux comptes.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Décision à prendre conformément à l´article 100 de la loi du 10 août 1915 concernant les sociétés commerciales.
5. Divers.

Le Conseil d´Administration.

Référence de publication: 2012037144/1267/16.

Carolus Investment Corporation S.A. S.P.F., Société Anonyme - Société de Gestion de Patrimoine Fa-

milial.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 16.100.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu lundi 23 avril 2012 à 11:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des comptes annuels et affectation des résultats au 31/12/2011.

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U X E M B O U R G

2. Approbation du rapport du commissaire aux comptes.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Divers.

Le Conseil d'Administration.

Référence de publication: 2012037151/1267/16.

Ålandsbanken Global Products SICAV II, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 148.965.

The Board of Directors is pleased to convene the shareholders of Alandsbanken Global Products Sicav II to attend

the

ANNUAL GENERAL MEETING

the to be held at the registered office of the SICAV on 18 April 2012 at 01.00 p.m. with the following agenda:

Agenda:

taken by simple majority of the votes cast. Proxies are available at the registered office of the SICAV. Shareholders, who
wish to attend the annual general meeting, are requested to inform the Board of Directors (Fax nr: +352 49 924 2501 -
ifs.fds@bdl.lu) at least five calendar days prior to the annual general meeting.

Référence de publication: 2012037145/755/22.

Amundi Islamic, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 142.984.

Due to the lack of quorum, the extraordinary general meeting convened on 23 March 2012 at 11:30 a.m. was not able

to validly decide on the items of its agenda. Thus, Shareholders are hereby convened to attend a new

EXTRAORDINARY GENERAL MEETING

to be held at the registered office of AMUNDI LUXEMBOURG, 5, Allée Scheffer, L-2520 Luxembourg on 27 April

2012 at 10:45 a.m. (Luxembourg time) with the following agenda:

Agenda:

1. To amend the text of a number of articles of the Articles of Incorporation in order to implement the changes as

required by the new law dated 17 December 2010 on undertakings for collective investment (the "2010 Law"),
implementing Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 (the "UCITS IV
Directive"), and in particular to (not exhaustive summary):
- replace any reference to the law dated 20 December 2002 on undertakings for collective investment by references
to the law dated 17 December 2010 on undertakings to collective investment;
- allow the Fund to adopt master-feeder structure;
- allow the Fund to perform cross-sub-fund investments; and
- amend the provisions regarding merger of the Fund or its sub-funds in order to, inter alia, implement the rules
of the 2010 Law with regard to merger of the Fund or its sub-funds with other sub-funds of the Fund or another
UCITS or sub-funds thereof.

2. To amend the object of the Fund in article 3 in order to update the reference to the fund legislation. The new text

of article 3 will read as follows:
"The exclusive object of the Fund is to place, in compliance with written guidelines relating to the Sharia principles
(the "Sharia Guidelines") the monies available to it in transferable securities of all types and all other permitted
assets such as referred to in Part I of the law of 17 December 2010 regarding undertakings for collective investment
or any legislative replacements or amendments thereof (the "2010 Law") with the purpose of spreading investment
risks and affording its shareholders the results of the management of its sub-funds.
The Fund may take any measures and carry out any operation which it may deem useful in the accomplishment and
development of its purpose to the full extent permitted by the 2010 Law and the Sharia Guidelines."

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U X E M B O U R G

3. To amend article 4 in order to provide the Fund's Board of Directors with the authority to decide on potential

transfer of the register office of the Fund within the municipality of the City of Luxembourg.

4. To amend article 7 in order to give to the Fund's Board the responsibility to define the "US persons" status in the

prospectus of the Fund.

5. To amend article 10 by the deletion of the end of the second paragraph to remove the requirement of a quorum

for general meetings of not less than one-half of the issued shares of that sub-fund, class or category in question in
order to be in line with the 2010 Law.

6. To amend article 11 in order to precise that shareholders shall meet upon call of the Fund's Board pursuant to

registered notice or by ordinary mail only if notices are published.

7. To amend the second paragraph of article 12 in order to change the period of the functions of the directors of the

Fund from one year to six years.

8. To amend article 13 in order to provide the chairman of the Fund's Board of Directors with the authority to

convene Board's meetings at the place indicated in the notice of meeting and to have a casting vote in any cir-
cumstances.

9. To amend article 14 in order to provide two directors or any person authorised by the Fund's Board of Directors

with the authority to sign the minutes as well as copies or extracts of such minutes of any meeting of the Board.

10. To amend article 15 in order to align the provisions related to the eligible assets with the new provisions of the

2010 Law, as regards in particular:
- the definition of "Regulated Market" and the reference to the European Directive 2004/39/CEE of the European
parliament and the Council of April 21st, 2004 instead of item 13 of Article 1 of the Directive 93/22/EEC,
- the possibility to adopt master-feeder structure;
- the possibility to perform cross-sub-fund investments; and
- the fact that, under the 2010 Law, each sub-fund of the Fund shall be regarded as a separate UCITS for investment
compliance purposes.

11. To amend article 18 in order to foresee the possibility for the Fund to designate a management company located

in Luxembourg or in another EU Member State.

12. To amend article 19 in order to foresee the possibility for the chairman of the Board, two directors or any repre-

sentative(s), delegate(s) to the daily management or any other authorised agent up to the limit of their powers to
represent the Fund in acts, including those in which a civil servant or a legal officer is involved and in court and to
bind in any circumstances the Fund.

13. To amend article 21 in order to align the text of the Articles of Incorporation to the prospectus with regards to

the right, in the case where requests for redemption and conversion for any exceed 10% of the net asset value or
the number of shares of a sub-fund's shares, to postpone redemption and conversion of all or part of such shares
to the following dealing day.

14. To amend article 21 in order to remove the descriptions on termination/merger of sub-fund/class, this is now

described in articles 28, 29 and 30 of the Articles of Incorporation.

15. To amend article 22 in order to provide the Fund with the authority to suspend the determination of the net asset

value and the issue and redemption of shares as well as the right to convert shares into shares of another sub-fund
of the Fund in case of a decision to merge the Fund or a sub-fund thereof provided that any such suspension is
justified for the protection of the shareholders in order to comply with the provisions of the 2010 Law.

16. To amend article 25 in order to delete the sentence stating that "the first accounting year will begin on the date

of the constitution and ends on December 31, 2008."

17. To amend article 27 in order to precise that, in case of liquidation of the Fund, the liquidators shall realise the

Fund's assets in the best interest of the shareholders and shall distribute the net proceeds of liquidation corres-
ponding to each sub-fund to the shareholders of each sub-fund in proportion of their holding of shares in such sub-
fund and that liquidation proceeds not claimed by the shareholders will at the close of liquidation be deposited at
the Caisse de Consignation in Luxembourg pursuant to the 2010 Law.

18. To add a new article 28 on liquidation of sub-fund and classes of shares in order to separate the provisions related

to liquidations and those related to mergers;

19. To add a new article 29 on merger of the Fund to comply with the new provisions of the 2010 Law;
20. To add a new article 30 on merger of the sub-funds to comply with the new provisions of the 2010 Law;
21. To completely restate the Articles of Incorporation with effect as of the date that will be resolved by the extraor-

dinary general meeting in order to reflect the various amendments adopted by the extraordinary general meeting
and resolve that the only version of the Articles of Incorporation will be the English version.

22. To resolve that the effective date of the resolutions of the above agenda shall become effective on the date of the

extraordinary general meeting.

23. Miscellaneous.

The draft text of the restated Articles of Incorporation is available on request at the registered office of the Fund.
Shareholders are advised that:
- their rights to attend this extraordinary general meeting and to exercise their voting rights attaching to their Shares

are determined according to the Shares held by them on 23 April 2012 at midnight (Luxembourg time);

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U X E M B O U R G

- the meeting does not require any quorum in order to deliberate and that the resolutions shall be passed at the

majority of the two thirds of the Shares present or represented at the meeting and voting. Such a majority will be
determined according to the Shares issued and outstanding on 23 April 2012 at midnight (Luxembourg time).

If you wish to attend the meeting in person, we would be most grateful if you would communicate your intention to

us by 23 April 2012 at midnight (Luxembourg time) at latest.

If you are unable to attend the meeting in person, a proxy form can be obtained from the registered office of the Fund

or from local agent and have to be sent to AMUNDI LUXEMBOURG, 5 Allée Scheffer L-2520 Luxembourg (Fax:+352
47 67 37 81) by 23 April 2012 at midnight (Luxembourg time) at the latest.

The Board of Directors.

Référence de publication: 2012037148/755/102.

BNP Paribas InstiCash, Société d'Investissement à Capital Variable.

Siège social: L-5826 Hesperange, 33, rue de Gasperich.

R.C.S. Luxembourg B 65.026.

An EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING

shall be held on Tuesday, April 17, 2012 at 11:30 a.m., at the premises of BNP Paribas Investment Partners Luxembourg,

Building H2O, Block A, Ground Floor, located at 33, rue de Gasperich, L-5826 Hesperange.

Agenda:

Full recasting of the Articles of Association including the following main changes:

1. Choice of English as the official language of the Articles of Association as authorised by Article 26 (2) of the

Luxembourg law of 17 December 2010 concerning undertakings for collective investment;

2. Making the Company subject to the Luxembourg law of 17 December 2010 concerning undertakings for collective

investment, replacing the law of 20 December 2002 (new Article 3);

3. Authorizing the Board of Directors to transfer the registered office either within the commune or, within the limits

authorised by Luxembourg law, to another commune of the Grand Duchy of Luxembourg (new Article 4, §3);

4. Replacing the minimum capital of EUR 1,250,000 by the minimum foreseen by the Luxembourg law (new Article

5);

5. Redefinition of the notion of “sub-fund” (new Article 6);
6. Redefinition of the notions of “category of shares” and “class of shares” (new Article 7);
7. Cancellation of the issuance of share certificates (new Article 8);

Deletion of current Article 10 concerning lost or damaged certificates;

8. Simplification of the definition and condition to the restrictions on holding of the Company's shares (new Article

10);

9. Opening up the possibility of rounding off the redemption price to the next higher or lower unit or fraction of the

currency in question (new Article 12);

10. Authorizing the Board of Directors to split or regroup shares (new Article 13);
11. Unlisted securities shall be valued by a qualified professional appointed by the Board of Directors (new Article 14

(d));
Adding valuation rules for liquid assets, money market instruments and all other instruments (new Article 14 (f));
Derivative financial instruments shall be valued according to the rules decided by the Board of Directors, described
in the Prospectus, and previously approved by the Company's auditor and supervisory authorities (new Article 14
(h));
Addition of a new paragraph fixing to 5% of their average net assets the maximum of the total amount of annual
fees payable by a subfund, a category, or a class of shares (new Article 14, last but one §);

12. Addition of the suspension of NAV and orders in case of 1) a merger, partial business transfer, splitting or any

restructuration operation (new Article 15(f)) and 2) for a “Feeder”, when the NAV and orders in the “Master” are
suspended (new Article 15(g));

13. Addition of the possibility for the Board of Directors, in the interest of shareholders, and in the event of subscrip-

tion, redemption or conversion applications exceeding a percentage of a sub-fund's net assets as determined by
the Board of Directors, to not determine the value of a share until such time as the required purchases and sales
of securities have been made on behalf of the sub-fund. In that event, subscription, redemption and conversion
applications in the pipeline will be processed simultaneously on the basis of the net asset value so calculated (new
Article 15, §4);

14. Decisions of the Board of Directors shall be taken by a majority of the votes cast (new Article 17, §5);
15. Addition of the limitation of investments in other UCITS or UCIs to 10% of the assets of each subfund, except if

other restrictions mentioned in the investment policy of the concerned subfund exist (new Article 20, b));
Addition of the possibility for the Board of Directors 1) to create subfunds investing in other subfunds of the
Company (new Article 20, e)), and 2) to create “Feeder” subfunds (new Article 20, f));

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U X E M B O U R G

16. The general meeting of shareholders shall be held at the registered office of the Company or in any other place in

the Grand Duchy of Luxembourg decided by the Board of directors and mentioned in the convening notice (new
Article 25, §1);

17. The General Shareholders' Meeting shall validly deliberate regardless of the portion of capital represented. Reso-

lutions shall be taken by a simple majority of the votes cast (new Article 27);

18. Rewriting of the article to give the Board of Directors the broadest powers insofar as decisions concerning the

effectiveness and conditions for merger, liquidation, demerger of subfunds, categories or classes of shares within
the restrictions and conditions provided for by the Luxembourg law of 17 December 2010 (new Article 32, §1);
Addition of the liquidation of feeder subfunds in the event of liquidation, merger or demerger of master funds (new
Article 32, §2);

19. Complete reformulation of the Company's articles of association to bring them into line with the provisions of the

Law of 17 December 2010 which came into force on 1

July 2011.

In accordance with Article 67-1 of the Law of 10 August 1915 on commercial companies, as amended, the Shareholders'

Meeting shall be able to validly deliberate only if at least one half of the Company's capital is present or represented.
Decisions shall be taken by at least two-thirds of the votes cast.

Bearer shareholders wishing to attend or be represented at the Shareholders' Meeting are asked to deposit their

shares, at least five full days before the meeting, at the offices of the financial service agents, as listed in the prospectus.

Registered shareholders wishing to attend or be represented at the Shareholders' Meeting shall be admitted upon

proof of their identity, provided that they have given notice of their intention to attend at least five full days before the
meeting.

The draft new Articles of Association, as well as the current prospectus and the latest interim report are available

from the bodies listed in the prospectus.

The Board of Directors.

Référence de publication: 2012037149/755/73.

BNP Paribas Short Term Fund, Société d'Investissement à Capital Variable.

Siège social: L-5826 Hesperange, 33, rue de Gasperich.

R.C.S. Luxembourg B 46.468.

An EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING

shall be held on Tuesday, April 17, 2012 at 10.30 a.m., at the premises of BNP Paribas Investment Partners Luxembourg,

Building H2O, Block A, Ground Floor, located at 33 rue de Gasperich, L-5826 Hesperange.

Agenda:

Full recasting of the Articles of Association including the following main changes:

1. Change of the Company's name to BNP Paribas Money Fund and amendment of Article 1 of the Articles of Asso-

ciation, as follows: "Under the terms of these Articles of Association (hereinafter "the Articles of Association") a
limited company (société anonyme) exists in the form of a open-ended investment company (société d'investisse-
ment à capital variable - "SICAV") under the name "BNP Paribas Money Fund", abbreviated to "BNPP Money
Fund" (referred to hereinafter as "the Company"). The full name and the abbreviated name may be used equally in
all of the Company's official and commercial documents";

2. Choice of English as the official language of the Articles of Association as authorised by Article 26 (2) of the

Luxembourg law of 17 December 2010 concerning undertakings for collective investment;

3. Making the Company subject to the Luxembourg law of 17 December 2010 concerning undertakings for collective

investment, replacing the law of 20 December 2002 (Article 3);

4. Redefinition of the notion of "subfund" (new Article 6);
5. Redefinition of the notions of "category of shares" and "class of shares" (new Article 7);
6. Article 8 & 10: cancellation of the share certificate issue;
7. Cancellation of Article 9 "lost or damage certificates";
8. Article 10: possibility for the Board of Directors to reject share subscription;
9. Article 13: addition of the following paragraph "This redemption price may be rounded off to the next higher or

lower unit or fraction of the currency in question, as determined by the Board of Directors."

10. Authorizing the Board of Directors to split or regroup shares (new Article 13);
11. Article 14:

Art. 14(b): addendum to valuation date as the date of determination of the value of the funds invested;
Art. 14(c): replacement of the last known price in Luxembourg by the closing price on the day the order is received
for the valuation date for listed assets;
Art. 14(d): elimination of the depositary bank's consent for the appointment of the appraiser appointed for the
valuation of unlisted assets;

12. Article 15:

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U X E M B O U R G

- (e)(f): addition of the terms "categories or classes of shares" for net asset value suspension and orders in the event
of merger or liquidation;
- (f): cancellation of the maximum period of two bank business days for net asset value suspension in case of merger,
splitting or restructuring operation;
- Possibility to suspend the net asset value calculation and orders in the "feeder" subfund in case of same suspension
in the "master" subfund;
- paragraph 3& 4: replacement of the 10% limit with a limit to be defined by the Board of Directors to determine
the percentage of repurchased assets requiring either a suspension or a postponement of the processing of orders;

13. The decisions of the Board of Directors shall be taken by a majority of the votes cast (new Article 17§5);
14. Addition of the possibility for the Board of Directors create subfunds investing in other Company subfunds (new

Article 20.b) and feeder subfunds (new Article 20.c);

15. The General Shareholders' Meeting shall validly deliberate regardless of the portion of capital represented. Reso-

lutions shall be taken by a simple majority of the votes cast (new Article 27);

16. Articles 31 & 32: remove of any reference to the 9 month period as from the date of the liquidation regarding the

asset not distributed to a time period set by regulations in force;

17. Article 32:

- Rewriting of the article to give the Board of Directors sole authority to decide on effectiveness and terms, under
the limitation and conditions prescribed by law, for the operation of liquidation, merger and splitting;
- Addition of the liquidation of feeder subfund in the event of liquidation, merger or split of the master fund.

In accordance with Article 67-1 of the Law of 10 August 1915 on commercial companies, as amended, the Shareholders'

Meeting shall be able to validly deliberate only if at least one half of the Company's capital is present or represented.
Decisions shall be taken by at least two-thirds of the votes cast.

Bearer shareholders wishing to attend or be represented at the Shareholders' Meeting are asked to deposit their

shares, at least five full days before the meeting, at the offices of the financial service agents, as listed in the prospectus.

Registered shareholders wishing to attend or be represented at the Shareholders' Meeting shall be admitted upon

proof of their identity, provided that they have given notice of their intention to attend at least five full days before the
meeting.

The draft new Articles of Association, as well as the current prospectus and the latest interim report are available

from the bodies listed in the prospectus.

The Board of Directors.

Référence de publication: 2012037150/755/66.

Eclipp L, Société d'Investissement à Capital Variable.

Siège social: L-5826 Hesperange, 33, rue de Gasperich.

R.C.S. Luxembourg B 146.928.

An EXTRAORDINARY GENERAL MEETING

of shareholders will be held in Luxembourg on Tuesday 17 April 2012 at 11.30 a.m. at the offices of the Management

Company BNP Paribas Investment Partners Luxembourg, Building H2O, 33 rue de Gasperich, L-5826, Hesperange.

Agenda:

Updating of the Articles of Association as follows:

1. Choice of English as the official language of the Articles of Association in accordance with Article 26 (2) of the

Luxembourg law of 17 December 2010 on undertakings for collective investment;

2. Article 1: regulation of the Company by the Luxembourg law of 17 December 2010 on undertakings for collective

investment, which replaces the law of 20 December 2002;

3. Article 6: redefinition of the notion of "subfund";

Art. 7: redefinition of the notions of "share category" and "share class";

4. Article 6: cancellation of the issue of share certificates;

Deletion of Article 10 regarding lost or damaged certificates;

5. Article 11: simplification of the definitions and conditions of the restrictions on the holding of the Company's shares;
6. Creation of a new Article following Article 12 authorising the Board of Directors to split or group together shares;
7. Article 14: addition of the suspension of NAV calculations and orders in the case of 1) merger, asset contribution,

split-off or a restructuring operation, and 2) for a feeder subfund, when the NAV, issue, conversion and/or re-
demption of shares in the master subfund are suspended;

8. Article 17§5: the decisions of the Board of Directors shall be adopted by a majority of the votes cast;
9. Article 20: addition of the option for the Board of Directors to create subfunds investing in other subfunds of the

Company and linked subfunds;

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U X E M B O U R G

10. Article 27: The General Meeting of Shareholders shall deliberate regardless of the proportion of capital represented.

The resolutions shall be adopted by a simple majority of the votes cast;

11. Article 32: rewriting of the Article to give full powers to the Board of Directors as regards decisions relating to

the efficacy and conditions of a merger, liquidation or splitting of subfunds, categories or classes of shares, within
the limits and conditions allowed by the Luxembourg law of 17 December 2010;
Addition of the liquidation of linked subfunds in the event of the liquidation, merger or splitting of master funds.

12. Rewriting of the Company's Articles of Association in accordance with the Luxembourg law of 17 December 2012

in application since 1 July 2011.

In accordance with Article 67-1 of the Law of 10 August 1915 governing commercial companies (as amended), the

meeting of shareholders may only adopt resolutions if at least half of the capital of the Company is present or represented.
Decisions shall be adopted by a minimum two-thirds majority of the votes cast. The votes cast do not include those
attached to shares for which the shareholders have not voted or have abstained or whose vote is blank or invalid.

Holders of bearer shares who wish to attend or be represented at the meeting should deposit their shares with the

financial service agents, as specified in the prospectus, at least five full days prior to the meeting.

Holders of registered shares who wish to attend or be represented at the meeting will be admitted upon proof of

their identity, provided they have given notice of their intention to attend at least five full days prior to the meeting.

The draft version of the new Articles of Association, the current prospectus and the latest interim report are available

from the agencies listed in the prospectus.

The Board of Directors.

Référence de publication: 2012037154/755/46.

Cybertronic SA, Société Anonyme.

Siège social: L-9053 Ettelbruck, 45, avenue J.F. Kennedy.

R.C.S. Luxembourg B 103.237.

Les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

de la société qui se tiendra extraordinairement le lundi 16 avril 2012 à 16.00 hrs au siège de la société à Ettelbruck,

45, avenue J.F. Kennedy, avec l'ordre du jour suivant:

Ordre du jour:

1. Présentation et discussion des rapports du conseil d'administration et du commissaire aux comptes sur l'exercice

clôturé au 31.12.2011;

2. Présentation et approbation des comptes annuels arrêtés au 31.12.2011;
3. Affectation du résultat;
4. Décharge à donner aux administrateurs et au commissaire aux comptes de la société;
5. Elections statutaires;
6. Divers.

Le Conseil d'Administration.

Référence de publication: 2012037153/561/19.

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

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 35.810.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mardi 17 avril 2012 à 15:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2012037156/1267/15.

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U X E M B O U R G

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

Siège social: L-1116 Luxembourg, 6, rue Adolphe.

R.C.S. Luxembourg B 109.109.

Les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra au siège social 6, rue Adolphe, L-1116 Luxembourg, le 18 avril 2012 à 15.00 heures, pour délibérer sur

l'ordre du jour conçu comme suit:

Ordre du jour:

1. Présentation des comptes annuels, du rapport du conseil d'administration et du rapport du commissaire aux comp-

tes pour l'exercice clos au 31 décembre 2011,

2. Approbation des comptes annuels au 31 décembre 2011 et affectation du résultat,
3. Décharge à donner aux administrateurs et au commissaire aux comptes,
4. Nominations statutaires,
5. Divers.

Le Conseil d'administration.

Référence de publication: 2012037168/833/18.

Flexifund, Société d'Investissement à Capital Variable.

Siège social: L-5826 Hesperange, 33, rue de Gasperich.

R.C.S. Luxembourg B 44.523.

An EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING

shall be held on 17 April, 2012 at 11.30 a.m., at the premises of BNP Paribas Investment Partners Luxembourg, Building

H2O, Block A, Ground Floor, located at 33 rue de Gasperich, L-5826 Hesperange.

Agenda:

Full recasting of the Articles of Association including the following main changes:

1. Choice of English as the official language of the Articles of Association as authorised by Article 26 (2) of the

Luxembourg law of 17 December 2010 concerning undertakings for collective investment;

2. Article 3: Making the Company subject to the Luxembourg law of 17 December 2010 concerning undertakings for

collective investment, replacing the law of 20 December 2002;

3. Article 3: Redefinition of the object of the Company;
4. Article 6: Redefinition of the notion of "sub-fund";
5. Article 7 :Redefinition of the notions of "share class" and "share sub-class", and replacement of the notions of "share

class" and "share sub-class" by respectively the notions of "share category" and "share class". These replacements
will be made anywhere applicable in the Articles of Incorporation;

6. Article 8: No share certificates will be issued any more. As a consequence, Article 9 ("Lost or damaged certificates")

will be deleted;

7. Article 10 (new Article 9): The Board of Directors will be allowed to refuse, at its own discretion, any share

subscription;

8. Article 13 (new Article 12): Introduction of the possibility that the redemption price may be rounded off to the

next higher or lower unit or fraction of the currency in question, as determined by the Board of Directors;

9. New Article 13: Authorizing the Board of Directors to split or regroup shares;

10. - Article 14(b): The value of shares or units in undertakings for collective investment shall be determined on the

basis of the last net asset value available on the valuation day;
- Article 14(c): the valuation of all securities is based on the closing price on the order acceptance date (and not
any more on the most recent price in Luxembourg on the calculation date);
- Article 14(d): the agreement of the Depositary Bank for the appointment of a qualified professional in relation to
valuation of unlisted securities will not be required anymore;
- Article 14(g): Redefinition of the paragraph in order to mention financial derivative instruments in general;

11. - Article 15: Suspension of NAV and orders in a feeder sub-fund in the event of the same suspensions in the master

fund (Article 15(g);
- replacement of the 10% limit by a limit determined by the Board of Directors in order to determine the percentage
of redeemed/converted assets that require to be suspended or deferred.

12. Article 17: The decisions of the Board of Directors shall be taken by a majority of the votes cast;
13. Article 18: deletion of paragraph 2 related to investment policies and restrictions, as the information can be found

under Article 20;

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U X E M B O U R G

14. Article 20: The Company may not invest more than 10% of the assets of each sub-fund in UCITS and other un-

dertakings for collective investment, apart for certain sub-funds if mentioned in their investments policy (new Article
20.a); addition of the possibility for the Board of Directors create sub-funds investing in other Company sub-funds
(new Article 20.b) and feeder sub-funds (new Article 20.c);

15. Article 27: The General Shareholders' Meeting shall validly deliberate regardless of the portion of capital repre-

sented. Resolutions shall be taken by a simple majority of the votes cast;

16. Articles 31 and 32: in the case of straightforward liquidation of the Company, reference is made to applicable law

instead of reference to 9 months delay for the deposit of undistributed liquidation assets with the Luxembourg
Consignment Office.

17. - Article 32: Rewriting of the Article to give the Board of Directors the broadest powers insofar as decisions

concerning the effectiveness and conditions for merger, liquidation, demerger of sub-funds, categories or classes
of shares within the restrictions and conditions provided for by the Luxembourg law of 17 December 2010;
- Addition of the liquidation of feeder sub-funds in the event of liquidation, merger or demerger of master funds
(Article 32).

In accordance with Article 67-1 of the Law of 10 August 1915 on commercial companies, as amended, the Shareholders'

Meeting shall be able to validly deliberate only if at least one half of the Company's capital is present or represented.
Decisions shall be taken by at least two-thirds of the votes cast. The votes expressed do not comprise those attached to
the shares for which the shareholder has not taken part to the vote or has not voted or whose vote was considered as
null or void.

Bearer shareholders wishing to attend or be represented at the Shareholders' Meeting are asked to deposit their

shares, at least five full days before the meeting, at the offices of the financial service agents, as listed in the prospectus.

Registered shareholders wishing to attend or be represented at the Shareholders' Meeting shall be admitted upon

proof of their identity, provided that they have given notice of their intention to attend at least five full days before the
meeting.

The draft new Articles of Association, as well as the current prospectus and the latest interim report are available

from the bodies listed in the prospectus.

The Board of Directors.

Référence de publication: 2012037155/755/68.

Parworld, Société d'Investissement à Capital Variable.

Siège social: L-5826 Hesperange, 33, rue de Gasperich.

R.C.S. Luxembourg B 77.384.

An EXTRAORDINARY GENERAL MEETING

of shareholders will be held on Tuesday, April 17, 2012 at 10.00 am at the premises of the Management Company BNP

Paribas Investment Partners Luxembourg, building H2O, 33, Rue de Gasperich, L-5826 Hesperange, Luxembourg.

Agenda:

Update of the Articles of Association as follows:

1. Choice of English as the official language of the Articles of Association as authorised by Article 26 (2) of the

Luxembourg law of 17 December 2010 concerning undertakings for collective investment;

2. Article 1: making the Company subject to the Luxembourg law of 17 December 2010 concerning undertakings for

collective investment, replacing the law of 20 December 2002;

3. Article 4: changing the third paragraph to authorise the Board of Directors to transfer the registered office either

within the commune or, within the limits authorised by Luxembourg law, to another commune of the Grand Duchy
of Luxembourg;

4. Article 4: correction of the name of the commune of the registered office (Hesperange instead of Howald-Hespe-

range);

5. Article 5§1: replacing the minimum capital of EUR 1,250,000 by the minimum foreseen by the Luxembourg law;

Article 5§4: redefinition of the notion of "subfund";
Articles 5§5 and 6§1: redefinition of the notions of "category of shares" and "class of shares";

6. Article 6: cancellation of the issuance of share certificates;

Deletion of Article 10 concerning lost or damaged certificates;

7. Article 11: simplification of the definition and condition to the restrictions on holding of the Company's shares;
8. Creation of a new article authorizing the Board of Directors to split or regroup shares;
9. Article 12: Rewriting of the article to give the Board of Directors the broadest powers insofar as decisions con-

cerning the effectiveness and conditions for merger, liquidation, demerger of subfunds, categories or classes of
shares within the restrictions and conditions provided for by the Luxembourg law of 17 December 2010;
Addition of the liquidation of feeder subfunds in the event of liquidation, merger or demerger of master funds.

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U X E M B O U R G

10. Article 13.4): the unlisted securities shall be valued by a qualified professional appointed by the Board of Directors;

Art. 13.5) and 6): derivative financial instruments shall be valued according to the rules decided by the Board of
Directors, described in the Prospectus, and previously approved by the Company's auditor and supervisory au-
thorities;
Addition of a new paragraph fixing to 5% of their average net assets the maximum of the total amount of annual
fees payable by a subfund, a category, or a class of shares;

11. Article 14: addition of the suspension of NAV and orders in case of 1) a merger, partial business transfer, splitting

or any restructuring operation and 2) for a "Feeder", when the NAV and orders in the "Master" are suspended;
Addition of the possibility for the Board of Directors, in the interest of shareholders, and in the event of subscrip-
tion, redemption or conversion applications exceeding a percentage of a sub-fund's net assets as determined by
the Board of Directors, to not determine the value of a share until such time as the required purchases and sales
of securities have been made on behalf of the sub-fund. In that event, subscription, redemption and conversion
applications in the pipeline will be processed simultaneously on the basis of the net asset value so calculated;

12. Article 15§3: the general meeting of shareholders shall be held at the registered office of the Company or in any

other place in the Grand Duchy of Luxembourg decided by the Board of Directors and mentioned in the convening
notice;
The General Shareholders' Meeting shall validly deliberate regardless of the portion of capital represented. Reso-
lutions shall be taken by a simple majority of the votes cast;

13. Article 17§3: the decisions of the Board of Directors shall be taken by a majority of the votes cast;
14. Article 19: addition of the possibility for the Board of Directors 1) to create subfunds investing in other subfunds

of the Company, and 2) to create "Feeder" subfunds;
Addition of the limitation of investments in other UCITS or UCIs to 10% of the assets of each subfund, except if
other restrictions mentioned in the investment policy of the concerned subfund exist;

15. Deletion of the articles 21 and 24;
16. Complete reformulation of the Company's articles of association to bring them into line with the provisions of the

Law of 17 December 2010 which came into force on 1 st July 2011.
In accordance with Article 67-1 of the Law of 10 August 1915 on commercial companies, as amended, the Share-
holders' Meeting shall be able to validly deliberate only if at least one half of the Company's capital is present or
represented. Decisions shall be taken by at least two-thirds of the votes cast. The votes expressed do not comprise
those attached to the shares for which the shareholder has not taken part to the vote or has not voted or whose
vote was considered as null or void.
Bearer shareholders wishing to attend or be represented at the Shareholders' Meeting are asked to deposit their
shares, at least five full days before the meeting, at the offices of the financial service agents, as listed in the pros-
pectus.
Registered shareholders wishing to attend or be represented at the Shareholders' Meeting shall be admitted upon
proof of their identity, provided that they have given notice of their intention to attend at least five full days before
the meeting.

The draft new Articles of Association, as well as the current prospectus and the latest interim report are available

from the bodies listed in the prospectus.

The Board of Directors.

Référence de publication: 2012037160/755/71.

JKC Fund, Société d'Investissement à Capital Variable.

Siège social: L-2453 Luxembourg, 12, rue Eugène Ruppert.

R.C.S. Luxembourg B 144.551.

The shareholders are kindly invited to attend the

ANNUAL GENERAL MEETING

which will be held at the registered office of the Company on Thursday April 19, 2012 at 11.30 a.m. with the following

agenda:

Agenda:

1. Board of Directors' report
2. Auditors' report
3. Review and approval of the annual accounts as at December 31, 2011
4. Discharge to the Directors
5. Allocation of the result
6. Statutory appointments
7. Miscellaneous

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U X E M B O U R G

The shareholders are advised that no quorum is required for the items on the agenda of the Annual General Meeting

and that decisions will be taken by a simple majority of the votes cast by shareholders present or represented at the
Meeting.

In order to attend the Meeting, the owners of bearer shares will have to deposit their shares five clear days before

the Meeting at the registered office of the Company.

The annual report is available on demand and free of charge at the registered office of the Company.

The Board of Directors.

Référence de publication: 2012037157/755/25.

Metis SIF, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement Spécialisé.

Siège social: L-1150 Luxembourg, 287, route d'Arlon.

R.C.S. Luxembourg B 155.973.

Les actionnaires sont priés de bien vouloir assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui aura lieu le 19 avril 2012 à 15.00 heures, au siège social, avec l'ordre du jour suivant:

Ordre du jour:

1. Rapport de gestion du conseil d'administration et rapport du réviseur d'entreprises
2. Approbation des comptes annuels et affectation des résultats au 31.12.2011
3. Décharge à donner aux administrateurs et au réviseur d'entreprises
4. Election des administrateurs et du réviseur d'entreprises
5. Divers.

Les actionnaires sont informés que l'Assemblée Générale Ordinaire n'a pas besoin de quorum pour délibérer vala-

blement. Les résolutions, pour être valables, devront réunir la majorité simple des voix des actionnaires présents ou
représentés.

Pour pouvoir assister à l'Assemblée, les propriétaires d'actions au porteur sont priés de déposer leurs actions au siège

social de la Société cinq jours francs avant la date fixée pour l'Assemblée.

Les actionnaires nominatifs qui souhaitent prendre part à cette Assemblée doivent, dans les mêmes délais, faire con-

naître à la Société leur intention d'y participer.

Le Conseil d'administration.

Référence de publication: 2012037158/755/23.

Private Placement Fund, Société d'Investissement à Capital Variable.

Siège social: L-1118 Luxembourg, 11, rue Aldringen.

R.C.S. Luxembourg B 102.950.

Les actionnaires sont invités à assister à

l'ASSEMBLEE GENERALE STATUTAIRE

qui se tiendra le 13 avril 2012 à 11.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation du rapport de gestion du Conseil d'Administration et du rapport du Réviseur d'Entreprises
2. Approbation des comptes annuels au 31 décembre 2011 et de l'affectation des résultats
3. Décharge à donner aux Administrateurs
4. Nominations statutaires
5. Divers

Les décisions concernant les points de l'ordre du jour ne requièrent aucun quorum. Des procurations sont disponibles

au siège social de la Sicav.

Afin de participer à l'Assemblée, les actionnaires sont priés de déposer leurs actions au porteur un jour ouvrable avant

la date de l'Assemblée auprès de KBL European Private Bankers, 43, boulevard Royal, L-2955 Luxembourg.

Le Conseil d'Administration.

Référence de publication: 2012037161/755/20.

38901

U X E M B O U R G

Mosqueteiros S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 149.075.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu vendredi 13 avr. 2012 à 14:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2012037159/1267/15.

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

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

R.C.S. Luxembourg B 61.738.

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

l'ASSEMBLEE GENERALE ORDINAIRE

qui aura lieu le 13 avril 2012 à 09.15 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des rapports du Conseil d'Administration et du Commissaire aux Comptes.
2. Approbation du bilan et du compte de profits et pertes au 31 décembre 2011, et affectation du résultat.
3. Décharge à donner aux Administrateurs et au Commissaire aux Comptes pour l'exercice de leur mandat au 31

décembre 2011.

4. Divers.

LE CONSEIL D'ADMINISTRATION.

Référence de publication: 2012037163/1023/16.

SEB SICAV 2, Société d'Investissement à Capital Variable.

Siège social: L-1347 Luxembourg, 6A, Circuit de la Foire Internationale.

R.C.S. Luxembourg B 31.136.

The ANNUAL GENERAL SHAREHOLDERS' MEETING

of SEB SICAV 2 will be held on 16 April 2012 at 3:00 p.m. at the registered office for the purpose of considering and

voting upon the following matters:

Agenda:

1. Presentation of the reports of the Board of Directors and the Approved Statutory Auditor
2. Approval of the audited annual report as of 31 December 2011
3. Allotment of results
4. Discharge to all Directors in respect of carrying out their duties during the period ending on 31 December 2011
5. Statutory elections
6. Miscellaneous

VOTING

Resolutions will be passed without a quorum, which means that the resolutions are passed by the simple majority of

the votes cast thereon at the Meeting.

VOTING ARRANGEMENTS

Shareholders who are unable to attend the meeting in person are invited to send a duly completed and signed proxy

form to the registered office of the company to arrive before 11 April 2012.

THE BOARD OF DIRECTORS.

Référence de publication: 2012037162/755/23.

38902

U X E M B O U R G

S.P.D.A.S., Société de Promotion pour le Développement des Activités de Services S.P.F. S.A., Société

Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 15.683.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu jeudi 19 avr. 2012 à 11:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d´Administration.

Référence de publication: 2012037165/1267/17.

Sofires S.A., Société Anonyme.

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

R.C.S. Luxembourg B 44.290.

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

l'ASSEMBLEE GENERALE ORDINAIRE

qui aura lieu le 13 avril 2012 à 12.00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

décembre 2011.

4. Divers.

LE CONSEIL D'ADMINISTRATION.

Référence de publication: 2012037164/1023/16.

UBS Luxembourg Sicav, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 76.778.

The shareholders of UBS LUXEMBOURG SICAV are invited to the

ANNUAL GENERAL MEETING

of the company that will take place at its registered office on APRIL 16, 2012 at 11.30 a.m. (Luxembourg time) with

the following

Agenda:

1. Report of the Board of Directors and of the Auditor
2. Approval of the annual accounts as of 30 November 2011
3. Decision on the allocation of the results
4. Discharge to be given to the members of the Board of Directors
5. Statutory elections
6. Auditor's mandate
7. Miscellaneous

The latest version of the Annual Report is available free of charge during normal office hours at the registered office

of the Company in Luxembourg.

In order to participate in the Annual General Meeting, the shareholders need to deposit their shares at the latest at

16:00 (Luxembourg time) five days prior to the Annual General Meeting with the Custodian Bank, UBS (Luxembourg)
S.A., 33A avenue J.F. Kennedy, L-1855 Luxembourg or at any other appointed paying agent. The majority at the annual

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U X E M B O U R G

general meeting shall be determined according to the shares issued and outstanding at midnight (Luxembourg time) five
days prior to the Annual General Meeting (referred to as "record date"). There will be no requirement as to the quorum
in order for the Annual General Meeting to validly deliberate and decide on the matters listed in the agenda; resolutions
will be passed by the simple majority of the shares present or represented at the meeting. At the Annual General Meeting,
each share entitles to one vote. The rights of the shareholders to attend the Annual General Meeting and to exercise the
voting right attached to their shares are determined in accordance with the shares held at the record date.

If you cannot attend this meeting and if you want to be represented by the chairman of the Annual General Meeting,

please return a proxy, dated and signed by fax and/or mail at the latest five days prior to the Annual General Meeting
(the "record date") to the attention of the Company Secretary at UBS FUND SERVICES (LUXEMBOURG) S.A. 33 A,
avenue J.F. Kennedy, L-1855 Luxembourg, fax number +352 441010 6249. Proxy forms may be obtained by simple request
at the same address.

The proxy form will only be valid if it includes the shareholder's and his/her/its legal representative's first name, surname

and number of shares held at the record date and official address and signature as well as voting instructions. Incomplete
or erroneous proxy forms or proxy forms, which do not comply with the formalities described therein, will not be taken
into account.

The Board of Directors.

Référence de publication: 2012037169/755/39.

Sylux S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 104.290.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu lundi 23 avr. 2012 à 10:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2012037166/1267/15.

World Invest, Société d'Investissement à Capital Variable.

Siège social: L-2449 Luxembourg, 41, boulevard Royal.

R.C.S. Luxembourg B 35.181.

Shareholders are hereby convened to attend the

ANNUAL GENERAL MEETING

of the Fund, to be held on 16

th

April, 2012 at 10:30 a.m. at the Fund's registered office located 41, Boulevard Royal,

L-2449 Luxembourg, with the following Agenda:

Agenda:

1. Acquaintance with the Board of Director's report and the Independent Auditor's report
2. Approval of the annual report, i.e.balance sheet and profit and loss account, as at 31

December, 2011

3. Allocation of results, as proposed by the Board i.e. carrying forward of the results
4. Discharge of the Directors for the performance of their duties during the financial year ending on 31

December,

2011

5. Statutory nominations i.e:

- Renewal of mandates of Giovanni Giacomo Schraemli, Giulio Romani, Tristan Brenner and Sylvain Feraud

6. Renewal of the Independent Auditor's mandate
7. Miscellaneous

The annual report of the Fund as at 31

December, 2011 is available at the Fund's registered office.

Shareholders are advised that the meeting does not have to be quorate in order to pass valid resolutions. To be

accepted, valid resolutions only require a majority of shareholders actively present or represented.

38904

U X E M B O U R G

Shareholders or their proxies wishing to take part in the Meeting are kindly requested to inform the Fund at least

three clear days prior to the holding of the Meeting of their intention to attend. They shall be admitted subject to
verification of their identity and evidence of their shareholding.

In order to attend the meeting, the owners of bearer shares will have to deposit their shares five clear days before

the meeting at the head office.

Proxy forms are available at the Fund's registered office.

The Board of Directors.

Référence de publication: 2012037173/755/30.

Tenke S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 14.674.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu lundi 16 avr. 2012 à 14:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d´Administration.

Référence de publication: 2012037167/1267/16.

Vivaro Holdings S.A. S.P.F., Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 107.199.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu vendredi 13 avr. 2012 à 09:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2012037170/1267/15.

Emcor Luxembourg S.A.-SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-2453 Luxembourg, 12, rue Eugène Ruppert.

R.C.S. Luxembourg B 25.341.

Mesdames, Messieurs les Actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ANNUELLE

des Actionnaires qui aura lieu le mercredi 11 avril 2012 à 11.00 heures à Luxembourg, au siège social avec l'ordre du

jour suivant:

Ordre du jour:

1. Présentation et approbation du rapport de gestion du Conseil d'Administration ainsi que du rapport de contrôle

du Commissaire relatifs à l'exercice clôturé au 31 décembre 2011.

2. Approbation du bilan arrêté au 31 décembre 2011 et du compte de profits et pertes y relatifs; affectation du résultat.
3. Décharge aux Administrateurs et au Commissaire pour l'exercice de leur mandat durant l'exercice clôturé au 31

décembre 2011.

38905

U X E M B O U R G

4. Divers.

Le conseil d'Administration.

Référence de publication: 2012031094/34/18.

Worldselect One, Société d'Investissement à Capital Variable.

Siège social: L-5826 Hesperange, 33, rue de Gasperich.

R.C.S. Luxembourg B 101.897.

An EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING

shall be held on 17 April 2012 at 11.00 a.m., at the premises of BNP Paribas Investment Partners Luxembourg, Building

H2O, Block A, Ground Floor, located at 33 rue de Gasperich, L-5826 Hesperange.

Agenda:

Full recasting of the Articles of Association including the following main changes:

1. Choice of English as the official language of the Articles of Association as authorised by Article 26 (2) of the

Luxembourg law of 17 December 2010 concerning undertakings for collective investment;

2. Making the Company subject to the Luxembourg law of 17 December 2010 concerning undertakings for collective

investment, replacing the law of 20 December 2002 (new Article 3);

3. Dropping of any reference to currency for consolidated accounts of the Company (new Article 5);
4. Redefinition of the notion of "sub-fund" (new Article 6);
5. Redefinition of the notions of "category of shares" and "class of shares" (new Article 7);
6. Modification of deadline for payment of subscription and redemption prices from 6 to 7 bank business days (new

Articles 9 and 12);

7. Simplification of the definition and condition to the restrictions on holding of the Company's shares (new Article

10);

8. Deletion of current Article 11 concerning "Closure/liquidation, merger and split of sub-funds, categories and clas-

ses";

9. Authorizing the Board of Directors to split or regroup shares (new Article 13);

10. Rewriting of the article relating to "Net Asset value" as to the pooling as well as to the definition of assets and

liabilities of the Company and their allocation among sub-funds. Unlisted securities shall be valued by a qualified
professional appointed by the Board of Directors. Valuation methods for various derivative instruments are now
regrouped under one rule applicable to all financial derivative instruments. Insertion of a maximum rate of 5% for
the total amount of annual fees payable by a sub-fund (new Article 14);

11. Insertion of a new case of suspension of NAV and orders for a "feeder" sub-fund, when NAV and orders in the

"Master" sub-fund are suspended (new Article 15 (g));
Addition of the possibility for the Board of Directors, in the interest of shareholders, and in the event of subscrip-
tion, redemption or conversion applications exceeding a percentage of a sub-fund's net assets as determined by
the Board of Directors, to not determine the value of a share until such time as the required purchases and sales
of securities have been made on behalf of the sub-fund. In that event, subscription, redemption and conversion
applications in the pipeline will be processed simultaneously on the basis of the net asset value so calculated (new
Article 15, §4);

12. Board of Directors : rewriting of Articles about "Directors", "Chairmanship and Board Meetings", "Board Powers"

and "Daily Management" (new Articles 16 to 19);

13. Rewriting of the Article on the "Investment Policy" (new Article 20);

Addition of the possibility for the Board of Directors 1) to create sub-funds investing in other sub-funds of the
Company (new Article 20,e)), and 2) to create "Feeder" sub-funds (new Article 20,f));
Addition of the limitation of investments in other UCITS or UCIs to 10% of the assets of each sub-fund, except if
other restrictions mentioned in the investment policy of the concerned sub-fund exist (new Article 20,b));

14. Deletion of current Article 21 concerning the "Representation and legal proceedings - commitments of the Com-

pany";

15. Deletion of current Article 23 concerning the "Indemnification of directors and managers";
16. Rewriting of stipulation concerning "General Meetings" (new Articles 24 to 27);

New date for the annual general meeting : last Thursday of July (new Article 25);

17. Partial deletion of current article 26 "Accounting year - annual and interim reports" as to aspects of financial reports;
18. Replacement of current article 28 "Dissolution and liquidation of the Company" by new Articles 30 ("Dissolution")

and 31 ("Liquidation");

19. Insertion of a new Article 32 on "Liquidation, merger, transfer, splitting of sub-funds, categories and/or classes"

giving the Board of Directors the broadest powers as to decisions concerning the effectiveness and conditions for
merger, liquidation, demerger of sub-funds, categories or classes of shares within the restrictions and conditions
provided for by the Luxembourg law of 17 December 2010 (new Article 32, §1);

38906

U X E M B O U R G

Addition of the liquidation of feeder sub-funds in the event of liquidation, merger or demerger of master funds
(new Article 32, §2).

20. Complete reformulation of the Company's articles of association to bring them into line with the provisions of the

Law of 17 December 2010 which came into force on 1

July 2011;

In accordance with Article 67-1 of the Law of 10 August 1915 on commercial companies, as amended, the Shareholders'

Meeting shall be able to validly deliberate only if at least one half of the Company's capital is present or represented.
Decisions shall be taken by at least two-thirds of the votes cast.

Registered shareholders wishing to attend or be represented at the Shareholders' Meeting shall be admitted upon

proof of their identity, provided that they have given notice of their intention to attend at least five full days before the
meeting.

The draft new Articles of Association, as well as the current prospectus and the latest interim report are available

from the bodies listed in the prospectus.

The Board of Directors.

Référence de publication: 2012037172/755/70.

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

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

R.C.S. Luxembourg B 10.599.

Les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu le 6 avril 2012 à 14:00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

1. Rapport de gestion du Conseil d'Administration et rapport du Commissaire aux comptes
2. Approbation des comptes annuels et affectation des résultats au 31 décembre 2011
3. Décharge aux Administrateurs et au Commissaire aux comptes
4. Divers

Le Conseil d'Administration.

Référence de publication: 2012033172/795/15.

Orco Germany S.A., Société Anonyme.

Siège social: L-2661 Luxembourg, 42, rue de la Vallée.

R.C.S. Luxembourg B 102.254.

A GENERAL MEETING

of the holders of the warrants (the "Warrantholders"), registered under ISIN code: XS0302626899 (the "OG War-

rants") as described under the Prospectus (as defined below) issued by the Company under the issue of the €
100.100.052,00 bonds registered under ISIN code: XS0302623953 (the "OG Bonds") with redeemable OG Warrants
attached on May 24, 2007 pursuant to a prospectus approved by the Commission de Surveillance du Secteur Financier
(the "CSSF") on May 24, 2007 (the "Prospectus"), will be held at 42, rue de la Vallée, L-2661 Luxembourg, Grand Duchy
of Luxembourg, on April 5, 2012 at 09:30 AM Central European time ("CET") (the "2012 Warrantholders Meeting"), in
order to consider and resolve on the following agenda:

Agenda:

1. Approval of the terms and conditions of the proposal to the holders of all the OG Bonds to substitute their OG

Bonds by Obligations Convertibles en Actions (the "OCA") to be issued by Orco Property Group S.A. ("OPG"),
a Luxembourg société anonyme, having its registered office at 42, rue de la Vallée, L-2661 Luxembourg, Grand
Duchy of Luxembourg, registered with the Luxembourg register of commerce and companies (the "RCS") under
number B 44996 ("OG Conversion"), and approval of all steps and actions in connection with the OG Conversion,
including but not limited to the entering into and performance of all the transactions, documents, agreements
contemplated, needed or useful in connection with the OG Conversion;

2. Miscellaneous.
Please refer to Annex A attached to the present notice and the Company's website at www.orcogermany.de for further

details pertaining to the proposed OG Conversion.

Note: The Warrantholders' meeting held on 27 January 2012 has already approved the OG Conversion. The effecti-

veness of such approval of the OG Conversion decided at said meeting was subject to the regulatory determination by
the CSSF that a takeover offer for OPG or OG would not be required. However, since that time, this condition has been

38907

U X E M B O U R G

withdrawn as a result of the amendment to the contractual documentation to be entered into between the holders of
OG Bonds and OPG. As such, a new meeting of the Warrantholders is being convened to re-confirm the OG Conversion
without this regulatory condition.

The 2012 Warrantholders Meeting shall not validly deliberate on the agenda mentioned above, unless at least one half

of the total number of the OG Warrants outstanding at the time of the 2012 Warrantholders Meeting is represented.

If such proportion of the total number of the OG Warrants is not met, a second meeting may be convened, by means

of notices published twice at fifteen days interval at least and fifteen days before the meeting in the Mémorial C, Recueil
des Sociétés et Associations and in two Luxembourg newspapers. The second meeting shall validly deliberate regardless
of the proportion of the OG Warrants represented.

At both meetings, resolutions, in order to be adopted, must be carried by at least three quarters (3/4) of the votes

cast by the Warrantholders present or represented.

The Warrantholders participation form which is necessary to participate to the 2012 Warrantholders Meeting is at

the disposal of the Warrantholders as from the date of publication of the present notice, at the registered office of the
Company upon request or downloaded from the Company's website at www.orcogermany.de or ultimately upon request
to the financial intermediaries or to the relevant central registration bank.

Auditor's reports on review of interim financial information of the Company and of OPG, are at the disposal of the

Warrantholders as from the date of publication of the present notice, at the registered office of the Company upon
request or downloaded from the Company's website at www.orcogermany.de (OPG's board of directors report also on
OPG's website at www.orcogroup.com) or ultimately upon request to the financial intermediaries or to the relevant
central registration bank.

A report of the Company's board of directors, as well as a report of the OPG's board of directors, explaining the

reasons of the OG Conversion, are at the disposal of the Warrantholders as from the date of publication of the present
notice, at the registered office of the Company upon request or downloaded from the Company's website at
www.orcogermany.de or ultimately upon request to the financial intermediaries or to the relevant central registration
bank.

The proposed terms and conditions of the OCA are at the disposal of the Warrantholders as from the date of

publication of the present notice, at the registered office of the Company upon request or downloaded from the Com-
pany's website at www.orcogermany.de or ultimately upon request to the financial intermediaries or to the relevant
central registration bank.

Copies of the Prospectus, the articles of association of the Company and the proposed terms and conditions of the

OG Conversion are available on the Company's website at www.orcogermany.de and at the registered office of the
Company upon request.

The board of directors of the Company would like to point out that for Warrantholders whose ownership is directly

or indirectly recorded in the warrant registry of the Company, the conditions for attendance or representation at the
2012 Warrantholders Meeting are as follows:

1. Conditions for personal attendance
(i) Warrantholders whose ownership is indirectly recorded in the warrant registry of the Company
Warrantholders whose ownership is indirectly recorded in the warrant registry of the Company and who elect to

attend the 2012 Bondholders Meeting in person must use their usual applicable contacting method for informing their
financial intermediary, with whom their OG Bonds are on deposit, accordingly. They must further request their financial
intermediary, with whom their OG Bonds are on deposit, to send a Bondholders blocking certificate (the "Bondholders
blocking certificate") for their OG Bonds to the relevant central registration bank no later than 5 business days prior to
the 2012 Bondholders Meeting.

Such blocking certificate must indicate clearly the precise identity of the Bondholder, the number of OG Bonds being

blocked, the date such OG Bonds are being blocked, which must be no later than March 30, 2012 and a statement that
the relevant OG Warrants are registered in the local bank or brokers records in the holder's name and shall be blocked
until the close of the 2012 Warrantholders Meeting.

The Warrantholders must bring a copy of the Warrantholders blocking certificate to the 2012 Warrantholders Meet-

ing.

The Warrantholders shall also announce their intention to participate at the 2012 Warrantholders Meeting by com-

pleting, signing, dating and returning on no later than March 30, 2012 at the latest to the relevant central registration bank
or to the Company (C/O "Orco Germany S.A., 42, rue de la Vallée, L-2661 Luxembourg, to Mr. Christophe Le Priol or
Mrs. Françoise de Jongh, département juridique"), the Warrantholders participation form that can be obtained at the
registered office of the Company upon request or downloaded from the Company's website at www.orcogermany.de
or ultimately upon request to the financial intermediaries or the relevant central registration bank.

(ii) Warrantholders whose ownership is directly recorded in the warrant registry of the Company
Warrantholders whose ownership is directly recorded in the warrant registry of the Company, shall announce their

intention to participate to the 2012 Warrantholders Meeting by completing, signing, dating and returning on March 30,
2012, at the latest to the relevant central registration bank or to the Company (C/O "Orco Germany S.A., 42, rue de la

38908

U X E M B O U R G

Vallée, L-2661 Luxembourg, to Mr. Christophe Le Priol or Mrs. Françoise de Jongh, département juridique") the War-
rantholders participation form that can be obtained at the registered office of the Company upon request or downloaded
from the Company's website at www.orcogermany.de or ultimately upon request to the financial intermediaries or the
relevant central registration bank.

2. Conditions for proxy voting or granting a mandate
(i) Warrantholders whose ownership is indirectly recorded in the warrant registry of the Company
Warrantholders whose ownership is indirectly recorded in the warrant registry of the Company and who are unable

to attend the 2012 Warrantholders Meeting in person, may give a voting instruction to a third party that the Warran-
tholder designates.

Prior to giving voting instructions to a proxy, this Warrantholder must a) have obtained and delivered to the relevant

central registration bank the Warrantholders blocking certificate described above (see "Conditions for personal atten-
dance"), and b) complete, sign and date the Warrantholders participation form that can be obtained at the registered
office of the Company upon request or downloaded from the Company's website at www.orcogermany.de or ultimately
upon request to the financial intermediaries or the relevant central registration bank, indicating the name of the proxy.

The completed, signed and dated Warrantholders participation form must be returned to the relevant central regis-

tration bank or to the Company (C/O "Orco Germany S.A., 42, rue de la Vallée, L-2661 Luxembourg, to Mr. Christophe
Le Priol or Mrs. Françoise de Jongh, département juridique") no later than March 30, 2012, at the latest, in order to have
that name recorded on the registration list of the 2012 Warrantholders Meeting.

If a Warrantholder wishes to be represented by a proxy other than the Chairman of the 2012 Warrantholders Meeting,

then this holder must (a) have obtained and delivered to the relevant central registration bank the Warrantholders
blocking certificate described above (see "Conditions for personal attendance"), and (b) complete, sign and date the
Warrantholders participation form that can be obtained at the registered office of the Company upon request or down-
loaded from the Company's website at www.orcogermany.de or ultimately upon request to the financial intermediaries
or the relevant central registration bank, indicating the name of the proxy. The completed, signed and dated Warran-
tholders participation form must be returned to the relevant central registration bank or to the Company (C/O "Orco
Germany S.A., 42, rue de la Vallée, L-2661 Luxembourg, to Mr. Christophe Le Priol or Mrs. Françoise de Jongh, dépar-
tement juridique") no later than March 30, 2012, at the latest, in order to have that name recorded on the registration
list of the 2012 Warrantholders Meeting.

Warrantholders who have obtained the Warrantholders blocking certificate and have executed a Warrantholders

participation form but who wish to revoke such proxy may do so at any time by timely delivering a properly executed,
later dated participation form no later than March 30, 2012, at the latest, or by properly attending and voting in person
at the 2012 Warrantholders Meeting.

Simply attending the 2012 Warrantholders Meeting without voting will not revoke the proxy.
(ii) Warrantholders whose ownership is directly recorded in the warrant registry of the Company.
Warrantholders whose ownership is directly recorded in the warrant registry of the Company must complete, sign

and date the Warrantholders participation form that can be obtained at the registered office of the Company upon request
or downloaded from the Company's website at www.orcogermany.de or ultimately upon request to the financial inter-
mediaries or the relevant central registration bank.

The completed, signed and dated Warrantholders participation form must be returned to the relevant central regis-

3. Request for information and central registration banks
Warrantholders looking for more information can do so by:
(i) contacting the Company's services directly:
- At the registered office of the Company- Legal Department
Tel.: +352 26 47 67 1
Fax.: +352 26 47 67 67
(ii) contacting one of the central registration banks :
- For OG Warrants that are included in the Clearstream Banking or Euroclear Bank system and that are admitted to

trading on the Euro MTF:

BNP Paribas Security Services - Lucie Maiore, Emmanuel Gérard
33 rue Gasperich Howald,
Hesperange L-2085, Luxembourg
Tel: +352 26 96 23 89, +352 26 96 62 445
lux.ostdomiciliees@bnpparibas.com

Luxembourg, March 20, 2012.

The Board of directors of the Company .

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Annex A:

PROPOSED TERMS AND CONDITIONS OF THE OG CONVERSION

Subject to compliance with Luxembourg laws, the OG Bonds will be converted for their total nominal amount and

accrued interest (app. EUR 129.1 Million, consisting of the nominal value, premium and coupon interest as at the maturity
date) into OCA to be issued by OPG on 5 April 2012 (the "Issue Date") which are convertible as follows:

- OCA in an aggregate nominal amount of EUR 79,129,387.26 are converted into 19,250,010 newly issued ordinary

shares of OPG (ISIN LU0122624777, "OPG Shares") on or about 10 April 2012 (the "Upfront Conversion");

- OCA in an aggregate nominal amount of around EUR 50,000,000 convertible into shares of OG or OPG, as further

detailed below:

* Each OCA will bear an interest per year of 0.01% and shall have a maturity of 30 April 2012 or any subsequent date

proposed by OPG and agreed to by the holders of OCA at the relevant majority in a meeting of holders of OCA (the
"Exchange Date");

* The holders of the OCA shall benefit from a lien on 55% of all shares issued by OG (ISIN LU0251710041, "OG

Shares"), including current OG Shares and the New OG Shares (as defined below)) held by OPG as collateral in a separate
securities account that will be pledged to the holders of OCA pursuant to a Swiss law share pledge agreement, for the
conversion or repayment in cash of such OCA in accordance with the provisions below;

* Up to the Exchange Date, the remaining OCA can be repaid, at the option of OPG, in full but not in part, by OPG,

in cash in immediately available funds in an amount of EUR 337.66 per one OCA;

* On the Exchange Date, and provided they have not already been repaid in cash, the remaining OCA shall be converted

into shares as follows :

- If and provided that the OPG Bond Conversion Condition (as defined below) is met three business days prior to the

Exchange Date, the remaining OCA are converted into 54 OPG Shares per one OCA;

- if and provided the OPG Bond Conversion Condition is not met three business days prior to the Exchange Date

such remaining OCA will, as decided by the holders of OCA (at a 50% plus 1 OCA majority of all the OCA outstanding),
convert into either (i) 54 OPG Shares per one OCA or (ii) a number of OG Shares equivalent to 55% of the fully diluted
capital of OG post equitization of the OG Bonds by OPG. In the event no cash repayment is made by OPG, the election
decision of the OCA holders in this case will not be required by 26 April 2012 but can be extended as necessary to allow
for proper notice period, quorum, and majority decision. No new OG Shares can be issued during this time without 55%
of those new shares also being added to the pledged collateral. The pledge collateral shall remain in full force and effect
until completion of the repayment of the remaining OCA.

* OPG will prior to maturity of the OCA (subject to Luxembourg laws and the regulatory formalities, corporate

decisions and notice periods being complied with both at the level of OG and OPG) convert the EUR 129,129,067.08
including the accrued coupons of OG Bonds into additional OG Shares based on the volume weighted average price of
OG Shares on the Frankfurt stock exchange over a period of 6 (six) months prior to 20 March, 2012 (the "New OG
Shares").

For the purposes of the OG Conversion, the "OPG Bond Conversion Condition" is met if 3 business days before the

Exchange Date, 65% of all OPG Bonds (as defined below, in terms of nominal value) have been converted into a combi-
nation of (i) OPG Shares at a value of EUR 6.40 (on the basis that up to 64,062,500 new OPG shares may be issued in
order to equitize 100% of EUR 410,000,000 of nominal of OPG Bonds, to be reduced proportionally in accordance with
the actual number of OPG bonds equitized) or at a higher value and/or (ii) bonds issued by OPG with a coupon of 0.5%
per annum with a maturity in 2050, and such conversion has been approved by the Tribunal de Commerce de Paris.

This time frame can be extended at the request of OPG if the negotiations with the OPG Bondholders are well advanced

as of 1st April 2012 and provided that such extension is agreed by a decision of the holders of OCA (taken in accordance
with the quorum and majority provisions provided for by law in a meeting of holders of OCA convened to extend the
Exchange Date, i.e. the decision can only validly be taken if at least one half of the OCA outstanding are present or
represented at that meeting. If such proportion of the total number of the OCA is not met, a second meeting shall be
convened and such second meeting shall validly deliberate regardless of the proportion of the OCA present or repre-
sented. At both meetings, decisions in order to be adopted must be approved by at least two third of the votes cast).
The OPG Bond Conversion Condition shall be met on the date when the substitution of the relevant OPG Bonds into
OPG Shares has been approved by the relevant bondholders' meetings, warrantholders' meetings (as appropriate) and
shareholders' meeting of OPG and the Tribunal de Commerce de Paris .

The total number of new OPG Shares issued as a result of the Upfront Conversion shall be 19,250,010. Furthermore,

an additional number of 7,996,158 OPG Shares may be issued on or around the Exchange Date subject to and in accor-
dance with the provisions described above.

The new OPG Shares issued as a result of the OG Conversion and the OPG Conversion shall be referred to as the

"New OPG Shares".

For the purposes of the OPG Bond Conversion Condition, the OPG Bonds means:
- EUR 50,272,605.30 bonds with subscription rights attached issued by OPG on 18 November 2005 (the "OPG Bonds

2010");

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- CZK 300,000,000.00 bonds issued by OPG on 3 February 2006 (the "OPG Bonds 2011"). As of the date of this Term

Sheet EUR 11,631,934 of nominal OPG Bonds 2011 remain outstanding;

- EUR 24,169,193.39 bonds issued by OPG on 30 June 2005 (the "OPG Bonds 2012");
- EUR 149,999,928.00 convertible bonds issued by OPG on 1 June 2006 (the "OPG Bonds 2013");
- EUR 175,000,461.60 bonds with subscription rights attached issued by OPG on 28 March 2007 (the "OPG Bonds

2014").

(OPG Bonds 2010, 2011, 2012, 2013 and 2014 jointly as the "OPG Bonds", and the holders of the OPG Bonds as the

"OPG Bondholders").

Référence de publication: 2012033201/210.

Orco Germany S.A., Société Anonyme.

Siège social: L-2661 Luxembourg, 42, rue de la Vallée.

R.C.S. Luxembourg B 102.254.

A GENERAL MEETING

of the holders of the € 100.100.052,00 bonds (the "Bondholders"), registered under ISIN code: XS0302623953 (the

"OG Bonds") as described under the Prospectus (as defined below) issued by the Company with redeemable warrants
attached under ISIN code: XS0302626899 on May 24, 2007 pursuant to a prospectus approved by the Commission de
Surveillance du Secteur Financier (the "CSSF") on May 24, 2007 (the "Prospectus"), will be held at 42, rue de la Vallée,
L-2661 Luxembourg, Grand Duchy of Luxembourg, on April 5, 2012 at 9:00 AM Central European time ("CET") (the
"2012 Bondholders Meeting"), in order to consider and resolve on the following agenda:

Agenda:

1. Approval of the terms and conditions of the substitution of all OG Bonds by Obligations Convertibles en Actions

(the "OCA") to be issued by Orco Property Group S.A. ("OPG"), a Luxembourg société anonyme, having its
registered office at 42, rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg, registered with the
Luxembourg register of commerce and companies (the "RCS") under number B 44996 ("OG Conversion"), in-
cluding but not limited to, discussion and approval of the terms and conditions of the OCA (as such terms may be
amended), approval of all steps and actions, and entering into and performance of all the transactions, documents,
agreements contemplated, needed or useful in connection with the OG Conversion, after presentation to the
Bondholders of (i) interim accounting situations of the Company and of OPG, reviewed and certified by their
respective auditors and (ii) reports established by the boards of directors of OG and OPG, explaining the reasons
of the OG Conversion;

2. Delegation of power for implementation of the OG Conversion to one of the représentant de la masse, Augustin

Capital Management Ltd represented by Mr. Charles Bray (or any other duly empowered person), including, but
not limited to, the power and mandate to finalize the terms and conditions of the OCA and to negotiate and agree
the final terms and conditions of the OCA, subject to any non-substantial changes to such terms and conditions of
the OCA, as approved by the meeting, to negotiate, finalize and sign the contribution and subscription agreement
of the OCA, to receive the OCA on behalf of the OG Bondholders and to redistribute the OCA to the Bondholders
and/or to their representative under the terms and conditions of the OCA, to negotiate, finalize and sign a share
pledge agreement with OPG on behalf and for the account of the Bondholders, and power to perform and execute
all steps and actions, and entering into and performance of all the transactions, documents, agreements contem-
plated, needed or useful in connection with the OG Conversion, and approval of the terms and conditions of the
mandate given to Augustin Capital Management Ltd.

3. Miscellaneous.

Please refer to Annex A attached to the present notice and the Company's website at www.orcogermany.de for further

details pertaining to the proposed OG Conversion.

Note: The Bondholders' meeting held on 27 January 2012 has already approved the OG Conversion. The effectiveness

of the OG Conversion decided at said meeting was subject to the regulatory determination by the CSSF that a takeover
offer for OPG or OG would not be required. However, since that time, this condition has been withdrawn as a result of
the amendment to the contractual documentation to be entered into between the Bondholders and OPG. As such, a
new meeting of the Bondholders is being convened to re-confirm the OG Conversion without this regulatory condition.

The 2012 Bondholders Meeting shall not validly deliberate on the agenda mentioned above, unless at least one half of

the total number of the OG Bonds outstanding at the time of the 2012 Bondholders Meeting is represented.

If such proportion of the total number of the OG Bonds is not met, a second meeting may be convened, by means of

notices published twice at fifteen days interval at least and fifteen days before the meeting in the Mémorial C, Recueil des
Sociétés et Associations and in two Luxembourg newspapers. The second meeting shall validly deliberate regardless of
the proportion of the OG Bonds represented.

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At both meetings, resolutions, in order to be adopted, must be carried by at least two thirds (2/3) of the votes cast

by the Bondholders present or represented.

The Bondholders participation form which is necessary to participate to the 2012 Bondholders Meeting is at the

disposal of the Bondholders as from the date of publication of the present notice, at the registered office of the Company
upon request or downloaded from the Company's website at www.orcogermany.de or ultimately upon request to the
financial intermediaries or to the relevant central registration bank.

The auditor's reports on review of interim financial information of the Company and of OPG, to be presented to the

2012 Bondholders Meeting are at the disposal of the Bondholders as from the date of publication of the present notice,
at the registered office of the Company upon request or downloaded from the Company's website at
www.orcogermany.de (OPG's board of directors report also on OPG's website at www.orcogroup.com) or ultimately
upon request to the financial intermediaries or to the relevant central registration bank.

The report of the Company's board of directors, as well as the report of the OPG's board of directors, explaining the

reasons of the OG Conversion, to be presented to the 2012 Bondholders Meeting are at the disposal of the Bondholders
as from the date of publication of the present notice, at the registered office of the Company upon request or downloaded
from the Company's website at www.orcogermany.de or ultimately upon request to the financial intermediaries or to
the relevant central registration bank.

The proposed terms and conditions of the OCA are at the disposal of the Bondholders as from the date of publication

of the present notice, at the registered office of the Company upon request or downloaded from the Company's website
at www.orcogermany.de or ultimately upon request to the financial intermediaries or to the relevant central registration
bank.

The proposed terms and conditions of the mandate given to Augustin Capital Management Ltd are at the disposal of

the Bondholders as from the date of publication of the present notice, at the registered office of the Company upon
request or downloaded from the Company's website at www.orcogermany.de or ultimately upon request to the financial
intermediaries or to the relevant central registration bank.

Copies of the Prospectus, the articles of association of the Company and the proposed terms and conditions of the

OG Conversion are available on the Company's website at www.orcogermany.de and at the registered office of the
Company upon request.

The board of directors of the Company would like to point out that for Bondholders whose ownership is directly or

indirectly recorded in the Bond registry of the Company, the conditions for attendance or representation at the 2012
Bondholders Meeting are as follows:

1. Conditions for personal attendance
(i) Bondholders whose ownership is indirectly recorded in the bond registry of the Company
Bondholders whose ownership is indirectly recorded in the bond registry of the Company and who elect to attend

the 2012 Bondholders Meeting in person must use their usual applicable contacting method for informing their financial
intermediary, with whom their OG Bonds are on deposit, accordingly. They must further request their financial inter-
mediary, with whom their OG Bonds are on deposit, to send a Bondholders blocking certificate (the "Bondholders
blocking certificate") for their OG Bonds to the relevant central registration bank no later than 5 business days prior to
the 2012 Bondholders Meeting.

Such blocking certificate must indicate clearly the precise identity of the Bondholder, the number of OG Bonds being

blocked, the date such OG Bonds are being blocked, which must be no later than March 30, 2012 and a statement that
the relevant OG Bonds are registered in the local bank or brokers records in the holder's name and shall be blocked
until the close of the 2012 Bondholders Meeting.

The Bondholders must bring a copy of the Bondholders blocking certificate to the 2012 Bondholders Meeting.
The Bondholders shall also announce their intention to participate at the 2012 Bondholders Meeting by completing,

signing, dating and returning on no later than March 30, 2012 at the latest to the relevant central registration bank or to
the Company (C/O "Orco Germany S.A., 42, rue de la Vallée, L-2661 Luxembourg, to Mr. Christophe Le Priol or Mrs.
Françoise de Jongh, département juridique"), the Bondholders participation form that can be obtained at the registered
office of the Company upon request or downloaded from the Company's website at www.orcogermany.de or ultimately
upon request to the financial intermediaries or the relevant central registration bank.

(ii) Bondholders whose ownership is directly recorded in the bond registry of the Company
Bondholders whose ownership is directly recorded in the bond registry of the Company, shall announce their intention

to participate to the 2012 Bondholders Meeting by completing, signing, dating and returning on March 30, 2012, at the
latest to the relevant central registration bank or to the Company (C/O "Orco Germany S.A., 42, rue de la Vallée, L-2661
Luxembourg, to Mr. Christophe Le Priol or Mrs. Françoise de Jongh, département juridique") the Bondholders partici-
pation form that can be obtained at the registered office of the Company upon request or downloaded from the
Company's website at www.orcogermany.de or ultimately upon request to the financial intermediaries or the relevant
central registration bank.

2. Conditions for proxy voting or granting a mandate

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(i) Bondholders whose ownership is indirectly recorded in the bond registry of the Company
Bondholders whose ownership is indirectly recorded in the bond registry of the Company and who are unable to

attend the 2012 Bondholders Meeting in person, may give a voting instruction to a third party that the Bondholder
designates.

Prior to giving voting instructions to a proxy, this Bondholder must a) have obtained and delivered to the relevant

central registration bank the Bondholders blocking certificate described above (see "Conditions for personal attendance"),
and b) complete, sign and date the Bondholders participation form that can be obtained at the registered office of the
Company upon request or downloaded from the Company's website at www.orcogermany.de or ultimately upon request
to the financial intermediaries or the relevant central registration bank, indicating the name of the proxy.

The completed, signed and dated Bondholders participation form must be returned to the relevant central registration

bank or to the Company (C/O "Orco Germany S.A., 42, rue de la Vallée, L-2661 Luxembourg, to Mr. Christophe Le Priol
or Mrs. Françoise de Jongh, département juridique") no later than March 30, 2012, at the latest, in order to have that
name recorded on the registration list of the 2012 Bondholders Meeting.

If a Bondholder wishes to be represented by a proxy other than the Chairman of the 2012 Bondholders Meeting, then

this holder must (a) have obtained and delivered to the relevant central registration bank the Bondholders blocking
certificate described above (see "Conditions for personal attendance"), and (b) complete, sign and date the Bondholders
participation form that can be obtained at the registered office of the Company upon request or downloaded from the
Company's website at www.orcogermany.de or ultimately upon request to the financial intermediaries or the relevant
central registration bank, indicating the name of the proxy. The completed, signed and dated Bondholders participation
form must be returned to the relevant central registration bank or to the Company (C/O "Orco Germany S.A., 42, rue
de la Vallée, L-2661 Luxembourg, to Mr. Christophe Le Priol or Mrs. Françoise de Jongh, département juridique") no
later than March 30, 2012, at the latest, in order to have that name recorded on the registration list of the 2012 Bond-
holders Meeting.

Bondholders who have obtained the Bondholders blocking certificate and have executed a Bondholders participation

form but who wish to revoke such proxy may do so at any time by timely delivering a properly executed, later dated
participation form no later than March 30, 2012, at the latest, or by properly attending and voting in person at the 2012
Bondholders Meeting.

Simply attending the 2012 Bondholders Meeting without voting will not revoke the proxy.
(ii) Bondholders whose ownership is directly recorded in the bond registry of the Company.
Bondholders whose ownership is directly recorded in the bond registry of the Company must complete, sign and date

the Bondholders participation form that can be obtained at the registered office of the Company upon request or down-
loaded from the Company's website at www.orcogermany.de or ultimately upon request to the financial intermediaries
or the relevant central registration bank.

The completed, signed and dated Bondholders participation form must be returned to the relevant central registration

3. Request for information and central registration banks
Bondholders looking for more information can do so by:
(i) contacting the Company's services directly:
- At the registered office of the Company- Legal Department
Tel.: +352 26 47 67 1
Fax.: +352 26 47 67 67
(ii) contacting one of the central registration banks :
- For OG Bonds that are included in the Clearstream Banking or Euroclear Bank system and that are admitted to

trading on the Euro MTF:

BNP Paribas Security Services - Lucie Maiore, Emmanuel Gérard
33 rue Gasperich Howald,
Hesperange L-2085, Luxembourg
Tel: +352 26 96 23 89, +352 26 96 62 445
lux.ostdomiciliees@bnpparibas.com

Luxembourg, March 20, 2012.

The Board of directors of the Company .

Annex A:

PROPOSED TERMS AND CONDITIONS OF THE OG CONVERSION

Subject to compliance with Luxembourg laws, the OG Bonds will be converted for their total nominal amount and

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