Annual Shareholders' Meeting

The annual general shareholders’ meeting is held at the registered office of the Company or at the place determined in the notice convening the shareholders’ meeting. The meeting is held every year on the third Wednesday of May at 15:00 hours (Central European Time, GMT+1). If this date is a legal holiday, the meeting is held at the next business day. At the annual shareholders’ meeting, the board of directors submits the audited statutory and consolidated financial statements and the reports of the board of directors and of the statutory auditor with respect thereto to the shareholders.

The shareholders’ meeting then decides on the approval of the statutory financial statements, the proposed allocation of the Company’s profit or loss, the discharge from liability of the directors and the statutory auditor, and, when applicable, the (re-)appointment or resignation of the statutory auditor and/or of all or certain directors.

The next annual general meeting shall be held on Wednesday 16 May 2012 at 3pm at the registered office of the Company, Ieper Business Park, Zone K, Ter Waarde 91, 8900 Ieper, Belgium.