higher than the interest rate charged by the bank Opinion of the Board of Directors - Audit Committee and / or Directors which ar e different from the Board of Dir ectors' opinion -None- Size of item When

Executive Committee

consolidated financial statements for the second quarter of the year 2018, ended June 30, 2018, that have been accordingly reviewed by the Company’s external auditor and by the Audit Committee at the meeting No

it is useful for the benefit of the Company. Consequently, the Board of Directors approved the said transaction on 14 August 2018. The Audit Committee’s opinion The Audit Committee have no different

consolidated financial statements for the third quarter of the year 2018, ended September 30, 2018, that have been accordingly reviewed by the Company’s external auditor and by the Audit Committee at the meeting

Chairman of the Executive Committee

Committee

consolidated financial statements for the first quarter of the year 2020, ended 31 March 2020, that have been accordingly reviewed by the Company’s external auditor and by the Audit Committee at the meeting No

consolidated financial statements for the third quarter of the year 2019, ended September 30, 2019, that have been accordingly reviewed by the Company’s external auditor and by the Audit Committee at the meeting

committee before the appointment of such custodian. In seeking the consent under the first paragraph, the private fund management company shall explain the connection with the connected person under the first