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| AUDITORS’ SPECIALREPORTONREGULATEDAGREEMENTS
ANDCOMMITMENTS - YEARENDEDDECEMBER31, 2013
Wehave implementedtheduediligencemeasuresdeemednecessaryfor
thismission as outlinedby France’s national audit regulatory body, the
Compagnienationaledescommissairesauxcomptes.
Agreements and commitments subjected to the General Meeting's
approval
We inform you that we have not been notified of any agreement or
commitment authorized during the period elapsed to be subjected to
theGeneralMeeting'sapprovalaspertheprovisionsofArticleL.225-38of
theCommercialCode.
Agreements and commitments already approved by the General
Meeting.
We inform you that we have not been informed of any agreement
or commitment already approved by the General Meeting whose
implementationwouldhavebeencontinuedduringtheperiodelapsed.
DearShareholders,
In our capacity as auditors of your company, we will now present out
reportonregulatedagreementsandcommitments.
It is for us to let you know, based on the information delivered to us,
theessential features and conditions applicable to theagreements and
commitmentsofwhichwehavebeen informedorwhichwewouldhave
discovered in the context of our assignment,without having to express
ouropinionas to theirusefulnessor their justification,nor to investigate
the existence of other agreements or commitments. It is for you to
assess the relevance involved in theconclusionof theseagreementsand
commitments prior to their approval, as per theprovisions of ArticleR.
225-31oftheCommercialCode,
Besides, it is for us, if applicable, to deliver to you the information
provided for inArticle R. 225-31 of the Commercial Code regarding the
execution,overtheperiodelapsed,oftheagreementsandcommitments
alreadyapprovedbytheGeneralMeeting.
ExincourtandParisLaDéfense,March26,2014
TheAuditors
EXCOCAPAUDIT
Ernst&Youngetautres
PhilippePourcelot
Henri-PierreNavas
130
I LISI FINANCIALREPORT2013
DOCUMENTSSPECIFICTOTHEANNUALGENERALMEETING
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