Versalis International Societe AnonymeBranch (foreign co.)

Manner of representation

Except in the case of the delegation of powers by the management board in accordance with Article 17 of the articles of association, agreements binding the company may be validly signed exclusively by the President of the Management Board or the Managing Director, each of whom acts independently; under no circumstances are they required to justify to third parties, even public officials, officials maintaining registers and land registers, that they have previously received a resolution of the management board. The management board may entrust the day-to-day management of the company and the representation of the company within the scope of such management to a member who will bear the title “Managing Director” or another title specified in the resolution on appointment. If the day-to-day management is entrusted to a person who is not a member of the management board by means of a special power of attorney, that person bears the title “Director” or “General Director” or another title that may be indicated in the appointment decision. The management board may appoint attorneys-in-fact for special and specific purposes.