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Paris, France, 2012/05/11 - Held in Paris on May 10 under the chairmanship of Jean-Cyril Spinetta, Chairman of the Supervisory Board, The Combined Ordinary and Extraordinary General Meeting of Shareholders approved all 22 resolutions submitted for a vote by the shareholders.
The Combined Ordinary and Extraordinary General Meeting of Shareholders which was held in Paris on May 10, 2012 under the chairmanship of Jean-Cyril Spinetta, Chairman of the Supervisory Board, approved all twenty-two resolutions submitted for a vote by the shareholders, with the exception of the twentieth resolution.
In particular, the Shareholders:
• approved the corporate and consolidated financial statements for the year ended December 31, 2011 and the allocation of earnings in their entirety to retained earnings, entailing the non-payment of a dividend;
• set the amount of directors’ fees at 400,000 euros for fiscal year 2012, a 20% reduction compared with fiscal year 2011;
• amended the company’s by-laws for the purpose of strengthening the Group’s governance, in particular by extending the Supervisory Board’s approval powers prior to Executive Board decisions and by creating an Ethics Committee;
• delegated its authority to the Executive Board to undertake various capital increases, with or without preemptive subscription right, if decided and within a given period of time, under the conditions prescribed by law.
In addition, the Supervisory Board, meeting at the conclusion of the General Meeting, set the composition of the Ethics Committee as follows: Mrs. Sophie Boissard, independent member and Chairman of the Committee, Mrs. Marion Guillou, representing the French State, and a member of the Supervisory Board representing the employees, whose election is to take place on June 19.
The voting results and the complete rebroadcast of the Combined Ordinary and Extraordinary General Meeting of Shareholders are available at areva.com/.
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