Delgest S.A.

The company's purpose is to organize and manage cable television networks, in particular, to collect subscription fees on behalf of the owner, to market and rent all electronic product systems, to provide all management and organization services, and to engage in factoring. It may carry out all financial, commercial, industrial, and real estate transactions (except those prohibited by the LFAIE) and conclude all contracts that serve to develop its purpose. The company may grant loans to its shareholders and third parties, act as guarantor for loans subscribed by shareholders or third parties, and guarantee loans by issuing or pledging mortgage securities or by subscribing to other financial commitments.