Common use of Disclosure of Interests Clause in Contracts

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao Comissão de Valores Mobiliarios Mobiliários (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. To Notwithstanding any other provision of this Deposit Agreement, each Owner and Beneficial Owner agrees to be bound by and subject to the Memorandum and Articles of Association of the Issuer (to the same extent as if such American Depositary Shares evidenced by such Receipt were the Shares represented by such American Depositary Shares evidenced by such Receipt, provided, however, that such provisions shall apply to such persons only to the extent that feasible), and to provide such information as the Issuer may request in a disclosure notice (a "Disclosure Notice") given pursuant to statutory provisions of English law or governing the Memorandum and Articles of Association. Failure of an Owner or Beneficial Owner to provide in a timely fashion information requested in any Deposited Securities Disclosure Notice may, in the Issuer's sole discretion, result in the withholding of certain rights in respect of such Owner or Beneficial Owner's American Depositary Shares (including voting rights and certain rights as to dividends in respect of the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities represented by such American Depositary Shares). The Depositary agrees to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best reasonable efforts that are reasonable under the circumstances to comply with Company any instructions received from the Issuer requesting that the Depositary take the actions specified therein to obtain such information. In addition, any Owner or Beneficial Owner who is or becomes directly or indirectly interested (within the meaning of Section 208 and 209 of the United Kingdom Companies ▇▇▇ ▇▇▇▇, as amended from time to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios time (the "CVMCompanies Act")), in the issued ordinary share capital of the Issuer equal to or in excess of the then "notifiable interest" (at the date hereof, three percent (3%)) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder or such other amount as may be requested required by the Companies Act, or is aware that another person for whom it holds such authorities from time to timeReceipts is so interested, whether must within two (2) business days (or such other period as may be required by the Companies Act) after becoming so interested or so aware, and thereafter upon any changes of at least one percent (1%) of the outstanding Shares, notify the Issuer as required by the Companies Act. If the Issuer requests information and documents are requested from the Depositary or the Company. In Custodian, as the event that registered owners of Shares, pursuant to the Depositary Memorandum and Articles of Association of the Issuer or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or materialCompanies Act, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails Custodian, as the case may be, shall be limited to appoint a new depositary within 60 days disclosing to the Issuer such information relating to the Shares in question as has in each case been recorded by it pursuant to the terms of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionAgreement.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitationHolders, and Beneficial Owners and Beneficial Owners shall all persons holding ADSs (or any interest therein) agree to comply with all such disclosure requirements and ownership limitations and shall to cooperate with the Depositary in the Depositary's compliance with any Company instructions in respect thereof, and the Depositary will use reasonable efforts to comply with such Company instructions. The Depositary and Notwithstanding any other provision of the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effector this ADR, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") each Holder and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed Beneficial Owner agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Companies Act 1985 (as amended from time to time and including any statutory modification or documents reasonably available only through the Companyre-enactment thereof, the Depositary "Companies Act") or the Articles of Association of the Company within the time period specified in such Disclosure Notice. Each Holder and Beneficial Owner acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the right Companies Act and the Articles of Association which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in receive dividends on and to transfer such Shares. In addition, each Holder and Beneficial Owner agrees to comply with the Deposited Securities held on account or on behalf provisions of Owners the Companies Act with regard to the notification to the Company of interests in Shares, which currently provide, inter alia, that any Holder and Beneficial Owner who is or its nominee becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two business days after becoming so interested or so aware (and (ii) thereafter in certain circumstances upon any change to the extent reasonably requested particulars previously notified) notify the Company as required by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionCompanies Act.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best efforts that are reasonable under the circumstances Holders and all persons holding ADRs agree to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall to cooperate with the Depositary in the Depositary's compliance with any Company instructions in respect thereof, and the Depositary will use reasonable efforts to comply with such Company instructions. The Depositary and Notwithstanding any provision of the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effector of this ADR and without limiting the foregoing, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank by being a Holder of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by an ADR, each such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the Great Britain Companies Act 1985 (as amended from time to time and including any statutory modification or documents reasonably available only through re-enactment thereof, the "Companies Act") or the Articles of Association of the Company. By accepting or holding this ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the Articles of Association which currently include, the Depositary has withdrawal of the right voting rights of such Shares and the imposition of restrictions on the rights to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in receive dividends on and to transfer such Shares. In addition, by accepting or holding this ADR each Holder agrees to comply with the Deposited Securities held on account or on behalf provisions of Owners the Companies Act with regard to the notification to the Company of interests in Shares, which currently provide, inter alia, that any Holder who is or its nominee becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two business days after becoming so interested or so aware (and (ii) thereafter in certain circumstances upon any change to the extent reasonably requested particulars previously notified) notify the Company as required by the Company and not prohibited by applicable lawCompanies Act. After the relevant threshold is exceeded, similar notifications must be made in whole respect of whole percentage figure increases or decreases, rounded down to the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionnearest whole number.

Disclosure of Interests. To the extent that provisions The Issuer may from time to time request Owners of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities Receipts to provide information as to the Company capacity in which such Owners own or owned Receipts and may provide for blocking transfer regarding the identity of any other persons then or previously interested in such Receipts and voting or the nature of such interest and various other rights matters. The Depositary agrees to enforce such disclosure or limit such ownership, the Depositary shall use its best reasonable efforts that are reasonable under the circumstances to comply with Company reasonable written instructions as to Receipts in respect of received from the Issuer requesting that the Depositary forward any such enforcement or limitation, requests to the Owner and Owners and Beneficial Owners shall comply with all to forward to the Issuer any such disclosure requirements and ownership limitations and shall cooperate with responses to such requests received by the Depositary's compliance with such Company instructions. The Each of the Depositary and the Company Issuer hereby confirm confirms to each the other that, that for as long as this the Deposit Agreement is in effect, they it shall furnish to the Comissao de Valores Mobiliarios (the "CVM") CVM and the Central Bank of Brazil Bank, at any time and within the period that may be determined, with any information and documents related to the Receipts American Depositary Share program and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the CompanyReceipts issued thereunder. In the event that the Depositary or the Custodian shall be advised (in writing) writing by reputable independent Brazilian counsel that the Depositary or the Custodian reasonably could be subject to criminal criminal, or material, as reasonably determined by the Depositary, civil liabilities civil, liability as a result of the Company Issuer having failed to provide such information or documents reasonably available only through the CompanyIssuer, the Depositary has shall have the right to immediately resign as terminate the Deposit Agreement, upon at least 30 days’ prior notice to the Owners and the Issuer, and the Depositary and will shall not be subject to any liability hereunder for thereunder on account of such resignation termination or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant Issuer shall be advised in writing by reputable independent Brazilian counsel that the Issuer could be subject to this paragraph either (i) criminal, or material, as reasonably determined by the Company will appoint Issuer, civil, liability as a new depositary, in which case the Company will assume the obligations stated as the obligations result of the Depositary under Section 5.04 herein having failed to provide such information or (ii) if documents reasonably available only through the Company fails Depositary, the Issuer shall have the right to appoint a new depositary within 60 days instruct the Depositary to terminate the Deposit Agreement, upon at least 30 days’ prior notice to the Depositary, and the Issuer shall not be subject to any liability thereunder on account of such resignation, this termination or such determination. The effect of any such termination of the Deposit Agreement shall be terminated as provided in accordance Section 6.02. Notwithstanding any other provision of the Deposit Agreement, each Owner agrees to comply with Section 6.02 herein requests from the Issuer pursuant to Brazilian law, the rules of the Brazilian Stock Exchange, and any other stock exchange on which the Shares are, or will be, registered, traded or listed or the Estatuto of the Issuer, which are made to provide information, inter alia, as to the capacity in which such Owner owns Receipts (and Shares, as the case may be) and regarding the identity of any other person interested in such Receipts and the Company or its designated agent will assume the obligations stated as the obligations nature of such interest, and the Depositary in agrees to use its reasonable efforts to comply with written instructions received from the Issuer requesting that the Depositary forward any such sectionrequest from the Issuer to the Owners and to forward to the Issuer any such responses to such requests received by the Depositary, to the extent that disclosure is permitted by applicable law.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of of, or interests in, Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners Holders and Beneficial Owners shall agree to comply with all such disclosure requirements and ownership limitations and shall cooperate to comply with any reasonable Company instructions in respect thereof. The Company reserves the right to instruct Holders (and through any such Holder, the Beneficial Owners of ADSs evidenced by the ADRs registered in such Holder's name) to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Depositary's compliance Holder and/or Beneficial Owner thereof as a holder of Shares and Holders and Beneficial Owners agree to comply with such Company instructions. The Depositary agrees to cooperate with the Company in its efforts to inform Holders of the Company's exercise of its rights under this paragraph and agrees to consult with, and provide reasonable assistance without risk, liability or expense on the part of the Depositary, to the Company on the manner or manners in which it may enforce such rights with respect to any Holder, provided, however, for the avoidance of doubt, the Depositary shall be indemnified by the Company in connection with the foregoing. Notwithstanding any other provision hereof, each Holder and Beneficial Owner agrees to comply with requests from the Company pursuant to the laws, rules and regulations of the Cayman Islands, Singapore and the Company hereby confirm Republic of China as well as the rules and regulations of any stock exchange on which the Shares may hereinafter be registered, traded or listed, if any, to each other thatprovide information, for inter alia, as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios capacity in which such Holder or Beneficial Owner owns ADSs (and Shares as the "CVM"case may be) and regarding the Central Bank identity of Brazil any other person interested in such ADSs and the nature of such interest, and the Depositary agrees to mail to Holders reasonable requests prepared by and from the Company with respect to requests for such information and documents related and, to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined extent a response is received by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners forward to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the any such responses. The Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its no further obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionparagraph.

Disclosure of Interests. To Notwithstanding any other provision of this Deposit Agreement, each Owner and Beneficial Owner agrees to be bound by and subject to the Articles (to the same extent as if such American Depositary Shares evidenced by such Receipt were the Shares represented by such American Depositary Shares evidenced by such Receipt, provided, however, that such provisions shall apply to such persons only to the extent that feasible), and to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to statutory provisions of English law or governing the Articles. Failure of an Owner or Beneficial Owner to provide in a timely fashion the information requested in any Deposited Securities (including Disclosure Notice may, in the Company's Charter sole discretion, result in the withholding of certain rights in respect of such Owner or applicable law) may require Beneficial Owner's American Depositary Shares (including voting rights and certain rights as to dividends in respect of the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities represented by such American Depositary Shares). The Depositary agrees to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best reasonable efforts that are reasonable under the circumstances to comply with Company any instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and received from the Company hereby confirm requesting that the Depositary take the actions specified therein to each other thatobtain such information. In addition, for any Owner or Beneficial Owner who is or becomes directly or indirectly interested (within the meaning of the Companies Act of 1985, as long as this Deposit Agreement is in effect, they shall furnish amended from time to the Comissao de Valores Mobiliarios time (the "CVMCompanies Act")), in the issued ordinary share capital of the Company equal to or in excess of the then "notifiable percentage" (at the date hereof, three percent (3%)) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder or such other amount as may be requested required by the Companies Act, or is aware that another person for whom it holds such authorities from time to timeReceipts is so interested, whether must within two (2) business days (or such other period as may be required by the Companies Act) after becoming so interested or so aware, and thereafter upon any changes of at least one percent (1%) of the outstanding Shares, notify the Company as required by the Companies Act. If the Company requests information and documents are requested from the Depositary or the Company. In Custodian, as the event that registered owners of Shares, pursuant to the Depositary Articles or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or materialCompanies Act, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Custodian, as the case may be, shall be limited to disclosing to the Company fails such information relating to appoint a new depositary within 60 days the Shares in question as has in each case been recorded by it pursuant to the terms of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionAgreement.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitationHolders, and Beneficial Owners and Beneficial Owners shall all persons holding ADSs (or any interest therein) agree to comply with all such disclosure requirements and ownership limitations and shall to cooperate with the Depositary in the Depositary's compliance with any Company instructions in respect thereof, and the Depositary will use reasonable efforts to comply with such Company instructions. The Depositary and Notwithstanding any other provision of the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effector this ADR, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") each Holder and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed Beneficial Owner agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to Article 10 of the Bylaws within the time period specified in such Disclosure Notice. Each Holder and Beneficial Owner acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or documents reasonably available only through was, or appears to be or has been, interested as provided in the Bylaws which currently include, the withdrawal of the voting rights and the political rights, including, but not limited to the right to attend and speak at shareholder meetings, of such Shares Additionally, by holding an ADR or an interest therein, each Holder and Beneficial Owner of ADRs and/or ADSs acknowledges and agrees (i) that each ADR, and the terms upon which it is held by such Holders and Beneficial Owners, is subject to the corporate bylaws of the Company (the "Bylaws"), (ii) that (except as otherwise provided in the Bylaws) such Holder's ADRs represent an interest in CDIs which represent an interest in the Shares underlying such ADSs evidenced by ADRs, (iii) that so long as the Bylaws provide a means by which the Company may, in accordance with the Bylaws, limit the interests that Relevant Non-EU Persons (as defined in the Bylaws and including, without limitation, non EU nationals) may have in such relevant share capital (the "Foreign Interest Limitation"), such Holder and Beneficial Owner will be bound by the Foreign Interest Limitation and the Company's directors have a duty to take action in certain circumstances and in accordance with the Bylaws to enforce the Foreign Interest Limitation against such Holder and Beneficial Owner (including, without limitation, making provision for the suspension of the right of such Holder and Beneficial Owner to direct the voting of, and other political rights attaching to, the Shares underlying such Holder's and Beneficial Owner's ADRs and the forced acquisition of all or part of such Shares if a sufficient disposal or disposals of or of interests in such Shares has not been made to the Company's directors' satisfaction within 10 Business Days (as defined in the Bylaws) (or such longer period as the Company's directors consider reasonable) after service upon the Depositary or its nominee of a notice requiring such disposal) or against other Holders, Beneficial Owners or holders of Shares or the CDIs in respect of such Shares and (iv) that such Holder, to the extent it may legally do so, will provide such information as lies in its knowledge that is requested by the Company under the Bylaws, which requests may seek any information which the Company deems necessary or desirable in order to determine whether any shares are Relevant Non-EU Shares (as defined in the Bylaws) and which may include, among other things, information as to the capacity in which such Holder or Beneficial Owner holds ADRs and the nature and extent of the interests of such Holder or Beneficial Owner or other persons in the Shares underlying such Holders' ADRs. The Company reserves the right to instruct Holders and Beneficial Owners to deliver their ADSs for cancellation and withdrawal of the Deposited Securities within five Business Days of the request therefor so as to permit the Company to deal directly with the Holder and/or Beneficial Owner thereof as a holder of Deposited Securities and all Holders and Beneficial Owners agree to comply with such instructions. To the extent a Holder or Beneficial Owner fails to timely comply with the Company's request, the Company may take any and all actions necessary to force the Holder and/or Beneficial Owner to comply with the Company's instructions. Each Holder and Beneficial Owner agrees to indemnify the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable lawDepositary, the Depositary shall provide Custodian and any of their respective directors, employees, agents and affiliates against, and hold each of them harmless from, any loss, liability or expense (including any and all fees and expenses of legal counsels), that may arise out of or in connection with the Company Company's enforcement of its rights under this paragraph (6) and the Holder's or Beneficial Owner's failure to comply with any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from and all of its obligations under this the Deposit Agreement. In , the event that ADRs, the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations ADSs and any of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionthem.

Disclosure of Interests. To Notwithstanding any other provision of the Deposit Agreement and this Receipt, each Owner and Beneficial Owner agrees to be bound by and subject to the Articles (to the same extent as if such American Depositary Shares evidenced by such Receipt were the Shares represented by such American Depositary Shares evidenced by such Receipt, provided, however, that such provisions shall apply to such persons only to the extent that feasible), and to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to statutory provisions of English law or governing the Articles. Failure of an Owner or Beneficial Owner to provide in a timely fashion the information requested in any Deposited Securities (including Disclosure Notice may, in the Company's Charter sole discretion, result in the withholding of certain rights in respect of such Owner or applicable law) may require Beneficial Owner's American Depositary Shares (including voting rights and certain rights as to dividends in respect of the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities represented by such American Depositary Shares). The Depositary agrees to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best reasonable efforts that are reasonable under the circumstances to comply with Company any instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and received from the Company hereby confirm requesting that the Depositary take the actions specified therein to each other thatobtain such information. In addition, for any Owner or Beneficial Owner who is or becomes directly or indirectly interested (within the meaning of the Companies Act of 1985, as long as this Deposit Agreement is in effect, they shall furnish amended from time to the Comissao de Valores Mobiliarios time (the "CVMCompanies Act")), in the issued ordinary share capital of the Company equal to or in excess of the then "notifiable percentage" (at the date hereof, three percent (3%)) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder or such other amount as may be requested required by the Companies Act, or is aware that another person for whom it holds such authorities from time to timeReceipts is so interested, whether must within two (2) business days (or such other period as may be required by the Companies Act) after becoming so interested or so aware, and thereafter upon any changes of at least one percent (1%) of the outstanding Shares, notify the Company as required by the Companies Act. If the Company requests information and documents are requested from the Depositary or the Company. In Custodian, as the event that registered owners of Shares, pursuant to the Depositary Articles or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or materialCompanies Act, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Custodian, as the case may be, shall be limited to disclosing to the Company fails such information relating to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated the Shares in accordance with Section 6.02 herein and question as has in each case been recorded by it pursuant to the Company or its designated agent will assume the obligations stated as the obligations terms of the Depositary in such sectionDeposit Agreement.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or ’s Memorandum and Articles of Association, and applicable English law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer transfers and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and all Owners and Beneficial Owners of Receipts shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's Depositary in its compliance with such any Company instructionsinstructions relating to those requirements and limits. The Depositary Each Owner and Beneficial Owner shall provide information that the Company hereby confirm to each other that, for as long as this Deposit Agreement is may request in effect, they shall furnish a disclosure notice (a “Disclosure Notice”) given pursuant to the Comissao de Valores Mobiliarios United Kingdom Companies ▇▇▇ ▇▇▇▇ (that Act, as amended and including any statutory re-enactment of that Act, the "CVM"“Companies Act”) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result Memorandum of Association of the Company having failed within the time period specified in that Disclosure Notice as if interests in Shares includes interests in Deposited Securities. In addition, each Owner and Beneficial Owners shall comply with the provisions of the Companies Act with regard to provide such information or documents reasonably available only through notifying the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that Company of (i) the Depositary shall promptly, but interests in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee Shares and (ii) interests in Deposited Securities as if references in section 793 of the Companies Act were to such Deposited Securities as well as to Shares. As of the date of the Deposit Agreement, the Companies Act requires that any person that is or becomes directly or indirectly interested (within the meaning of the Companies Act) in three percent or more of the outstanding Shares, or is aware that another person for whom that person holds Shares is so interested, must, within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the extent reasonably requested particulars previously notified), notify the Company as required by the Company Companies Act , and not prohibited by applicable lawfor the purposes of this Agreement, the Depositary Company shall provide further require that any person that is or becomes directly or indirectly interested (within the meaning of the Companies Act) in Deposited Securities representing three percent or more of the outstanding Shares, or is aware that another person for whom that person holds Deposited Securities is so interested, must, within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified), notify the Company or any successor depositary hereunder with access, during normal business hours, as if references in section 793 of the Companies Act were to such records Deposited Securities as may be reasonably necessary well as to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionShares.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best efforts that are reasonable under the circumstances Holders and all persons holding ADRs agree to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate to comply with any reasonable Company instructions in respect thereof. The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Depositary's compliance Holder thereof as a holder of Shares and Holders agree to comply with such Company instructions. The Depositary and agrees to cooperate with the Company hereby confirm in its efforts to each inform Holders of the Company's exercise of its rights under this paragraph and agrees to consult with, and provide reasonable assistance without risk, liability or expense on the part of the Depositary, to the Company on the manner or manners in which it may enforce such rights with respect to any Holder. Notwithstanding any other that, for as long as this provision of the Deposit Agreement is in effector of this ADR, they shall furnish by being a Holder of an ADR each such Holder agrees to comply with notices served on it or him by the Comissao de Valores Mobiliarios Company pursuant to Section 672 A and B of the Corporations Act of 2001 (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder Australia), as may be requested by such authorities amended from time to time, whether or otherwise to provide information required by such notices (which is effectively information as to the interests of the Holder in the Shares underlying the relevant ADRs and documents are requested regarding the identity of any other person interested in such ADRs and the nature of such interest). The Depositary agrees to use its reasonable efforts to forward, upon the written request and expense of the Company, any such written request from the Depositary or Company to the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject Holders of ADRs and to criminal or materialforward, as reasonably determined promptly as practicable, to the Company any such responses to such requests received by the Depositary. For purposes of this paragraph (6) only, civil liabilities as each Holder of an ADR agrees that it will be deemed to be a result holder of Shares rather than ADRs, and that Sections 671 A and B and 672 A and B of the Company having failed Corporations Act of 2001 (Australia) shall be applicable to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign it as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness it was a holder of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionShares.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's '’s Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's '’s compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao Comissão de Valores Mobiliarios Mobiliários (the "“CVM"”) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's '’s obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or ’s Memorandum and Articles of Association, and applicable English law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer transfers and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and all Owners and Beneficial Owners of Receipts shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's Depositary in its compliance with such any Company instructionsinstructions relating to those requirements and limits. The Depositary Each Owner and Beneficial Owner shall provide information that the Company hereby confirm to each other that, for as long as this Deposit Agreement is may request in effect, they shall furnish a disclosure notice (a “Disclosure Notice”) given pursuant to the Comissao de Valores Mobiliarios United Kingdom Companies ▇▇▇ ▇▇▇▇ (that Act, as amended and including any statutory re-enactment of that Act, the "CVM"“Companies Act”) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result Memorandum of Association of the Company having failed within the time period specified in that Disclosure Notice as if interests in Shares includes interests in Deposited Securities. In addition, each Owner and Beneficial Owners shall comply with the provisions of the Companies Act with regard to provide such information or documents reasonably available only through notifying the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that Company of (i) the Depositary shall promptly, but interests in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee Shares and (ii) interests in Deposited Securities as if references in section 793 of the Companies Act were to such Deposited Securities as well as to Shares. As of the date of the Deposit Agreement, the Companies Act requires that any person that is or becomes directly or indirectly interested (within the meaning of the Companies Act) in three percent or more of the outstanding Shares, or is aware that another person for whom that person holds Shares is so interested, must, within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the extent reasonably requested particulars previously notified), notify the Company as required by the Company Companies Act, and not prohibited by applicable lawfor the purposes of this Agreement, the Depositary Company shall provide further require that any person that is or becomes directly or indirectly interested (within the meaning of the Companies Act) in Deposited Securities representing three percent or more of the outstanding Shares, or is aware that another person for whom that person holds Deposited Securities is so interested, must, within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified), notify the Company or any successor depositary hereunder with access, during normal business hours, as if references in section 793 of the Companies Act were to such records Deposited Securities as may be reasonably necessary well as to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionShares.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's ’s Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's ’s compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao Comissão de Valores Mobiliarios Mobiliários (the "“CVM"”) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's ’s obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the The Company and maythe Depositary may from time to time request Owners, former Owners, Beneficial Owners or former Beneficial Owners to provide for blocking transfer and voting votinginformation as to the capacity in which they own or other rights to enforce enforceowned Receipts or own or owned such disclosure or limit limitbeneficial interest and regarding the identity of any other persons then or previously interested in such ownership, the Depositary shall use its best efforts that are areReceipts and the nature of such interest and various other matters. Each such Owner or Beneficial Owner agrees to provide any such information requested by the Company or the Depositary pursuant to this Section. The Depositary agrees to use its reasonable under the circumstances to efforts to comply with Company the reasonable and practicable written instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with suchfrom the Company instructions.requesting that the Depositary forward any such requests to the Owners or Beneficial Owners and forward to the Company instructionsany such responses to such requests received by the Depositary. The Each of the Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao ComissãoCommisão de Valores Mobiliarios Mobiliários (the theof "CVM") CVM")Brazil and the Banco Central Bank of ofdo Brazil any information and documents related to the Receipts and the Depositary's '’s obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal criminal, or material, as reasonably determined by the Depositary, civil civil, liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has hasshall have the right to immediately resign as asterminate this Deposit Agreement, upon at least 15 days’ prior notice to the Owners and the Company, and the Depositary and will willshall not be subject to any liability hereunder for foron account of such resignation resignationtermination or such determination, except that (i) the Depositary Depositary. The effect of any such termination of this Deposit Agreement shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records bybe as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, provided in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section6.02.

Disclosure of Interests. (a) The Company and the Depositary may from time to time request Owners to provide information as to the capacity in which such Owners own or owned Receipts and regarding the identity of any other persons then or previously interested in such Receipts and the nature of such interest and various other matters. Each Owner agrees to provide any information requested by the Company or the Depositary pursuant to this Section 3.04. The Depositary agrees to comply with reasonable written instructions received from the Company requesting that the Depositary forward any such requests to the Owners and to forward to the Company any such responses to such requests received by the Depositary. (b) To the extent that provisions of or governing any Deposited Securities (including Securities, the Company's Charter Statute or applicable law) law may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares Securities and other securities to the Company and may provide for blocking of Owners' transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that which are reasonable under the circumstances and practicable in order to comply with Company instructions as to Receipts in respect of any such enforcement or of limitation, and . Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such instructions and by their holding of Receipts or interests therein are deemed to consent to any such limitation or blocking of rights. (c) In addition to any other notification requirements applicable under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which acquires, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 5% or more or 10% or more of the total voting equity securities of the Company instructionsshall provide written notification of such fact to the Depositary (which notice shall specify its name and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner) within two (2) days of such acquisition of 5% or more or 10% or more, as the case may be, of such voting equity securities. The Depositary shall forward as promptly as practicable such notice as it receives to the Company, and the Company hereby confirm to each other that, for shall immediately forward such notice as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested it receives from the Depositary to the Polish Office for the Protection of Competition and Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such acquisition. (d) In addition to any other notification requirements under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which holds, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 10% or more of the total voting equity securities of the Company shall provide written notification to the Depositary of any change in the number of voting equity securities held directly or indirectly by such Owner or Beneficial Owner to the extent that such change is by an amount equal to 2% or more of the total voting equity securities of the Company. In Such notice shall specify the event that name of such Owner or Beneficial Owner and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner and shall be made within two (2) days of such change. The Depositary shall forward as promptly as practicable such notice as it receives to the Company, and the Company shall immediately forward such notice as it receives from the Depositary to the Polish Office for the Protection of Competition and Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such change in the number of voting equity securities held. (e) After the Warsaw Listing Date, in addition to any other notification requirements under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which holds, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 5% or more or 10% or more of the Custodian total voting equity securities of the Company shall be advised (in writing) by reputable independent Brazilian counsel that provide written notification to the Depositary of any transfer or Custodian reasonably could be subject other disposal of Shares held directly or indirectly by such Owner or Beneficial Owner to criminal or materialthe extent that, as reasonably determined by the Depositary, civil liabilities as a result of such disposition, the Company having failed Owner will hold less than 5% or less than 10%, respectively, of the total voting equity securities of the Company. Such notice shall specify the name of such Owner or Beneficial Owner and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner and shall be made within two (2) days of such disposition. The Depositary shall forward as promptly as practicable such notice as it receives to provide such information or documents reasonably available only through the Company, and the Company shall immediately forward such notice as it receives from the Depositary has to the right to immediately resign as Depositary Polish Office for the Protection of Competition and will not be subject Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such change in the number of voting equity securities held. (f) After the Warsaw Listing Date, in addition to any liability hereunder for other notification requirements applicable under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which acquires, directly through its ownership of Shares or indirectly through its ownership of Receipts or otherwise, which intends to acquire 25%, 33% or 50% or more of the total voting equity securities of the Company shall provide written notification of such resignation or such determination, except that (i) fact to the Depositary (which notice shall promptly, but in no event later than three business days, if permitted specify its name and the number of Receipts held directly or indirectly by applicable law, duly assign, transfer and deliver all right, title and interest in and such Owner or Beneficial Owner prior to the Deposited Securities held on account or on behalf of Owners such acquisition). The Depositary shall forward such notice to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated soon as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein practicable after receipt and the Company or its designated agent will assume the obligations stated as the obligations of shall promptly forward such notice from the Depositary in to the Polish Commission. Such Owner or Beneficial Owner shall not make any such sectionacquisition if the Polish Commission issues an order prohibiting the acquisition of such securities.

Disclosure of Interests. To Notwithstanding any other provision of the Deposit Agreement, each Owner and Beneficial Owner agrees to be bound by and subject to the Memorandum and Articles of Association of the Company (to the same extent as if such American Depositary Shares evidenced by such Receipt were the Shares represented by such American Depositary Shares evidenced by such Receipt, provided, however, that such provisions shall apply to such persons only to the extent that feasible), and to provide such information as the Company may request in a disclosure notice (a Disclosure Notice) given pursuant to statutory provisions of English law or governing the Memorandum and Articles of Association. Failure of an Owner or Beneficial Owner to provide in a timely fashion information requested in any Deposited Securities Disclosure Notice may, in the Companys sole discretion, result in the withholding of certain rights in respect of such Owner or Beneficial Owners American Depositary Shares (including voting rights and certain rights as to dividends in respect of the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities represented by such American Depositary Shares). The Depositary agrees to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best reasonable efforts that are reasonable under the circumstances to comply with Company any instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and received from the Company hereby confirm requesting that the Depositary take the actions specified therein to each other thatobtain such information. In addition, for any Owner or Beneficial Owner who is or becomes directly or indirectly interested (within the meaning of Section 208 and 209 of the United Kingdom Companies Act 1985, as long as this Deposit Agreement is in effect, they shall furnish amended from time to the Comissao de Valores Mobiliarios time (the "CVM"Companies Act)), in the issued ordinary share capital of the Company equal to or in excess of the then notifiable interest (at the date hereof, three percent (3%)) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder or such other amount as may be requested required by the Companies Act, or is aware that another person for whom it holds such authorities from time to timeReceipts is so interested, whether must within two (2) business days (or such other period as may be required by the Companies Act) after becoming so interested or so aware, and thereafter upon any changes of at least one percent (1%) of the outstanding Shares, notify the Company as required by the Companies Act. If the Company requests information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or materialCustodian, as reasonably determined by the Depositaryregistered owners of Shares, civil liabilities as a result pursuant to the Memorandum and Articles of Association of the Company having failed to provide such information or documents reasonably available only through the CompanyCompanies Act, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Custodian, as the case may be, shall be limited to disclosing to the Company fails such information relating to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated the Shares in accordance with Section 6.02 herein and question as has in each case been recorded by it pursuant to the Company or its designated agent will assume the obligations stated as the obligations terms of the Depositary in such sectionDeposit Agreement.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter Bye-laws or applicable UK or Bermudian law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners of Receipts shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's Depositary in its compliance with such any Company instructionsinstructions relating to those requirements and limits. The Depositary Each Owner and Beneficial Owner shall provide information the Company hereby confirm to each other that, for as long as this Deposit Agreement is may request in effect, they shall furnish a disclosure notice (a "Disclosure Notice") given pursuant to the Comissao de Valores Mobiliarios United Kingdom Companies Act 1985 (that Act, as amended and including any statutory re-enactment ▇▇ ▇▇▇▇ Act, the "CVMCompanies Act") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result Bye-laws of the Company having failed within the time period specified in that Disclosure Notice. In addition, each Owner and Beneficial Owner shall comply with the provisions of the Companies Act with regard to provide such information notifying the Company of interests in Shares. As of the date of the Deposit Agreement, failure to comply with a Disclosure Notice could result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or documents reasonably available only through was, or appears to be or has been, interested as provided in the Companies Act and the Bye-laws of the Company, including the Depositary has withdrawal of the right voting rights of those Shares and the imposition of restrictions on the rights to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in receive dividends and to transfer those Shares. As of the Deposited Securities held on account date of the Deposit Agreement, the Companies Act required that any person that is or on behalf becomes directly or indirectly interested (within the meaning of Owners the Companies Act) in three percent or more of the outstanding Shares, or is aware that another person for whom that person holds Shares is so interested must, within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified), notify the Company or its nominee and (ii) to the extent reasonably requested as required by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionCompanies Act.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best efforts that are reasonable under the circumstances Holders and all persons holding ADRs agree to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall to cooperate with the Depositary in the Depositary's compliance with any Company instructions in respect thereof, and the Depositary will use reasonable efforts to comply with such Company instructions. The Depositary and Notwithstanding any provision of the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effector of this ADR and without limiting the foregoing, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank by being a Holder of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by an ADR, each such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the UK Companies ▇▇▇ ▇▇▇▇ (as amended from time to time and including any statutory modification or documents reasonably available only through the Companyre-enactment thereof, the Depositary "Companies Act") or the Articles of Association of the Company to provide information as to the capacity in which such Holder owns ADRs, the identity of any other person interested (as defined in the Companies Act) in such ADRs and the nature and extent of such interest and any other information required by the request. By accepting or holding this ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the right Companies Act and the Articles of Association. These sanctions currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in receive dividends on and to transfer such Shares. In addition, by accepting or holding this ADR each Holder agrees to comply with the Deposited Securities held on account or on behalf provisions of Owners the Companies Act with regard to the notification to the Company of interests in Shares, which currently provide, inter alia, that any Holder who is or its nominee becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two days after becoming so interested or so aware (and (ii) thereafter in certain circumstances upon any change to the extent reasonably requested particulars previously notified) notify the Company as required by the Company and not prohibited by applicable lawCompanies Act. After the relevant threshold is exceeded, similar notifications must be made in whole respect of whole percentage figure increases or decreases, rounded down to the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionnearest whole number.

Disclosure of Interests. To the extent that provisions of or ----------------------- governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios Mobiliari (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. To Notwithstanding any other provision of this Receipt, the Owner and Beneficial Owner hereof agrees to comply with requests from the Issuer which are made under statutory provisions in the United Kingdom to provide information as to the capacity in which such Owner or Beneficial Owner owns this Receipt and regarding the identity of any other person interested in this Receipt and the nature of such interest and may, pursuant to such statutory provisions and any provisions of the Memorandum and Articles of Association of the Issuer, forfeit the right to vote and to direct the voting of, and be prohibited from transferring, this Receipt if compliance is not made, all as if this Receipt were to the extent that provisions of or governing any Deposited Securities (including practicable the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities represented hereby. The Depositary agrees to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company any instructions received from the Issuer requesting that the Depositary take the reasonable actions specified therein to obtain such information, except when the Depositary is notified by the Issuer that such action is prohibited by applicable law. In addition, any Owner or Beneficial Owner who is or becomes directly or indirectly interested (for the purposes of the Disclosure and Transparency Rules of the United Kingdom Financial Conduct Authority (or any successor), as amended from time to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios time (the "CVM"“Disclosure and Transparency Rules”)), in the issued ordinary share capital of the Issuer equal to or in excess of the then “notifiable percentage” (at the date hereof, three percent (3%)) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder or such other amount as may be requested required by the Disclosure and Transparency Rules, or is aware that another person for whom it holds such authorities from time to timeReceipts is so interested, whether must within two (2) business days (or such other period as may be required by the Disclosure and Transparency Rules) after becoming so interested or so aware, and thereafter upon any changes of at least one percent (1%) of the outstanding Shares, notify the Issuer as required by the Disclosure and Transparency Rules. If the Issuer requests information and documents are requested from the Depositary or the Company. In Custodian, as the event that registered owners of Shares, pursuant to the Depositary Memorandum and Articles of Association of the Issuer, the Disclosure and Transparency Rules or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or materialUK Companies A▇▇ ▇▇▇▇, as reasonably determined by amended from time to time (the Depositary“Companies Act”), civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignationCustodian, this Deposit Agreement as the case may be, shall be terminated limited to disclosing to the Issuer such information relating to the Shares in accordance with Section 6.02 herein and question as has in each case been recorded by it pursuant to the Company or its designated agent will assume the obligations stated as the obligations terms of the Depositary in such sectionDeposit Agreement.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter ’s Estatuto Social or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and or other securities to the Company and may provide for blocking transfer and blocking, transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best reasonable efforts that are to comply, to the extent permitted by applicable law, with reasonable under written instructions it receives from the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement those requirements or limitation, and limitations. Owners and Beneficial Owners shall agree to comply with all such disclosure requirements and ownership limitations and shall to cooperate with the Depositary in the Depositary's ’s compliance with such any Company instructionsinstructions in respect thereof. The Each of the Depositary and the Company hereby confirm confirms to each the other that, that for as long as this the Deposit Agreement is in effect, they it shall furnish to the Comissao Comissāo de Valores Mobiliarios Mobiliários (the "“CVM"”) and the Central Bank of Brazil Brazil, at any time and within the period that may be determined, with any information and documents related to the Receipts approved American Depositary Receipt program and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the CompanyReceipts issued hereunder. In the event that the Depositary or the Custodian shall be advised (in writing) writing by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has shall have the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation resignation, the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns Resignation pursuant to this paragraph either (i) the Company will appoint a new depositary, shall be effected in which case the Company will assume the obligations stated as the obligations of the Depositary under accordance with Section 5.04 herein or (ii) 5.4; provided that if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 6.2 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) The Bank from time to time may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities request Holders to provide information as to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownershipcapacity in which they own Receipts, the Depositary shall use its best efforts that are reasonable under the circumstances nature and extent of such ownership and certain other matters. Notwithstanding any other provision of this Deposit Agreement, each Holder agrees to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested requests made by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In Bank, which are made pursuant to this Section to disclose, among other things, whether he is the event beneficial owner of the American Depositary Shares of which he is the registered holder and, if he is not the beneficial owner of any or all of such American Depositary Shares, to disclose and specify every person in trust for whom or on whose behalf the Holder holds the same Where any Holder has been required to make such disclosure and has failed to do so within 30 days after being required to do so, the Holders agree that the Bank may prohibit such Holder from attending, or exercising voting power, either personally or by proxy, over the Ordinary Stock underlying the American Depositary or Shares held by such Holder in respect of which such request for disclosure was made (the Custodian shall be advised (“Default Shares” which expression includes any further American Depositary Shares which are issued in writingrespect of such Default Shares) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result at any General Court of the Company having failed Bank or to provide exercise any other rights conferred by membership in relation to General Courts of the Bank unless and until he has made such information or documents reasonably available only through the Companydisclosure and, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for if such resignation Default Shares represent at least five percent (5%) (or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records other percentage as may be reasonably necessary to enable determined under the Company provisions of Section 70 of the Companies Act 1990) of the Ordinary Stock then in issue, the Bank may retain any dividends (or part thereof) or any moneys otherwise payable on the Ordinary Stock underlying such successor depositary to fulfill the obligations that Default Shares and the Depositary would have had hereunder but for such resignation. Upon effectiveness may, and at the request of the Bank shall, not register any transfer of such resignation Default Shares. The Depositary agrees to forward to the Depositary shall otherwise be discharged Holder any such requests received from all of the Bank and to use its obligations reasonable best efforts to take any other reasonable and practicable actions specified by the Bank to obtain such information and to effect the limitations described in the previous sentence There are no restrictions under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations Charter and Bye-Laws of the Depositary Bank or under Section 5.04 herein Irish law, as currently in effect, which limit the right of non-Irish resident holders of Shares to hold, or (ii) if the Company fails freely to appoint a new depositary within 60 days of such resignationvote, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionShares.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter Companys Estatuto Social or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and or other securities to the Company and may provide for blocking transfer and blocking, transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best reasonable efforts that are to comply, to the extent permitted by applicable law, with reasonable under written instructions it receives from the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement those requirements or limitation, and limitations. Owners and Beneficial Owners shall agree to comply with all such disclosure requirements and ownership limitations and shall to cooperate with the Depositary's Depositary in the Depositarys compliance with such any Company instructionsinstructions in respect thereof. The Each of the Depositary and the Company hereby confirm to each other that, that for as long as this the Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil Brazil, at any time and within the period that may be determined, with any information and documents related to the Receipts approved American Depositary Receipt program and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the CompanyReceipts issued thereunder. In the event that the Depositary or the Custodian shall be advised (in writing) writing by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has shall have the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation resignation, the Depositary shall otherwise be discharged from all of its obligations under this the Deposit Agreement. In the event that the Depositary resigns Resignation pursuant to this paragraph either (i) the Company will appoint a new depositary, shall be effected in which case the Company will assume the obligations stated as the obligations accordance with Section 5.4 of the Depositary under Section 5.04 herein or (ii) Deposit Agreement; provided that if the Company fails to appoint a new depositary within 60 days of such resignation, this the Deposit Agreement shall be terminated in accordance with Section 6.02 herein 6.2 of the Deposit Agreement and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. (a) The Company and the Depositary may from time to time request Owners to provide information as to the capacity in which such Owners own or owned Receipts and regarding the identity of any other persons then or previously interested in such Receipts and the nature of such interest and various other matters. Each Owner agrees to provide any information requested by the Company or the Depositary pursuant to this Section 3.04. The Depositary agrees to comply with reasonable written instructions received from the Company requesting that the Depositary forward any such requests to the Owners and to forward to the Company any such responses to such requests received by the Depositary. (b) To the extent that provisions of or governing any Deposited Securities (including Securities, the Company's Charter Statute or applicable law) law may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares Securities and other securities to the Company and may provide for blocking of Owners’ transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that which are reasonable under the circumstances and practicable in order to comply with Company instructions as to Receipts in respect of any such enforcement or of limitation, and . Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's ’s compliance with such instructions and by their holding of Receipts or interests therein are deemed to consent to any such limitation or blocking of rights. (c) In addition to any other notification requirements applicable under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which acquires, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 5% or more or 10% or more of the total voting equity securities of the Company instructionsshall provide written notification of such fact to the Depositary (which notice shall specify its name and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner) within two (2) days of such acquisition of 5% or more or 10% or more, as the case may be, of such voting equity securities. The Depositary shall forward as promptly as practicable such notice as it receives to the Company, and the Company hereby confirm to each other that, for shall immediately forward such notice as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested it receives from the Depositary to the Polish Office for the Protection of Competition and Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such acquisition. (d) In addition to any other notification requirements under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which holds, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 10% or more of the total voting equity securities of the Company shall provide written notification to the Depositary of any change in the number of voting equity securities held directly or indirectly by such Owner or Beneficial Owner to the extent that such change is by an amount equal to 2% or more of the total voting equity securities of the Company. In Such notice shall specify the event that name of such Owner or Beneficial Owner and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner and shall be made within two (2) days of such change. The Depositary shall forward as promptly as practicable such notice as it receives to the Company, and the Company shall immediately forward such notice as it receives from the Depositary to the Polish Office for the Protection of Competition and Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such change in the number of voting equity securities held. (e) After the Warsaw Listing Date, in addition to any other notification requirements under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which holds, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 5% or more or 10% or more of the Custodian total voting equity securities of the Company shall be advised (in writing) by reputable independent Brazilian counsel that provide written notification to the Depositary of any transfer or Custodian reasonably could be subject other disposal of Shares held directly or indirectly by such Owner or Beneficial Owner to criminal or materialthe extent that, as reasonably determined by the Depositary, civil liabilities as a result of such disposition, the Company having failed Owner will hold less than 5% or less than 10%, respectively, of the total voting equity securities of the Company. Such notice shall specify the name of such Owner or Beneficial Owner and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner and shall be made within two (2) days of such disposition. The Depositary shall forward as promptly as practicable such notice as it receives to provide such information or documents reasonably available only through the Company, and the Company shall immediately forward such notice as it receives from the Depositary has to the right to immediately resign as Depositary Polish Office for the Protection of Competition and will not be subject Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such change in the number of voting equity securities held. (f) After the Warsaw Listing Date, in addition to any liability hereunder for other notification requirements applicable under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which acquires, directly through its ownership of Shares or indirectly through its ownership of Receipts or otherwise, which intends to acquire 25%, 33% or 50% or more of the total voting equity securities of the Company shall provide written notification of such resignation or such determination, except that (i) fact to the Depositary (which notice shall promptly, but in no event later than three business days, if permitted specify its name and the number of Receipts held directly or indirectly by applicable law, duly assign, transfer and deliver all right, title and interest in and such Owner or Beneficial Owner prior to the Deposited Securities held on account or on behalf of Owners such acquisition). The Depositary shall forward such notice to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated soon as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein practicable after receipt and the Company or its designated agent will assume the obligations stated as the obligations of shall promptly forward such notice from the Depositary in to the Polish Commission. Such Owner or Beneficial Owner shall not make any such sectionacquisition if the Polish Commission issues an order prohibiting the acquisition of such securities.

Disclosure of Interests. To Notwithstanding any other provision of this Deposit Agreement, the extent that provisions Bylaws of the Company or governing applicable Ecuadorian law, each Holder and Beneficial Owner agrees to (a) provide such information as the Company may request pursuant to Ecuadorian law (including, without limitation, the Ecuadorian Civil Code, the Ecuadorian Commercial Code and the Ecuadorian Ley de Companias (Companies' Law), any Deposited Securities (including applicable law of the United States, the Company's Charter Bylaws, any resolutions of the Company's Board of Directors adopted pursuant to such Bylaws, the requirements of any markets or exchanges upon which the ADSs or Receipts are listed or traded, or to any requirements of any electronic book-entry system by which the ADSs or Receipts may be transferred, and (b) be bound by and subject to applicable law) may require provisions of the disclosure Ecuadorian laws, the Bylaws of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and the requirements of any markets or exchanges upon which the ADSs, Receipts or Shares are listed or traded, or pursuant to any requirements of any electronic book-entry system by which the ADSs, Receipts or Shares may be transferred, to the same extent as if such Holder and Beneficial Owner held Shares directly. Failure by a Holder or Beneficial Owner to provide for blocking transfer in a timely fashion the information requested by the Company may, in the Company's sole discretion, result in the withholding of certain rights in respect of such Holder or Beneficial Owner's American Depositary Shares (including voting rights and voting or other certain rights as to enforce dividends in respect of the Shares represented by such disclosure or limit such ownership, the American Depositary shall use its best efforts that are reasonable under the circumstances Shares). The Depositary agrees to comply with Company any instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and received from the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from requesting that the Depositary or take the Companyactions specified therein to obtain such information. In the event that the Depositary Company determines that there has been a failure to comply with the applicable requirements under Ecuadorian law and the Company's Bylaws applicable to any Deposited Securities and that sanctions are to be imposed against such Deposited Securities pursuant Ecuadorian law by a court of competent jurisdiction, or pursuant to the Custodian shall be advised (in writing) Company's Bylaws by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Company shall inform the Depositary has the right thereof. The Company may, from time to immediately resign as Depositary and will not be time, in its discretion but subject to any liability hereunder for such resignation or such determinationapplicable law, except that (i) instruct the Depositary shall promptlyto take action with respect to such sanctions, including but not limited to the refusal by the Depositary to take into account any voting instructions received in no event later than three business daysrespect of the ADSs representing such Deposited Securities, if and to the extent that such refusal is permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.The

Disclosure of Interests. (a) The Company and the Depositary may from time to time request Owners to provide information as to the capacity in which such Owners own or owned Receipts and regarding the identity of any other persons then or previously interested in such Receipts and the nature of such interest and various other matters. Each Owner agrees to provide any information requested by the Company or the Depositary pursuant to Section 3.04 of the Agreement. The Depositary agrees to comply with reasonable written instructions received from the Company requesting that the Depositary forward any such requests to the Owners and to forward to the Company any such responses to such requests received by the Depositary. (b) To the extent that provisions of or governing any Deposited Securities (including Securities, the Company's Charter Statute of the Company or applicable law) law may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares Securities and other securities to the Company and may provide for blocking of Owners’ transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that which are reasonable under the circumstances and practicable in order to comply with Company instructions as to Receipts in respect of any such enforcement or of limitation, and Owners and Beneficial . Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's ’s compliance with such instructions and by their holding of Receipts are deemed to consent to any such limitation or blocking of rights. (c) In addition to any other notification requirements applicable under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which acquires, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 5% or more or 10% or more of the total voting equity securities of the Company instructionsshall provide written notification of such fact to the Depositary (which notice shall specify its name and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner) within two (2) days of such acquisition of 5% or more or 10% or more, as the case may be, of such voting equity securities. The Depositary shall forward as promptly as practicable such notice as it receives to the Company, and the Company hereby confirm to each other that, for shall immediately forward such notice as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested it receives from the Depositary to the Polish Office for the Protection of Competition and Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such acquisition. (d) In addition to any other notification requirements under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which holds, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 10% or more of the total voting equity securities of the Company shall provide written notification to the Depositary of any change in the number of voting equity securities held directly or indirectly by such Owner or Beneficial Owner to the extent that such change is by an amount equal to 2% or more of the total voting equity securities of the Company. In Such notice shall specify the event that name of such Owner or Beneficial Owner and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner and shall be made within two (2) days of such change. The Depositary shall forward as promptly as practicable such notice as it receives to the Company, and the Company shall immediately forward such notice as it receives from the Depositary to the Polish Office for the Protection of Competition and Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such change in the number of voting equity securities held. (e) After the Warsaw Listing Date, in addition to any other notification requirements under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which holds, directly through its ownership of Shares or indirectly through its ownership of American Depositary Shares or otherwise, 5% or more or 10% or more of the Custodian total voting equity securities of the Company shall be advised (in writing) by reputable independent Brazilian counsel that provide written notification to the Depositary of any transfer or Custodian reasonably could be subject other disposal of Shares held directly or indirectly by such Owner or Beneficial Owner to criminal or materialthe extent that, as reasonably determined by the Depositary, civil liabilities as a result of such disposition, the Company having failed Owner will hold less than 5% or less than 10%, respectively, of the total voting equity securities of the Company. Such notice shall specify the name of such Owner or Beneficial Owner and the number of American Depositary Shares and other Shares held directly or indirectly by such Owner or Beneficial Owner and shall be made within two (2) days of such disposition. The Depositary shall forward as promptly as practicable such notice as it receives to provide such information or documents reasonably available only through the Company, and the Company shall immediately forward such notice as it receives from the Depositary has to the right to immediately resign as Depositary Polish Office for the Protection of Competition and will not be subject Consumers, the Polish Commission and any other relevant government regulatory authority required by law and, in any event, within four (4) days of such change in the number of voting equity securities held. (f) After the Warsaw Listing Date, in addition to any liability hereunder for other notification requirements applicable under Polish law, any Owner (other than DTC or its nominee, Cede & Co.) or Beneficial Owner which acquires, directly through its ownership of Shares or indirectly through its ownership of Receipts or otherwise, which intends to acquire 25%, 33% or 50% or more of the total voting equity securities of the Company shall provide written notification of such resignation or such determination, except that (i) fact to the Depositary (which notice shall promptly, but in no event later than three business days, if permitted specify its name and the number of Receipts held directly or indirectly by applicable law, duly assign, transfer and deliver all right, title and interest in and such Owner or Beneficial Owner prior to the Deposited Securities held on account or on behalf of Owners such acquisition). The Depositary shall forward such notice to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated soon as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein practicable after receipt and the Company or its designated agent will assume the obligations stated as the obligations of shall promptly forward such notice from the Depositary in to the Polish Commission. Such Owner or Beneficial Owner shall not make any such sectionacquisition if the Polish Commission issues an order prohibiting the acquisition of such securities.

Disclosure of Interests. To Notwithstanding any other provision of this Deposit Agreement, each Owner and Holder of American Depositary Shares agrees to comply with requests from the extent that provisions of or governing any Deposited Securities (including the Company's Charter or Company pursuant to applicable law) may require the disclosure of laws and regulations regarding beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances agree to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations limitations, to provide information, inter alia, as to the capacity in which such Owner or Holder owns American Depositary Shares (and shall cooperate Shares as the case may be) and regarding the identity of any other person(s) interested in such American Depositary Shares (and Shares, as the case may be) and the nature of such interest and various other matters, whether or not they are Owners or Holders at the time of such request and to comply with the Depositary's compliance Company’s articles of association and any other organizational documents, as they may be amended from time to time. The Depositary shall provide reasonable assistance to the Company, at the Company’s request, in obtaining information sought by the Company pursuant to this Section 3.4. Each Owner and Holder of American Depositary Shares further agrees to comply with the laws and regulations of England and Wales (if and to the extent applicable) with respect to the disclosure requirements regarding ownership or potential for ownership of Shares, all as if the American Depositary Shares were the Shares represented thereby, which is deemed to include, inter alia, requirements to make notifications and filings within the required timeframes to the Company, to the Financial Conduct Authority and any other authorities in England and Wales. The Company reserves the right to instruct Holders to deliver their American Depositary Shares for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Holder thereof as a holder of Shares and Holders agree to comply with such Company instructions. The Depositary and agrees to cooperate with the Company hereby confirm in its efforts to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank inform Holders of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In 's exercise of its rights under this paragraph and agrees to consult with, and provide reasonable assistance without risk, liability or expense on the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by part of the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company on the manner or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, manners in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails it may enforce such rights with respect to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionany Holder.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) The Bank from time to time may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities request Holders to provide information as to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownershipcapacity in which they own Receipts, the Depositary shall use its best efforts that are reasonable under the circumstances nature and extent of such ownership and certain other matters. Notwithstanding any other provision of this Deposit Agreement, each Holder agrees to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested requests made by such authorities from time to time, whether such information and documents are requested from the Depositary or the CompanyBank, which are made pursuant to this Section to disclose, among other things, whether he is the beneficial owner of the American Depositary Shares of which he is the registered holder and, if he is not the beneficial owner of any or all of such American Depositary Shares, to disclose and specify every person in trust for whom or on whose behalf the Holder holds the same. In Where any Holder has been required to make such disclosure and has failed to do so within 30 days after being required to do so, the event Holders agree that the Bank may prohibit such Holder from attending, or exercising voting power, either personally or by proxy, over the Ordinary Stock underlying the American Depositary or Shares held by such Holder in respect of which such request for disclosure was made (the Custodian shall be advised ("Default Shares" which expression includes any further American Depositary Shares which are issued in writingrespect of such Default Shares) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result at any General Court of the Company having failed Bank or to provide exercise any other rights conferred by membership in relation to General Courts of the Bank unless and until he has made such information or documents reasonably available only through the Companydisclosure and, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for if such resignation Default Shares represent at least five percent (5%) (or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records other percentage as may be reasonably necessary to enable determined under the Company provisions of Section 70 of the Companies Act 1990) of the Ordinary Stock then in issue, the Bank may retain any dividends (or part thereof) or any moneys otherwise payable on the Ordinary Stock underlying such successor depositary to fulfill the obligations that Default Shares and the Depositary would have had hereunder but for such resignation. Upon effectiveness may, and at the request of the Bank shall, not register any transfer of such resignation Default Shares. The Depositary agrees to forward to the Depositary shall otherwise be discharged Holder any such requests received from all of the Bank and to use its obligations reasonable best efforts to take any other reasonable and practicable actions specified by the Bank to obtain such information and to effect the limitations described in the previous sentence. There are no restrictions under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations Charter and Bye-Laws of the Depositary Bank or under Section 5.04 herein Irish law, as currently in effect, which limit the right of non-Irish resident holders of Shares to hold, or (ii) if the Company fails freely to appoint a new depositary within 60 days of such resignationvote, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionShares.

Disclosure of Interests. To Notwithstanding any other provision of the Deposit Agreement or this Receipt, each Owner and Beneficial Owner agrees to be bound by and subject to the Articles and any applicable laws and regulations with respect to the disclosure requirements regarding ownership of Shares and ownership restrictions, all as if such American Depositary Shares evidenced by such Receipts were, to the extent that provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownershippracticable, the Depositary shall use its best efforts that are reasonable under Shares represented thereby. As of the circumstances to comply with Company instructions as to Receipts in respect date of any such enforcement or limitationthis Agreement, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations restrictions are as follows: Each Owner and shall cooperate with Beneficial Owner agrees to provide such information within the Depositary's compliance with prescribed period as the Issuer may request in a disclosure notice (a “Disclosure Notice”) given pursuant to any applicable provision of English law or the Articles. Each Owner and Beneficial Owner further acknowledges that failure by such Company instructions. The Owner or Beneficial Owner to provide in a timely fashion the information requested in any Disclosure Notice may, in the Issuer’s sole discretion, result in the withholding of certain rights in respect of such Owner or Beneficial Owner’s American Depositary Shares, including, without limitation, voting rights, the right to receive dividends or other payments and rights of free transferability in respect of the Company hereby confirm to each other thatShares represented by such American Depositary Shares, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as extent that such rights may be requested by such authorities withheld from time to time, whether such information and documents are requested from only the Depositary Beneficial Owner or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having Beneficial Owners who failed to provide such information information. The Depositary agrees to use its reasonable efforts, at the Issuer’s expense, to comply with any written, specific, instructions received from the Issuer requesting that Depositary take the actions specified therein to obtain such information. In addition, any Owner or documents Beneficial Owner who is or becomes directly or indirectly interested (within the meaning of the Companies Act of 1985, as amended from time to time (the “Companies Act”)), in the issued ordinary share capital of the Issuer equal to or in excess of the then “notifiable percentage” (at the date hereof, three percent (3%)) or such other amount as may be required by the Companies Act, or is aware that another person for whom it holds such Receipts is so interested, must within two (2) business days (or such other period as may be required by the Companies Act) after becoming so interested or so aware, and thereafter upon any change in the percentage level of its interest, notify the Issuer as required by the Companies Act. Each Owner and Beneficial Owner further acknowledges that pursuant to the Articles, if the Issuer determines that a regulatory problem (a “Shareholder Regulatory Event,” as set forth in the Articles) has arisen in connection with a Gaming Regulatory Authority, as set forth in the Articles, it may, in its absolute discretion and at any time, by notice in writing to an Owner or Beneficial Owner to whom the Shareholder Regulatory Event relates (or to whom the Issuer reasonably available believes it relates) or to a person named therein as interested in (or reasonably believed to be interested in) the American Depositary Shares of the Issuer held by the recipient of the notice (an “Interested Person”), to the extent that the following sanctions shall apply to only through such Owner or Beneficial Owner or such Interested Person. (1) suspend with immediate effect (or with effect from such date as the Company, notice may specify) all or some of the following rights attaching to all or some of the American Depositary has Shares held by that Owner or Beneficial Owner; (a) the right to immediately resign as attend and to speak at meetings and to vote and to demand a poll exercisable in respect of the American Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that Shares; (ib) the Depositary shall promptly, but in no event later than three business days, if permitted right to receive any payment (whether by applicable law, duly assign, transfer and deliver all right, title and interest in and way of dividend or otherwise); and (c) the right to the Deposited Securities issue of further American Depositary Shares or other securities in respect of the Shares. (2) require the recipient of the notice or any Interested Person to dispose of all or some of the American Depositary Shares held on account by the recipient of the notice or on behalf of Owners the interest held by any Interested Person named in the notice and for evidence in a form satisfactory to the Company or its nominee and (ii) Issuer that such disposal shall have been effected to be supplied to the extent reasonably requested by Issuer within 14 days from the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness date of such resignation notice or within such other period as the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositaryIssuer, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignationits absolute discretion, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionconsiders reasonable.

Disclosure of Interests. To Notwithstanding any other provision of this Deposit Agreement, each Owner and Beneficial Owner agrees to be bound by and subject to the Memorandum and Articles of Association of the Issuer (to the same extent as if such American Depositary Shares evidenced by such Receipt were the Shares represented by such American Depositary Shares evidenced by such Receipt, provided, however, that such provisions shall apply to such persons only to the extent that feasible), and to provide such information as the Issuer may request in a disclosure notice (a “Disclosure Notice”) given pursuant to statutory provisions of English law or governing the Memorandum and Articles of Association. Failure of an Owner or Beneficial Owner to provide in a timely fashion information requested in any Deposited Securities Disclosure Notice may, in the Issuer’s sole discretion, result in the withholding of certain rights in respect of such Owner or Beneficial Owner’s American Depositary Shares (including voting rights and certain rights as to dividends in respect of the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities represented by such American Depositary Shares). The Depositary agrees to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best reasonable efforts that are reasonable under the circumstances to comply with Company any instructions received from the Issuer requesting that the Depositary take the actions specified therein to obtain such information. In addition, any Owner or Beneficial Owner who is or becomes directly or indirectly interested (within the meaning of Section 208 and 209 of the United Kingdom Companies ▇▇▇ ▇▇▇▇, as amended from time to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios time (the "CVM"“Companies Act”)), in the issued ordinary share capital of the Issuer equal to or in excess of the then “notifiable interest” (at the date hereof, three percent (3%)) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder or such other amount as may be requested required by the Companies Act, or is aware that another person for whom it holds such authorities from time to timeReceipts is so interested, whether must within two (2) business days (or such other period as may be required by the Companies Act) after becoming so interested or so aware, and thereafter upon any changes of at least one percent (1%) of the outstanding Shares, notify the Issuer as required by the Companies Act. If the Issuer requests information and documents are requested from the Depositary or the Company. In Custodian, as the event that registered owners of Shares, pursuant to the Depositary Memorandum and Articles of Association of the Issuer or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or materialCompanies Act, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails Custodian, as the case may be, shall be limited to appoint a new depositary within 60 days disclosing to the Issuer such information relating to the Shares in question as has in each case been recorded by it pursuant to the terms of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionAgreement.

Disclosure of Interests. To Notwithstanding any other provision of this Deposit Agreement, each Owner and Beneficial Owner agrees to be bound by and subject to the Memorandum and Articles of Association of the Issuer (to the same extent as if such American Depositary Shares evidenced by such Receipt were the Shares represented by such American Depositary Shares evidenced by such Receipt, provided, however, that such provisions shall apply to such persons only to the extent that feasible), and to provide such information as the Issuer may request in a disclosure notice (a "Disclosure Notice") given pursuant to statutory provisions of English law or governing the Memorandum and Articles of Association. Failure of an Owner or Beneficial Owner to provide in a timely fashion information requested in any Deposited Securities Disclosure Notice may, in the Issuer's sole discretion, result in the withholding of certain rights in respect of such Owner or Beneficial Owner's American Depositary Shares (including voting rights and certain rights as to dividends in respect of the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities represented by such American Depositary Shares). The Depositary agrees to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best reasonable efforts that are reasonable under the circumstances to comply with Company any instructions received from the Issuer requesting that the Depositary take the actions specified therein to obtain such information. In addition, any Owner or Beneficial Owner who is or becomes directly or indirectly interested (within the meaning of Section 208 and 209 of the United Kingdom Companies A▇▇ ▇▇▇▇, as amended from time to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios time (the "CVMCompanies Act")), in the issued ordinary share capital of the Issuer equal to or in excess of the then "notifiable interest" (at the date hereof, three percent (3%)) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder or such other amount as may be requested required by the Companies Act, or is aware that another person for whom it holds such authorities from time to timeReceipts is so interested, whether must within two (2) business days (or such other period as may be required by the Companies Act) after becoming so interested or so aware, and thereafter upon any changes of at least one percent (1%) of the outstanding Shares, notify the Issuer as required by the Companies Act. If the Issuer requests information and documents are requested from the Depositary or the Company. In Custodian, as the event that registered owners of Shares, pursuant to the Depositary Memorandum and Articles of Association of the Issuer or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or materialCompanies Act, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails Custodian, as the case may be, shall be limited to appoint a new depositary within 60 days disclosing to the Issuer such information relating to the Shares in question as has in each case been recorded by it pursuant to the terms of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionAgreement.

Disclosure of Interests. (a) To the extent that provisions of or governing any Deposited Securities (including the Company's Charter articles of association or similar document of the Company or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's ’s compliance with such Company instructions. The Depositary and the Company hereby confirm to each Notwithstanding any other that, for as long as provision of this Deposit Agreement is in effectAgreement, they shall furnish each Owner and Beneficial Owner agrees to be bound by and subject to Russian regulatory requirements to the Comissao de Valores Mobiliarios (same extent as if the "CVM") American Depositary Shares were the Shares represented thereby and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee the Russian regulators, as applicable, relating to ownership of the Shares as may be required under those regulatory requirements. (b) The Company has advised the Depositary that, under Russian law, as in effect on the date of this Deposit Agreement, the Company is a “strategic enterprise” for the purposes of the Federal Law No. 57-FZ “On Procedures for Foreign Investments in the Business Entities of Strategic Importance for Ensuring the National Defense and State Security of the Russian Federation” dated 29 April 2008 (iithe “Strategic Investment Law”), and certain transactions resulting in changes in ownership of Shares are subject to review and oversight by the Federal Antimonopoly Service of the Russian Federation. Accordingly, a person that comes to own five percent or more of the outstanding Shares must notify the Company the Federal Antimonopoly Service within 45 days from the date of the relevant transaction. Although the reporting requirements described in this subsection (b) may change, neither the Company nor the Depositary assumes any obligation to update this provision to reflect, or notify Owners or Beneficial Owners of, any change of that kind. (c) The Depositary may from time to time request Owners to provide information as to the extent capacity in which such Owners own or owned Receipts and regarding the identity or residence of any other persons then or previously interested in such Receipts and the nature of such interest and various other matters. Each Owner agrees to provide any information reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositarySection 3.04(c), in which case the Company will assume the obligations stated at such times as the obligations of Depositary, on instructions from the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignationCompany, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionmay request.

Disclosure of Interests. To the extent that the provisions of or governing any Deposited Securities (including the Company's Charter Companys Estatuto Social or applicable law) may require the disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and or other securities to the Company and may provide for blocking transfer and blocking, transfer, voting or other rights to enforce such disclosure or limit such ownershiplimits, the Depositary shall use its best reasonable efforts that are to comply, to the extent permitted by applicable law, with reasonable under written instructions it receives from the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement those requirements or limitation, and limitations. Owners and Beneficial Owners shall agree to comply with all such disclosure requirements and ownership limitations and shall to cooperate with the Depositary's Depositary in the Depositarys compliance with such any Company instructionsinstructions in respect thereof. The Each of the Depositary and the Company hereby confirm confirms to each the other that, that for as long as this the Deposit Agreement is in effect, they it shall furnish to the Comissao de Valores Mobiliarios (the "CVM") and the Central Bank of Brazil Brazil, at any time and within the period that may be determined, with any information and documents related to the Receipts approved American Depositary Receipt program and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the CompanyReceipts issued thereunder. In the event that the Depositary or the Custodian shall be advised (in writing) writing by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has shall have the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation resignation, the Depositary shall otherwise be discharged from all of its obligations under this the Deposit Agreement. In the event that the Depositary resigns Resignation pursuant to this paragraph either (i) the Company will appoint a new depositary, shall be effected in which case the Company will assume the obligations stated as the obligations accordance with Section 5.4 of the Depositary under Section 5.04 herein or (ii) Deposit Agreement; provided that if the Company fails to appoint a new depositary within 60 days of such resignation, this the Deposit Agreement shall be terminated in accordance with Section 6.02 herein 6.2 of the Deposit Agreement and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. To Notwithstanding any other provision of this Deposit Agreement, each Owner and Beneficial Owner agrees to comply with requests from the Issuer which are made under statutory provisions in the United Kingdom to provide information as to the capacity in which such Owner or Beneficial Owner owns Receipts and regarding the identity of any other person interested in such Receipts and the nature of such interest and may, pursuant to such statutory provisions and any provisions of the Memorandum and Articles of Association of the Issuer, forfeit the right to vote and to direct the voting of, and be prohibited from transferring, Receipts as to which compliance is not made, all as if such Receipts were to the extent that provisions of or governing any Deposited Securities (including practicable the Company's Charter or applicable law) may require Shares represented by the disclosure of beneficial or other ownership of Deposited Securities, other American Depositary Shares and other securities evidenced thereby. The Depositary agrees to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company written instructions received from the Issuer requesting that the Depositary take the reasonable actions specified therein to obtain such information, except when the Depositary is notified by the Issuer that such action is prohibited by applicable law. In addition, any Owner or Beneficial Owner who is or becomes directly or indirectly interested (for the purposes of the Disclosure and Transparency Rules of the United Kingdom Financial Conduct Authority (or any successor), as amended from time to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios time (the "CVM"“Disclosure and Transparency Rules”)), in the issued ordinary share capital of the Issuer equal to or in excess of the then “notifiable percentage” (at the date hereof, three percent (3%)) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder or such other amount as may be requested required by the Disclosure and Transparency Rules, or is aware that another person for whom it holds such authorities from time to timeReceipts is so interested, whether must within two (2) business days (or such other period as may be required by the Disclosure and Transparency Rules) after becoming so interested or so aware, and thereafter upon any changes of at least one percent (1%) of the outstanding Shares, notify the Issuer as required by the Disclosure and Transparency Rules. If the Issuer requests information and documents are requested from the Depositary or the Company. In Custodian, as the event that registered owners of Shares, pursuant to the Depositary Memorandum and Articles of Association of the Issuer, the Disclosure and Transparency Rules or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or materialUK Companies A▇▇ ▇▇▇▇, as reasonably determined by amended from time to time (the Depositary“Companies Act”), civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails Custodian, as the case may be, shall be limited to appoint a new depositary within 60 days disclosing to the Issuer such information relating to the Shares in question as has in each case been recorded by it pursuant to the terms of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionAgreement.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao de Valores Mobiliarios Mobilarios (the "CVM") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of off Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. (a) To the extent that provisions of or governing any Deposited Securities (including the Company's Charter of the Company or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts ADSs in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's ’s compliance with such Company instructions. The Depositary Notwithstanding any other provision of the Deposit Agreement, each Owner and the Company hereby confirm Beneficial Owner agrees to each other that, for as long as this Deposit Agreement is in effect, they shall furnish be bound by and subject to Russian regulatory requirements to the Comissao de Valores Mobiliarios (same extent as if the "CVM") ADSs were the Shares represented thereby and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through to the Company, the Custodian or Russian regulators, as applicable, relating to ownership of the Shares as may be required under those regulatory requirements. (b) The Company has advised the Depositary has that, under Russian law, as in effect on the right to immediately resign date of the Deposit Agreement, the Company is a “strategic enterprise” for the purposes of the Federal Law No. 57-FZ “On Procedures for Foreign Investments in the Business Entities of Strategic Importance for Ensuring the National Defense and State Security of the Russian Federation” dated 29 April 2008, as Depositary amended (the “Strategic Investment Law”), and will not be certain transactions resulting in changes in ownership of Shares are subject to any liability hereunder for such resignation review and oversight by the Federal Antimonopoly Service of the Russian Federation. Accordingly, a person that comes to own five (5) percent or such determinationmore of the outstanding Shares (including Shares comprising Deposited Securities) must notify the Company and the Federal Antimonopoly Service within forty-five (45) calendar days from the date of the relevant transaction. Although the reporting requirements described in this subsection (b) may change, except that (i) neither the Company nor the Depositary shall promptlyassumes any obligation to update this provision to reflect, but in no event later than three business daysor notify Owners or Beneficial Owners of, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and any change of that kind. (c) The Depositary and/or the Custodian may from time to time request that Owners provide information as to the Deposited Securities held capacity in which such Owners own or owned ADSs and regarding the identity or residence of any other persons then or previously interested in such ADSs and the nature of such interest and various other matters. Each Owner agrees to provide any information so requested by the Depositary at such times as the Depositary, on account or on behalf of Owners to instructions from the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable lawCustodian, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionrequest.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter Memorandum and Articles of Association or applicable English law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners of Receipts shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's Depositary in its compliance with such any Company instructionsinstructions relating to those requirements and limits. The Depositary Each Owner and Beneficial Owner shall provide information the Company hereby confirm to each other that, for as long as this Deposit Agreement is may request in effect, they shall furnish a disclosure notice (a "Disclosure Notice") given pursuant to the Comissao de Valores Mobiliarios United Kingdom Companies Act 1985 (that Act, as amended and including any statutory re-enactment ▇▇ ▇▇▇▇ Act, the "CVMCompanies Act") and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result Memorandum and Articles of Association of the Company having failed within the time period specified in that Disclosure Notice. In addition, each Owner and Beneficial Owner shall comply with the provisions of the Companies Act with regard to provide such information notifying the Company of interests in Shares. As of the date of the Deposit Agreement, failure to comply with a Disclosure Notice could result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or documents reasonably available only through was, or appears to be or has been, interested as provided in the Companies Act and the Memorandum and Articles of Association of the Company, including the Depositary has withdrawal of the right voting rights of those Shares and the imposition of restrictions on the rights to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in receive dividends and to transfer those Shares. As of the Deposited Securities held on account date of the Deposit Agreement, the Companies Act required that any person that is or on behalf becomes directly or indirectly interested (within the meaning of Owners the Companies Act) in three percent or more of the outstanding Shares, or is aware that another person for whom that person holds Shares is so interested must, within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified), notify the Company or its nominee and (ii) to the extent reasonably requested as required by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionCompanies Act.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's ’s Charter or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's ’s compliance with such Company instructions. The Depositary and the Company hereby confirm to each other that, for as long as this Deposit Agreement is in effect, they shall furnish to the Comissao Comissão de Valores Mobiliarios (the "“CVM"”) and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's ’s obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such section.

Disclosure of Interests. (a) To the extent that provisions of or governing any Deposited Securities (including the Company's Charter of the Company or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's ’s compliance with such Company instructions. The Depositary and the Company hereby confirm to each Notwithstanding any other that, for as long as provision of this Deposit Agreement is in effectAgreement, they shall furnish each Owner and Beneficial Owner agrees to be bound by and subject to Russian regulatory requirements to the Comissao de Valores Mobiliarios (same extent as if the "CVM") American Depositary Shares were the Shares represented thereby and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through to the Company, the Custodian or Russian regulators, as applicable, relating to ownership of the Shares as may be required under those regulatory requirements. (b) The Company has advised the Depositary has that, under Russian law, as in effect on the right to immediately resign date of this Deposit Agreement, the Company is a “strategic enterprise” for the purposes of the Federal Law No. 57-FZ “On Procedures for Foreign Investments in the Business Entities of Strategic Importance for Ensuring the National Defense and State Security of the Russian Federation” dated 29 April 2008, as Depositary amended (the “Strategic Investment Law”), and will not be certain transactions resulting in changes in ownership of Shares are subject to any liability hereunder for such resignation review and oversight by the Federal Antimonopoly Service of the Russian Federation. Accordingly, a person that comes to own five percent or such determinationmore of the outstanding Shares (including Shares comprising Deposited Securities) must notify the Company and the Federal Antimonopoly Service within 45 calendar days from the date of the relevant transaction. Although the reporting requirements described in this subsection (b) may change, except that (i) neither the Company nor the Depositary shall promptlyassumes any obligation to update this provision to reflect, but in no event later than three business daysor notify Owners or Beneficial Owners of, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and any change of that kind. (c) The Depositary and/or the Custodian may from time to time request that Owners provide information as to the Deposited Securities held capacity in which such Owners own or owned Receipts and regarding the identity or residence of any other persons then or previously interested in such Receipts and the nature of such interest and various other matters. Each Owner agrees to provide any information so requested by the Depositary at such times as the Depositary, on account or on behalf of Owners to instructions from the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable lawCustodian, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionrequest.

Disclosure of Interests. To the extent that provisions of or governing any Deposited Securities (including the Company's Charter or applicable law) The Company may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities from time to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation, and time request Owners and Beneficial Owners shall comply with all to provide information (a) as to the capacity in which such disclosure requirements Owners and ownership limitations Beneficial Owners own or owned American Depositary Shares, (b) regarding the identity of any other persons then or previously interested in such American Depositary Shares and shall cooperate with (c) the Depositary's compliance with nature of such interest and various other matters. Each Owner and Beneficial Owner agrees to provide any information requested by the Company instructionspursuant to this Section. The Depositary agrees to use reasonable efforts to forward to any Holder, at the written request and expense of the Company, any written request by the Company hereby confirm for such information. The Depositary agrees to each other that, for as long as this Deposit Agreement is in effect, they shall furnish forward to the Comissao de Valores Mobiliarios Company any responses to such requests received by the Depositary to the extent permitted by applicable law. Owners and Beneficial Owners will be subject to the provisions of the Hong Kong Securities (Disclosure of Interests) Ordinance (the "CVM"“Ordinance”) and the Central Bank any other legislation or regulations of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities Hong Kong from time to timetime in effect regarding the disclosure of interests in Shares. For the purposes of this Section, whether the term “interest” shall have the meaning ascribed thereto in the Ordinance. Under the Ordinance, an Owner or Beneficial Owner may have a duty to notify the Company if such information and documents are requested from Owner or Beneficial Owner becomes aware that its interest in Shares (including its interest in Shares represented by American Depositary Shares) equals or exceeds 5% or more of the Depositary or issued share capital of the Company. Such Owner or Beneficial Owner may be required to further notify the Company of certain changes in such Owner’s or Beneficial Owner’s interest in the Shares, or if such Owner or Beneficial Owner ceases to have an interest in 5% or more of the issued share capital of the Company. Under the Ordinance, the Company has certain rights and duties to make inquiries to persons whom the Company knows or has reasonable cause to believe to be interested in the Shares (including in Shares represented by American Depositary Shares) concerning such persons’ interest in the Shares. In the event that any person with whom the Depositary Company has made such inquiry fails to respond thereto, or the Custodian shall be advised (provides false information in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could response thereto, such person may also be subject to sanctions and criminal or materialpenalties. The Depositary agrees that it shall, as reasonably determined by at the Depositary, civil liabilities as a result expense of the Company having failed to provide such information or documents reasonably available only through the Company, use reasonable efforts to assist the Company in obtaining such information with respect to American Depositary has Shares to the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if extent permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and provided that nothing herein shall be interpreted as obligating the Depositary to provide or obtain any such information not provided to the Deposited Securities held on account Depositary by such Owners or on behalf of Beneficial Owners to the Company or its nominee and (ii) to the extent reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositary, in which case the Company will assume the obligations stated as the obligations possession of the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignation, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionDepositary.

Disclosure of Interests. (a) To the extent that provisions of or governing any Deposited Securities (including the Company's Charter articles of association or similar document of the Company or applicable law) may require the disclosure of beneficial or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are reasonable under the circumstances to comply with Company instructions as to Receipts American Depositary Shares in respect of any such enforcement or limitation, and Owners and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate with the Depositary's ’s compliance with such Company instructions. The Depositary Notwithstanding any other provision of the Deposit Agreement, each Owner and the Company hereby confirm Beneficial Owner agrees to each other that, for as long as this Deposit Agreement is in effect, they shall furnish be bound by and subject to Russian regulatory requirements to the Comissao de Valores Mobiliarios (same extent as if the "CVM") American Depositary Shares were the Shares represented thereby and the Central Bank of Brazil any information and documents related to the Receipts and the Depositary's obligations hereunder as may be requested by such authorities from time to time, whether such information and documents are requested from the Depositary or the Company. In the event that the Depositary or the Custodian shall be advised (in writing) by reputable independent Brazilian counsel that the Depositary or Custodian reasonably could be subject to criminal or material, as reasonably determined by the Depositary, civil liabilities as a result of the Company having failed to provide such information or documents reasonably available only through the Company, the Depositary has the right to immediately resign as Depositary and will not be subject to any liability hereunder for such resignation or such determination, except that (i) the Depositary shall promptly, but in no event later than three business days, if permitted by applicable law, duly assign, transfer and deliver all right, title and interest in and to the Deposited Securities held on account or on behalf of Owners to the Company or its nominee the Russian regulators, as applicable, relating to ownership of the Shares as may be required under those regulatory requirements. (b) The Company has advised the Depositary that, under Russian law, as in effect on the date of the Deposit Agreement, the Company is a “strategic enterprise” for the purposes of the Federal Law No. 57-FZ “On Procedures for Foreign Investments in the Business Entities of Strategic Importance for Ensuring the National Defense and State Security of the Russian Federation” dated 29 April 2008 (iithe “Strategic Investment Law”), and certain transactions resulting in changes in ownership of Shares are subject to review and oversight by the Federal Antimonopoly Service of the Russian Federation. Accordingly, a person that comes to own five percent or more of the outstanding Shares must notify the Company the Federal Antimonopoly Service within 45 days from the date of the relevant transaction. Although the reporting requirements described in this subsection (b) may change, neither the Company nor the Depositary assumes any obligation to update this provision to reflect, or notify Owners or Beneficial Owners of, any change of that kind. (c) The Depositary may from time to time request Owners to provide information as to the extent capacity in which such Owners own or owned American Depositary Shares and regarding the identity or residence of any other persons then or previously interested in such American Depositary Shares and the nature of such interest and various other matters. Each Owner agrees to provide any information reasonably requested by the Company and not prohibited by applicable law, the Depositary shall provide the Company or any successor depositary hereunder with access, during normal business hours, to such records as may be reasonably necessary to enable the Company or such successor depositary to fulfill the obligations that the Depositary would have had hereunder but for such resignation. Upon effectiveness of such resignation the Depositary shall otherwise be discharged from all of its obligations under this Deposit Agreement. In the event that the Depositary resigns pursuant to this paragraph either (i) the Company will appoint a new depositarySection 3.04(c), in which case the Company will assume the obligations stated at such times as the obligations of Depositary, on instructions from the Depositary under Section 5.04 herein or (ii) if the Company fails to appoint a new depositary within 60 days of such resignationCompany, this Deposit Agreement shall be terminated in accordance with Section 6.02 herein and the Company or its designated agent will assume the obligations stated as the obligations of the Depositary in such sectionmay request.