Foncière Paris France

Foncière Paris France
Société Anonyme
52, rue de la Bienfaisance
75008 PARIS
Statutory auditors’ special report on the
allocation, for no consideration, of existing
shares or shares to be issued, to employees of
the Company and corporate officers
Ordinary and Extraordinary Shareholders’ Meeting of
March 23, 2011 – 25th resolution
DE L O ITT E & A SSO CI E S
MA ZA RS
DELOITTE&ASSOCIES
185, AVENUE CHARLES DE GAULLE - BP 136 – 92 524 NEUILLY SUR SEINE CEDEX
SOCIETE ANONYME D EXPERTISE COMPTABLE ET DE COMMISSARIAT AUX COMPTES
C APITAL
DE
1 723 040 E UROS - RCS N ANTERRE B 528 028 041
MAZARS
61 RUE HENRI REGNAULT - 92400 COURBEVOIE
SOCIETE ANONYME D EXPERTISE COMPTABLE ET DE COMMISSARIAT AUX COMPTES
C APITAL
DE
8 320 000 E UROS - RCS N ANTERRE B 784 824 153
Foncière Paris France
Société Anonyme
52, rue de la Bienfaisance
75008 PARIS
Statutory auditors’ special report on the allocation, for no consideration, of
existing shares or shares to be issued, to employees of the Company and
corporate officers
Ordinary and Extraordinary Shareholders’ Meeting of March 23, 2011 – 25th resolution
This is a free translation into English of the statutory auditors’ report issued in the
French language and is provided solely for the convenience of English speaking readers.
This report should be read in conjunction with, and construed in accordance with,
French law and professional auditing standards applicable in France.
To the Shareholders,
As statutory auditors of your Company and in accordance with Article L.225-197-1 of the
French Commercial Code (Code de commerce), we have prepared this report on the
proposed allocation, for no consideration, of existing shares or shares to issued, to
employees and corporate officers of Foncière Paris France or affiliated companies as
defined by Article L.225-197-2 of the French Commercial Code.
Shareholders are requested to authorize the Board of Directors to allocate existing shares
or shares to be issued for no consideration. It is the role of the Board of Managers to
prepare a report on the transaction which it wishes to perform. It is our role, where
necessary, to comment on the information given to you on the proposed transaction.
Foncière Paris France
3/3
We performed the procedures we considered necessary in application with professional
standards applicable to this transaction. Those procedures consisted in verifying that the
proposed terms and conditions presented in the Management Board’s report comply with
the provisions provided for by law.
We have no comment to make on the information given in the Management Board’s
report relating to the proposed transaction of the allocation of shares for no consideration.
Signed in Neuilly-sur-Seine and Courbevoie, February 28th, 2011
The statutory auditors
French original signed by
DELOITTE & ASSOCIES
Laure Silvestre-Siaz
MAZARS
Gilles Magnan