Structure of the Capital

End of December 2010 there were two types of shares to which, actual or potential economical and/or voting rights are associated:

Regular shares :                17,554,354
Beneficiary shares A & B:     5,025,000

Denominator:                    22,579,354

Number of securities from which a declaration of "cross threshold" must be issued : 5%  

Regular Shares
As of March 28, 2011, the total number of shares amounted to 17,554,354 shares. All shares are listed on the Pan-European stock exchange NYSE Euronext - Brussels.
Ticker symbols used are: EZBG.BR (Reuters); EZBG:BB (Bloomberg); EZBG (NYSE Euronext).

Beneficiary Shares A & B
As of March 28, 2011, there were 5,000,000 «Beneficiary shares A» and 25,000 «Beneficiary shares B» in existence. The associated rights differ materially. They are both nominative.

The Beneficiary Shares "A", are owned by Eckert & Ziegler AG. The Beneficiary shares "A" convey the right to one vote per beneficiary share at the General Assembly of Shareholders (within the limits attached to beneficiary shares as defined by the Belgian Company Code), but they do not entitle their holder to any dividends, to any liquidation surplus should the company be wound up or to any economical benefit. In short and despite their denomination, they could be assimilated to "shares with voting rights attached only".

The Beneficiary shares "B" have exactly the same rights as ordinary shares, except for the applicable limitations provided under Belgian law and relating to voting at the General Assembly of Shareholders. They are held since March 24, 2010 by Eckert & Ziegler AG.

Warrants
Eckert & Ziegler AG owns 50,000 warrants expiring end of 2011.