<SEC-DOCUMENT>0001292814-17-002903.txt : 20171114
<SEC-HEADER>0001292814-17-002903.hdr.sgml : 20171114
<ACCEPTANCE-DATETIME>20171113180930
ACCESSION NUMBER:		0001292814-17-002903
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170930
FILED AS OF DATE:		20171114
DATE AS OF CHANGE:		20171113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMBEV S.A.
		CENTRAL INDEX KEY:			0001565025
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36165
		FILM NUMBER:		171197613

	BUSINESS ADDRESS:	
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			04530-000
		BUSINESS PHONE:		55(11)2122-1414

	MAIL ADDRESS:	
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			04530-000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	InBev Corporate Holdings Inc.
		DATE OF NAME CHANGE:	20121219
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ambevsaitr3q17_6k.htm
<DESCRIPTION>AMBEVSAITR3Q17_6K
<TEXT>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, D.C. 20549 </B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>FORM 6-K</B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Report of Foreign Private Issuer<BR>Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Securities Exchange Act of 1934</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center>

<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of November, 2017 </B></FONT></DIV>

<P align=justify></P><FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number 1565025</B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<CENTER></CENTER>

<P align=justify></P>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>AMBEV S.A. </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Exact name of registrant as specified in its charter) </FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center></DIV>

<P align=justify></P>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>AMBEV S.A. </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Translation of Registrant's name into English)</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<P align=justify></P>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Rua Dr. Renato Paes de Barros, 1017 - 3rd Floor <BR>04530-000 S&#227;o Paulo, SP<BR>Federative Republic of Brazil </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Address of principal executive office)</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center>

<P><FONT color=#000000 size=3 face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp; </FONT></P>

<P><FONT size=3 face="Times New Roman, Times, Serif"><BR>Form 20-F ___X___ Form 40-F _______</FONT> </P>

<P align=left>&nbsp;<FONT size=3 face="Times New Roman, Times, Serif">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </FONT>&nbsp;</P><FONT size=3 face="Times New Roman, Times, Serif">Yes _______ No ___X____</FONT>

<P align=justify></P></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: " color=windowtext face="times new roman">INTERIM CONSOLIDATED FINANCIAL STATEMENTS - AMBEV S.A.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: " color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Interim Consolidated Balance Sheets</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">As at September 30, 2017 and </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">December 31, 2016</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(Expressed in thousands of Brazilian Reais)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Note</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12/31/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash and cash equivalents</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,340,688</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,876,849</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Investment securities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,820</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">282,771</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Derivative financial instruments</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">21</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">258,605</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">196,655</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Trade receivable</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,767,773</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,368,059</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Inventories</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,373,394</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,347,052</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income tax and social contributions recoverable</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,749,734</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,693,724</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Other taxes receivable</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">683,050</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">729,586</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Other assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,049,532</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,392,155</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Current assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">22,230,596</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">23,886,851</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Investment securities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">104,786</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">104,340</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Derivative financial instruments</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">21</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">37,627</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">16,326</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax and social contributions recoverable</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,493</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Other taxes recoverable</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">290,070</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">343,147</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Deferred tax assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,090,189</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,268,142</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Other assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,962,769</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,973,584</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Employee benefits</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">45,397</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">33,503</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Investments in associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">253,506</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">300,115</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Property, plant and equipment</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">18,480,755</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">19,153,836</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Intangible assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,591,168</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,245,881</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Goodwill</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">30,933,560</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">30,511,200</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Non-current assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">60,789,827</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">59,954,567</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">83,020,423</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">83,841,418</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 108%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<a name="_bclFooter1"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>1</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interim Consolidated Balance
Sheets (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">As at September 30, 2017 and </font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">December
31, 2016</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(Expressed in thousands of Brazilian Reais)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Equity and liabilities</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Note</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Trade payables</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,300,425</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">10,868,757</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Derivative financial instruments</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">21</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">285,987</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">686,358</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest-bearing loans and borrowings</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">11</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,968,899</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,630,604</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Wages and salaries</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">858,084</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">686,627</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Dividends and interest on shareholders&#8217;
  equity payable</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">736,432</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,714,401</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Income tax and social contribution payable</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,119,919</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">904,240</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Taxes and contributions payable</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,353,840</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,378,178</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Put option granted on subsidiary and other liabilities</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,689,497</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,735,849</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Provisions</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">168,662</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">168,636</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Current liabilities</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">23,481,745</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">28,773,650</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Trade payables</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">180,470</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">237,802</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Derivative financial instruments</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">21</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,044</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">27,022</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest-bearing loans and borrowings</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">11</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,360,712</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,765,706</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred tax liabilities</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,276,540</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,329,722</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Income tax and social contribution payable <sup>(i)</sup></font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,351,034</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Taxes and contributions payable</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">786,774</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">681,424</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Put option granted on subsidiary and other liabilities</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">895,869</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">471,792</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Provisions</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">523,820</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">765,370</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Employee benefits</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,221,737</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,137,657</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Non-current liabilities</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">10,599,000</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,416,495</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total liabilities</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">34,080,745</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">37,190,145</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Equity</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">13</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Issued capital</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">57,614,140</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">57,614,140</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Reserves</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">64,312,852</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">64,230,028</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Carrying value adjustments</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(76,460,461)</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(77,019,120)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Retained earnings</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,699,578</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Equity attributable to equity holders of Ambev</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">47,166,109</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">44,825,048</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,773,569</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,826,225</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total Equity</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">48,939,678</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">46,651,273</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=54% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total equity and liabilities</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">83,020,423</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">83,841,418</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">(i) During the third quarter, the Company joined a
Special Program for Tax Regulation (&quot;PERT 2017&quot;). Additional
information regarding the adherence are disclosed on Note 1 - Corporate
information.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">The accompanying notes are an integral part of these interim
consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>


<a name="_bclFooter2"></a><DIV>

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<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">Interim Consolidated Income Statements</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">For
the nine and three-month period ended September 30, 2017 and 2016</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">(Expressed in thousands of Brazilian
Reais)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=28% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Note</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net sales</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">15</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">32,872,061</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">32,425,090</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">11,362,303</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">10,482,788</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cost of sales</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(13,053,452)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(12,070,380)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,482,122)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,215,459)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gross profit</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19,818,609</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">20,354,710</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,880,181</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,267,329</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Distribution expenses</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,504,781)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,444,759)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,526,069)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,471,816)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Sales and marketing expenses</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,242,114)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,509,576)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,444,972)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,480,156)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Administrative expenses</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,604,906)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,592,244)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(528,467)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(505,055)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other operating income/(expenses), net</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">16</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">766,986</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,065,103</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">253,590</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">341,636</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Exceptional items</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(81,272)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(43,568)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(20,493)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(15,103)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Income from operations</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">10,152,522</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">10,829,666</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,613,770</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,136,835</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Finance cost</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">18</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,679,013)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,389,909)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(861,063)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(860,461)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Finance income</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">18</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">432,664</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">596,088</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">186,131</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">137,828</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net finance cost</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,246,349)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,793,821)</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(674,932)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(722,633)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Share of results of associates</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,766</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,544)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,535)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(9,381)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Income before income tax</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,907,939</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,034,301</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,934,303</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,404,821</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Income tax expense</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,356,785)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">215,362</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,797,813)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">778,328</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net income</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,551,154</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,249,663</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">136,490</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,183,149</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Attributable to:</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Equity holders of&#160; Ambev</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,212,506</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,874,251</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">223</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,061,232</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">338,648</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">375,412</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">136,267</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">121,917</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Basic earnings per share &#8211; common - R$</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">0.27</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">0.50</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">0.00</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">0.20</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=34% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Diluted earnings per share &#8211; common - R$</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">0.27</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">0.50</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">0.00</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">0.19</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">The accompanying notes are an integral part of these interim
consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>


<a name="_bclFooter3"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">3</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interim Consolidated
Statements of Comprehensive Income</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">For
the nine and three-month period ended September 30, 2017 and 2016</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(Expressed in thousands of Brazilian Reais)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=27% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net income</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,551,154</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,249,663</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">136,490</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,183,149</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Items that will not be reclassified to
  profit or loss:</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Full recognition of actuarial
  gains/(losses)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">173,741</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,732</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">13,972</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">580</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Items that may be reclassified
  subsequently to profit or loss:</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Exchange differences on translation of
  foreign operations (gains/(losses)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.6pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Investment hedge in foreign operations</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">23,331</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.6pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Investment hedge -&#160; put option granted on subsidiary</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">162,198</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">703,583</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">154,143</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(8,763)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.6pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gains/losses on translation of other foreign
  operations </font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(139,392)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,748,244)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(891,446)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(76,653)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.65pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gains/losses on translation of foreign operations </font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">22,806</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,021,330)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(737,303)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(85,416)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cash flow hedge - gains/(losses)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.6pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Recognized in Equity (Hedge reserve)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(77,026)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(611,896)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(70,771)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">69,686</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.6pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Removed from Equity (Hedge reserve) and included in
  profit or loss</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">397,014</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(571,052)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">90,965</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(52,412)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.65pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total cash flow hedge</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">319,988</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,182,948)</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">20,194</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17,274</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other comprehensive (loss)/income</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">516,535</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(5,202,546)</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(703,137)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(67,562)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total comprehensive income</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,067,689</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,047,117</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(566,647)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,115,587</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Attributable to:</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;&#160; Equity holders of Ambev</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,771,855</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,214,139</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(634,229)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,088,961</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;&#160; Non-controlling interest</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">295,834</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(167,022)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">67,582</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">26,626</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">The accompanying notes are an integral part of these interim
consolidated financial statements. The consolidated statements of comprehensive
income are presented net of income tax. The income tax effects of these items
are disclosed in note 8 - </font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">Deferred income tax and social contribution.</font></i></p>




<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>









<a name="_bclFooter4"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">4</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interim Consolidated Statements of Changes in Equity</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">For the nine-month
period ended September 30, 2017 and 2016</font></b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;"> </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(Expressed in thousands of Brazilian Reais)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=6 valign=bottom width=55% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Attributable to equity holders of Ambev </font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;</font></b><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Capital </font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Capital
  reserves </font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Net
  income reserves </font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Retained
  earnings </font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Carrying value adjustments</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Total </font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Non-controlling
  interests</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total
  equity</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">At January 1, 2017</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">57,614,140</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">54,529,780</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,700,248</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(77,019,120)</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">44,825,048</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,826,225</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">46,651,273</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Net Income </font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,212,506</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,212,506</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">338,648</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,551,154</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Comprehensive income:</font></i></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gains/(losses) on translation of foreign
  operations</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">64,057</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">64,057</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(41,251)</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">22,806</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cash flow hedges</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">321,483</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">321,483</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,495)</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">319,988</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Actuarial gain/(losses)</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">173,809</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">173,809</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(68)</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">173,741</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total comprehensive income </font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,212,506</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">559,349</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,771,855</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">295,834</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,067,689</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gains/(losses) of controlling interest&#180;s
  share</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(690)</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(690)</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">32,487</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">31,797</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Dividends distributed</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,513,077)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,513,077)</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(380,977)</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,894,054)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Acquired shares and result on treasury
  shares</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,627</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,627</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,627</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Share-based payment</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">76,197</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">76,197</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">76,197</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Prescribed dividends</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">149</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">149</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">149</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">At September 30, 2017</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">57,614,140</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">54,612,604</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,700,248</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,699,578</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(76,460,461)</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">47,166,109</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,773,569</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">48,939,678</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">The accompanying notes are an integral part of these interim
consolidated financial statements. </font></p>

<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>




<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>


<a name="_bclFooter5"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">6</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interim Consolidated Statements of Changes in Equity
(continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">For the nine-month
period ended September 30, 2017 and 2016</font></b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;"> </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(Expressed in thousands of Brazilian Reais)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=6 width=55% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Attributable to equity holders of Ambev </font></b></p>
  </td>
 <td width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;</font></b><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Capital </font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Capital
  reserves </font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Net
  income reserves </font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Retained
  earnings </font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Carrying value adjustments</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Total </font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Non-controlling
  interests</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total
  equity</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">At January 1, 2016</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">57,614,140</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">54,373,451</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,201,323</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(71,857,031)</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">48,331,883</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,001,750</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">50,333,633</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=top width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Net Income </font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,874,251</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,874,251</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">375,412</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,249,663</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Comprehensive income:</font></i></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gains/(losses) on translation of foreign
  operations</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,476,587)</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,476,587)</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(544,743)</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,021,330)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cash flow hedges</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,185,257)</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,185,257)</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,309</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,182,948)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Actuarial gain/(losses)</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,732</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,732</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,732</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total comprehensive income </font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,874,251</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,660,112)</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,214,139</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(167,022)</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,047,117</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Option granted on subsidiary</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(144,160)</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(144,160)</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(144,160)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gains/(losses) of controlling interest&#180;s share</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(8,404)</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(8,404)</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">37,839</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">29,435</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Dividends distributed</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,040,800)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,040,800)</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(140,253)</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,181,053)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest on shareholders&#180; equity</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,039,171)</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,039,171)</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,039,171)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Acquired shares and result on treasury
  shares</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">90,618</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">90,618</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">90,618</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Share-based payment</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">26,815</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">26,815</font></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">26,815</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Prescribed dividends</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">686</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">686</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">686</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">At September 30, 2016</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">57,614,140</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">54,490,884</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,162,152</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,834,137</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(76,669,707)</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">47,431,606</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,732,314</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">49,163,920</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;margin-left:0pt;margin-right:0in;margin-top:0in;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">The
accompanying notes are an integral part of these interim consolidated financial
statements. </font></p>

<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:10.0pt;margin-left:0pt;margin-right:0in;margin-top:0in;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>









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<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 108%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Interim Consolidated Cash Flow Statements</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">For the nine and three-month period ended September 30, 2017 and 2016</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(Expressed in thousands of Brazilian Reais)</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Six-month period ended:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Three-month period ended:</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Note</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net income</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,551,154</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,249,663</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">136,490</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,183,149</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Depreciation, amortization and impairment</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,617,635</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,595,170</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">917,670</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">847,504</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Impairment losses on receivables and inventories</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">121,533</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">165,706</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">50,723</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">93,798</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Additions/(reversals) in provisions and employee benefits</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">165,196</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">216,807</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">91,902</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">66,641</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net finance cost</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">18</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,246,349</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,793,821</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">674,932</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">722,633</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Losses/(gain) on sale of property, plant and equipment and intangible assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(5,379)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(39,780)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,690)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(11,610)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Losses/(gain) on sale of operations in associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(41,357)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(41,357)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Equity-settled share-based payment expense</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">20</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">127,193</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">124,882</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">40,811</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">39,333</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income tax expense</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">19</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,356,785</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(215,362)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,797,813</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(778,328)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Share of result of associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,766)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,544</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,535</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,381</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Other non-cash items included in the profit</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">269,376</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(769,982)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">82,260</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(60,357)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash flow from operating activities before changes in working capital and use of provisions</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">13,406,719</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">13,122,469</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,753,089</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,112,144</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(Increase)/decrease in trade and other receivables</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,008,572</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">422,509</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(52,311)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(215,613)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(Increase)/decrease in inventories</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(84,356)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(321,325)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">201,360</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">89,650</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Increase/(decrease) in trade and other payables</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,563,692)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,441,359)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">338,988</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,065,118</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash generated from operations</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">10,767,243</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,782,294</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,241,126</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,051,299</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest paid</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(407,117)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(615,185)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(156,178)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(150,876)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest received</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">214,183</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">481,102</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">78,141</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">73,200</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Dividends received</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,200</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12,695</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,241</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(12,406)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income tax paid</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,606,431)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(5,249,293)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(600,382)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(416,663)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash flow from operating activities</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,973,078</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,411,613</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,563,948</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,544,554</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Proceeds from sale of property, plant and equipment and intangible assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">33,008</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">72,579</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,205</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">23,799</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Acquisition of property, plant and equipment and intangible assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,038,169)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,760,538)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(727,630)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(901,999)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Acquisition of subsidiaries, net of cash acquired</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(332,312)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,776,234)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(871)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">56,637</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Investment in short term debt securities and net proceeds/(acquisition) of debt securities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">280,818</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(57,183)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(10,338)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(17,693)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net proceeds/(acquisition) of other assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">85,827</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">200</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">84,269</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">96</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash flow from investing activities</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,970,828)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,521,176)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(647,365)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(839,160)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Proceeds/(repurchase) of treasury shares</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(44,722)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,089)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(11,954)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,452</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Proceeds from borrowings</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,788,670</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,414,574</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">194,356</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,511,351</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Repayment of borrowings</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,609,008)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,412,347)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,665,947)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(876,817)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash net of finance costs other than interests</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(552,357)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,668,095)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">165,702</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(731,132)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Payment of finance lease liabilities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(6,782)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,170)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,291)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(613)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends and Interest on shareholder&#180;s equity paid</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,864,792)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,345,803)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,649,794)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,159,773)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash flow from financing activities</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(6,288,991)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(6,016,930)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,969,928)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,255,532)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net&nbsp; increase/(decrease) in cash and cash equivalents</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">713,259</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(6,126,493)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(53,345)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,449,862</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash and cash equivalents less bank overdrafts at beginning of year <SUP>(i)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,876,849</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">13,617,622</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,730,281</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,552,293</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Effect of exchange rate fluctuations&nbsp; </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(249,420)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(436,176)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(336,248)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">52,798</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash and cash equivalents less bank overdrafts at end of year <SUP>(i)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,340,688</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,054,953</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,340,688</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,054,953</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">(i) Net of bank overdrafts.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 108%" color=windowtext face="Times New Roman">The accompanying notes are an integral part of these interim </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 108%" color=windowtext face="Times New Roman">consolidated financial statements</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 108%" color=windowtext face="Times New Roman">. </FONT></P>

<a name="_bclFooter7"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>8</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">Notes to the
interim consolidated financial statements:</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">1.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Corporate
  information</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">2.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Statement
  of compliance</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">3.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Summary
  of significant accounting policies</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">4.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Use
  of estimates and judgments</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">5.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Cash
  and cash equivalents</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">6.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Investment
  securities </font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">7.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Inventories</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">8.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Deferred
  income tax and social contribution</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">9.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Property,
  plant and equipment</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">10.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Goodwill</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">11.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Interest-bearing
  loans and borrowings</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">12.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Provisions</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">13.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Changes in
  equity</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">14.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Segment
  reporting</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">15.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Net Sales</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">16.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Other
  operating income/(expenses)</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">17.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Exceptional
  items</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">18.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Finance cost
  and income</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">19.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Income tax and
  social contribution </font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">20.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Share-based
  payments</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">21.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Financial
  instruments and risks</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">22.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Collateral and
  contractual commitments, advances from customers and other</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">23.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Contingencies</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">24.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Non-cash items</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">25.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Related
  parties</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">26.</font></p>
  </td>
 <td valign=bottom width=89% style="border-bottom:solid windowtext 1.0pt;height:14.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;line-height:115%;text-autospace:ideograph-other;">Events after
  the reporting period</font></p>
  </td>
 </tr>
</table></div>




<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>


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 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">9</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">1.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">CORPORATE
INFORMATION</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(a)</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font></b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">&#160;</font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Description of business</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Ambev
S.A. (</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">referred to as the
&#8220;Company&#8221; or &#8220;Ambev&#8221;),</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;"> headquartered in S&#227;o
Paulo, Brazil, produces and sells beer, draft beer, soft drinks, other
non-alcoholic beverages, malt and food in general. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">The Company&#8217;s
shares and ADR&#8217;s (American Depositary Receipts) are listed on the </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;">B3 S.A.- Brasil, Bolsa, Balc&#227;o</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;"> as &#8220;ABEV3&#8221; and
on the New York Stock Exchange (NYSE) as &#8220;ABEV&#8221;.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
Company&#8217;s direct controlling shareholders are Interbrew International B.V.
(&#8220;IIBV&#8221;), AmBrew S.A. (&#8220;Ambrew&#8221;), both subsidiaries of Anheuser-Busch InBev N.V.
(&#8220;AB InBev&#8221;) and Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia (&#8220;Funda&#231;&#227;o Zerrenner&#8221;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">The interim financial statements</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">
were approved by the Board of Directors on October 25, 2017.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(b)</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Major corporate events in
2016 and 2017:</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">During the third quarter, the
Company joined a Special Program for Tax Regulation, fixed by Provisional
Measure no. 783, from May 31, 2017, extended by the Provisional Measure no. 798
(&#8220;PERT 2017&#8221;), undertaking to&nbsp;pay&nbsp;some tax contingencies that were in
dispute, including debts from its subsidiaries, for a total amount of R$3.5
billion, already considering </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">discounts</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;"> according to the
program, undertaking to&nbsp;pay&nbsp;R$958 million this year (of which the
R$379 million has been paid on third quarter and R$579 million, plus interest
will be paid on last quarter) and the remaining value to pay in 145 monthly
installments, with interest, starting in January, 2018.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">In September 2017, the Quilmes,
subsidiary of Ambev, accepted the proposal of the AB InBev (&#8220;Agreement&#8221;) in the
context from another agreement between AB Inbev and the Chilean society
Compa&#241;ia Cervecer&#237;as Unidas S.A and its affiliates. Under&nbsp;the Agreement,
AB InBev licenses perpetually&nbsp;to the Quilmes, the brand Budweiser, among
others North-american brands in Argentina, and transfers to the Quilmes the
industrial plant of the Cerveceria Argentina Sociedade Anonima Isenbeck. In
contrast, the Quilmes transfers the local brands Norte, Iguana and Baltica
(including business assets related), along with USD 50 million of dollars. The
consummation of the&nbsp;transaction is conditioned to the approval of
&#8220;Comisi&#243;n Nacional de Defensa de la Competencia&#8221; (Argentine antitrust
governmental authority) and others usual closing conditions. Such approval nas
not been granted until publication of interim financial statements.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">On May 16th, 2017, the Board of
Directors of Ambev approved the execution, by and between the Company, or its
controlled entities, and financial institutions to be approved by </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">the Board of Officers, of equity swaps, having as
underlying asset the shares issued by the Company or American Depositary
Receipts representing these shares (&#8220;ADRs&#8221;). The settlement of the equity swap
will take place within a maximum period of 18 months from this date, and the
agreements may result in an exposure of up to 80 million common shares (of
which all or part may be through ADRs), with a limit value of up to R$ 1.5
billion.</font></p>
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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">In December 2016, we acquired
Cachoeira de Macacu Bebidas Ltda. from Brasil Kirin Ind&#250;stria de Bebidas Ltda.,
a company that owns an operating industrial plant for the production and
packaging of beer and non-alcohol&nbsp; beverages&nbsp; in the State of Rio de
Janeiro for R$478,621. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">On
May 12, 2016, Ambev and its controlling shareholder, AB InBev, entered into an agreement
for the exchange of shareholdings (&#8220;Swap&#8221;). The execution of the Swap was
conditional on the implementation of the merger of the activities of AB InBev
and SABMiller Plc (&#8220;SABMiller&#8221;), which occurred on October 10, 2016.
Subsequently, on December 31, 2016, after the implementation of certain
preparatory corporate acts, the Swap was effected. Based on the agreement
described above, Ambev transferred to AB InBev the equity interest in Keystone
Global Corporation - KGC, which held shares in companies domiciled in Colombia,
Peru and Ecuador. On the other hand, AB InBev transferred to Ambev its interest
in Cerveceria Nacional S. de R.L., a subsidiary domiciled in Panama, which had
previously been acquired as a third party.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
value attributed to the transaction is based on a fairness opinion prepared by
a specialized company and duly approved by the Board of Directors of Ambev,
with abstention from the vote of the directors appointed by AB InBev.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
result of the transaction above mentioned was R$1,236,824, of which R$1,239,972
was recognized in the income statement on exceptional items.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">On
April, 2016, the Company, through its&nbsp;wholly-owned subsidiary Labatt
Breweries, in Canada, acquired the company Archibald Microbrasserie, known for
its local beers and seasonal specialties. Furthermore, in Brazil, acquired 66%
of the company Sucos do Bem, which has a range of juices, teas and cereal bars.
The acquisition amount added was approximately R$155 million. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">On
January, 2016, Ambev, through its&nbsp;wholly-owned subsidiaries, CRBS S.A. and
Ambev Luxembourg, acquired companies to a range of primarily spirit&#173;-based
beers and ciders from Mark Anthony Group, by R$1.4 billion.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">2.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">STATEMENT
OF COMPLIANCE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
consolidated financial statements have been prepared using the accounting basis
of going concern and are being presented in accordance with IAS 34 - Interim
Financial Reporting as issued by the International Accounting Standards Board
(&#8220;IASB&#8221;). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>


<a name="_bclFooter10"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">11</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The information does not meet all
disclosure requirements for the presentation of full annual financial
statements and thus should be read in conjunction with the consolidated
financial statements prepared in accordance with International Financial
Reporting Standards (&#8220;IFRS&#8221;) for the year ended December 31, 2016. To avoid
duplication of disclosures which are included in the annual financial
statements, the following notes were not subject to full filling:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(a)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Summary
of significant accounting policies (Note 3);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(b)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Exceptional items (Note
8);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(c)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Payroll
and related benefits (Note 9); </font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(d)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Additional information on
operating expenses by nature (Note 10);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(e)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Intangible
assets (Note 15);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(f)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Trade
receivable (Note 19);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(g)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Changes in equity (Note
21);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(h)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Interest-bearing loans and
borrowings (Note 22);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(i)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Employee
benefits (Note 23);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(j)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Trade
payables (Note 25);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(k)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Operating leases (Note 28);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(l)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Contingencies
(Note 30);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(m)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;"> </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Group Companies (Note 34);</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(n)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Insurance (Note 35)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Management
declares that all relevant information specific to the interim financial statements,
and only them, are being evidenced and correspond to those used by Management
in its business management.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-indent:-14.2pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">3.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">There
were no significant changes in accounting policies and calculation methods used
for the interim financial statements as of September 30, 2017 in relation to
those presented in the financial statements for the year ended December 31, 2016.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(a)</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Basis of preparation and
measurement</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">The interim financial
statements are presented in </font><font color=black face="times new roman" lang=EN-NZ style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">thousands</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;"> of Brazilian Real (&#8220;R$&#8221;), </font><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">unless
otherwise indicated, rounded to the nearest </font><font color=black face="times new roman" lang=EN-NZ style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">thousand</font><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;"> indicated</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">. Depending on the applicable IFRS requirement, the
measurement basis used in preparing the interim financial statements is
historical cost, net realizable value, fair value or recoverable amount. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(b)</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp; </font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Recently issued IFRS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">The reporting standards below were published and are
mandatory</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;"> for future annual </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">reporting </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">periods</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">. There were no early adoption of standards and
amendments to standards </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">however the Company is in the
evaluation phase of the revised standards, as well the possible impacts.</font></p>
<a name="_bclFooter11"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">12</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_12"></a><a name="_bclPageBorder12"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">IFRS
9 Financial Instruments </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">The IFRS 9, which will replace IAS 39, introduces a
logical approach for the classification of financial assets, which is driven by
cash flow characteristics and the business model in which an asset is held;
defines a new expected-loss impairment model that will require more effective recognition;
and introduces a substantially-reformed model for hedge accounting, with
enhanced disclosures about risk management activity. The new hedge accounting
model represents a significant overhaul that aligns the accounting treatment
with risk management activities. IFRS 9 also reduces the volatility in profit
or loss that was caused by changes in the credit risk of liabilities elected to
be measured at fair value. IASB issued IFRS 9, which will be effective for
annual periods beginning on or after January 1<sup>st</sup>, 2018. The early
adoption is not permitted by the Brazilian Accounting Pronouncements Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">IFRS
15 Revenue from Contracts with Customers </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">IFRS 15 requires revenue recognition to depict the
transfer of goods or services to customers in amounts that reflect the
consideration (that is, payment) to which the Company expects to be entitled in
exchange for those goods or services. The new standard will also result in
enhanced disclosures about revenue, provide guidance for transactions that were
not previously addressed comprehensively and improve guidance for
multiple-element arrangements. IASB issued IFRS 15, which will be effective for
annual periods beginning on or after January 1<sup>st</sup>, 2018. The early
adoption is not permitted by the Brazilian Accounting Pronouncements Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">IFRS
16 &#8211; Leases</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">The IFRS 16, which
supersedes IAS 17, replaces the existing lease accounting requirements and
represents a significant change in the accounting introducing the standardization
of accounting recognition for the lessee and will require the recognition of
the right to use and a lease liability. IASB issued IFRS 16, which will be
effective for annual periods beginning on or after January 1<sup>st</sup>,
2019, with earlier adoption.</font></p>

<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">4.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">USE
OF ESTIMATES AND JUDGMENTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">The preparation of interim
financial statements in conformity with IFRS requires Management to make
judgments, estimates and assumptions that affect the application of accounting practices
and the reported amounts of assets and liabilities, income and expenses. The
estimates and associated assumptions are based on past experience and various
other factors that are believed to be reasonable under the circumstances, the
results of which form the basis for decision making regarding the judgments
about carrying </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">amounts of assets and liabilities that
are not readily evident from other sources. Actual results may differ from
these estimates. </font></p>
<a name="_bclFooter12"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">13</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_13"></a><a name="_bclPageBorder13"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">The estimates and
assumptions are reviewed on a regular basis. Changes in accounting estimates
may affect the period in which they are realized, or future periods.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">Although each of its
significant accounting policies reflects judgments, assessments or estimates,
the Company believes that the following accounting practices reflect the most
critical judgments, estimates and assumptions that are important to its
business operations and the understanding of its results: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(i) predecessor basis of accounting;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(ii) business combinations;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(iii) impairment;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(iv) provisions;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(v) share-based payments;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(vi) employee benefits;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(vii) current and deferred tax;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(viii) joint arrangements; e</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">(ix) measurement of financial instruments, including
derivatives. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
fair values of acquired identifiable intangibles are based on an assessment of
future cash flows. Impairment analyses of goodwill and indefinite-lived
intangible assets are performed at least annually and whenever a triggering
event occurs, in order to determine whether the carrying value exceeds the
recoverable amount. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
company uses its judgment to select a variety of methods including the
discounted cash flow method and option valuation models and makes assumptions
about the fair value of financial instruments that are mainly based on market
conditions existing at each balance sheet date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Actuarial
assumptions are established to anticipate future events and are used in
calculating pension and other long-term employee benefit expense and liability.
These factors include assumptions with respect to interest rates, rates of
increase in health care costs, rates of future compensation increases, turnover
rates, and life expectancy.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
company is subject to income tax&nbsp;in numerous jurisdictions. Significant
judgment is required in determining the worldwide provision for income tax.
There are some transactions and calculations for which the ultimate tax
determination is uncertain. Some subsidiaries within the Company are involved
in tax audits usually in relation to prior years. These audits are ongoing in
various jurisdictions at the balance sheet date and, by their nature, these can
take considerable time until its conclusion. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>


<a name="_bclFooter13"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">14</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_14"></a><a name="_bclPageBorder14"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">5.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">CASH
AND CASH EQUIVALENTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cash</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">146,309</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">381,928</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Current bank accounts</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,599,410</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,467,339</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Short term bank deposits <sup>(i)</sup></font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,594,969</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,027,582</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cash and cash equivalents</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,340,688</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,876,849</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">(i) The balance refers mostly to Bank Deposit
Certificates - CDB, high liquidity, which are readily convertible into known
amounts of cash and which are subject to an insignificant risk of change in
value.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">6.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">INVESTMENTS
SECURITIES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;09/30/2017 </font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;12/31/2016 </font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=top width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Financial asset at fair value through
  profit or loss-held for trading</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,820</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">282,771</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=top width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Current investments securities</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,820</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">282,771</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=top width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=top width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Debt held-to-maturity</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">104,786</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">104,340</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=top width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Non-current investments securities</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">104,786</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">104,340</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">112,606</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">387,111</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">7.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">INVENTORIES
</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;09/30/2017 </font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;12/31/2016 </font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Finished goods </font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,842,311</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,445,462</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Work in progress</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">339,633</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">328,453</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Raw material</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,567,885</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,962,731</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Consumables</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">76,390</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">50,026</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Spare parts and other</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">467,475</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">447,167</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Prepayments</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">188,940</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">234,473</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Impairment losses</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(109,240)</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(121,260)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,373,394</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,347,052</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Write-offs/losses on inventories recognized in the
income statement amounted to </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">R$55,683 in the period
ended in September 30, </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">2017
(R$</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">86,395 in the period ended in September 30, </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">2016).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>


<a name="_bclFooter14"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">15</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_15"></a><a name="_bclPageBorder15"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">8.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">DEFERRED
INCOME TAX AND SOCIAL CONTRIBUTION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Deferred
taxes for income tax and social contribution taxes are calculated on tax
losses, the negative tax basis of social contributions and the temporary
differences between the tax bases and the carrying amount in the interim financial
statement of assets and liabilities. The rates of these taxes in Brazil, which
are expected at the realization of deferred taxes, are 25% for income tax and
9% for social contribution. For the other regions, with operational activity, expected
rates, are as follow:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.35pt;">
  <td valign=bottom width=67% style="height:11.35pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">Central
  America and the Caribbean</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.35pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">from 23% to
  31%</font></p>
  </td>
 </tr>
<tr style="height:11.35pt;">
  <td valign=bottom width=67% style="height:11.35pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">Latin
  America</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.35pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">from 14% to
  35%</font></p>
  </td>
 </tr>
<tr style="height:11.35pt;">
  <td valign=bottom width=67% style="height:11.35pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">Canada</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.35pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">26% </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Deferred tax assets are recognized to the extent that it
is probable that future taxable profit will be available to be used to offset
temporary differences / loss carry forwards based on projections of future
results prepared and based on internal assumptions and future economic
scenarios which may therefore change.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">The amount of deferred income tax and social
contribution by type of temporary difference is detailed as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=34% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Assets</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Liabilities</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Assets</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Liabilities</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Investment securities</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,465</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,465</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,030</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,030</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(666,142)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(666,142)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">649</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(733,894)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(733,245)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Employee benefits</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">520,556</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">520,556</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">467,582</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">467,582</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Trade payables</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,324,929</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(316,955)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,007,974</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">977,442</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(531,285)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">446,157</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Trade receivable</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">46,698</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">46,698</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">42,724</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">42,724</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Derivatives</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">125,196</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(11,094)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">114,102</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">71,134</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(110,735)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(39,601)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest-bearing loans and borrowings</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,372)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,372)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Inventories</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">187,584</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(18,450)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">169,134</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">267,430</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(13,778)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">253,652</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(952,036)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(952,036)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(905,676)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(905,676)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Withholding tax over undistributed profits</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(753,074)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(753,074)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(684,774)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(684,774)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Investments in associates</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(421,589)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(421,589)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(421,590)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(421,590)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest on shareholders&#8217; equity</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,649,042</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,649,042</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Loss carryforwards</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">902,609</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">902,609</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,139,818</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,139,818</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Provisions</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">300,984</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(53,632)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">247,352</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">448,879</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(44,738)</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">404,141</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Complement of income tax of foreign
  subsidiaries due in Brazil</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(34,671)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(34,671)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other items</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(25,771)</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(25,771)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(15,132)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(23,294)</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(38,426)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gross deferred tax assets / (liabilities)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,067,063</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,253,414)</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,813,649</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,409,556</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,471,136)</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(61,580)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Netting by taxable entity</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(976,874)</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">976,874</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,141,414)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,141,414</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=30% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net deferred tax assets / (liabilities)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,090,189</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,276,540)</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,813,649</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,268,142</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,329,722)</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(61,580)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">The Company only offsets the balances of deferred income
tax and social contribution assets against liabilities when they are within the
same entity and are expected to be realized in the same period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">Tax losses and negative bases of social contribution and
temporary deductible differences in Brazil, on which the deferred income tax
and social contribution were calculated, have no expiry date.</font></p>


<a name="_bclFooter15"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">16</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_16"></a><a name="_bclPageBorder16"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">At September 30, 2017 the assets and liabilities
deferred taxes related to combined tax losses has an expected
utilization/settlement by temporary differences as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=55% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred taxes not related to tax losses</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">to be realized until 12 months</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">to be realized after 12 months</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Investment securities</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,465</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,465</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(666,142)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(666,142)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Employee benefits</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">45,397</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">475,159</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">520,556</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Trade payables</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,324,929</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(316,955)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,007,974</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Trade receivable</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">41,606</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,092</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">46,698</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Derivatives</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">114,102</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">114,102</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Inventories</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">169,134</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">169,134</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(63,231)</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(888,805)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(952,036)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Withholding tax over undistributed profits</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(753,074)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(753,074)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Investments in associates</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(421,589)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(421,589)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest on shareholder&#180;s equity</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,649,042</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,649,042</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Complement of income tax of foreign
  subsidiaries due in Brazil </font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(34,671)</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(34,671)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Provisions</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">36,632</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">210,720</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">247,352</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other items</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(25,771)</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(25,771)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,282,940</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,371,900)</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">911,040</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred tax related to tax losses</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2017</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">332,486</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2018</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">315,629</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2019</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">233,757</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2020</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">20,737</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">902,609</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">As
at September 30, 2017, deferred tax assets in the amount of R$660,803 (R$455,616
in December 31, 2016) related to tax losses and temporary differences of
subsidiaries abroad were not recorded as the realization is not probable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Major
part of the fiscal losses amount do not have carryforward limit for utilization
and the tax losses carried forward in relation to them are equivalent to R$2,563,973
in September 30, 2017 (R$2,285,196 in December 31, 2016).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">The
net change in deferred income tax and social contribution is detailed as
follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">At December 31, 2016</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(61,580)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:17.75pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Remeasurement
  of postemployment benefits </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">13,301</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:17.75pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Investment hedge - put option of a subsidiary interest</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(83,557)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:17.75pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cash flow hedge - gains/(losses)</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(167,583)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:17.75pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gains/(losses) on translation of other foreign operations </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">214,846</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Recognized in other comprehensive income</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:white;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(22,993)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Recognized in income statement</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,617,537</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Changes directly in balance sheet</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">280,685</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Recognized in deferred tax</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">35,508</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Recognized in other group of balance sheet</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">245,177</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=80% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">At September 30, 2017</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,813,649</font></b></p>
  </td>
 </tr>
</table></div>




<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>


<a name="_bclFooter16"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">17</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_17"></a><a name="_bclPageBorder17"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">9.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">PROPERTY,
PLANT AND EQUIPMENT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=top width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=5 valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=top width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=top width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Land and buildings</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Plant and equipment</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Fixtures and fittings</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Under construction</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Acquisition cost</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Balance at end of previous year</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,330,123</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">22,764,314</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,584,187</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,740,739</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">37,419,363</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">36,685,586</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Effect of movements in foreign exchange</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(66,118)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(153,176)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(60,256)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(20,334)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(299,884)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,652,740)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Acquisitions through business combinations</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">228,489</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">228,489</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">700,372</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Acquisitions through stock exchange</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">433,849</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Disposals through stock exchange</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(571,349)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Acquisitions </font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,563</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">423,756</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">115,329</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,471,329</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,013,977</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,009,345</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Disposals</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(5,382)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(317,057)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(64,329)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(41)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(386,809)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,012,663)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Transfer to other asset categories</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">285,409</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">912,524</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">372,036</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,803,676)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(233,707)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(173,037)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">11,844</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,163)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">10,681</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Balance at end</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,776,084</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">23,642,205</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,946,967</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,386,854</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">38,752,110</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">37,419,363</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Depreciation and Impairment</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Balance at end of previous year</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,278,115)</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(13,075,250)</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,912,162)</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(18,265,527)</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(17,545,499)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Foreign exchange effects</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,525</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">33,043</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">25,796</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">62,364</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,137,065</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Disposals through stock exchange</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">345,919</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Depreciation</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(222,576)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,656,843)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(494,965)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,374,384)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,083,821)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Impairment losses</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(238)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(79,600)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,411)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(81,249)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(120,905)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Disposals</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">745</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">302,110</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">56,262</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">359,117</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">928,903</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Transfer to other asset categories</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,294)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17,659</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,070</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19,435</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">61,451</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,889</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,889</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">11,360</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Balance at end</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,498,953)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(14,449,992)</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,322,410)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(20,271,355)</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(18,265,527)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Carrying amount:</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">December 31, 2016</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,052,008</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,689,064</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,672,025</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,740,739</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19,153,836</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19,153,836</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=24% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">September 30, 2017</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,277,131</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,192,213</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,624,557</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,386,854</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">18,480,755</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Leases,
capitalizes interests and fixed assets provided as security are not material.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">10.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">GOODWILL</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Balance at end of previous year</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">30,511,200</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">30,953,066</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Effect of movements in foreign exchange</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">27,801</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,388,878)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Acquisitions and disposals through
  business combinations <sup>(i)</sup></font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,947,012</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other <sup>(ii)</sup></font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">394,559</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=60% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Balance at the end of year</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">30,933,560</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">30,511,200</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=PT-BR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">(i) It refers
mainly&#160; to the acquisition of Mark Anthony and Cerveceria Nacional in the
transaction of stock exchanges.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">(ii) It refers to
the change in provisional allocations of assets acquired and liabilities
assumed in the 2016 acquisitions.</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>


<a name="_bclFooter17"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">18</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The carrying amount of goodwill was allocated to the different cash-generating units as follows</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">:</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Functional currency</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">LAN:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Brazil</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">BRL</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">17,661,859</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">17,424,616</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp; Goodwill</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">102,904,492</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">102,667,249</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp; Non-controlling transactions <SUP>(i)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(85,242,633)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(85,242,633)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Dominican Republic</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">DOP</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,070,343</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,224,896</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cuba <SUP>(ii)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">USD</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,559</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,634</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Panama</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">PAB</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,101,200</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,060,063</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">LAS:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Argentina</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">ARS</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">460,770</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">517,934</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Bolivia</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">BOB</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,120,591</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,152,815</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Chile</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">CLP</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">43,500</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">42,722</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Paraguay</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">PYG</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">746,078</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">753,724</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Uruguay</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">UYU</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">162,234</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">165,767</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">NA:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Canada</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">CAD</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,564,426</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,165,029</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="39%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30,933,560</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30,511,200</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman">(i) It refers to the stock exchange operation occurred in 2013 in result of the adoption of the predecessor basis of accounting.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman">(ii) The functional currency of Cuba, the Cuban convertible peso (CUC), has fixed parity with the dollar (USD) at balance sheet date.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">11.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">INTEREST-BEARING LOANS AND BORROWINGS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Secured bank loans</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,440,094</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,381,412</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Unsecured bank loans</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">483,353</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,910,139</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Debentures and unsecured bond issues</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">296,352</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Other unsecured loans</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">38,572</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">33,479</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial leasing</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,880</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,222</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Current liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,968,899</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,630,604</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Secured bank loans</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">671,150</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">665,786</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Unsecured bank loans</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">447,085</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">609,848</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Debentures and unsecured bond issues</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">102,255</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">100,803</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Other unsecured loans</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">112,801</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">356,236</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial leasing</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">27,421</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">33,033</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Non-current liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,360,712</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,765,706</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Additional information regarding the exposure of the Company to the risks of interest rate and foreign currency are disclosed on Note 21 &#8211; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Financial instruments and risks</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Contract clauses (covenants)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">In the period ended September 30, 2017, the Company's loans had equal rights to payment without subordination clauses. Except for the credit lines due to FINAME contracted by the Company with Banco Nacional de Desenvolvimento Econ&#244;mico e Social &#8211; BNDES (&#8220;BNDES&#8221;), where collateral is provided on assets acquired with the credit granted, the other loans and financing contracted by the Company provide for personal guarantees, or are unsecured. Most of the financial contracts provide for restrictive clauses (covenants), </FONT>


<FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">such as: financial covenants, including restrictions on new indebtedness; proof of company&#8217;s existence; maintenance, in use or in good conditions for the business, of the Company&#8217;s assets; restrictions on acquisitions, mergers, sale or disposal of its assets; disclosure of financial statements and balance sheets; and (prohibition related to new real guarantees for loans contracted, except if (i) expressly authorized under the loan agreement in question; or (ii) new loans contracted with financial institutions linked to the Brazilian government &#8211; including the BNDES &#8211; or foreign governments, whether multilateral financial institutions (e.g., World Bank) or located in jurisdictions in which the Company operates. </FONT></P>

<a name="_bclFooter18"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>19</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">On September 30, 2017, the Company was in compliance with all of its contractual obligations relating to its loans and financings.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">12.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">PROVISIONS</FONT></B></P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(a) Provision changes </FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Balance as of December 31, 2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Effect of changes in foreign exchange rates</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Additions</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Provisions used and reversed</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Balance as of September 30, 2017</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Restructuring</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,451</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">389</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(22)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,818</FONT></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Provision for contingencies</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Taxes on sales</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">247,185</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(32)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">80,861</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(124,550)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">203,464</FONT></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income tax</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">323,458</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,623</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">162,325</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(334,430)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">152,976</FONT></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Labor</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">165,701</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,314)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">104,213</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(121,845)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">145,755</FONT></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Civil</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">43,961</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(376)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">41,948</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(56,892)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28,641</FONT></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Others</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">146,250</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(6,170)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">43,941</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(30,193)</FONT></P></TD>

   <TD style="HEIGHT: 10.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">153,828</FONT></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total of provision for contingencies</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">926,555</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,269)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">433,288</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(667,910)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">684,664</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.65pt">

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total of provisions </FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">934,006</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(6,880)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">433,288</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(667,932)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">692,482</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">Disbursement expectative</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Balance as of September 30, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1 year or less</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1-2 years</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2-5 years</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Over 5 years</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Restructuring</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,818</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,036</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">782</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Provision for contingencies</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Taxes on sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">203,464</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">25,716</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">159,399</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,442</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,907</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income tax</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">152,976</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">33,594</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">97,426</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">21,956</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Labor</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">145,755</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">77,245</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">35,494</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">25,842</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,174</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Civil</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28,641</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17,108</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,107</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,474</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">952</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Others</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">153,828</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,963</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">37,766</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">104,627</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,472</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total of provision for contingencies</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">684,664</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">161,626</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">339,192</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">158,341</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">25,505</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total of provisions</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">692,482</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">168,662</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">339,192</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">159,123</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">25,505</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<a name="_bclFooter19"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>20</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_20"></A>

<a name="_bclPageBorder20"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The expected settlement of provisions was based on management&#8217;s best estimate at the balance sheet date.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Main lawsuits with probable likelihood of loss:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">(a) Income and Sales taxes</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">In Brazil, the Company and its subsidiaries are involved in several administrative and judicial proceedings related to Income tax, ICMS, IPI, PIS and COFINS taxes. Such proceedings include, among others, tax offsets, credits and judicial injunctions exempting tax payment.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(b) Labor</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The Company and its subsidiaries are involved in labor proceedings with former employees or former employees of service providers. The main issues involve overtime and related effects and respective charges.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(c) Civil</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The Company is involved in civil lawsuits considered with probable likelihood of loss. The most relevant portion of these lawsuits refers to former distributors, mainly in Brazil, which are mostly claiming damages resulting from the termination of their contracts.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The processes with possible probabilities are disclosed in Note 23 </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">- Contingencies</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">13.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">CHANGES IN EQUITY</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(a) Capital stock</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Thousands&nbsp; of common shares</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Thousands&nbsp; of Real</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Thousands&nbsp; of common shares</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Thousands&nbsp; of Real</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Beginning balance as per statutory books</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,717,615</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">57,614,140</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,717,615</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">57,614,140</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share issued</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,717,615</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">57,614,140</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,717,615</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">57,614,140</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>21</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 13pt" color=windowtext face="Times New Roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 13pt" color=windowtext face="times new roman">&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 13pt" color=windowtext face="Times New Roman">Capital reserves</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Capital Reserves </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Treasury shares </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share Premium </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Others capital reserves </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Share-based Payments </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Total </FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At January 1, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(908,676)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">53,662,811</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">700,898</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,074,747</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">54,529,780</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Purchase of shares and result on treasury shares</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,627</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,627</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share-based payments</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">76,197</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">76,197</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At September 30, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(902,049)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">53,662,811</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">700,898</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,150,944</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">54,612,604</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At January 1, 2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,003,508)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">53,662,811</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">700,898</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,013,250</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">54,373,451</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Purchase of shares and result on treasury shares</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">90,618</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">90,618</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share-based payments</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">26,815</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">26,815</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At September 30, 2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(912,890)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">53,662,811</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">700,898</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,040,065</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">54,490,884</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(b.1) Treasury shares</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The treasury shares comprise own issued shares reacquired by the Company and the result on treasury shares that refers to gains and losses related to share-based payments transactions and others.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Follows the changes of treasury shares:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Purchase /realization shares</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Result on Treasure Shares</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total Treasure Shares</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom rowSpan=2 width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Thousands&nbsp; shares</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom rowSpan=2 width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Thousands&nbsp; Brazilian Real</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom rowSpan=2 width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Thousands&nbsp; shares</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom rowSpan=2 width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Thousands&nbsp; Brazilian Real</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">

   <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At January 1, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">16,512</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(312,670)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(596,006)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(908,676)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">

   <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Changes during the year</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(6,714)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">129,329</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(122,702)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,627</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">

   <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At September 30, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,798</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(183,341)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(718,708)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -3.45pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(902,049)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">

   <P style="MARGIN: 0in 0in 0pt 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At January 1, 2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">32,521</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(617,407)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(386,101)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,003,508)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">

   <P style="MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Changes during the year</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(14,499)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">275,496</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(184,878)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">90,618</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">

   <P style="MARGIN: 0in 0in 0pt 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At September 30, 2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18,022</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(341,911)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(570,979)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 38.7pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(912,890)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(b.2) Share premium</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The share premium refers to the difference between subscription price that the shareholders paid for the shares and theirs nominal value. Since this is a capital reserve, it can only be used to increase capital, offset losses, redemptions, reimbursement or repurchase shares.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<a name="_bclFooter21"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>22</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_22"></A>

<a name="_bclPageBorder22"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(b.3) Share-based payment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">There are different share-based payment programs and stock option plans which allow the senior management from Ambev economic group to receive or acquire shares of the Company. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The share-based payment reserve recorded a charge of </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">R$127,193 at September 30, 2017</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman"> (</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">R$124,882 at September 30, 2016</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">) (Note 20 &#8211; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Share-based payments</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">Net income reserves</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="78%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net income reserves</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Investment reserve </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Statutory reserve </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Fiscal incentive </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest on capital and dividends proposed </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Total</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At January 1, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,859,995</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,456</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,835,797</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,700,248</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At September 30, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,859,995</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,456</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,835,797</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,700,248</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At January 1,&nbsp; 2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,141,424</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,456</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,016,272</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,039,171</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,201,323</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest on shareholder&#180;s equity</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,039,171)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,039,171)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At September 30, 2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,141,424</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,456</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,016,272</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,162,152</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(c.1) Investments reserve</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">From net income after deductions applicable, will be aimed no more than 60% (sixty per cent) to investment reserve to support future investments.</FONT></P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(c.2) Statutory reserve</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">From net income, 5% will be applied before any other allocation, to the statutory reserve, which cannot exceed 20% of capital stock. The Company is not required to supplement the statutory reserve in the year when the balance of this reserve, plus the amount of capital reserves, exceeds 30% of the capital stock. </FONT></P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(c.3) Tax incentives</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">The Company has tax incentives framed in certain state and federal industrial development programs in the form of financing, deferred payment of taxes or partial reductions of the amount due. These state programs aim to promote the expansion of employment generation, regional decentralization, complement and diversify the industrial base of the States. In these states, the grace periods, enjoyment and reductions are permitted under the tax law.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">The portion of income for the period related to tax incentives, which will be allocated to the profit reserve at the end of the fiscal year on December 31, 2017 and therefore not being used as a basis for dividend distribution, is composed of:</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>23</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<a name="_bclPageBorder23"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

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<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;ICMS (Brazilian State value added) </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,266,665</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,099,627</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Income tax </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">172,176</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">163,666</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,438,841</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,263,293</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">(c.4) Interest on shareholders&#8217; equity / Dividends</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Brazilian companies are permitted to distribute interest attributed to shareholders&#8217; equity calculated based on the long-term interest rate (TJLP), such interest being tax-deductible, in accordance with the applicable law and, when distributed, may be considered part of the minimum mandatory dividends.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">As determined by its By-laws, the Company is required to distribute to its shareholders, as a minimum mandatory dividend in respect of each fiscal year ending on December 31,an amount not less than 40% of its net income determined under Brazilian law, as adjusted in accordance with applicable law, unless payment of such amount would be incompatible with Ambev&#8217;s financial situation. The minimum mandatory dividend includes amounts paid as interest on shareholders&#8217; equity.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Events during nine-month period ended September 30, 2017:</FONT></I></P>

<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></I>&nbsp;</P>

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<TR style="HEIGHT: 25.1pt">

   <TD style="HEIGHT: 25.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Event</FONT></B></P></TD>

   <TD style="HEIGHT: 25.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Approval</FONT></B></P></TD>

   <TD style="HEIGHT: 25.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Type</FONT></B></P></TD>

   <TD style="HEIGHT: 25.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Date of payment</FONT></B></P></TD>

   <TD style="HEIGHT: 25.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Year</FONT></B></P></TD>

   <TD style="HEIGHT: 25.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Type of share</FONT></B></P></TD>

   <TD style="HEIGHT: 25.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Amount per share</FONT></B></P></TD>

   <TD style="HEIGHT: 25.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Total amount</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.45pt">

   <TD style="HEIGHT: 14.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors Meeting</FONT></P></TD>

   <TD style="HEIGHT: 14.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">05/17/2017</FONT></P></TD>

   <TD style="HEIGHT: 14.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends</FONT></P></TD>

   <TD style="HEIGHT: 14.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">07/17/2017</FONT></P></TD>

   <TD style="HEIGHT: 14.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></P></TD>

   <TD style="HEIGHT: 14.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">ON</FONT></P></TD>

   <TD style="HEIGHT: 14.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.1600</FONT></P></TD>

   <TD style="HEIGHT: 14.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,513,077</FONT></P></TD></TR>

<TR style="HEIGHT: 12.15pt">

   <TD style="HEIGHT: 12.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 12.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 12.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 12.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 12.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 12.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 12.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 12.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,513,077</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></I>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Events during nine-month period ended September 30, 2016:</FONT></I></P>

<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></I>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 27.65pt">

   <TD style="HEIGHT: 27.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Event</FONT></B></P></TD>

   <TD style="HEIGHT: 27.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Approval</FONT></B></P></TD>

   <TD style="HEIGHT: 27.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Type</FONT></B></P></TD>

   <TD style="HEIGHT: 27.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Date of payment</FONT></B></P></TD>

   <TD style="HEIGHT: 27.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Year</FONT></B></P></TD>

   <TD style="HEIGHT: 27.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Type of share</FONT></B></P></TD>

   <TD style="HEIGHT: 27.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Amount per share</FONT></B></P></TD>

   <TD style="HEIGHT: 27.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Total amount</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15.1pt">

   <TD style="HEIGHT: 15.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors Meeting</FONT></P></TD>

   <TD style="HEIGHT: 15.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">01/15/2016</FONT></P></TD>

   <TD style="HEIGHT: 15.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest on shareholders' equity</FONT></P></TD>

   <TD style="HEIGHT: 15.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">02/29/2016</FONT></P></TD>

   <TD style="HEIGHT: 15.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015</FONT></P></TD>

   <TD style="HEIGHT: 15.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">ON</FONT></P></TD>

   <TD style="HEIGHT: 15.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.1300</FONT></P></TD>

   <TD style="HEIGHT: 15.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,039,171</FONT></P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors Meeting</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">06/24/2016</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">07/29/2016</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">ON</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.1300</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,040,800</FONT></P></TD></TR>

<TR style="HEIGHT: 13.4pt">

   <TD style="HEIGHT: 13.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 13.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 13.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 13.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 13.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 13.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 13.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 13.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,079,971</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></I>&nbsp;</P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="67%" colSpan=7>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Carrying value adjustments</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Translation reserves</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash flow hedge</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Actuarial gains/ (losses)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Options granted on subsidiary</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Gains/(losses) of non-controlling interest&#180;s share</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Business combination</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounting adjustments for transactions between shareholders </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At January 1, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(289,483)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(144,568)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,262,170)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,390,843)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,150,643</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">156,091</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(75,238,790)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(77,019,120)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Comprehensive income:</FONT></I></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Gains/</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(losses) on translation of&nbsp; foreign operations</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">64,057</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">64,057</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash flow hedges</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">321,483</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">321,483</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Actuarial gains/(losses)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">173,809</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">173,809</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Total Comprehensive income </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">64,057</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">321,483</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">173,809</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">559,349</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Gains/(losses) of controlling interest&#180;s share</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(690)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(690)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At September 30,&nbsp; 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(225,426)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">176,915</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,088,361)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,390,843)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,149,953</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">156,091</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(75,238,790)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(76,460,461)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At January 1, 2016 </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,472,291</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">932,109</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,131,499)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,246,679)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,123,565</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">156,091</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(75,162,909)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(71,857,031)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Comprehensive income:</FONT></I></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Gains/(losses) on translation of&nbsp; foreign operations</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,476,587)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,476,587)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash flow hedges</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,185,257)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,185,257)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Actuarial gains/(losses)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,732</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,732</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Total Comprehensive income </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,476,587)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,185,257)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,732</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,660,112)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options granted on subsidiary</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(144,160)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(144,160)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Gains/(losses) of controlling interest&#180;s share</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(8,404)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(8,404)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">At September 30,&nbsp; 2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,296)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(253,148)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,129,767)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,390,839)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,115,161</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">156,091</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(75,162,909)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(76,669,707)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>25</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<H5 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: char" color=windowtext face="Times New Roman">(d.1) Translation reserves</FONT></B></H5>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The translation reserves comprise all foreign currency exchange differences arising from the translation of the interim financial statements with functional currency different from the Real.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The translation reserves also comprise the portion of the gain or loss on the foreign currency liabilities and on the derivative financial instruments determined to be effective net investment hedges in conformity with IAS&nbsp;39.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<H5 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: char" color=windowtext face="Times New Roman">(d.2) Cash flow hedge reserves</FONT></B></H5>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The hedging reserves comprise the effective portion of the cumulative net change in the fair value of cash flow hedges to the extent the hedged risk has not yet impacted profit or loss (For additional information, see Note 21 &#8211; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Financial instruments and risks)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 13pt" color=windowtext face="times new roman">(d.3) Actuarial gains and losses</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The actuarial gains and losses include expectations with regards to the future pension plans obligations. Consequently, the results of actuarial gains and losses are recognized on timely basis considering best estimate obtained by Management. Accordingly, the Company recognizes on monthly basis the results of these estimated actuarial gains and losses according to the expectations presented based on an independent actuarial report.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The actuarial gain of R$158,509 arising from the surplus reverted to the Sponsor, originating from Ambev Private Pension Institute of the defined benefits plan was fully recorded under the heading of actuarial gains and losses.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 13pt" color=windowtext face="times new roman">(d.4) O</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 13pt" color=black face="times new roman">ptions</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 13pt" color=black face="times new roman"> granted on</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 13pt" color=black face="times new roman"> subsidiary</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">As part of the shareholders agreement between the Ambev and ELJ, an option to sell (&#8220;put&#8221;) and to purchase (&#8220;call&#8221;) was issued, which may result in an acquisition by Ambev of the remaining shares of CND, for a value based on EBITDA from operations, the &#8220;put&#8221; exercisable annually until 2019 and the &#8220;call&#8221; from 2019. On September 30, 2017 the put option held by ELJ is valued at R$5,056,141 (R$4,879,459 on December 31, 2016) and the liability categorized as &#8220;Level 3&#8221;, as the Note 21 (b) and in accordance with the IFRS 3. No value has been assigned to the call option held by the Company, since the likelihood of exercise is remote. The fair value of this consideration deferred was calculated by using standard valuation techniques (present value of the principal amount and future interest rates, discounted by the market rate). The criteria used are based on market information and from reliable sources and the fair value is revaluated on an annual basis.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">As part of the agreement to acquire the remaining shares of Sucos do Bem, a put option on interest in subsidiary determined by gross revenue of its products and exercisable from 2019 has been granted. On September 30, 2017 the option is valued at R$131,103 (R$127,718 on December 31, 2016).</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>26</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">As part of the acquisition agreement of all shares of the company Tropical Juice, a put option on interest in subsidiary exercisable from 2018 has been granted. On September 30, 2017 the option is valued at R$23,380 (R$23,380 on December 31, 2016).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The reconciliation of changes in these options is presented in Note 21 </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&#8211; Financial instruments and risks</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 13pt" color=windowtext face="times new roman">(d.5) Accounting for acquisition of non-controlling interests</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">In transactions with non-controlling interests of the same business, even when performed at arm's length terms, that present valid economic grounds and reflect normal market conditions, will be consolidated by the applicable accounting standards as occurred within the same accounting entity.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%" color=windowtext face="times new roman">As determined by IFRS 10, any difference between the amount paid (fair value) for the acquisition of non-controlling interests and are related to carrying amount of such non-controlling interest shall be recognized directly in controlling shareholders&#8217; equity. The acquisition of non-controlling interest related to Old Ambev, the above mentioned adjustment was recognized in the Carrying value adjustments when applicable.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>27</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">14.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">SEGMENT REPORTING</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Segment information is presented in thousands</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"> of Brazilian Reais (R$).</FONT></P>

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<P style="MARGIN: 0in 0in 10pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">(a)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">Reportable segments &#8211; nine-month periods ended in:</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">21,001,694</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">20,250,124</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,284,841</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,060,041</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,585,526</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,114,925</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">32,872,061</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">32,425,090</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cost of sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(8,671,620)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,767,608)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,880,816)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,623,274)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,501,016)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,679,498)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(13,053,452)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(12,070,380)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Gross profit</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12,330,074</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12,482,516</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,404,025</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,436,767</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,084,510</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,435,427</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">19,818,609</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">20,354,710</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Distribution expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,990,480)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,867,270)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(693,079)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(686,069)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(821,222)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(891,420)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,504,781)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,444,759)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Sales and marketing expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,729,285)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,797,785)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(817,849)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(951,111)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(694,980)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(760,680)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,242,114)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,509,576)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Administrative expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,116,598)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,053,314)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(289,084)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(298,694)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(199,224)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(240,236)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,604,906)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,592,244)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Other operating income/(expenses)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">748,100</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,118,220</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">14,707</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(36,276)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,179</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(16,841)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">766,986</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,065,103</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(43,779)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(23,833)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(37,493)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(12,114)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,621)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(81,272)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(43,568)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income from operations (EBIT)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,198,032</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,858,534</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,581,227</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,452,503</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,373,263</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,518,629</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">10,152,522</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">10,829,666</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net finance cost</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,605,039)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,748,915)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(559,057)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(380,970)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(82,253)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">336,064</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,246,349)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,793,821)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share of result of associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">660</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,944)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,106</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,400</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,766</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,544)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income before income tax</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,593,653</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,106,675</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,022,170</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,071,533</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,292,116</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,856,093</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,907,939</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,034,301</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax expense</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,227,655)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,064,210</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(652,760)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(416,229)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(476,370)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(432,619)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,356,785)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">215,362</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,365,998</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,170,885</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,369,410</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,655,304</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">815,746</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,423,474</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,551,154</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,249,663</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Normalized EBITDA</FONT></B><SUP><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(iii)</FONT></B></SUP></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,202,531</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,808,862</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,111,784</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,974,217</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,537,114</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,685,319</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12,851,429</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">13,468,398</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(43,779)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(23,833)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(37,493)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(12,114)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,621)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(81,272)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(43,568)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,960,720)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,926,495)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(493,064)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(509,600)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(163,851)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(159,069)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,617,635)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,595,164)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net finance costs</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,605,039)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,748,915)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(559,057)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(380,970)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(82,253)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">336,064</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,246,349)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,793,821)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share of results of associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">660</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,944)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,106</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,400</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,766</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,544)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax expense</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,227,655)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,064,210</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(652,760)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(416,229)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(476,370)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(432,619)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,356,785)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">215,362</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,365,998</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,170,885</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,369,410</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,655,304</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">815,746</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,423,474</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,551,154</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,249,663</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Normalized EBITDA margin in %</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">39.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">43.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">42.7%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">42.1%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">33.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">32.9%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">39.1%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">41.5%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Acquisition of property, plant and equipment</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,272,424</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,615,319</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">602,461</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">849,602</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">164,397</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">200,979</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,039,282</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,665,900</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12/31/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12/31/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12/31/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12/31/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Segment assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">47,649,485</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">50,935,027</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">11,249,747</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">11,149,019</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,883,653</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,245,718</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">68,782,885</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">71,329,764</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Intersegment elimination</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,461,812)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,968,045)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Non-segmented assets</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">17,699,350</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">16,479,699</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Total assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">83,020,423</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">83,841,418</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Segment liabilities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">18,008,792</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">22,958,871</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,506,128</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,576,413</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,657,959</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,275,676</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">27,172,879</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">31,810,960</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Intersegment elimination</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,461,813)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,968,045)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Non-segmented liabilities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">59,309,357</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">55,998,503</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Total liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">83,020,423</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">83,841,418</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(i) Latin America &#8211; North: includes operations in Brazil, Luxembourg&nbsp; and CAC (El Salvador, Guatemala, Nicaragua, Dominican Republic, Saint Vincent, Dominica,&nbsp; Antigua, Cuba,&nbsp; Barbados and Panama). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(ii) Latin America &#8211; South: includes operations in Argentina, Bolivia, Chile, Paraguay and Uruguay.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(iii) Normalized&nbsp; EBITDA is calculated excluding of the net income the following effects: (i) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax expense</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (ii) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share of results of associates</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (iii) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net finance result</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (iv) Exceptional items, and (v) Depreciation, amortization and impairment of property, plant and equipment.</FONT></P>

<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>28</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<P style="MARGIN: 0in 0in 10pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">(b)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">Reportable segments &#8211; three-month periods ended in:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Latin America - north <SUP>(i)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Latin America - south<SUP> (ii)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Canada</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Consolidated</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,196,331</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,440,677</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,434,805</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,272,750</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,731,167</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,769,361</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">11,362,303</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">10,482,788</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cost of sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,911,914)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,778,317)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(959,685)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(850,936)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(610,523)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(586,206)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,482,122)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,215,459)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Gross profit</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,284,417</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,662,360</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,475,120</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,421,814</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,120,644</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,183,155</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,880,181</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,267,329</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Distribution expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,003,911)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(970,162)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(221,157)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(212,328)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(301,001)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(289,326)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,526,069)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,471,816)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Sales and marketing expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(959,805)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(971,239)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(242,045)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(302,974)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(243,122)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(205,943)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,444,972)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,480,156)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Administrative expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(380,685)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(319,269)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(88,375)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(98,597)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(59,407)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(87,189)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(528,467)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(505,055)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Other operating income/(expenses)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">245,444</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">339,156</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,392</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,109</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,754</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,629)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">253,590</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">341,636</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(13,971)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(11,875)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(6,522)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,606)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">378</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(20,493)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(15,103)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income from operations (EBIT)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,171,489</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,728,971</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">923,413</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">811,418</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">518,868</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">596,446</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,613,770</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,136,835</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net finance cost</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(469,292)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(690,743)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(156,573)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(135,702)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(49,067)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">103,812</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(674,932)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(722,633)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share of result of associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,892)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(9,823)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">357</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">442</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,535)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(9,381)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income before income tax</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,697,305</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,028,405</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">766,840</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">675,716</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">470,158</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">700,700</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,934,303</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,404,821</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax expense</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,550,593)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,014,906</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(69,440)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(49,986)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(177,780)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(186,592)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,797,813)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">778,328</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(853,288)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,043,311</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">697,400</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">625,730</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">292,378</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">514,108</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">136,490</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,183,149</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Normalized EBITDA</FONT></B><SUP><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(iii)</FONT></B></SUP></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,851,411</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,377,909</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,101,759</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">973,581</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">598,763</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">647,941</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,551,933</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,999,431</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(13,971)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(11,875)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(6,522)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,606)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">378</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(20,493)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(15,103)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Depreciation, amortization and impairment excluding exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(665,951)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(637,063)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(171,824)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(158,557)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(79,895)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(51,873)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(917,670)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(847,493)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net finance costs</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(469,292)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(690,743)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(156,573)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(135,702)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(49,067)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">103,812</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(674,932)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(722,633)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share of results of associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,892)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(9,823)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">357</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">442</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,535)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(9,381)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax expense</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,550,593)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,014,906</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(69,440)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(49,986)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(177,780)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(186,592)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,797,813)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">778,328</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(853,288)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,043,311</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">697,400</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">625,730</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">292,378</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">514,108</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">136,490</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,183,149</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Normalized EBITDA margin in %</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">39.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">36.9%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">45.3%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">42.8%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">34.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">36.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">40.1%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">38.2%</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(i) Latin America &#8211; North: includes operations in Brazil, Luxembourg&nbsp; and CAC (El Salvador, Guatemala, Nicaragua, Dominican Republic, Saint Vincent, Dominica,&nbsp; Antigua, Cuba,&nbsp; Barbados and Panama).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(ii) Latin America &#8211; South: includes operations in Argentina, Bolivia, Chile, Paraguay and Uruguay.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(iii) Normalized&nbsp; EBITDA is calculated excluding of the net income the following effects: (i) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax expense</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (ii) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share of results of associates</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (iii) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net finance result</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (iv) Exceptional items, and (v) Depreciation, amortization and impairment of property, plant and equipment.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>29</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<P style="MARGIN: 0in 0in 10pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">(c)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">Additional information &#8211; by Business unit:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" colSpan=6>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman"></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nine-month period ended:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="42%" colSpan=6>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman"></FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Three-month period ended:</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Latin America - north</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="42%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Latin America - north</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">CAC</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Brazil</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Total</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">CAC</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Brazil</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Total</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Net sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,349,373</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,937,905</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">17,652,321</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">17,312,219</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">21,001,694</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">20,250,124</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,163,194</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">939,148</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">6,033,137</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">5,501,529</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">7,196,331</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">6,440,677</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Cost of sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,468,543)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,328,254)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(7,203,077)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(6,439,354)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(8,671,620)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(7,767,608)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(515,217)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(416,144)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,396,697)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,362,173)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,911,914)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,778,317)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Gross profit</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,880,830</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,609,651</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">10,449,244</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">10,872,865</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">12,330,074</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">12,482,516</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">647,977</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">523,004</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,636,440</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,139,356</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">4,284,417</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,662,360</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Distribution expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(384,705)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(299,410)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,605,775)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,567,860)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,990,480)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,867,270)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(131,144)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(94,117)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(872,767)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(876,045)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,003,911)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(970,162)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Sales and marketing expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(370,914)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(342,888)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,358,371)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,454,897)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,729,285)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,797,785)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(129,463)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(113,609)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(830,342)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(857,630)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(959,805)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(971,239)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Administrative expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(168,467)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(129,513)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(948,131)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(923,801)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,116,598)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,053,314)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(47,532)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(32,110)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(333,153)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(287,159)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(380,685)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(319,269)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Other operating income/(expenses)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">33,180</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,959</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">714,920</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,114,261</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">748,100</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,118,220</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">31,847</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(918)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">213,597</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">340,074</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">245,444</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">339,156</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(20,726)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,813)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(23,053)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(21,020)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(43,779)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(23,833)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(3,317)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,813)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(10,654)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(9,062)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(13,971)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(11,875)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Income from operations (EBIT)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">969,198</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">838,986</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">5,228,834</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">6,019,548</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">6,198,032</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">6,858,534</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">368,368</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">279,437</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,803,121</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,449,534</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,171,489</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,728,971</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Net finance cost</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(68,646)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(22,871)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,536,393)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,726,044)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,605,039)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,748,915)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(12,167)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(7,892)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(457,125)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(682,851)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(469,292)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(690,743)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Share of result of associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">7,944</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">17,410</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(7,284)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(20,354)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">660</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,944)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,946)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">4,362</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,946)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(14,185)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(4,892)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(9,823)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Income before income tax</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">908,496</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">833,525</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,685,157</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,273,150</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">4,593,653</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">4,106,675</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">354,255</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">275,907</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,343,050</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">752,498</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,697,305</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,028,405</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Income tax expense</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(240,208)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(254,130)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,987,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,318,340</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,227,655)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,064,210</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(85,097)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(86,944)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,465,496)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,101,850</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,550,593)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,014,906</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">668,288</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">579,395</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,697,710</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">4,591,490</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,365,998</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">5,170,885</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">269,158</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">188,963</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,122,446)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,854,348</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(853,288)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,043,311</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Normalized EBITDA <SUP>(i)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,282,985</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,085,553</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">6,919,546</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">7,723,309</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">8,202,531</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">8,808,862</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">474,156</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">353,247</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,377,255</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,024,662</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,851,411</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,377,909</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(20,726)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,813)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(23,053)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(21,020)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(43,779)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(23,833)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(3,317)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,813)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(10,654)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(9,062)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(13,971)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(11,875)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Depreciation. amortization and impairment excluding exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(293,061)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(243,754)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,667,659)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,682,741)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,960,720)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,926,495)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(102,471)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(70,997)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(563,480)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(566,066)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(665,951)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(637,063)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Net finance costs</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(68,646)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(22,871)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,536,393)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,726,044)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,605,039)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,748,915)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(12,167)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(7,892)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(457,125)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(682,851)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(469,292)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(690,743)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Share of results of associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">7,944</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">17,410</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(7,284)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(20,354)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">660</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,944)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,946)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">4,362</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,946)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(14,185)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(4,892)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(9,823)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Income tax expense</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(240,208)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(254,130)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,987,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,318,340</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,227,655)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,064,210</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(85,097)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(86,944)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,465,496)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,101,850</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(2,550,593)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,014,906</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">668,288</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">579,395</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,697,710</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">4,591,490</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,365,998</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">5,170,885</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">269,158</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">188,963</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(1,122,446)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1,854,348</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">(853,288)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2,043,311</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Normalized EBITDA margin in %</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">38.3%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">37.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">39.2%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">44.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">39.1%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">43.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">40.8%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">37.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">39.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">36.8%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">39.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">36.9%</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(i) Normalized EBITDA is calculated excluding of the net income the following effects: (i) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax expense</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (ii) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share of results of associates</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (iii) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net finance result</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (iv) Exceptional items, and (v) Depreciation, amortization and impairment of property, plant and equipment.</FONT></P>

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   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="42%" colSpan=6>

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman"></FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nine-month period ended:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" colSpan=6>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman"></FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Three-month period ended:</FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="42%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Brazil</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Brazil</FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Beer</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Soft drink and <BR>Non-alcoholic and <BR>non-carbonated</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Total </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Beer</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Soft drink and <BR>Non-alcoholic and <BR>non-carbonated</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Total </FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

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   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">15,104,848</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">14,745,971</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,547,473</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,566,248</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">17,652,321</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">17,312,219</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,188,029</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,734,535</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">845,108</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">766,994</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,033,137</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,501,529</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cost of sales</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(5,748,706)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(5,195,400)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,454,371)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,243,954)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,203,077)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(6,439,354)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,913,489)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,962,009)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(483,208)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(400,164)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,396,697)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,362,173)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Gross profit</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,356,142</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,550,571</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,093,102</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,322,294</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">10,449,244</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">10,872,865</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,274,540</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,772,526</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">361,900</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">366,830</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,636,440</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,139,356</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Distribution expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,114,480)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,090,777)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(491,295)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(477,083)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,605,775)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,567,860)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(710,131)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(717,653)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(162,636)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(158,392)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(872,767)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(876,045)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Sales and marketing expenses </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,197,848)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,305,630)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(160,523)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(149,267)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,358,371)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,454,897)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(760,454)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(823,825)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(69,888)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(33,805)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(830,342)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(857,630)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Administrative expenses </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(826,684)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(822,717)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(121,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(101,084)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(948,131)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(923,801)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(296,501)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(247,471)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(36,652)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(39,688)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(333,153)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(287,159)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Other operating income/(expenses) </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">563,688</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">887,918</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">151,232</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">226,343</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">714,920</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,114,261</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">162,628</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">268,692</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">50,969</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">71,382</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">213,597</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">340,074</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(19,553)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(19,382)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,500)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,638)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(23,053)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(21,020)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(8,993)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,921)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,661)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,141)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(10,654)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(9,062)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income from operations (EBIT)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,761,265</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,199,983</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">467,569</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">819,565</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,228,834</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,019,548</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,661,089</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,244,348</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">142,032</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">205,186</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,803,121</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,449,534</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net finance cost </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,536,393)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,726,044)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,536,393)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,726,044)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(457,125)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(682,851)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(457,125)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(682,851)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Share of result of associates </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,284)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(20,354)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,284)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(20,354)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,946)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(14,185)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,946)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(14,185)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income before income tax</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,217,588</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,453,585</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">467,569</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">819,565</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,685,157</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,273,150</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,201,018</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">547,312</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">142,032</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">205,186</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,343,050</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">752,498</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income tax expense </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,987,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,318,340</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,987,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,318,340</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,465,496)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,101,850</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,465,496)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,101,850</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,230,141</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,771,925</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">467,569</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">819,565</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,697,710</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,591,490</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,264,478)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,649,162</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">142,032</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">205,186</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,122,446)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,854,348</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Normalized EBITDA <SUP>(i)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,257,864</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,646,319</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">661,682</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,076,990</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,919,546</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,723,309</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,187,359</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,740,169</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">189,896</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">284,493</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,377,255</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,024,662</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(19,553)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(19,382)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,500)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,638)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(23,053)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(21,020)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(8,993)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,921)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,661)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,141)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(10,654)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(9,062)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Depreciation, amortization and impairment excluding exceptional items</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,477,046)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,426,954)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(190,613)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(255,787)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,667,659)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,682,741)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(517,277)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(487,900)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(46,203)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(78,166)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(563,480)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(566,066)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net finance costs </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,536,393)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,726,044)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,536,393)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,726,044)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(457,125)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(682,851)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(457,125)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(682,851)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Share of results of associates </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,284)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(20,354)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(7,284)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(20,354)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,946)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(14,185)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,946)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(14,185)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Income tax expense </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,987,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,318,340</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,987,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,318,340</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,465,496)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,101,850</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(2,465,496)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,101,850</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,230,141</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,771,925</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">467,569</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">819,565</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,697,710</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,591,490</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,264,478)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,649,162</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">142,032</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">205,186</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,122,446)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,854,348</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Normalized EBITDA margin in % </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">41.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">45.1%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">26.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">42.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">39.2%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">44.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">42.2%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">36.8%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">22.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">37.1%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">39.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">36.8%</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(i) Normalized EBITDA is calculated excluding of the net income the following effects: (i) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Income tax expense</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (ii) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Share of results of associates</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (iii) </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net finance result</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, (iv) Exceptional items, and (v) Depreciation, amortization and impairment of &nbsp;property, plant and equipment.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>31</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">15.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">NET SALES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman">The reconciliation between gross sales and net sales is as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

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   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Nine-month period ended:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Three-month period ended:</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="44%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">0<FONT style="FONT-SIZE: 9pt" face="Times New Roman">9</FONT>/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">09/30/2016</FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="44%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Gross sales<SUP>(i)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50,386,994</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">60,731,492</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17,284,655</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">16,802,235</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="44%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Excise duty</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(11,412,655)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(12,875,730)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,891,837)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(4,297,238)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="44%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Discounts<SUP>(i)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(6,102,278)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(15,430,672)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,030,515)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,022,209)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="44%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">32,872,061</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">32,425,090</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11,362,303</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,482,788</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">Variance resulting from the change in the billing method with direct effect on Gross sales and Discounts.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Services provided by distributors, such as the promotion of our brands and logistics services are considered as expense when separately identifiable.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 13pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 13pt" color=windowtext face="Times New Roman">16.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 13pt" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 13pt" color=windowtext face="Times New Roman">OTHER OPERATING INCOME / (EXPENSES)</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 13pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Nine-month period ended:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Three-month period ended:</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Government grants/NPV of long term fiscal incentives</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">646,836</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">970,350</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">219,305</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">297,185</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(Additions)/Reversals to provisions</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(47,854)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(47,141)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(20,153)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(18,284)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Gains/(losses) on disposal of property, plant and equipment, intangible assets and </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">operations in associates</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">46,736</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">39,780</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">44,047</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">11,610</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Other operating income/(expenses), net</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">121,268</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">102,114</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">10,391</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">51,125</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">766,986</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,065,103</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">253,590</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">341,636</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 13pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Government grants are not recognized until there is reasonable assurance that the Company will meet related conditions and that the grants will be received. Government grants are systematically recognized in income during the periods in which the Company recognizes as expenses the related costs that the grants are intended to offset.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 13pt" color=windowtext face="Times New Roman">17.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 13pt" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 13pt" color=windowtext face="Times New Roman">EXCEPTIONAL ITEMS</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The exceptional items included in the income statement are detailed below:</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Nine-month period ended:</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Three-month period ended:</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Restructuring</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(80,997)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(34,726)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(21,311)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(14,260)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Costs arising from business combinations</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,093)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(8,842)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(843)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Others</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">818</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">818</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(81,272)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(43,568)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(20,493)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(15,103)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The Company opted to exclude these items when measuring segment-based performance, as per Note 14 &#8211; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Segment reporting</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<a name="_bclFooter31"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>32</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_32"></a><a name="_bclPageBorder32"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">On
September 2017, the Company recorded </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">exceptional net finance cost of R$141 million &#8211; see Note 18 -</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">
</font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Finance cost and income</font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">
&#8211; and a exceptional income tax expense of R$3 billion &#8211; see Note 19 - </font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Income
tax and social contribution</font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;"> &#8211; related </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">to provisions and tax contingencies covered by PERT 2017
which Ambev applied for. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.0pt;">18.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:13.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.0pt;">FINANCE COST AND
INCOME</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.0pt;">(a)</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:13.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.0pt;">Finance costs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest expense</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,156,104)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,130,614)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(363,599)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(408,864)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Capitalized borrowings</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,276</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,319</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,659</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">468</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net Interest on pension plans</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(75,363)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(81,129)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(25,700)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(24,853)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Losses on hedging instruments </font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(500,462)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,282,567)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(108,572)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(285,297)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest on provision for contingencies</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(186,277)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(329,175)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(65,536)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(63,930)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Exchange variation</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(237,438)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(323,264)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(50,192)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,896)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Tax on financial transactions</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(114,817)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(119,630)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(43,202)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(28,987)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Bank guarantee expenses</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(64,226)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(67,715)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(20,396)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(22,040)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other financial results</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(205,577)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(59,134)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(44,500)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(24,062)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,537,988)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,389,909)</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(720,038)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(860,461)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Exceptional financial expenses</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(141,025)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(141,025)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,679,013)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,389,909)</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(861,063)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(860,461)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">The exceptional net finance cost refers to PERT 2017 which Ambev applied
for &#8211; see Note </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">19 - </font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">Income tax and social
contribution.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Interest
expenses are presented net of the effect of interest rate derivative financial
instruments which mitigate Ambev interest rate risk (Note 21 &#8211; </font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Financial
instruments and risks</font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">). The interest expense are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Financial liabilities measured at amortized cost</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(322,463)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(395,090)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(101,830)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(173,615)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Liabilities at fair value through profit or loss</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(815,780)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(704,609)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(261,025)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(224,632)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Fair value hedge - hedged items</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(19,798)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(39,738)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,902)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(10,618)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Fair value hedge - hedging instruments</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,937</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,823</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,158</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,156,104)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,130,614)</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(363,599)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(408,864)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.0pt;">(b)</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:13.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.0pt;">Finance income</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Interest income</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">333,837</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">427,913</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">107,414</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">139,134</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Gains on derivative</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">79,399</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">112,832</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">75,456</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,881)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Financial assets at fair value through
  profit or loss</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,659</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">40,633</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(950)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,399</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other financial results</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12,769</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">14,710</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,211</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,824)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">432,664</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">596,088</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">186,131</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">137,828</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>


<a name="_bclFooter32"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">33</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_33"></a><a name="_bclPageBorder33"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Interest income arises from the following financial assets:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cash and cash equivalents</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">141,657</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">174,937</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">55,408</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">41,284</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Investment securities held for trading</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">24,555</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">40,425</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,535</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17,070</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other receivables</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">167,625</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">212,551</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">42,471</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">80,780</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=44% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">333,837</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">427,913</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">107,414</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">139,134</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">19.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">INCOME
TAX AND SOCIAL CONTRIBUTION</font></b></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:13.0pt;text-autospace:ideograph-numeric ideograph-other;">Income taxes
reported in the income statement are analyzed as follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">06/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">06/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Income tax expense - current</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,974,322)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,695,445)</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,715,267)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(523,044)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred tax expense on temporary differences</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,854,746</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(93,497)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,002,111</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">353,066</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred tax over taxes losses
  carryforwards movements&#160; in the current period</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(237,209)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,004,304</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(84,657)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">948,306</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total deferred tax (expense)/income</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,617,537</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,910,807</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">917,454</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,301,372</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=46% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total income tax expenses</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,356,785)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">215,362</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,797,813)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">778,328</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:12.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:13.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">The
reconciliation from the weighted nominal to the effective tax rate is
summarized as follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=25% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=26% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Profit before tax</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,907,939</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,034,301</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,934,303</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,404,821</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Adjustment on taxable basis</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Non-taxable income </font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(242,631)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(313,941)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(74,602)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(50,364)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Government grants related to sales taxes </font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,266,665)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,099,627)</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(417,221)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(375,545)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Share of results of associates</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,766)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,544</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,535</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,381</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Non-deductible expenses</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">192,270</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">370,723</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">161,762</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(93,780)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Complement of income tax of foreign
  subsidiaries due in Brazil </font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">101,974</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">85,736</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">57,808</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(6,423)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Results of intercompany transactions non-taxable/not
  deductible in Brazil</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(236,485)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">766,278</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">62,598</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(149,641)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,454,636</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,845,014</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,729,183</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,738,449</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Aggregated weighted nominal tax rate</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">27,78%</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">29,58%</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">27,08%</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">26,95%</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Taxes payable &#8211; nominal rate </font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,793,301)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,320,521)</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(739,027)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(468,478)</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Adjustment on tax expense</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Regional incentives - income taxes</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">172,176</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">163,666</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">93,154</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">62,215</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deductible interest on shareholders'
  equity</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,649,042</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,150,640</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">995,659</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">31,942</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Tax savings from goodwill amortization on
  tax books</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">128,922</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">106,516</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">46,349</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">35,394</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Withholding tax over undistributed profits</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(282,934)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">179,056</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(107,332)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">261,072</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">PERT 2017</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,974,078)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,974,078)</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others with reduced taxation</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(256,612)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">936,005</font></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(112,538)</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">856,183</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Income tax and social contribution expense</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,356,785)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">215,362</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,797,813)</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">778,328</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=45% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Effective tax rate</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">42.45%</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-2.68%</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">95.35%</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-32.37%</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>


<a name="_bclFooter33"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">34</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_34"></a><a name="_bclPageBorder34"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">The main events that impacted the
effective tax rate in the period were:</font></p>

<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font color=black face=wingdings lang=EN-US style="font-size:12.0pt;line-height:115%;">&#167;</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#160;Government subsidy on sales taxes: The reduction of tax expense
reflects the deductibility of investment subsidies arising from deferred and
presumed ICMS credits.</font></p>

<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font color=black face=wingdings lang=EN-US style="font-size:12.0pt;line-height:115%;">&#167;</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Deductible Interest on net equity: Under Brazilian law, companies
have the option to distribute interest on equity (&#8220;JCP&#8221;), calculated based on
the long-term interest rate (&#8220;TJLP&#8221;), Which are deductible for income tax
purposes under the applicable legislation, which approximate amount to be
distributed until now is R$4,850,124 and the tax impact is R$1,649,042.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">The
contingencies covered by PERT 2017, includes a tax assessment that discusses
the calculation of income tax and social contribution on real profit instead of
the presumed profit method from Ambev&#8217;s &nbsp; subsidiary CRBS, which amount
was&nbsp;not provisioned until the second quarter of 2017, considering
its&nbsp;evaluation as possible loss. The total amount recognized as exceptional
expense was R$3,115 million, of which R$2,974 million (principal and fine) are
reported under the heading of Income tax and social contribution and R$141
million under the heading of </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;">finance cost and income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#3c3c3c face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">20.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">SHARE-BASED
PAYMENTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">There
are different share-based payment programs and stock option plans which allow
the senior management from the Company and its subsidiaries to receive or acquire
shares </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">of the Company</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">.
For all option plans, the fair value is estimated at grant date, using the Hull
binomial pricing model, modified to reflect the IFRS 2 requirement that assumptions
about forfeiture before the end of the vesting period cannot impact the fair
value of the option.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;"> </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">This current model of share based payment includes two
types of grants: Grant 1: the beneficiary may choose to allocate 30%, 40%, 60%,
70% or 100% of the amount related to the profit share he received in the year,
at the immediate exercise of options, thus acquiring the corresponding shares
of the Company, and the delivery of a substantial part of the acquired shares
is conditioned to the permanency in the Company for a period of five-years from
the date of exercise; Grant 2: the beneficiary may exercise the options after a
period of five years. </font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Additionally, as a means of a creating long term
incentive (wealth incentive) for certain senior employees and members of
management considered as having &#8220;high potential,&#8221; the Company issue share appreciation
rights in the form of phantom stocks or stocks to future delivery to those
employees, pursuant to which the beneficiary shall receive two separate lots &#8211;
Lot A and Lot B &#8211; subject to maturation periods of five and ten years,
respectively.</font></p>


<a name="_bclFooter34"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">35</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_35"></a><a name="_bclPageBorder35"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">In addition,
the Company has implemented a Stock Based Payment Plan under which certain
employees and members of the management of the Company or its direct or
indirect subsidiaries are eligible to receive shares of the Company including
in the form of ADR&#8217;s. The shares that are subject to the Stock Plan are
designated as &quot;Restricted Shares&quot; and the restricted share price for
the purposes of the stock plan will correspond to the price of the Company's shares
on B3 S.A.- Brasil, Bolsa, Balc&#227;o, in the trading session immediately prior to
the stock concession Restricted.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">The weighted average fair value of the options and assumptions
used in applying the A</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">mbev</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;"> option pricing model for the &#8220;Grant 2&#8221; of 2017 and 2016
grants are as follows: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">In R$, except when otherwise indicated</font></i></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(i)</font></b></sup></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(i)</font></b></sup></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Fair value of options granted</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5.54</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6.21</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Share price</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17.08</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17.18</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Exercise price</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17.08</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17.18</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Expected volatility</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">26.8%</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">27.0%</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Vesting year</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Expected dividends</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5%</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5%</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=64% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Risk-free interest rate </font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">10.0%</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(ii)</font></sup></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12.4%</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(ii)</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:110%;">(i)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:110%;">Information based on
weighted average plans granted, except for the expected dividends and risk-free
interest rate.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:110%;">(ii</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;">) The percentages
include the grants of stock options and ADR&#8217;s during the period, in which the
risk-free interest rate of ADR&#8217;s&#160; are calculated in U.S. dollar.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">The total number of
outstanding options developed as follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Thousand options</font></i></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Options outstanding at January 1<sup>st</sup></font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">131,244</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">121,770</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Options issued during the period</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,467</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">24,806</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Options exercised during the period</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(10,485)</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(11,613)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Options forfeited during the period</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,650)</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,719)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Options outstanding at ended period</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">122,576</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">131,244</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">The range of exercise prices of the outstanding options
is nearly zero (R$0.02 as of December 31, 2016) and </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">R$25.95</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;"> (R$28.32 as of December 31, 2016) and the weighted average
remaining contractual life is approximately</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">
6.09</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;"> years (5.96 years
as of December 31, 2016).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">Of the 122,576 thousand outstanding options (131,244
thousands of December 31, 2016), 42,559 thousand options are vested as at September
30, 2017 (52,780 thousands of December 31, 2016).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>


<a name="_bclFooter35"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">36</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_36"></a><a name="_bclPageBorder36"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">The weighted
average exercise price of the options is as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">In R$ per share</font></i></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;">Options outstanding at January 1<sup> st</sup></font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">13.87</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">12.36</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;">Options issued during the period</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">17.17</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">17.18</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;">Options forfeited during the period</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">17.07</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">12.83</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;">Options exercised during the period</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">4.91</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">2.52</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;">Options outstanding at ended period</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">14.40</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">13.87</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=69% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;">Options exercisable at ended period</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">3.81</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">3.66</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">For the options exercised during the period ended September
30,2017, the weighted average share price on the exercise date was R$18.39
(R$18.41 as of December 31, 2016).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">During the period, Ambev issued 496 thousand (7,329
thousand in 2016) deferred stock units related to exercise of the options in
the model &#8220;Grant 1&#8221;. These deferred stock units are valued at the share price
of the day of grant, representing fair value of approximately R$8,142 on September
30, 2017 (R$133,884 on December 31, 2016), and cliff vest after five years.</font></p>

<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">The
total number of shares purchased under the plan of shares by employees, whose
grant is deferred to future time under certain conditions (deferred stock), is
shown below:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=68% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Thousand deferred shares</font></i></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=68% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=68% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred shares outstanding at January 1<sup>st</sup></font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19,260</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19,056</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=68% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">New deferred shares during the period</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">496</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,329</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=68% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred shares granted during the period</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(2,821)</font></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(6,118)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=68% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred shares forfeited during the
  period</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(798)</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,007)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=68% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Deferred shares outstanding at ended
  period</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">16,137</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19,260</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Additionally, certain employees and directors of the
Company receive options to acquire AB Inbev shares, the compensation cost of
which is recognized in the income statement against equity</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;line-height:110%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">These share-based payments generated an expense of R$153,796
(R$146,657 for the nine-month period ended September 30, 2016), recorded as administrative
expenses.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.0pt;">21.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:13.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.0pt;">FINANCIAL
INSTRUMENTS AND RISKS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Risk factors</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">The
Company is exposed to foreign currency,
interest rate, commodity
price, liquidity and
credit risk in
the ordinary course of business. The Company analyzes
each of these risks both
individually and as a whole to define
strategies to
manage the
economic impact on Company&#8217;s
performance
consistent with its Financial
Risk Management Policy.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>


<a name="_bclFooter36"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">37</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_37"></a><a name="_bclPageBorder37"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The Company&#8217;s use of
derivatives strictly follows its Financial Risk Management Policy approved by
the Board of Directors. The purpose of the policy is to provide guidelines for
the management of financial risks inherent to the capital markets in which Ambev
carries out its operations. The policy comprises four main aspects: (i) capital
structure, financing and liquidity, (ii) transactional risks related to the
business, (iii) financial statements translation risks and (iv) credit risks of
financial counterparties.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
policy establishes that all the financial assets and liabilities in each
country where Ambev operates must be denominated in their respective local
currencies. The policy also sets forth the procedures and controls needed for
identifying, measuring and minimizing market risks, such as variations in
foreign exchange rates, interest rates and commodities (mainly aluminum, wheat,
corn and sugar) that may affect Ambev&#8217;s revenues, costs and/or investment amounts.
The policy states that all the known risks (e.g. foreign currency and interest)
shall be hedged by contracting derivative financial instruments. Existing risks
not yet recorded (e.g. future contracts for the purchase of raw material or
property, plant and equipment) shall be mitigated using projections for the
period necessary for the Company to adapt to the new costs scenario that may
vary from ten to fourteen months, also through the use of derivative financial
instruments. Most of the translation risks are not hedged. Any exception to the
policy must be approved by the Board of Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Derivative financial Instruments</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Derivative
financial instruments authorized by the Financial
Risk Management Policy are futures contracts
traded on exchanges, full deliverable forwards, non-deliverable forwards, swaps
and options. At September 30, 2017, the Company and its subsidiaries had no
target forward, swaps with currency verification or any other derivative
operations representing a risk level above the nominal value of their
contracts. The derivative operations are classified by strategies according to
their purposes, as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">i)
Cash flow hedge derivative instruments &#8211; The
highly probable forecast transactions contracted in order to minimize the
Company's exposure to fluctuations of exchange rates and prices of raw
materials, investments, equipment and services to be procured, protected by
cash flow hedges that shall occur at various different dates during the next
fourteen months. Gains and losses classified as hedging reserve in equity are
recognized in the income statement in the period or periods when the forecast and
hedged transaction affects the income statement. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">ii)
Fair value hedge derivative instruments &#8211; operations contracted with the
purpose of mitigating the Company&#8217;s net indebtedness against foreign exchange and
interest rate risk. Cash net positions and foreign currency debts are
continually assessed for identification of new exposures. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>


<a name="_bclFooter37"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">38</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_38"></a><a name="_bclPageBorder38"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The results of these operations,
measured according to their fair value, are recognized in financial results. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">iii) Net investment
hedge derivative instruments
&#8211;
transactions entered
into in order
to minimize exposure of
the exchange differences arising
from conversion of net
investment in the Company's subsidiaries located
abroad for
translation account balance. The effective portion
of the hedge is
allocated to
equity and the ineffectiveness portion is
recorded directly
in financial results.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;vertical-align:top;">The following tables summarize the exposure of the
Company that were identified and protected in accordance with the Company's
Risk Policy. The following denominations have been applied:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;vertical-align:top;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;vertical-align:top;">Operational Hedge: Refers to the exposures arising from
the core business of Ambev, such as: purchase of inputs, purchase of fixed assets
and service contracts linked to foreign currency, which is protected through
the use of derivatives.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;vertical-align:top;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;vertical-align:top;">Financial Hedge: Refers to the exposures arising from
cash and financing activities, such as: foreign currency cash and foreign
currency debt, which is protected through the use of derivatives.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;vertical-align:top;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;vertical-align:top;">Investment hedge abroad: Refers mainly to exposures arising
from cash hold in foreign currency in foreign subsidiaries whose functional
currency is different from the consolidation currency. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Investment hedge - </font><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Put option</font><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;"> granted on</font><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;"> subsidiary</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">: As detailed
in Note 13 (d.4) the Company constituted a liability related to acquisition of
Non-controlling interest in the Dominican Republic operations. This financial
instrument is denominated in Dominican Pesos and is recorded in a Company which
functional currency is the Real. The Company assigned this financial instrument
as a hedging instrument for part of its net assets located in the Dominican
Republic, in such manner the hedge result can be recorded in other
comprehensive income of the group, following the result of the hedged item.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;vertical-align:top;">&nbsp;</font></p>









<a name="_bclFooter38"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">39</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV>
&nbsp;
<A name=page_39></A>

<a name="_bclPageBorder39"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Transactions protected by derivative financial instruments in accordance with the Financial Risk Management Policy</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Nine-month period ended: 09/30/2017</FONT></B></P></TD>

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<TR style="HEIGHT: 10.2pt">

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fair Value</FONT></B></P></TD>

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   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Gain / (Losses)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Gain / (Losses)</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exposure</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Risk </FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Notional</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Assets</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Finance Result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Operational Result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Equity</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Finance Result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Operational Result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Equity</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cost</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(8,884,240)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,653,855</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">189,895</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(265,194)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(571,560)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(273,305)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">217,805</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(106,508)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(82,273)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(46,887)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Commodity&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,741,890)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,511,505</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">143,735</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(103,239)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(293)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">56,052</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,013)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,374</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,135</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(32,761)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(6,710,140)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,710,140</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,406</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(158,502)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(566,088)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(345,821)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">222,608</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(105,443)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(85,044)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17,556</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(112,257)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">112,257</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,106</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,281)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(4,035)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(516)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,858</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,267)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">680</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,357</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Mexican Pesos&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(319,953)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">319,953</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">38,648</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,172)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,144)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">16,980</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(9,648)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(172)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">956</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(33,039)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fixed Assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(746,941)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">746,941</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">436</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(12,472)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,270)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,156)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(701,624)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">701,624</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">436</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(12,312)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,313)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(643)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(45,317)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">45,317</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(160)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">43</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(513)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Expenses</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(184,748)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">184,748</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">62</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,322)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,652)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,929</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">352</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(222)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(171,293)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">171,293</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">24</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,855)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,678)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,512</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">962</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(154)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">443</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Rupee </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(13,455)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,455</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">38</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(467)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">26</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">417</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(610)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">157</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(665)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">475,731</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(475,731)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(5,101)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(69,649)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(68,515)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">490,731</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(490,731)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(5,091)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(69,654)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(68,515)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Interest rate&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(15,000)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,000</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(10)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debts</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(921,626)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">399,559</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">36,390</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,942)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(65,507)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(44,778)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(522,067)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(76,162)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(52,886)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Interest rate&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(399,559)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">399,559</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">36,390</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,942)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,655</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,108</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Equity Instrument</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,136,021)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">589,242</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">69,449</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">70,681</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">68,506</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Stock prices</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,136,021)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">589,242</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">69,449</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">70,681</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">68,506</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">As of September 30, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(12,397,845)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,098,614</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">296,232</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(288,031)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(640,957)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(269,376)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">218,157</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(152,448)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(82,260)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(47,109)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></SUP>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></SUP>&nbsp;</P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

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   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2016</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Nine-month period ended: 09/30/2016</FONT></B></P></TD>

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   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Three-month period ended: 09/30/2016</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fair Value</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Gain / (Losses)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Gain / (Losses)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exposure</FONT></B></P></TD>

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   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Risk</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Notional</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Assets</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Liability</FONT></B></P></TD>

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   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Finance Result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Operational Result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Equity</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Finance Result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Operational Result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Equity</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

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   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cost</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(8,807,524)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,624,076</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">190,727</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(582,809)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,088,390)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">769,982</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(994,377)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(298,625)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">60,357</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">84,069</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Commodity&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,742,763)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,559,315</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">136,502</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(43,743)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(126,074)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,783</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,990</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(6,566,888)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,566,888</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">36,042</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(491,299)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,091,364)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">843,111</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(926,244)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(295,723)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">39,921</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">68,411</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(135,235)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">135,235</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(4,685)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,561</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">56,035</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(65,360)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,541)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,771</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">26,375</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Mexican Pesos&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(359,191)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">359,191</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18,183</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(43,326)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,587)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,090)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(10,421)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(361)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(325)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(10,582)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Brazilian Real&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,447</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">244</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(135)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(135)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fixed Assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(523,088)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">523,088</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,009</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(76,101)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(176,536)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18,467</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(430,332)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">430,332</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,974</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(5,814)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(121,233)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,303</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(92,756)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">92,756</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">35</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(70,287)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(55,303)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,164</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Expenses</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(103,779)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">103,779</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">824</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,089)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">48,927</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(133,152)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(311)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,059</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(90,945)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">90,945</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">35</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,089)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,595)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(28,239)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(347)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">369</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(339)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">688</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">36</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Canadian&nbsp; Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50,861</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(106,291)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Rupee </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(12,834)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12,834</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">789</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">690</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">690</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,043,872</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,043,872)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,841</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">36,789</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(39,722)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">592,341</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(592,341)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,832</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(6,888)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(44,142)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">51,531</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(51,531)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">110</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,262</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">308</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Interest rate&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">400,000</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(400,000)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(101)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">35,415</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,112</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debts</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,547,901)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,000,198</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18,424</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(61,222)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(16,875)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,785</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,874,157)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,326,454</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,576</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(48,488)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,652)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,866</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Interest rate&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(673,744)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">673,744</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,848</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(12,734)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(15,223)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,081)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Foreign Investments</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,161)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">35,350</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(937)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">37,168</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">44</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,683</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Canadian Dollar </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(268)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,501)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Total</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(10,938,420)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,207,269</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">212,981</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(713,380)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,197,246)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">769,982</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1,092,179)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(315,406)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">60,357</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">85,128</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 10pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></SUP>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></SUP>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></SUP>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></SUP>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></SUP>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>41</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">I.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">Market risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></I></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">a.1) Foreign currency risk</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The Company is exposed to foreign currency risk on borrowings, investments, purchases, dividends and/or interest expense/income whenever they are denominated in currency other than the functional currency of the subsidiary. The main derivatives financial instruments used to manage foreign currency risk are futures contracts, swaps, options, non deliverable forwards and full deliverable forwards.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">a.2) Commodity Risk</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">A significant portion of the Company inputs comprises commodities, which historically have experienced substantial price fluctuations. The Company therefore uses both fixed price purchasing contracts and derivative financial instruments to minimize its exposure to commodity price volatility. The Company has important exposures to the following commodities: aluminum, sugar, wheat and corn. These derivative financial instruments have been designated as cash flow hedges.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">a.3) Interest rate risk</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The Company applies a dynamic interest rate hedging approach whereby the target mix between fixed and floating rate debt is reviewed periodically. The purpose of the Company&#8217;s policy is to achieve an optimal balance between cost of funding and volatility of financial results, taking into account market conditions as well as the Company&#8217;s overall business strategy and this strategy is reviewed periodically.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The table below demonstrates the Company&#8217;s exposure related to debts, before and after interest rates hedging strategy.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Pre - Hedge</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Post - Hedge</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Amount </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Amount </FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Brazilian Real</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.6%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">719,017</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.2%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">398,953</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dominican Peso</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9.7%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">273,711</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9.7%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">273,711</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.4%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">23,666</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.4%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">23,666</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Guatemala&#180;s Quetzal</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7.8%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,874</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7.8%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,874</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate pre-set</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,026,268</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">706,204</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Brazilian Real</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9.3%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">441,039</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8.2%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">761,104</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3.1%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">533,351</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3.1%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">533,350</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Canadian&nbsp; Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.1%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,324,217</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.1%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,324,217</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Barbadian Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.7%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,736</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.7%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,736</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate postfixed</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,303,343</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,623,407</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>42</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="54%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Pre - Hedge</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Post - Hedge</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Amount </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Amount </FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Brazilian Real</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.8%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,223,500</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.2%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">841,923</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dominican Peso</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9.7%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">288,808</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9.7%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">288,808</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.0%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11,561</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.0%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,797</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Guatemala&#180;s Quetzal</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8.0%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,947</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8.0%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,947</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Barbadian Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4.3%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">48,517</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4.3%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">48,517</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate pre-set</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,582,333</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,190,992</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Brazilian Real</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10.0%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">667,703</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12.6%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,375,614</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1.5%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,882,252</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.2%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">565,683</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Canadian&nbsp; Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1.6%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,259,107</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1.6%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,259,106</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Barbadian Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.7%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,915</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.7%</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,915</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate postfixed</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,813,977</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,205,318</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Sensitivity analysis</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The Company mitigates risks arising from non-derivative financial assets and liabilities substantially, through derivative financial instruments. In this context, the Company has identified the main risk factors that may generate losses from these derivative financial instruments and has developed a sensitivity analysis based on three scenarios, which may impact the Company&#8217;s future results and/or cash flow, as described below:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1 &#8211; Probable scenario: Management expectations of deterioration in each transaction&#8217;s main risk factor. To measure the possible effects on the results of derivative transactions, the Company uses parametric Value at Risk &#8211; VaR. is a statistical measure developed through estimates of standard deviation and correlation between the returns of several risk factors. This model results in the loss limit expected for an asset over a certain time period and confidence interval. Under this methodology, we used the potential exposure of each financial instrument, a range of 95% and horizon of 21 days after September 30, 2017 for the calculation, which are presented in the module.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">2 &#8211; Adverse scenario: 25% deterioration in each transaction&#8217;s main risk factor as compared to the level observed on September 30, 2017. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">3 &#8211; Remote scenario: 50% deterioration in each transaction&#8217;s main risk factor as compared to the level observed on September 30, 2017. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>43</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Transaction</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Risk</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Fair Value</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Probable scenario</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Adverse scenario</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Remote<BR>&nbsp;scenario</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Commodities hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Decrease on commodities price</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">40,496</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(275,959)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(337,380)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(715,257)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Input purchase</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(40,496)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">215,822</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">279,784</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">600,064</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Foreign exchange hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Foreign currency decrease</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(115,795)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(959,367)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(1,901,382)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,686,970)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Input purchase</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">115,795</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">959,367</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1,901,382</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,686,970</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Costs effects</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(60,137)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(57,596)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(115,193)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Foreign exchange hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Foreign currency decrease</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(12,036)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(89,541)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(198,771)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(385,506)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Capex Purchase</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12,036</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">89,541</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">198,771</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">385,506</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Fixed assets effects</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Foreign exchange hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Foreign currency decrease</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,260)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(20,565)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(49,447)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(95,634)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,260</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">20,565</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">49,447</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">95,634</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Expenses effects</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Hedge cambial</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Foreign currency increase</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(5,091)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(47,620)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(127,774)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(250,457)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,091</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">47,620</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">127,774</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">250,457</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest Hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Decrease in interest rate </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(10)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(187)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(3,693)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(4,275)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Interest revenue</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">10</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">187</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3,693</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4,275</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash effects</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Hedge cambial</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Foreign currency decrease</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">76,431</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">130,517</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">261,034</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest Hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Increase in interest rate</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">34,448</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">29,735</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(114,825)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(136,445)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Interest expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(34,448)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(29,735)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">114,825</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">136,445</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Debt effects</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">76,431</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">130,517</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">261,034</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Equity Instrument Hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Stock prices </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">decrease</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">69,449</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(31,311)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(77,861)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(225,172)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(69,449)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">262,294</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">464,555</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">998,561</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Equity effects</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">230,983</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">386,694</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">773,389</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">247,277</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">459,615</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">919,230</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">As of September 30, 2017 the Notional and Fair Value amounts per instrument and maturity were as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="66%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Notional Value</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exposure</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Risk</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2018</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2019</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2020</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">&gt;2020</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Total</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cost</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,034,372</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,613,517</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,966</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,653,855</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; Commodity&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">448,531</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,057,008</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,966</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,511,505</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,495,409</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,214,731</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,710,140</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">19,089</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">93,168</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">112,257</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; Mexican Peso&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">71,343</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">248,610</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">319,953</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fixed asset</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">400,656</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">346,285</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">746,941</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">355,339</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">346,285</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">701,624</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; Euro&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">45,317</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">45,317</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Expenses</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">73,216</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">111,532</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">184,748</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">70,031</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">101,262</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">171,293</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;Rupee </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,185</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,270</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,455</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(490,731)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,000</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(475,731)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; American Dollar&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(490,731)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(490,731)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; Interest rate</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,000</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,000</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debt</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">399,559</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">399,559</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp; Interest rate</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">399,559</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">399,559</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Equity Instrument</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">589,242</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">589,242</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Stock prices</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">589,242</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">589,242</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,017,513</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,660,576</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,966</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,000</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">399,559</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,098,614</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="66%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fair Value</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Exposure</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Risk</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2018</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2019</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2020</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">&gt;2020</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">Total</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cost</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(15,138)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(60,306)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">145</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(75,299)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Commodity</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">49,386</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(9,035)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">145</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">40,496</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(91,446)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(61,650)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(153,096)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Euro</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(34)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">859</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">825</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Mexican Peso</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">26,956</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,520</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">36,476</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fixed asset</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,263)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(8,773)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(12,036)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,103)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(8,773)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(11,876)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Euro</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(160)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(160)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Expenses</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(603)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,657)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(3,260)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(641)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,190)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,831)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Rupee</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">38</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(467)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(429)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cash</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(5,091)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(10)</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(5,101)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(5,091)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(5,091)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(10)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(10)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debt</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">34,448</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">34,448</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">American Dollar</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interest rate </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">34,448</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">34,448</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

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<TR style="HEIGHT: 10.2pt">

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Equity Instrument</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">69,449</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">69,449</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Stock prices</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">69,449</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">69,449</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">&nbsp;</TD>

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   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(24,095)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2,287)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">145</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(10)</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">34,448</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,201</FONT></B></P></TD></TR>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>44</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">II.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">Credit Risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Concentration of credit risk on trade receivables</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">A substantial part of the Company&#8217;s sales is made to distributors, supermarkets and retailers, within a broad distribution network. Credit risk is reduced because of the widespread number of customers and control procedures used to monitor risk. Historically, the Company has not experienced significant losses on receivables from customers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Concentration of credit risk on counterpart</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">In order to minimize the credit risk of its investments, the Company has adopted procedures for the allocation of cash and investments, taking into consideration limits and credit analysis of financial institutions, avoiding credit concentration, i.e., the credit risk is monitored and minimized to the extent that negotiations are carried out only with a select group of highly rated counterparties.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The selection process of financial institutions authorized to operate as the Company&#8217;s counterparty is set forth in our Credit Risk Policy. This Credit Risk Policy establishes maximum limits of exposure to each counterparty based on the risk rating and on each counterparty's capitalization.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">In order to minimize the risk of credit with its counterparties on significant derivative transactions, the Company has adopted bilateral &#8220;trigger&#8221; clauses. According to these clauses, </FONT>


<FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">where the fair value of an operation exceeds a percentage of its notional value (generally between 10% and 15%), the debtor settles the difference in favor of the creditor.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>45</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; VERTICAL-ALIGN: top; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">As of September 30, 2017, the Company held its main short-term investments with the following financial institutions: Banco do Brasil, Bradesco, Bank Mendes Gans, Caixa Econ&#244;mica Federal, Citibank, Ita&#250;, JP Morgan Chase, Merrill Lynch, Santander e Toronto Dominion Bank. The Company had derivative agreements with the following financial institutions: Banco Bisa, Barclays, BNB, BNP Paribas, Bradesco, Citibank, Deutsche Bank, Ita&#250;, Goldman Sachs, JP Morgan Chase, Macquarie, Merrill Lynch, Morgan Stanley, Santander, ScotiaBank e TD Securities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; VERTICAL-ALIGN: top; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">The carrying amount of cash and cash equivalents, investment securities, trade receivables excluding prepaid expenses, recoverable taxes and derivative financial instruments are disclosed net of provisions for impairment and represents the maximum exposure of credit risks of September 30, 2017. There was no concentration of credit risk with any counterparties as of September 30, 2017.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; VERTICAL-ALIGN: top; LAYOUT-GRID-MODE: both; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">III.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">&nbsp;Liquidity Risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The Company believes that cash flows from operating activities, cash and cash equivalents and short-term investments, together with the derivative financial instruments and access to loan facilities are sufficient to finance capital expenditures, financial liabilities and dividend payments in the future.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">IV.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">Equity price risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=windowtext face=calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Through the equity swap transaction approved on May 16<SUP>th</SUP>, 2017 by the Board of Directors of Ambev, the Company, or its controlled entity, will receive the price variation related to its shares traded on the stock exchange or ADRs, neutralizing the possible effects of the stock prices&#8217; oscillation in view of the share-based payment of the Company. As these derivative instruments are not characterized as hedge accounting they were not therefore designated to any hedge.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">In September 2017, an exposure equivalent to R$2.1 billion in AmBev&#8217;s shares (or ADR&#8217;s) was partially hedged, resulting in a gain in income statement of R$ 70,681.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">V.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman">Capital management</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Ambev is continuously optimizing its capital structure targeting to maximize shareholder value while keeping the desired financial flexibility to execute the strategic projects. Besides the statutory minimum equity funding requirements that apply to the Company&#8217;s subsidiaries in the different countries, Ambev is not subject to any externally imposed capital requirements. When analyzing its capital structure, the Company uses the same debt ratings and capital classifications as applied in the Company&#8217;s financial statements.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>46</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Financial instruments</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">(a) Financial instruments categories</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.5in"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 110%" color=windowtext face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Management of the financial instruments held by the Company is effected through operational strategies and internal controls to assure liquidity, profitability and transaction security. Financial instruments transactions are regularly reviewed for the effectiveness of the risk exposure that management intends to cover (foreign exchange, interest rate, etc.). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%" color=windowtext face="times new roman">The table below shows all financial instruments recognized in the financial statements, segregated by category:</FONT></P>

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<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%">&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 10.2pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">09/30/2017 </FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Loans and receivables</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Held for trading</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial assets/liabilities at fair value through profit or loss</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Derivatives hedge</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial liabilities through amortized cost</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total </FONT></B></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash and cash equivalents</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,340,688</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,340,688</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Investment securities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">104,786</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,820</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">112,606</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Trade&nbsp; receivables excluding prepaid expenses </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,042,800</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,042,800</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial instruments derivatives</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">105,839</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">190,393</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">296,232</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,383,488</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">104,786</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">113,659</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">190,393</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,792,326</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Trade payables and put option granted on subsidiary and other liabilities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,298,791</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,767,470</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">16,066,261</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial instruments derivatives</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,755</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">280,276</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">288,031</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Interest-bearning loans and borrowings</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,329,611</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,329,611</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,306,546</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">280,276</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,097,081</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">19,683,903</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="28%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;12/31/2016 </FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="28%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Loans and receivables</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Held for trading</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial assets/liabilities at fair value through profit or loss</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Derivatives hedge</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial liabilities through amortized cost</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;Total </FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial assets</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Cash and cash equivalents</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,876,849</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,876,849</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Investment securities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">104,340</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">282,771</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">387,111</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Trade receivables excluding prepaid expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,962,541</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,962,541</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial instruments derivatives</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18,424</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">194,557</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">212,981</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,839,390</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">104,340</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">301,195</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">194,557</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,439,482</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Trade payables and put option granted on subsidiary and other liabilities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,106,125</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,208,075</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18,314,200</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial instruments derivatives</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">49,850</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">663,530</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">713,380</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Interest-bearning loans and borrowings</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,396,310</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,396,310</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="28%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,155,975</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">663,530</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18,604,385</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">24,423,890</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<a name="_bclFooter46"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>47</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_47"></A>

<a name="_bclPageBorder47"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(b) Classification of financial instruments by type of fair value measurement</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">IFRS 13 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Also pursuant to IFRS 13, financial instruments measured at fair value shall be classified within the following categories</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; BACKGROUND: white; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; BACKGROUND: white; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Level 1 &#8211; quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date valuation;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; BACKGROUND: white; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Level 2 &#8211; inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; BACKGROUND: white; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Level 3 &#8211; unobservable inputs for the asset or liability.</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="38%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">09/30/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="39%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">12/31/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Level 1</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Level 2</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Level 3</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;Total </FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Level 1</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Level 2</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Level 3</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial assets</FONT></U></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial asset at fair value through profit or loss</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,820</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,820</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">282,771</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">282,771</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Derivatives assets at fair value through profit or loss</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">105,839</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">105,839</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2,576</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">15,848</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">18,424</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Derivatives - operational hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">6,182</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">184,211</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">190,393</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">83,611</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">110,946</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">194,557</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">14,002</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">290,050</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">304,052</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">368,958</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">126,794</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">495,752</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial liabilities</FONT></U></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Financial liabilities at fair value through profit and loss<SUP> (i)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,298,791</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,298,791</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,106,125</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,106,125</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Derivatives liabilities at fair value through profit or loss</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">722</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,033</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,755</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">9,919</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">39,931</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">49,850</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Derivatives - operational hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">92,263</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">188,013</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">280,276</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">78,935</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">575,867</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">654,802</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Derivatives - fair value hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,728</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">8,728</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">92,985</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">195,046</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,298,791</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,586,822</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">88,854</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">624,526</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,106,125</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,819,505</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">(i) Refers to the put option granted on subsidiary as described in Note 13 d(4).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">Reconciliation of changes in the categorization of Level 3</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="86%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Financial liabilities at December 31, 2016 <SUP>(i)</SUP></FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,106,125</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="86%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Acquisition of investments</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">7,280</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="86%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Total gains and losses in the period</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">185,386</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="86%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Losses recognized in net income</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">426,822</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="86%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Gain recognized in equity</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(241,436)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="86%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Financial liabilities at September 30, 2017 <SUP>(i)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5,298,791</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" color=windowtext face="times new roman">(i) The liability was recorded under &#8220;Trade payables and put option granted on subsidiary and other liabilities&#8221; on the balance sheet.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<a name="_bclFooter47"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>48</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_48"></a><a name="_bclPageBorder48"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">(c)
Fair value of financial liabilities measured at amortized cost</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">The
Company&#8217;s liabilities, interest-bearing loans and borrowings, trade payables
excluding tax payables, are recorded at amortized cost according to the
effective rate method, plus indexation and foreign exchange gains/losses, based
on closing indices for each exercise.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">The
financial instruments recorded at amortized cost are similar to the fair value
and are not material for disclosure.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Calculation
of fair value of derivatives</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">The
Company measures derivative financial instruments by calculating their present
value, through the use of market curves that impact the instrument on the
computation dates. In the case of swaps, both the asset and the liability
positions are estimated independently and brought to present value, where the
difference between the result of the asset and liability amount generates the
swaps market value. For the traded derivative financial instruments, the fair
value is calculated according to the adjusted exchange-listed price.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Margins
given in guarantee</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">In
order to comply with the guarantee requirements of the derivative exchanges and/or
counterparties in certain operations with derivative financial
instruments, as of September 30, 2017 the Company
held R$54,017 in highly liquid financial investments
or in cash, classified as cash and cash equivalents
and investment securities (R$486,822 on December 31, 2016).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Offsetting
of financial assets and liabilities</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">For
financial assets and liabilities subject to settlement agreements by the net or
similar agreements, each agreement between the Company and the counterparty allows
this type of settlement when both parties make this option. In the absence of
such election, the assets and liabilities will be settled by their amounts, but
each party shall have the option to settle on net, in case of default by the
counterparty.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">22.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">COLLATERAL
AND CONTRACTUAL COMMITMENTS WITH SUPLLIERS, ADVANCES FROM CUSTOMERS AND OTHER</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Collateral given for own liabilities</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">604,506</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,051,538</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Other commitments</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,944,984</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">754,306</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,549,490</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,805,844</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Commitments with suppliers</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,166,474</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,019,236</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Commitments - Bond 2017</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">300,000</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,166,474</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,319,236</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></b></p>


<a name="_bclFooter48"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">49</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_49"></a><a name="_bclPageBorder49"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">The collateral provided for
liabilities totaled approximately R$3,549,490 on September 30, 2017 (R$1,805,844
on December 31, 2016), including R$558,198 (R$571,305 on
December 31, 2016) of cash guarantees. The deposits
in cash used as guarantees are presented as part of other assets. To meet the
guarantees required by derivative exchanges and/or counterparties contracted in
certain derivative financial instrument transactions, Ambev maintained on September
30, 2017, R$54,017 (R$486,822 on December 31,
2016) in highly liquid financial investments
or in cash, classified as cash and cash equivalents
and investment securities (Note 21 &#8211; </font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Financial
instruments and risks</font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">).</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Most of the balance relates to commitments with
suppliers of packaging.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="background:white;font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Future contractual commitments
on September 30, 2017 a</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">nd </font><font color=windowtext face="times new roman" lang=EN-US style="background:white;font-size:12.0pt;layout-grid-mode:line;line-height:110%;">December 31, 2016
are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=70% style="height:12.75pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=70% style="height:12.0pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:12.0pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:12.0pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,537,301</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,325,724</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Between 1 and 2 years</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,050,434</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">420,777</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">More than 2 years</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">578,739</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">572,735</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=70% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,166,474</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,319,236</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">23.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">CONTINGENCIES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The Company has contingent liabilities arising
from lawsuits in the normal course of its business. </font><font color=#0d0e00 face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">Due to their nature, such legal
proceedings involve inherent uncertainties including, but not limited to, court
and tribunals rulings, negotiations between affected parties and governmental actions,
and as a consequence the Company&#8217;s management cannot at this stage estimate the
likely timing of the resolution of these matters. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Contingent liabilities with a probable
likelihood of loss are fully recorded as liabilities (Note 12 &#8211; </font><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Provisions</font></i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">The
Company also has lawsuits related to tax, civil and labor, for which the
likelihood of loss classified by management as possible and for which there are
no provisions. Estimates of amounts of possible losses are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">IRPJ and CSLL</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">29,302,015</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">28,934,826</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">PIS and COFINS</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,696,155</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,971,048</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">ICMS and IPI</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17,696,035</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">16,046,890</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Labor</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">241,345</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">222,037</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Civil</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,709,463</font></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,417,574</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">954,447</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">858,075</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=66% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">55,599,460</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">52,450,450</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>


<a name="_bclFooter49"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">50</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_50"></a><a name="_bclPageBorder50"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Principal lawsuits with</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">
a likelihood of </font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">possible
loss:</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Brazilian Federal Taxes</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">Disallowance
of taxes paid abroad</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-other;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">Since
2014, Ambev received tax assessments from the Brazilian Federal Tax Authorities
related to the disallowance of deductions associated with alleged unproven
taxes paid abroad, for which the decision from the Upper House of the
Administrative Court is still pending.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">In
September 2017, Ambev received new tax assessments from the Brazilian federal
tax authorities related to the same matter in the amount of R$2.9 billion. In
September 2017, Ambev decided to include part of those tax assessments in the
Brazilian Federal Tax Amnesty Program of the Provisional Measure no. 783. As of
30 September 2017, Ambev management estimates the exposure of approximately
R$5.8 billion (R$2.8 billion as of 31 December 2016).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Presumed
Profit</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">In
December 2016, CRBS (a subsidiary of Ambev) received a tax assessment regarding
the use of &#8220;presumed profit&#8221; method for the calculation of income tax and the
social contribution on net profit instead of the &#8220;real profit&#8221; method. In July,
2017 CRBS was notified of the unfavorable first level administrative decision
and filed an appeal to the Administrative Court. In September 2017, CRBS
decided to include that tax assessment &nbsp;fully in the Brazilian Federal Tax
Amenstry Program of the Provisional Measure no. 783 (R$2.8 billion considering
the discounts expected on the Program).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">PIS and COFINS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:10.0pt;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">PIS/COFINS
over bonus products</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Since December 2015, Ambev has been
receiving tax assessments issued by the Brazilian federal tax authorities,
relating to amounts allegedly due under Integration Programme/Social Security
Financing Levy (PIS/COFINS) over bonus products granted to its customers. Ambev
filed defenses against these assessments and is currently awaiting judgment. In
September 30 2017, Ambev management estimates the possible loss related to
these assessments to be approximately R$2.1 billion (R$1.5 billion as of 31
December 2016).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">Manaus
Free Trade Zone &#8211; IPI</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">Goods manufactured within the Manaus Free Trade Zone
&#8211; ZFM intended for consumption elsewhere in Brazil are exempt from the IPI
excise tax. Ambev&#8217;s subsidiaries have been registering IPI excise tax presumed
credits upon the acquisition of exempted inputs manufactured therein.&nbsp;
Since 2009 Ambev has been receiving a number of tax assessments from the
Brazilian Federal Tax Authorities relating to the disallowance of such presumed
credits, against which it has presented defenses. The matter is under
discussion before the </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">Brazilian Supreme Court. Ambev
management estimates possible losses in relation to these assessments to be
approximately R$2.7 billion as of 30 September 2017 (R$2.0 billion as of
December 31, 2017), reason why it has not recorded any provision in connection
therewith.</font></p>
<a name="_bclFooter50"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">51</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_51"></a><a name="_bclPageBorder51"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">Except
for the cases above, there was no new lawsuit individually relevant to the
previous period. The significant changes in the main processes with a possible
likelihood of loss in relation to those presented in the financial statements
for the year ended December 31, 2016 refers to the monetary variation of the
period. There was no new lawsuit individually relevant to the previous period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Contingent
assets</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">According to IAS 37, contingent assets are not recorded in consolidated
financial statements, except when the realization of income is virtually
certain.</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;"> </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">There was no probable contingent assets
to be disclosed </font><font color=windowtext face="times new roman" lang=EN-US style="background:white;font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">on
September 30, 2017.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">24.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:110%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:110%;">NON-CASH
ITEMS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">The Company carried out the following investment and
financing activities not involving cash:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=28% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=28% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Acquisition of investments payables</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">230,763</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(47,839)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cash financing cost other than interests</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">39,931</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">59,621</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(26,730)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,954</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">PERT 2017</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,085,974</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">3,085,974</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(624)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">941</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-indent:-21.3pt;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">25.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RELATED
PARTIES</font></b></p>

<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Policies and practices regarding the realization of
transactions with related parties</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">The Company adopts corporate governance practices and
those recommended and/or required by the applicable law.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">Under the Company&#8217;s by laws the Board of Directors is
responsible for approving any transaction or agreements between the Company and/or
any of its subsidiaries, directors and/or shareholders (including shareholders,
direct or indirect shareholders of the Company). The Antitrust Compliance and
Related Parties Committee of the Company is required to advise the Board of
Directors of the Company in matters related to transactions with related
parties.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">Management is prohibited from interfering in any
transaction in which conflict exists, even in theory, with the Company
interests. It is also not permitted to interfere in decisions of any other
management member, requiring documentation in the Minutes of Meeting of the
Board any decision to abstain from the specific deliberation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>


<a name="_bclFooter51"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">52</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_52"></a><a name="_bclPageBorder52"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">The Company&#8217;s guidelines with related parties follow
reasonable or commutative terms, similar to those prevailing in the market or
under which the Company would contract similar transactions with third parties.
These are clearly disclosed in the financial statements as reflected in written
contracts.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:108%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Transactions with management members:</font></b></p>

<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">In addition to short-term benefits (primarily salaries),
the management members are entitled to participate in Stock Option Plan (Note 20
&#8211; </font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Share-based payments</font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">Total expenses related to the Company&#8217;s management
members are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=27% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended:</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=2 valign=bottom width=29% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended:</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2017</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Short-term benefits<sup> (i)</sup></font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">15,334</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">15,388</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,206</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,793</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Share-based payments <sup>(ii)</sup></font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">25,964</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">28,515</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">9,826</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">8,833</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=41% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Total key management remuneration </font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">41,298</font></b></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">43,903</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">15,032</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">13,626</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">(i)
These correspond substantially to management&#8217;s salaries and profit sharing
(including performance bonuses</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">(ii)
These correspond to the compensation&#160; cost of stock options and restricted
stocks granted to management. These amounts exclude remuneration paid to
members of the Fiscal Council</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Excluding the above mentioned plan (Note 20 &#8211; </font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Share-based
payments</font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">), the Company no longer has any type of transaction with the
Management members or pending balances receivable or payable in its balance
sheet.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Transactions with the Company's shareholders:</font></b></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">a)
Medical, dental
and other
benefits</font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">The Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o
Nacional de Benefici&#234;ncia (&#8220;Funda&#231;&#227;o Zerrenner) is one of Ambev&#8217;s shareholders,
and at September 30, 2017 held 10.2% of total share capital. Funda&#231;&#227;o Zerrenner
is also an independent legal entity whose main goal is to provide Ambev&#8217;s
employees, both active and retirees, with health care and dental assistance,
technical and superior education courses, facilities for assisting elderly
people, through direct initiatives or through financial assistance agreements
with other entities. On September 30, 2017 and December 31, 2016, actuarial
responsibilities related to the benefits provided directly by Funda&#231;&#227;o
Zerrenner are fully funded by plan assets, held for that purpose, which
significantly exceeds the liabilities at these dates. Ambev recognizes the assets
(prepaid expenses) of this plan to the extent of amounts from economic benefits
available to the Company, arising from reimbursements or future contributions
reduction.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">The expenses incurred by Funda&#231;&#227;o Zerrenner in providing
these benefits totaled </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">R$209,357 </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">(R$192,403 on September 30, 2016), of which </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">R$188,631
</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">and </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">R$20,726
</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">related to active employees
and retirees</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;"> respectively </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">(R$165,668 and R$26,735 on September 30, 2016 &#160;related
to active employees and retirees</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;"> respectively).</font></p>


<a name="_bclFooter52"></a><DIV>

 <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">53</font><font style="display:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;"></font></font></p>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_53"></a><a name="_bclPageBorder53"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.25pt;page-break-after:avoid;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">b) Leasing </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.25pt;page-break-after:avoid;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">The
Ambev, through its subsidiary BSA (labeling), has an asset leasing agreement
with Funda&#231;&#227;o Zerrenner, for R$63,328 for ten years, maturing on March 31,
2018.</font></p>

<p style="margin:0in;margin-bottom:10.0pt;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">c)
Leasing &#8211; Ambev head office</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Ambev has a leasing agreement of two commercial sets
with Funda&#231;&#227;o Zerrenner in the annual amount of R$3,255, </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">maturing
on January, 2020.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">d) Licensing agreement</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">The Company maintains a
licensing agreement with Anheuser-Busch, Inc., to produce, bottle, sell and
distribute Budweiser products in Brazil, Canada, and sales and distribution
agreements of Budweiser products in Guatemala, Dominican Republic, Paraguay, El
Salvador, Nicaragua, Uruguay and Chile. In addition, the Company produces and
distributes Stella Artois products under license to ABI in Brazil and Canada and,
by means of a license granted to ABI, it also distributes Brahma&#8217;s product in
the United States and several countries such as the United Kingdom, Spain,
Sweden, Finland and Greece. The amount recorded was R$1,556 (R$1,603 on September
30, 2016) and R$273,067 (R$301,536 &#160;on September 30, 2016) as licensing income
and expense, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Ambev has licensing agreements with the Group Modelo,
subsidiaries of ABI, for to import, promote and sell products Corona (</font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Corona
Extra, Corona Light, Coronita, Pacifico and Negra Modelo</font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">) in countries of
the Latin America and the Canada.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">Transactions with related parties</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;09/30/2017</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Current</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Trade receivables <sup>(i)</sup> </font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Other Trade receivables <sup>(i)</sup> </font></b></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Trade payables&#160; <sup>(i)</sup> </font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Other Trade payables&#160; <sup>(i)</sup> </font></b></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Borrowings and interest payable</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB InBev</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">529</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17,099</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(312,166)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,228)</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB Procurement </font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">25,321</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">158</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(589)</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB Services</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,035</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">22,659</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,589)</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB USA</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">32,369</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17,972</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(321,568)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(5,697)</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cervecer&#237;a Modelo</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">84,682</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,849</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(749,829)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(57,321)</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">ITW International</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(203,533)</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(40,307)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Inbev</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">125</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">21,447</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(34,616)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Panam&#225; Holding</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">16,391</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,317)</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">11,613</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">5,496</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(68,676)</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,140)</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=17% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">155,674</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">104,071</font></b></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,486,855)</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(280,414)</font></b></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:8.5pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(40,307)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;line-height:110%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;">(i)
The amount represents the marketing operations (purchase and sale) and the
reimbursement between the companies of the group.</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>


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<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td colspan=6 width=83% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">12/31/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Current</font></b></p>
  </td>
 <td width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Trade receivables <sup>(i)</sup> </font></b></p>
  </td>
 <td width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Other Trade receivables <sup>(i)</sup> </font></b></p>
  </td>
 <td width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Trade payables <sup>(i)</sup> </font></b></p>
  </td>
 <td width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Other Trade payables <sup>(i)</sup> </font></b></p>
  </td>
 <td width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Borrowings and interest payable</font></b></p>
  </td>
 <td width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&#160;Dividends payables </font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB InBev</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">6,278</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">13,414</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(308,866)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(687)</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB Package</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(31,301)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB Services</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">275</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">15,175</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(10)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(3,098)</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB USA</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">19,737</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">18,623</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(247,389)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,675)</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Ambev Peru</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,095</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(4,679)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Ambrew </font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(89,902)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Bogot&#225; Beer</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">210,961</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(210,961)</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cervecer&#237;a Modelo</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,071</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(444,080)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Inbev</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">182</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">17,599</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(17,553)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(169)</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">ITW International</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(209,385)</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(30,455)</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(590,937)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Modelo</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">32</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">986</font></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(15,685)</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(54,476)</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,579</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">7,255</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(6,185)</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(14,441)</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=17% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">37,249</font></b></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">284,013</font></b></p>
  </td>
 <td valign=bottom width=16% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(1,075,748)</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(494,892)</font></b></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(30,455)</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:10.2pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(680,839)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;line-height:110%;">(i)
The amount represents the marketing operations (purchase and sale) and the
reimbursement between the companies of the group.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&#160;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">The
tables below represent the transactions with related parties, recognized in the
income statement:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month
  period ended: 09/30/2017</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Company</font></b></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Buying / Service fees / Rentals</font></b></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Sales</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Royalties</font></i></b><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;"> / Benefits</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net Finance Cost</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB Procurement </font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(5,785)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">15,943</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB USA</font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(197,506)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">33,776</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(211,790)</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Ambev Peru</font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(8,541)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">1,457</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cervecer&#237;a Modelo</font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(489,923)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">97</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(36,396)</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Inbev</font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(51,788)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(62,693)</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">4,423</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(23,325)</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(10,784)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(816,236)</font></b></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">55,696</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(271,511)</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(10,784)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td width=22% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>
  </td>
 <td width=18% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></b></p>
  </td>
 <td colspan=2 width=38% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">&nbsp;Three-month period ended: 09/30/2017</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Company</font></b></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Buying / Service fees / Rentals</font></b></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Sales</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Royalties</font></i></b><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;"> / Benefits</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Net Finance Cost</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB Procurement </font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(5,785)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">15,943</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">AB USA</font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(48,310)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">11,893</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(85,509)</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Ambev Peru</font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(72)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">47</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Cervecer&#237;a Modelo</font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(247,077)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">35</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(14,335)</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Inbev</font></p>
  </td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(18,152)</font></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Others</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(19,986)</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">2,883</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(7,582)</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(7,446)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=22% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(339,382)</font></b></p>
  </td>
 <td valign=bottom width=18% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">30,801</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(107,426)</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">(7,446)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=41% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Nine-month period ended: 09/30/2016</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Three-month period ended: 09/30/2016</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Company</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Buying / Service fees / Rentals</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Sales</font></b></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Royalties</font></i></b><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;"> / Benefits</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Buying / Service fees / Rentals</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Sales</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;">Royalties</font></i></b><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;text-autospace:ideograph-numeric ideograph-other;"> / Benefits</font></b></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">AB USA</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(142,498)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">36,768</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(235,224)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(59,465)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">9,818</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(83,541)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">AB Package</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(26,377)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(8,671)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">Cervecer&#237;a Modelo</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(443,755)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">940</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(39,456)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(160,090)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">560</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(13,886)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">InBev</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(58,257)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(20,905)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">Modelo</font></p>
  </td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(51,313)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(17,485)</font></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">-</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">Others</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(30,332)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">130</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(25,253)</font></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">1,124</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">130</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(5,620)</font></p>
  </td>
 </tr>
<tr style="height:10.2pt;">
  <td valign=bottom width=16% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(752,532)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">37,838</font></b></p>
  </td>
 <td valign=bottom width=14% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(299,933)</font></b></p>
  </td>
 <td valign=bottom width=3% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">&nbsp;</td>
 <td valign=bottom width=15% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(265,492)</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">10,508</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:10.2pt;padding:0in 3.5pt 0in 3.5pt;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="times new roman" style="font-size:9.0pt;layout-grid-mode:both;">(103,047)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:10.0pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;line-height:115%;text-autospace:ideograph-numeric ideograph-other;text-decoration:none;">&nbsp;</font></p>


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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman">Denomination used in the tables above</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman">:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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<TR style="HEIGHT: 16.05pt">

   <TD style="HEIGHT: 16.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="100%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">AB InBev Procurement GmbH ("AB Procurement")</FONT></P></TD></TR>

<TR style="HEIGHT: 16.05pt">

   <TD style="HEIGHT: 16.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="100%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Ambrew S.A. ("Ambrew")</FONT></P></TD></TR>

<TR style="HEIGHT: 16.05pt">

   <TD style="HEIGHT: 16.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="100%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Anheuser-Busch InBev N.V. (&#8220;AB InBev&#8221;)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.05pt">

   <TD style="HEIGHT: 16.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="100%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Anheuser-Busch Inbev Services LLC (&#8220;AB Services&#8221;)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.05pt">

   <TD style="HEIGHT: 16.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="100%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=ES style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Anheuser-Busch Inbev USA LLC (&#8220;AB USA&#8221;)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.05pt">

   <TD style="HEIGHT: 16.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="100%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Anheuser-Busch Packaging Group Inc. </FONT><FONT style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">(&#8220;AB Package&#8221;)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.05pt">

   <TD style="HEIGHT: 16.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="100%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Bogot&#225; Beer Company BBC S.A.S. ("Bogot&#225; Beer")</FONT></P></TD></TR>

<TR style="HEIGHT: 16.05pt">

   <TD style="HEIGHT: 16.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="100%">

   <P style="MARGIN: 0in 0in 0pt"><FONT lang=ES style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Cervecer&#237;a Modelo de Guadalajara S.A. (&#8220;Modelo&#8221;)</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=ES style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Cervecer&#237;a Modelo de Mexico S. de R.L. de C.V. ("Cervecer&#237;a Modelo")</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Compa&#241;ia Cervecera Ambev Peru S.A.C. (&#8220;Ambev Peru&#8221;)</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Inbev Belgium N.V. ("Inbev")</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: both" color=black face="times new roman">Interbrew International B.V. (&#8220;ITW International&#8221;)</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0in 0in 0in 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">26.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=windowtext face="Times New Roman">EVENTS AFTER THE REPORTING PERIOD</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: " color=windowtext face="times new roman">(i) In October 2017, Ambev received new tax assessments related to the disallowance of deductions associated with alleged unproven taxes paid abroad refers to calendar year 2012 in the amount of approximately R$1.1 billion, including penalty. Management evaluate as possible losses related to these assessments.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 115%" color=windowtext face="times new roman">(ii) In October 24, 2017 was approved, the conversion into a law of a Provisional Measure no. 783 (law no. 13.496), establishing new conditions for the PERT accession, that may impact the accession already done, without relevant changes on the reported amount.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>56</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>

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<DIV style="TEXT-ALIGN: center; DISPLAY: block; TEXT-INDENT: 0pt"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline"><FONT style="FONT-WEIGHT: bold; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">SIGNATURE</FONT></FONT></FONT></DIV><FONT style="FONT-SIZE: 9pt" face="Times New Roman"><BR></FONT>

<DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></FONT></DIV>

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<DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Date:&nbsp;November 13, 2017</FONT></FONT></DIV>

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   <DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline">/s/ <FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline">Ricardo Rittes de Oliveira Silva</FONT></FONT></FONT></DIV></TD></TR>

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   <DIV style="DISPLAY: block; TEXT-INDENT: 0pt"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal; DISPLAY: inline">Ricardo Rittes de Oliveira Silva</FONT></DIV>

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