Annual General Meeting

The Shareholders Meeting is the body that represents all shareholders; through its resolutions, it expresses the company desires.

The Shareholders Meeting will take all decisions relevant to the company’s life, including the appointment of corporate bodies, approving the Financial Statements and amending the Articles of Association. Its resolutions, pursuant to the Articles of Association, are binding on all shareholders, even if absent or dissenting.

SEA believes that the Shareholders Meeting represents an important opportunity for discussion between shareholders and directors and, therefore, facilitates shareholder participation in the meeting and exercise of voting rights.

Shareholders Meeting Rules

The Company has not deemed it necessary to adopt shareholders meeting rules, since the provisions relating to the functioning of the Shareholders Meeting are contained in the Articles of Association.

Participation in Shareholders Meetings

The Articles of Association provide that the shareholder may be represented by another shareholder, by written proxy, whose validity and legitimacy to participate is verified by the Chairman of the Shareholders Meeting itself.

Convening and information on the Shareholders Meeting

The Shareholders Meeting is convened by the Board of Directors at least once a year, within 120 days of the close of the financial year (or within 180 in the case of special requirements, which must be disclosed by the Board of Directors in the management report).

The shareholders’ meeting is chaired by the Chairman of the Board of Directors or, in his absence, by the Deputy Chairman or by a person appointed by the Shareholders Meeting.