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United Kingdom

Original text. Later amendments are not shown.

According to R/BDO, Oltchim's restart in case of a liquidation involving assets being sold in-situ would have implied EUR 2,5 million of start-up costs; therefore those costs have been deducted from the price offered by a potential purchaser in case of liquidation in-situ f1. 50 % of them have been modelled in the reference scenario as only half of the assets' value is assumed to be sold as a functional group and to remain operated as a plant, thus needed to be restarted, while the remainder is assumed to be sold at scrap value.

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Footnotes

f1

50 % of those costs were taken into account in the reference scenario that assumes that only a part of Oltchim assets are taken over in one bulk with a view to operate them, the remainder being sold individually.