Decree of May 30, 2010 Establishing the Model for the Commitment and Defining the Practical Rules for Investment Capital Companies to Hold Participations and Exercise Control

JOURNAL OFFICIAL OF THE ALGERIAN REPUBLIC No. 47 19 12 Ramadhan 1431 August 22, 2010

Decree of 16 Joumada Ethania 1431 corresponding to May 30, 2010 establishing the model for the commitment and defining the practical rules for conservation by investment capital companies of participations and their control.

The Minister of Finance,

Having seen Law No. 06-11 of 28 Joumada El Oula 1427 corresponding to June 24, 2006, relating to the investment capital company;

Having seen Presidential Decree No. 10-149 of 14 Joumada Ethania 1431 corresponding to May 28, 2010, appointing the members of the Government;

Having seen Executive Decree No. 95-54 of 15 Ramadhan 1415 corresponding to February 15, 1995, fixing the attributions of the Minister of Finance;

Having seen Executive Decree No. 08-56 of 4 Safar 1429 corresponding to February 11, 2008, relating to the conditions for exercising the activity of the investment capital company, notably its Article 15;

Decrees:

Article 1. In application of the provisions of
Article 15 of Executive Decree No. 08-56 of 4 Safar 1429
corresponding to February 11, 2008, cited above, the present decree aims to fix the model of the commitment and define the practical rules for conservation by investment capital companies of participations and of their control.

Art. 2. To benefit from the exemption, the investment capital company is required to subscribe, with the territorially competent tax services, a commitment to conserve the invested funds, accompanied by an application for exemption from corporate income tax (CIT), signed by the general director and the president of the board of directors.

It is also required to send a copy of the aforementioned commitment to the commission for the organization and surveillance of stock market operations.

Art. 3. The model of the commitment to conserve the invested funds as well as the application for exemption from corporate income tax (CIT) are attached to the present decree.

Art. 4. From the date of implementation of the exemption referred to in Article 2 above, the beneficiary company is required to produce, in support of the annual income declaration, a certificate of compliance with the commitments issued by the commission for the organization and surveillance of stock market operations, whose model is attached to the present decree.

Art. 5. Failure to respect the commitment referred to in Article 2 above entails the repayment of the amount corresponding to the exemption granted, increased by fines and penalties provided for by the legislation in force.

Art. 6. The present decree will be published in the Journal Official of the Algerian Democratic and Popular Republic,

Done in Algiers, on 16 Joumada Ethania 1431 corresponding to May 30, 2010.
Karim DJOUDI.

ANNEX (continued)
31 - WILAYA OF ORAN
EPH ARZEW (El Mouhgoun)
EHS HOSPITAL FOR CHILDREN/ CANASTEL
EHS HOSPITAL PSYCHIATRY SIDI CHAMI
EHS CAC EMIR ABDELKADER
EHS OPHTHALMOLOGY ORAN
EHS HOSPITAL LES PINS
EHS HOSPITAL LES AMANDIERS
EHS HOSPITAL DAY CENTER
EHS HOSPITAL NOUAR FADELA

32 - WILAYA OF EL BAYADH
EPH EL ABIOD SIDI CHEIKH
EPH BOUGTOB

33 - WILAYA OF ILLIZI
EPH DJANET

34 - WILAYA OF BORDJ BOU
ARRERIDJ
EPH MEDJANA
EPH RAS EL OUED
EHS HOSPITAL BELHOCINE RACHID

35 - WILAYA OF BOUMERDES
EPH BORDJ MENAIEL
EPH DELLYS

36 - WILAYA OF EL TARF
EPH EL KALA
EPH BOUHADJAR

37 - WILAYA OF TINDOUF

38 - WILAYA OF TISSEMSILT
EPH THENIET EL HAD
EPH BORDJ BOU NAAMA

39 - WILAYA OF EL OUED
EPH EL MEGHAIER
EPH DJAMAA
EHS HOSPITAL BENACEUR BACHIR

40 - WILAYA OF KHENCHELA
EPH CHECHAR
EPH KAIS
EHS SALHI BELKACEM

41 - WILAYA OF SOUK AHRAS
EPH SEDRATA

42 - WILAYA OF TIPAZA
EPH GOURAYA
EPH KOLEA
EPH SIDI GHILES

43 - WILAYA OF MILA
EPH CHELGHOUM LAID
EPH FERDJIOUA
EPH OUED ATHMANIA
EHS HOSPITAL PSYCHIATRY OUED ATHMANIA

44 - WILAYA OF AIN DEFLA
EPH MILIANA
EPH KHEMIS MILIANA
EPH EL ATTAF

45 - WILAYA OF NAAMA
EPH AIN SEFRA

46 - WILAYA OF AIN
TEMOUCHENT
EPH HAMMAM BOUHADJAR
EPH BENI SAF
EHS MOTHER AND CHILD

47 - WILAYA OF GHARDAIA
EPH METLILI
EPH EL MENEA
EPH GUERRARA
EHS GUEDDI BAKIR

48 - WILAYA OF RELIZANE
EPH OUED RHIOU
EPH MAZOUNA
EHS PSYCHIATRY YELLEL

August 22, 2010 JOURNAL OFFICIAL OF THE ALGERIAN REPUBLIC No. 47 COMMITMENT TO CONSERVE INVESTED FUNDS --------------- (Articles 12 and 15 of Executive Decree No. 08-56 of February 11, 2008)

COMPANY........................................................
WITH CAPITAL OF .........................................
REGISTERED OFFICE ............................................ Algiers, on............................................
.................................................................................................................................................................. is an Investment Capital Company whose assets consist of participations in companies:

• ........................................................................................................................................... representing.................. %;
• ........................................................................................................................................... representing.................. %;
• ........................................................................................................................................... representing.................. %;
• ........................................................................................................................................... representing.................. %;
  ....................................................................................................................................................................................................

We, the undersigned, Mr. .................................................................... and Mr. ................................................................................., respectively General Director and President of the Board of Directors of the company, hereby commit to conserve, under penalty of withdrawal of the CIT exemption, for a period of at least five (5) years from ....................................., the funds amounting to ........................., representing ....................... shares or partnership interests invested in the enterprises:

• ................................................................................................................, representing ....................... % of the share capital;
• ................................................................................................................, representing ....................... % of the share capital;
• ................................................................................................................, representing ....................... % of the share capital;
• ................................................................................................................, representing ....................... % of the share capital;
  ...................................................................................................................................................................................................

Signatures:

The General Director The President of the Board of Directors

ANNEX
ALGERIAN DEMOCRATIC AND POPULAR REPUBLIC

JOURNAL OFFICIAL OF THE ALGERIAN REPUBLIC No. 47 21 12 Ramadhan 1431 August 22, 2010

MR.
......................................................... (*)

We, the undersigned, Mr. ............................................................................... and Mr. ............................................................................
respectively General Director and President of the Board of Directors of the company..............................................................
Address: ......................................................................................................................................................................................
Tax Identification Number:
Tax Article Number:
Commercial Register Number: ........................................................ issued on: ............................................................................

We request the benefit of the CIT exemption for revenues from:

• Dividends valued at: .....................................................................................................................................................
  received due to shares in companies: ..................................................................................................................................
• Investment product revenues valued at: .............................................................................................................................
• Proceeds and capital gains from the sale of shares and partnership interests valued at: ............................................................
  Sold on: .....................................................................................................................................................................................

APPLICATION FOR BENEFIT OF CIT EXEMPTION --------------- (Articles 12 and 15 of Executive Decree No. 08-56 of February 11, 2008)

COMPANY........................................................
WITH CAPITAL OF .........................................
REGISTERED OFFICE ............................................ Algiers, on............................................
Signatures:

The General Director The President of the Board of Directors

ALGERIAN DEMOCRATIC AND POPULAR REPUBLIC
(*) The territorial Director of Taxes of the Wilaya or the head of the territorial tax center or the Director of Large Enterprises, as applicable.

August 22, 2010 JOURNAL OFFICIAL OF THE ALGERIAN REPUBLIC No. 47

I, the undersigned, ........................................................................................................................................................................
................................................................. (1) and, according to the powers conferred on the Commission for the Organization and Surveillance of Stock Market Operations by Law No. 06-11 of June 24, 2006 relating to the Investment Capital Company, notably its Articles 24, 25, and 26.

Certify that, in accordance with the provisions of Articles 24, 25, and 26 of Law No. 06-11 of June 24, 2006, cited above, the investment capital company:
Company: .....................................................................................................................................................................................
Capital: .....................................................................................................................................................................................
Registered Office: .............................................................................................................................................................................
.......................................................................................................................................................................................................
Tax Identification Number (NIF):
Commercial Register Number: ........................................................................... issued on: .....................................................

Has respected its commitment to conserve funds valued at: ................................................................................
.......................................................................................................................................................................................................
invested in the enterprises:

• ................................................................................................................, since the date of ............................... to date;
• ................................................................................................................, since the date of ............................... to date;
• ................................................................................................................, since the date of ............................... to date;
• .................................................................................................................................. pending the production of the present.

This certificate is issued to the declarant to assert their rights before the tax administration.

Done at .......................... on: ....................................
Service Visa:

CERTIFICATE OF COMPLIANCE WITH COMMITMENTS
(Articles 24, 25, and 26 of Law No. 06-11 of June 24, 2006)

ALGERIAN DEMOCRATIC AND POPULAR REPUBLIC
(1) Name, first name, and title of the signatory.
COMMISSION FOR THE ORGANIZATION AND SURVEILLANCE OF STOCK MARKET OPERATIONS