The item “Bonds and notes” had a balance of € 297,404 thousand at December 31 2010, up from € 296,169 thousand at December 31 2009 and referred to the Bond issued by the Company in December 2004 for a nominal principal of € 300 million with maturity in 2024 at a fixed interest rate of 5.75%. Using the amortized cost method this loan was recognized including the accrued interest for the period and deducting the issuance discount and transaction costs and including the fair value of the derivative deal closed in the first half of 2010 which was hedging it. The effective interest rate is 5.87%. The bonds are listed on the Luxembourg Bourse.