On 26th June 2019, Board of Directors of Carmila: has acknowledged the resignation of Mr. Jacques Ehrmann as a Member and Chairman of the Board, and Chief Executive Officer of Carmila SA, effective as of 30 June 2019; - has appointed Mr. Alexandre de Palmas as member of the Board of Directors, effective as of 1 July 2019 for the term of office of Mr. Jacques Ehrmann, that is until the meeting approving the financial statements for the financial year ended 31 December 2020; - has appointed Mr. Alexandre de Palmas as Chairman of the Board of Directors and Chief Executive Officer of Carmila SA, effective as of 1 July 2019.