Common use of Information on the project’s implementation Clause in Contracts

Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report 31/01/2016 Intermediate – A brief update on the technical description, explaining the reasons for significant changes vs. initial scope; – Update on the date of completion of each of the main project’s components, explaining reasons for any possible delay; – Update on the cost of the project (actual and updated forecasts for the following years), explaining reasons for any significant cost variations vs. initial budgeted costs – refer to table1 below; – A description of any major issue with impact on the environment; – Update on the project’s demand or usage and comments; – Any significant issue that has occurred and any significant risk that may affect the project’s operation; – Any legal action concerning the project that may be on-going. Please use the format of the table 1 below to report past actual expenditures and actualised forecasts. Table1: Project cost summary (monitoring reference). EUR m Initial distribution 2014 2015 2016 TIC CS Italy 65.2% 31.4 31.4 31.9 94.7 CS France 0.0% 0.0 0.0 0.0 0.0 Cardiac Surgery 31.4 31.4 31.9 94.7 CRM Italy 15.0% 8.8 9.0 8.8 26.6 CRM France 69.4% 40.9 41.6 40.8 123.3 Cardiac Rhythm Management 49.7 50.6 49.6 149.9 NV Italy 3.7% 0.4 0.5 1.2 2.1 NV France 68.9% 7.9 9.8 21.8 39.5 New Ventures 8.3 10.3 23.0 41.6 Total Italy 40.6 40.9 41.9 123.4 Total France 48.8 51.4 62.6 162.8 TOTAL 89.4 92.3 104.5 286.2

Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report 31/01/2016 Intermediate – - A brief update on the technical description, explaining the reasons for significant changes vs. initial scope; – - Update on the date of completion of each of the main project’s 's components, explaining reasons for any possible delay; – - Update on the cost of the project (actual and updated forecasts for the following years), explaining reasons for any significant cost variations vs. initial budgeted costs – - refer to table1 table 1 below; – - A description of any major issue with impact on the environment; – - Update on the project’s demand or usage and comments; – - Any significant issue that has occurred and any significant risk that may affect the project’s operation; – - Any legal action concerning the project that may be on-going. 31/01/2016 Intermediate Please use the format of the table 1 below to report past actual expenditures and actualised forecasts. Table1: Project cost summary (monitoring reference). EUR m Initial distribution 2014 2015 2016 TIC CS Italy CSItaly 65.2% 31.4 31.4 31.9 94.7 CS France 0.0— % 0.0 — 0.0 0.0 0.0 Cardiac Surgery 31.4 31.4 31.9 94.7 CRM Italy 15.0% 8.8 9.0 8.8 26.6 CRM France 69.4% 40.9 41.6 40.8 123.3 Cardiac Rhythm Management 49.7 50.6 49.6 149.9 NV Italy 3.7% 0.4 0.5 1.2 2.1 NV France 68.9% 7.9 9.8 21.8 39.5 New Ventures 8.3 10.3 23.0 41.6 Total Italy 40.6 40.9 41.9 123.4 Total France 48.8 51.4 62.6 162.8 TOTAL 89.4 92.3 104.5 286.2