(1) Includes shares held directly and indirectly by Marc Ladreit de Lacharrière. Shares representing 1.13% of the capital are held by Fimalac.(2) US-based Hearst Corporation is Fimalac's sole partner in Fitch Group. It initially acquired 20% of the capital and voting rights in April 2006, and raised its interest to 50% of the capital in two steps (20 % in november 2009 and 10 % in april 2012). Hearst Corporation is one of the world's largest communication groups. Created more than 120 years ago, the privately owned group currently has over 15,000 employees. Its diversified business base encompasses the print media (newspapers and magazines), television and radio and the Internet. The agreement between Fimalac and Hearst Corporation, which has been in force since 2006, can be downloaded from the Investor Relations section (Legal Documents) of the Fimalac website (www.fimalac.com). It is available in French only. A summary of the agreement is provided below on page 183 ("Ownership Structure").
