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sd-10-EFTA01366831Dept. of Justice

EFTA Document EFTA01366831

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Amendment #4 Page 402 of 868 Coln,ml, 18. Financial Instruments and risk management The Group conducts transactions with financial instruraents These devour instruments are managed thecugh operating strateges that aim at liquidity, profitabltty and Security The risks associated with these operations are managed a ccordng to the practices defined by management of the Group and Renova. incrulng the monitoring of the levers of exposure ()leach market risk and estimated I awe cash flows These

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Dept. of Justice
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sd-10-EFTA01366831
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