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This excerpt taken from the PBR 20-F filed May 22, 2009. Redemption
PifCo may issue shares, which are redeemable by PifCo or by its
shareholders, on such terms and in such manner as the directors
may determine before the issuance of such shares. PifCo may
repurchase its own shares on such terms and in such manner as
the directors may determine and agree with the relevant
shareholder.
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