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With effect from 1 July 2007, Hapimag will issue the Holiday Share_21 based on new general terms and conditions.Using the Holiday Share_21, members will be able in future to personally determine when and how long they want to benefit from the Hapimag Holiday World. The new general terms and conditions contain a cancellation right, which can be exercised after an ownership period of seven years.Thanks to these flexible arrangements, you will benefit in future from the advantages of co-ownership and the freedom to take a decision at any time regarding the length of your membership. The rights of existing shareholders will not be affected by the introduction of the new Holiday Share_21. In future existing shareholders will also be able to profit from the new general terms and conditions: in the next few years they will receive, graded according to the length of their membership, personal offers relating to the main contents of the new general term