Authorisations

The Board of Directors has been granted authorisation by the Annual General Meeting on 29 March 2007 to decide on one or more share issues, on granting extraordinary rights in accordance with Chapter 10, Section 1 of the Companies Act, and on all the terms and conditions thereof. The maximum total number of shares that can be issued or subscribed for based on the authorisation is 3,500,000. The authorisation also gives the Board the right to decide on a directed share issue. The authorisation shall remain in force for 5 years after the Annual General Meeting's resolution. At the Board's discretion, the authorisation may be used for financing mergers and acquisitions, co-operating with other companies or implementing other similar arrangements or strengthening the company's financing and capital structure etc. 

The Board of Directors does not have a valid authorisation to buy back the company's own shares and the company does not have own shares (treasury shares) in its possession.