Salcomp Plc Stock Exchange Release 19 February 2007 at 11.05 Finnish time INVITATION TO SALCOMP PLC'S ANNUAL GENERAL MEETING OF SHAREHOLDERS The shareholders of Salcomp Plc are invited to an Annual General Meeting of Shareholders to be held in Marina Congress Center at Katajanokanlaituri 6, Helsinki, on Thursday, 29 March 2007 starting at 2.00 p.m. (Finnish time). The reception of those who have notified of their attendance will start at the meeting venue at 1.30 p.m. (Finnish time). MATTERS TO BE DEALT WITH AT THE MEETING 1. Matters to be discussed at an Annual General Meeting pursuant to Article 12 of the Articles of Association The Company's financial statements bulletin and the Board of Directors' proposal for profit distribution were published on 8 February 2007. The Board of Directors proposes that a dividend of EUR 0.06 per share be distributed, a total of EUR 2.3 million, and the remainder be carried over to the free equity. Shareholders who on the record date of 3 April 2007 have been entered as shareholders in the company's shareholder register kept by the Finnish Central Securities Depository Ltd are entitled to dividend. The Board of Directors proposes that dividend be paid on 12 April 2007. The Company has been informed that shareholders representing more than 53% of the shares and votes in the Company are going to propose to the General Meeting of Shareholders that the composition of the Board of Directors shall remain unchanged. Thus, the Board of Directors until the conclusion of the 2008 Annual General Meeting would comprise Kari Vuorialho, Jorma Terentjeff, Timo Leinilä, Andreas Tallberg, Panu Halonen and Petri Myllyneva. The corresponding shareholders are also going to propose that the remuneration for the Board of Directors be kept unchanged so that the Chairman would receive EUR 30,000, the Vice Chairman EUR 25,000 and each member EUR 20,000 per term of office, and that expenses arising from attendance at meetings be reimbursed. According to the shareholders' proposal, KPMG Oy Ab, Authorised Public Accounting Firm, would continue as the Company's auditor. 2. Amendment to the Articles of Association The Board of Directors proposes that the General Meeting of Shareholders shall amend the Articles of Association primarily due to the new Finnish Companies Act (the “Companies Act”) in force as of 1 September 2006 as follows (references to the numbering within the currently valid Articles of Association): (i) § 2: The article concerning the Company's line of business shall be amended to better reflect its operations. (ii)§ 3: The provisions concerning the amount of share capital, number of shares and the allowed minimums and maximums shall be repealed. It shall be noted that the Company's shares are included in the book-entry system. (iii) 4 §: The description of the tasks of the Board of Directors shall be repealed as unnecessary. The tasks of the Board of Directors are determined on the basis of the Companies Act in force. (iv) § 6: The maximum number of ordinary Board members shall be changed from the current six (6) to eight (8) and the provision on deputy members shall be repealed. (v) § 8: Authorisation to sign for the Company shall be changed into authorisation to represent the Company in accordance with the new Companies Act. (vi) 9 §: The reference to the possibility to grant procurations shall be moved to the section concerning representation. (vii) § 10, subsection 1: This shall be amended so that the documents to be presented at the meeting are financial statements including consolidated financial statements, and an operating report that is no longer a part of the financial statements. Subsection 3 shall be amended so that the meeting adopts the financial statements, not the income statement and balance sheet. (viii)15 §: The current § 15 shall be repealed altogether by moving the reference to the book-entry system to § 3 of the Articles of Association. (ix) The numbering of articles shall be adjusted so that notes of the repealed Articles 4, 5, 9, 14 and 15 are replaced with currently valid articles. 3. Authorising the Board of Directors to decide on a share issue The Board of Directors propose that it would be authorised to decide on offering new shares for subscription through a share issue pursuant to Chapter 9, Section 2(2) of the Companies Act or by granting options or other special rights referred to in Chapter 10 of the Companies Act entitling for shares. On the basis of the authorisation, the number of the Company's shares may increase by a maximum of 8,000,000 through one or more issues. The Board of Directors would be authorised to decide on the grounds for determining the subscription price or to determine the subscription price for new shares. The authorisation would not rule out the Board of Directors' right to decide on a private offering. The authorisation would be valid until 30 June 2008. 4. Reducing the share premium account The Board of Directors proposes that the share premium account according to the Company's balance sheet 31 December 2006 be reduced by the total amount of the share premium account, EUR 23,690,992.21, by transferring said amount to the company's invested free equity fund. After the reduction, the share premium account would amount to zero. 5. Incentive programme The Board of Directors proposes to the General Meeting of Shareholders that a stock option scheme be introduced as the Company's incentive programme. The Board of Directors proposes that stock options pursuant to Chapter 10 of the Companies Act be issued by the General Meeting of Shareholders to key personnel of the Company and its subsidiaries determined by the Board of Directors, as well as a fully owned subsidiary of the Company, as part of an incentive and commitment programme. The Company has a weighty financial reason for the issue of stock options, since the stock options are intended to form part of the incentive and commitment programme for key personnel. The maximum total number of stock options issued would be 2,047,500, and they would entitle their holders to subscribe for a maximum total of 2,047,500 new shares in the Company on preconditions determined in more detail in the terms and conditions of the options. Of the stock options, 657,500 would be marked with the symbol 2007A, 682,500 would be marked with the symbol 2007B and 707,500 would be marked with the symbol 2007C. The share subscription period for stock options 2007A would be 1 April 2010 - 31 March 2012, while the subscription period for stock options 2007B would commence and end exactly one year later and the subscription period for stock options 2007C correspondingly two years later. The stock options would be granted free of charge. MEETING DOCUMENTS The 2006 financial statement documents, Board of Directors' proposals and other documents called for by the Companies Act shall be kept available for viewing by shareholders for one week before the meeting at the Company's head office: Salcomp Plc, Salorantie 10, 24100 Salo, Finland, and on the Company's Web site at www.salcomp.com. Copies of the documents will be sent to shareholders on request. RIGHT AND NOTIFICATION OF ATTENDANCE Shareholders who on 19 March 2007 have been entered in the Company's shareholder register kept by the Finnish Central Securities Depository Ltd have the right to attend the General Meeting of Shareholders. Shareholders registered in the name of a nominee must contact their account operator in order to have themselves temporarily entered in the Company's shareholder register on 19 March 2007 for the purpose of attending the meeting. Shareholders who wish to attend the Annual General Meeting are requested to notify the Company of their attendance no later than on 23 March 2007 at 4 p.m. (Finnish time). Notification can be made by telephone +358 44 939 4669, by fax +358 201 875 450, by email to agm2007@salcomp.com or by mail to Salcomp Plc/AGM/Päivi Luoti, P.O. Box 95, FI-24101 Salo, Finland. Attendees are requested to indicate if they are attending by proxy and to submit any proxies to the above address before the end of the registration period. Helsinki, 19 February 2007 SALCOMP PLC Board of Directors Further information: Markku Hangasjärvi, President and CEO, Tel. +358 40 7310 114 Antti Salminen, CFO, tel. +358 40 5351 216 Distribution: Helsinki Stock Exchange The main media www.salcomp.com BOARD OF DIRECTORS' PROPOSALS TO ANNUAL GENERAL MEETING ON 29 MARCH 2007 1. Payment of dividend The Board of Directors proposes to the General Meeting of Shareholders that a dividend of EUR 0.06 be paid to Salcomp Plc's shareholders for the financial period that ended on 31 December 2006. Shareholders who on the record date of 3 April 2007 have been entered as shareholders in the company's shareholder register kept by the Finnish Central Securities Depository Ltd are entitled to receive a dividend. The Board of Directors proposes that the dividends be paid on 12 April 2007. 2. Board of Directors' proposal to authorise the Board of Directors to decide on a share issue and the granting of special rights entitling to shares The Board of Directors proposes that the General Meeting of Shareholders authorise the Board of Directors to decide on the issuance of a maximum of 8,000,000 new shares through a share issue or by granting special rights referred to in Chapter 10, Section 1 of the Companies Act (excluding personnel stock options) in one or more issues. The proposed maximum authorisation corresponds to approximately 20.5% of the total number of shares on the date of submitting the Board's proposal. The authorisation is proposed to be valid until 30 June 2008. The Board of Directors proposes that it be authorised to issue shares through a directed offering - that is, to deviate from the shareholders' pre-emptive subscription right. It is proposed that the authorisation be used for financing or carrying out arrangements important to the company, such as mergers, acquisitions or investments, or for other purposes subject to the Board of Directors' decision. The Board of Directors proposes that the Board be authorised to decide on all other terms and conditions of carrying out a share issue or granting special rights referred to in Chapter 10, Section 1 of the Companies Act, including the recipients of shares or special rights entitling thereto, the amount of consideration payable, or the condition that the subscription price may be fully or partially paid in other assets besides cash. 3. Board of Directors' proposal for granting stock options The Board of Directors proposes that stock options be issued by the General Meeting of Shareholders to the key personnel of the Salcomp Group, as well as to a wholly owned subsidiary of Salcomp Plc, on the terms and conditions attached hereto (Appendix 1). The Company has a weighty financial reason for the issue of stock options, since the stock options are intended to form part of the incentive and commitment programme for key personnel. The purpose of the stock options is to encourage the key personnel to work on a long-term basis to increase shareholder value. The purpose of the stock options is also to commit the key personnel to the Company. The maximum total number of stock options issued will be 2,047,500. The stock options entitle their holders to subscribe for a maximum total of 2,047,500 new shares in the Company. The stock options proposed for issue can be exchanged for shares constituting a maximum total of 5.0% of the Company's shares and votes of the shares, after the potential share subscription. The share subscription price would be: (a) for stock option 2007A, the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days preceding the 2007 Annual General Meeting of Shareholders of the Company (b) for stock option 2007B, the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days after the publishing of the Company's financial statements for the financial year 2007 (c) for stock option 2007C, the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days after the publishing of the Company's financial statements for the financial year 2008. The share subscription period for stock options 2007A will be 1 April 2010—31 March 2012, for stock options 2007B, 1 April 2011—31 March 2013 and for stock options 2007C, 1 April 2012—31 March 2014. The share subscription period will, however, begin only if certain prerequisites for the Company's total shareholder return, separately determined by the Board of Directors, have been fulfilled. For stock options 2007A, this total shareholder return (value increase + dividends) is 8% per annum. 4. Board of Directors' proposal to reduce the share premium account The Board of Directors proposes that the General Meeting of Shareholders make a decision to the effect that the share premium account according to the Company's balance sheet 31 December 2006 be reduced by the total amount of the share premium account indicated on the balance sheet, EUR 23,690,992.21, by transferring all funds recorded in the share premium account to the company's invested free equity fund. After the reduction, the share premium account would amount to EUR 0. According to the new Companies Act that entered into force on 1 September 2006, the subscription price for shares shall be recorded either in share capital or in the invested free equity fund. According to the Companies Act valid prior to this, any portion of share subscription price exceeding the nominal value was recorded in the share premium account. For this reason, Salcomp Plc's share premium account has a balance of EUR 23,690,992.21 on the date of this proposal. Funds in the share premium account are restricted shareholders' equity. If the share premium account was reduced, the funds would be moved to the Company's unrestricted equity. Any reduction of the share premium account shall be notified to the Company's creditors pursuant to Chapter 14 of the Companies Act. 5. Board of Directors' proposal to amend the Articles of Association The Board of Directors proposes that the Articles of Association be amended to better reflect the provisions of the new Companies Act in force as of 1 September 2006. Furthermore, the Board of Directors proposes that the article concerning the Company's line of business be amended to better reflect the Company's current business operations. The Board of Directors proposes the following amendments to the Articles of Association: (a) The article concerning the line of business shall be amended to better reflect the Company's current operations (§ 2). (b) The provisions concerning the amount of share capital, number of shares and the allowed minimums and maximums shall be repealed. It shall be noted that the Company's shares are included in the book-entry system (§ 3). (c) The description of the tasks of the Board of Directors shall be repealed as unnecessary. The tasks of the Board of Directors shall be determined on the basis of the Companies Act valid from time to time (§ 4). (d) The maximum number of ordinary Board members shall be changed from the current six (6) to eight (8) and the provision on deputy members shall be repealed (§ 6). (e) Authorisation to sign for the Company shall be changed into authorisation to represent the Company in accordance with the new Companies Act (§ 8). (f) The reference to the possibility to grant procurations shall be moved to the section concerning representation (§ 9). (g) The section concerning the presentation of financial statements at an Annual General Meeting shall be amended so that the documents to be presented at the meeting are financial statements including consolidated financial statements, and an operating report that is no longer a part of the financial statements (§ 12). (h) The wording of the section concerning the adoption of the financial statements shall be amended so that the General Meeting shall adopt the financial statements, not the income statement and balance sheet (§ 12). (i) The current § 15 shall be repealed altogether by moving the reference to the book-entry system to § 3 of the Articles of Association, which concerns the Company's shares (§ 15). (j) The numbering of articles shall be adjusted so that notes of the repealed Articles 4, 5, 9, 14 and 15 are replaced with currently valid articles. This makes the numbers of the articles run in sequence and eliminates gaps at repealed articles. The proposed new Articles of Association are enclosed to the proposal (Appendix 2). Helsinki, 19 February 2007 Board of Directors APPENDIX 1 SALCOMP PLC STOCK OPTIONS 2007 The Board of Directors of Salcomp Plc (Board of Directors) has resolved to propose to the Annual General Meeting of Shareholders of Salcomp Plc (Company) to be held on 29 March 2007 that stock options be issued to the key personnel of the Company and its subsidiaries (Group) and to a wholly owned subsidiary of the Company, on the following terms and conditions: I STOCK OPTION TERMS AND CONDITIONS 1. Number of Stock Options The maximum total number of stock options issued shall be 2,047,500, and they entitle their owners to subscribe for a maximum total of 2,047,500 new shares in the Company. 2. Stock Options Of the stock options, 657,500 shall be marked with the symbol 2007A, 682,500 shall be marked with the symbol 2007B and 707,500 shall be marked with the symbol 2007C. The people, to whom stock options are issued, shall be notified in writing by the Board of Directors about the offer of stock options. The stock options shall be delivered to the recipient when he or she has accepted the offer of the Board of Directors. 3. Right to Stock Options The stock options shall be issued gratuitously to the Group key personnel and to Salcomp Manufacturing Oy (Subsidiary), a wholly owned subsidiary of the Company. The Company has a weighty financial reason for the issue of stock options, since the stock options are intended to form part of the Group's incentive and commitment program for the Group key personnel. 4. Distribution of Stock Options The Board of Directors shall decide upon the distribution of the stock options. The Subsidiary shall be granted stock options to the extent that the stock options are not distributed to the Group key personnel. The Board of Directors shall later decide upon the further distribution of the stock options granted or returned later to the Subsidiary, to the key personnel employed by or to be recruited by the Group. Upon issue, all stock options 2007B and 2007C and those stock options 2007A that are not distributed to the key personnel, shall be granted to the Subsidiary. The Subsidiary can distribute stock options 2007 to the key personnel employed by or to be recruited by the Group, by the resolution of the Board of Directors. 5. Transfer of Stock Options and Obligation to offer Stock Options The stock options are freely transferable, when the relevant share subscription period has begun. The Board of Directors may, however, permit the transfer of stock options also before such date. The Company shall hold the stock options on behalf of the stock option owner until the beginning of the share subscription period. The stock option owner has the right to acquire possession of the stock options when the relevant share subscription period begins. Should the stock option owner transfer his/her stock options, such person is obliged to inform the Company about the transfer in writing, without delay. Should a stock option owner cease to be employed by or in the service of the Group, for any reason other than the death or the statutory retirement of a stock option owner, such person shall, without delay, offer to the Company or its order, free of charge, the stock options for which the share subscription period specified in Section II.2 has not begun, on the last day of such person's employment or service. The Board of Directors can, however, in the above-mentioned cases, decide that the stock option owner is entitled to keep such stock options, or a part of them, which are subject to the offering obligation. Regardless of whether the stock option owner has offered his/her stock options to the Company or its order or not, the Company can inform the stock option owner in writing that the stock option owner has lost his/her stock options on the basis of the above-mentioned reasons. Should the stock options be transferred to the book-entry securities system, the Company has the right, whether or not the stock options have been offered to the Company or its order, to request and get transferred all the stock options subject to the offering obligation from the stock option owner's book-entry account to the book-entry account appointed by the Company, without the consent of the stock option owner. In addition, the Company is entitled to register transfer restrictions and other respective restrictions concerning the stock options to the stock option owner's book-entry account, without the consent of the stock option owner. II SHARE SUBSCRIPTION TERMS AND CONDITIONS 1. Right to subscribe for new Shares Each stock option entitles its owner to subscribe for one (1) new share in the Company. As a result of the share subscriptions, the number of the Company's shares may be increased by a maximum of 2,047,500 new shares. The share subscription price shall be entered into the invested non-restricted equity fund. The Subsidiary shall not be entitled to subscribe for shares on the basis of the stock options. 2. Share Subscription and Payment The share subscription period shall be - for stock option 2007A 1 April 2010—31 March 2012 - for stock option 2007B 1 April 2011—31 March 2013 - for stock option 2007C 1 April 2012—31 March 2014. The share subscription period shall, however, begin only if certain prerequisites for the Company's total shareholder return, separately determined by the Board of Directors, have been fulfilled. Share subscriptions shall take place at the head office of the Company or possibly at another location to be determined later. In the case of the stock options having been transferred to the book-entry securities system, the stock options with which shares have been subscribed for shall be deleted from the subscriber's book-entry account. Upon subscription, payment for the shares subscribed for, shall be made to the bank account appointed by the Company. The Board of Directors shall decide on all measures concerning the share subscription. 3. Share Subscription Price The share subscription price shall be: - for stock option 2007A, the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days preceding the 2007 Annual General Meeting of Shareholders of the Company - for stock option 2007B, the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days after the publishing of the Company's financial statements for the financial year 2007 - for stock option 2007C, the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days after the publishing of the Company's financial statements for the financial year 2008. The share subscription price of the stock options may be decreased in certain cases mentioned in Section 7 below. The share subscription price shall, nevertheless, always amount to at least EUR 0.01. 4. Registration of Shares Shares subscribed for and fully paid shall be registered in the book-entry account of the subscriber. 5. Shareholder Rights The dividend rights of the shares and other shareholder rights shall commence when the new shares have been entered in the Trade Register. 6. Share Issues, Stock Options and other special Rights entitling to Shares before Share Subscription Should the Company, before the share subscription, decide on an issue of shares or an issue of new stock options or other special rights entitling to shares, a stock option owner shall have the same right as, or an equal right to, that of a shareholder. Equality is reached in the manner determined by the Board of Directors by adjusting the number of shares available for subscription, the share subscription price or both of these. 7. Rights in Certain Cases If the Company distributes dividends or funds from the non-restricted equity fund, from the share subscription price of the stock options, shall be deducted the amount of the dividend or the amount of the distributable non-restricted equity decided after the beginning of the period for determination of the share subscription price but before share subscription, as per the dividend record date or the record date of the repayment of equity. If the Company reduces its share capital by distributing share capital to the shareholders, from the share subscription price of the stock options, shall be deducted the amount of the distributable share capital decided after the beginning of the period for determination of the share subscription price but before share subscription, as per the record date of the repayment of share capital. If the Company is placed in liquidation before the share subscription, the stock option owner shall be given an opportunity to exercise his/her share subscription right before the liquidation begins, within a period of time determined by the Board of Directors. If the Company is deleted from the register, before the share subscription, the stock option owner shall have the same right as, or an equal right to, that of a shareholder. If the Company resolves to merge into another company as the company being acquired or into a company to be formed in a combination merger, or if the Company resolves to be demerged, the stock option owners shall, before the merger or demerger, be given the right to subscribe for the shares with their stock options, within a period of time determined by the Board of Directors. After such period, no share subscription right shall exist. In the above situations, the stock option owners shall have no right to require that the Company redeem the stock options from them at their market value. Repurchase or redemption of the Company's own shares or acquisition of stock options or other special rights entitling to shares shall have no impact on the status of the stock option owner. If the Company, however, resolves to repurchase or redeem its own shares from all shareholders, the stock option owners shall be made an equivalent offer. If a redemption right and obligation to all of the Company's shares, as referred to in Chapter 18 Section 1 of the Finnish Companies Act, arises to any of the shareholders, before the end of the share subscription period, on the basis that a shareholder possesses over 90% of the shares and the votes of the shares of the Company, the stock option owners shall be given a possibility to use their right of share subscription by virtue of the stock options, within a period of time determined by the Board of Directors, or they shall be given an equal possibility to that of shareholders to sell their stock options to the redeemer, irrespective of the transfer restriction defined in Section I.5 above. A shareholder who possesses over 90% of the shares and votes of the shares of the Company has the right to purchase the stock option owner's stock options at their market value. III OTHER MATTERS These terms and conditions shall be governed by Finnish law. Disputes arising in relation to the stock options shall be settled by arbitration in accordance with the Arbitration Rules of the Central Chamber of Commerce. The Board of Directors may decide on the transfer of the stock options to the book-entry securities system at a later date and on the resulting technical amendments to these terms and conditions, as well as on other amendments and specifications to these terms and conditions which are not considered essential. Other matters related to the stock options shall be decided on by the Board of Directors. The Company shall be entitled to withdraw the stock options which have not been transferred, or with which shares have not been subscribed for, free of charge, if the stock option owner acts against these terms and conditions, or against the regulations given by the Company on the basis of these terms and conditions, or against applicable law, or against the regulations of the authorities. These terms and conditions have been made in Finnish and in English. In the case of any discrepancy between the Finnish and English terms and conditions, the Finnish terms and conditions shall decide. APPENDIX 2 ARTICLES OF ASSOCIATION OF SALCOMP PLC 1 § Trade name and domicile of the Company The trade name of the Company is Salcomp Oyj, in English Salcomp Plc. The domicile of the Company is Salo. 2 § Line of business of the Company The line of business of the Company is to carry on development, manufacture and marketing of electronic appliances and related activities. The Company may own and possess Finnish and foreign real estate, securities and other financial instruments and trade in these. The Company may engage in operations either directly or through subsidiaries and associates. 3 § Share capital and shares The Company's shares are incorporated into the Finnish book-entry system. The share capital or the number of shares may be increased or decreased without amending the Articles of Association. The shares of the Company do not have a nominal value. 4 § Board of Directors The Board of Directors shall consist of a minimum of three and a maximum of eight ordinary members as resolved by the General Meeting of Shareholders. The term of a member of the Board of Directors shall end upon the termination of the next Annual General Meeting of Shareholders being held after the election. Without convening a meeting, the Board of Directors may pass written resolutions provided that all the members of the Board of Directors are unanimous in the resolution and confirm this with their signature. 5 § Managing Director The Company shall have a Managing Director who shall be appointed by the Board of Directors. 6 § Rights to represent the Company and procurations The Managing Director and the Chairman of the Board of Directors, each alone, and the members of the Board of Directors, two together, are authorised to represent the Company. The Board of Directors shall resolve on any rights of procuration. 7 § Auditors The Company shall have one ordinary auditor that shall be an audit firm authorised by the Central Chamber of Commerce. The term of the auditor shall end upon the termination of the next Annual General Meeting of Shareholders being held after the election. 8 § Convening notice A convening notice of the General Meeting of Shareholders shall be delivered to shareholders by publishing the notice at least in two (2) national newspapers determined by the Board of Directors or sending registered mail or by delivering it otherwise in a verifiable way to the address of the shareholder entered in the share register at the earliest two (2) months prior to the final registration date provided in the convening notice and at the latest seventeen (17) days prior to the General Meeting of Shareholders. 9 § General Meeting of Shareholders At the Annual General Meeting, the following shall be presented: 1. financial statements including the consolidated profit and loss statement, as well as the annual report and 2. the auditor's report; decided upon: 3. the adoption of the financial statements and the consolidated financial statements, 4. the measures to be taken on the basis of the profit or loss set out in the adopted balance sheet, 5. the granting of discharge to the members of the Board of Directors and the Managing Director, 6. the remuneration payable to the members of the Board of Directors and to the auditors; and 7. the number of the members of the Board of Directors, elected: 8. the members of the Board of Directors, and 9. the auditor. The General Meeting of Shareholders shall be held either in the place of domicile of the Company or in Helsinki, according to the preference of the convener of the General Meeting of Shareholders. 10 § Financial year The financial year of the Company is the calendar year. 11 § Advance Registration In order to participate in the General Meeting of Shareholders, a shareholder must register with the Company no later than on the day mentioned in the notice to the meeting. The registration period can be ordered to terminate at the earliest ten (10) days prior to the meeting.