ARTICLES OF ASSOCIATION OF LAROX CORPORATION §1 The business name and registered office of the company The business name of the company is Larox Oyj and Larox Corporation in English. The company's registered office is in Lappeenranta, Finland. §2 Business of the company The business of the company comprises worldwide 1) design, development, training in, maintenance, manufacture, purchase, sale and renting of equipment, machinery, materials and know-how, as well as providing other related services for the process and mining industries; 2) delivery of industrial plants for the process and mining industries, and production planning, development, training and other consultancy for these plants; 3) operation and maintenance of industrial plants or related equipment and machinery for the process and mining industries; 4) mining operations, owning and managing mines; as well as 5) owning, managing, trading in and renting real property, owner-occupied flats and securities. §3 Book-entry system The shares of the company are included in the book-entry system. §4 Shares of the company The shares of the company are divided into A and B series of shares. Each share in the A series entitles the holder to twenty (20) votes and each share in the B series to one (1) vote. §5 Board of Directors The company has a Board of Directors with at least three (3) and at the most six (6) ordinary members elected by the shareholders' meeting. The term of the Board of Directors expires at the closing of the next ordinary shareholders' meeting following their election. The Board of Directors has a Chairman elected by the Board among its members. §6 Managing Director of the Company The company has a Managing Director elected by the Board of Directors. §7 Representing the Company In addition to the Board of Directors, the Chairman of the Board of Directors and the Managing Director, each on their own, two members of the Board of Directors jointly, as well as persons so authorized by the Board of Directors can represent the company. §8 Accounting period The accounting period of the company shall be the calendar year. §9 Auditor The company shall have one (1) primary auditor, which shall be a public accountant company accepted by the Central Chamber of Commerce, or alternatively an auditor and a deputy auditor accepted by the Central Chamber of Commerce. The term of office of the auditor shall expire at the closing of the next ordinary shareholders' meeting following their election. §10 Summons to a shareholders' meeting The summons to a shareholders' meeting shall be delivered to the shareholders at the earliest three (3) months and at the latest seventeen (17) days before the meeting by publishing an announcement in at least one (1) newspaper published in Finland chosen by the Board of Directors. In order to be entitled to participate in the shareholders' meeting the shareholders shall confirm their attendance to the Company at the latest on the date mentioned in the invitation, which date may not be earlier than ten (10) days prior to the meeting. §11 Ordinary shareholders' meeting The ordinary shareholders' meeting shall be held within six (6) months from the end of the accounting period. The ordinary shareholders' meeting shall handle the following matters: Presenting 1. the financial statements of the company and the consolidated financial statements and the annual report; and 2. the auditor's report; deciding upon 3. adoption of the financial statements and consolidated financial statements; 4. measures called for by the profit reported on the balance sheet; 5. granting discharge from liability to the members of the Board of Directors and to the Managing Director; 6. the number of members of the Board of Directors; and 7. the fees to be paid to the members of the Board of Directors and to the auditor; electing 8. the members of the Board of Directors and 9. the auditor; and handling 10. any other matters mentioned in the summons to a shareholders' meeting. §12 Place where the shareholders' meeting is held The shareholders' meeting shall be held either at the place where the company has its registered office, or in Helsinki, Espoo or Vantaa.