Articles of Association


Several of the new provisions of the new Danish companies act did not become
effective until 1 May 2010.

The Danish Commerce and Companies Agency has decided to allow conditional
amendments to corporate articles of association for a transitional period in a
number of specific cases.

Accordingly, on 20 April 2010 the Annual General Meeting decided to adopt a
number of conditional amendments to the Articles of Association, including one
concerning the wording of the conditional provisions once the new Danish
companies act became effective. This means that Management has not been at
liberty to use any other wording for these amendments, etc.

The conditional amendments were incorporated into the Articles of Association as
follows: the existing provisions remained unchanged, followed by the statement
that they would be reworded upon the entry into force of the new companies act.
Then followed the new wording.

Since the provisions of the new Danish companies act have now become effective,
Management has made the relevant consequential changes to the Articles of
Association, so that existing provisions and the statement that they would be
reworded upon the entry into force of the new companies act have been deleted.

Accordingly, the Articles of Association now include only the new provisions
that follow from the entry into force of the new companies act. The amended
version of the Articles of Association has been filed with the Danish Commerce
and Companies Agency.


[HUG#1411868]


Attachments

Articles of Association pdf.pdf