The following should be stated in the Articles of Association:

• Headquarters and corporate title of the company

• The objectives of the company

• Capital, nominal value of shares, number of shares and the terms of payment

• In case of capital commitment in kind (rather than or together with cash), the value appraised for the in kind capital

• Special privilegesif any, fortheshareholders, directors or other persons

• Provisions concerning the election of the members of Board of Directors and statutory auditors; their rights and duties and the persons authorized to represent the company

• Rules of general assembly meetings (quorum etc)

• The duration of the company

• The form of announcements of the company

• Portion of the capital each shareholder has undertaken