§ 1 The name of the company is Luxo ASA. The company is a Public Limited Company.
§ 2 The company’s object is to develop, manufacture and sell lighting and other related products to the international market. The company can also own stock and shares in corresponding companies, make general investments and administer property.
The company’s business address is in Oslo.
§ 3 The company’s share capital is NOK 62,832,250.-, split in 12,566,450 shares of NOK 5.- each, issued by name and fully paid-up.
The company’s shares are registered in VPS ASA (Securities Register).
§ 4 The Board of Directors of the company can comprise maximum eight members. Two of the Directors with deputies are appointed by and among the employees. The Chairman of the Board and the Managing Director jointly or three Board Members jointly are authorised to sign on behalf of the company.
§ 5 At the company’s Annual General Meeting the following issues are to be dealt with and decided:
1. Adoption of Income Statement and Balance Sheet.
2. Application of the result for the year and declaration of dividend.
3. Adoption of Income Statement and Balance Sheet for the consolidated group.
4. Any other issues that are related to the Annual General Meeting by Norwegian law or the articles of association.
§ 6 On the election of shareholders’ members to the company’s Board of Directors an election committee is to present a recommendation to the company’s General Meeting.
The election committee is to comprise 4 – four – members elected by the General Meeting.
The members are to be shareholders or representatives of shareholders.
On the resignation of one or more members from the committee, new members are to be elected at the next General Meeting.
If a corporate assembly is established, the election committee’s functions cease, and it is unrolled from the time the General Meeting decides.
Oslo, 4 October 2006