Cassandra Oil AB (publ)
ARTICLES OF ASSOCIATION
adopted at the Extra Annual General Meeting on July 7, 2017.
The corporate name of the Company is Cassandra Oil AB. The Company is a public company.
The Board of Directors' registered office shall be in the municipality of Västerås. General Meetings may be held in Stockholm or if extraordinary circumstances require it, at another location in Sweden.
The business object of the Company is, either directly or indirectly via subsidiaries, associated -companies or through other types of partnerships, to explore for, expand and produce oil, gas and metals and other natural resources, and thereby conduct operations associated with the business object.
The share capital shall consist of a minimum of SEK 30,000,000 and at most SEK 120,000,000.
The number of shares shall be no less than 60,000,000 and no more than 240,000,000. All shares are of the same class.
The number of members of the Board shall not be less than three or more than eight, with no deputy members.
The Company shall have one or two auditors with or without deputy auditors or a registered public accounting firm.
Notice of a General Meeting of Shareholders must be published in the Swedish "Post- och Inrikes Tidningar" newspaper and on the Company's website. A notice must also be published in the Svenska Dagbladet newspaper that notification has been made.
Notice of an Annual General Meeting and of an Extraordinary General Meeting at which a resolution to make changes to the Company's Articles of Association are to be discussed, must be published no earlier than six weeks and no later than four weeks before the Meeting. Notice convening other Extraordinary General Meetings shall be issued no earlier than six weeks and no later than two weeks before the Meeting.
To be entitled to participate in the proceedings of a General Meeting, a shareholder must be registered in the print-out of the full share register, relating to the circumstances, five business days before the Meeting. The shareholder must also notify the Company of his/her intention to attend the Meeting and of the number of proxies no later than on the date stated in the notice convening the Meeting. This date may not be a Saturday or Sunday, a public holiday, Midsummer's Eve, Christmas Eve or New Year's Eve. Nor may it be earlier than five business days before the Meeting.
The Company's financial year shall be the same as the calendar year.
A shareholder or fund manager who is entered in the share register on the record date and noted in the list of shareholders in accordance with Chapter 4 of the Swedish Financial Instruments Act (1998:1479) or a person who is noted in a record account in accordance with Chapter 4 Section 18 Paragraph 1, 6-8 in said Act, will be assumed to be entitled to exercise the rights stipulated in Chapter 4 Section 39 of the Swedish Companies Act (2005:551).