Decisions which shareholders are entitled to make pursuant to Norwegian law or our articles of association, may be made by a simple majority of the votes cast.

In the case of elections, the persons who obtain the most votes cast are deemed elected.

However, certain decisions, including resolutions to waive preferential rights in connection with any share issue, to approve a merger or demerger, to amend our articles of association or to authorize an increase or reduction in our share capital, must receive the approval of at least two-thirds of the aggregate number of votes cast as well as two-thirds of the share capital represented at a shareholders' meeting.