§1
The company’s name is DOF ASA. The company is a public limited liability company.

§2
The object of the company is to engage in trading and shipping business and other offshorerelated activity, including participation in other companies with the same or similar objects.
The company’s shares shall be registered in the Norwegian Central Securities Depository.

§3
The company’s registered office is in the municipality of Austevoll.

§4
The company’s share capital is NOK 307,762,779 divided between 307,762,779 shares, each with a nominal value of NOK 1, fully paid up and registered.

§5
The company’s board of directors consists of 4 –7 members, the precise number to be decided by the general meeting. The chairman of the board of directors is elected by the general meeting.
The chairman of the board of directors alone or two directors jointly may sign for the company. The board of directors may appoint a general manager and grant him/her power of procuration.

The company shall have an Election Committee which shall make proposals for election of Board Members to the General Meeting of Shareholders. The Election Committee shall consist of 3 members, who shall be elected by the General Meeting of Shareholders with a service period of 2 years.

§6
The following is the business of the ordinary general meeting:
1.
Adoption of the annual accounts and balance sheet, including the distribution of dividend.
2.
Election of the board of directors and auditor.
3.
Other matters which, pursuant to statutory provisions, are the business of the general meeting.

§7
Shareholders who wish to attend the company’s general meeting shall notify the company in writing or verbally within the deadline stipulated in the notice of meeting, which deadline may not expire earlier than 5 days prior to the general meeting. If a shareholder has not given notice of attendance within the deadline, he/she may be denied access to the meeting. Notice of the general meeting must be sent at the latest two weeks prior to the general meeting being held.

§8
The legislation concerning public limited liability companies in force from time to time shall otherwise be applicable.

§9
Electronic publication of documents.
It is not necessary to send documents which apply to items to be discussed by the general meeting by post to the shareholders provided the documents are made available on the company’s web site. The same applies to documents which legally are to be included in or enclosed with the notice of the general meeting. However, shareholders have the right to demand receipt by post of documents relating to issues to be discussed during the general meeting.

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