14 KNOTS SA

Mediation, operational and commercial management in the maritime sector as well as the purchase, sale, rental and charter of ships, maritime transport and similar activities, agency business, consulting for its own account or for third parties, for affiliated companies and the group, acquiring participations in other companies or enterprises. The company may carry out any operation aimed at pursuing the social purpose, may directly acquire and dispose of interests or participations in other companies or enterprises having an analogous, related or connected object to its own.