HAGE TRANS AG

The company's purpose is to purchase, sell, rent and operate ships, as well as conduct related business within and outside of Switzerland. The company may establish branches in Switzerland and abroad, conduct all business and conclude contracts that are suitable to promote the company's purpose or are directly or indirectly related to it. The company may also participate in, found, acquire and merge with other companies of any kind in Switzerland and abroad. It may acquire, encumber and dispose of real estate and intellectual property rights in Switzerland and abroad, and establish branches and agencies in Switzerland or abroad by decision of the board of directors. Furthermore, the company may acquire, manage and sell securities, take out and grant loans, and provide guarantees and other securities.