Articles of Associations

Section 1 – Company Name and Domicile
The name of the company is Titanium Plc and its domicile is Helsinki, Finland.

Section 2 – Line of Business
The company’s line of business is to own and manage shares and units in other entities, to engage in investment activities, and to provide Titanium Group with administrative and financing services supporting investment, mutual fund and alternative investment fund operations.

Section 3 – Book-Entry System
The company’s shares are included in the book-entry system.

Section 4 – Board of Directors
The Board of Directors is responsible for the administration of the company and the proper organization of its operations. The Board shall consist of a minimum of three (3) and a maximum of eight (8) regular members.

The term of office of the members of the Board shall end at the close of the first Annual General Meeting following their election. The Board shall elect a Chair from among its members.

Section 5 – Representation of the Company
The company shall be represented by the Board of Directors. The Chair of the Board and the CEO, shall represent each individually, as well as by two members of the Board jointly. In addition, the Board may grant a named person a procuration or the right to represent the company.

Section 6 – Notice of General Meeting and Advance Registration
The notice of a General Meeting shall be delivered to shareholders by publishing the notice on the company’s website no earlier than three (3) months and no later than three (3) weeks prior to the General Meeting, and in any case no later than nine (9) days prior to the record date of the meeting.

In order to participate in the General Meeting, a shareholder must register with the company no later than on the date specified in the notice of the meeting, which may be no earlier than ten (10) days prior to the meeting.

Section 7 – Annual General Meeting
The Board may decide that the General Meeting shall be held without a physical meeting venue, whereby shareholders may exercise their decision-making powers fully and in real time during the meeting by means of telecommunications connections and technical devices (remote meeting).

The Annual General Meeting shall be held annually on a date determined by the Board within six (6) months of the end of the financial year.

At the meeting, the following shall be presented:

1. the financial statements, including the income statement, balance sheet and report of the Board of Directors;
   2.  the auditor’s report.The meeting shall resolve on:
   3. the adoption of the financial statements;
   4. the use of the profit shown on the balance sheet;
   5. the discharge from liability of the members of the Board and the CEO;
   6. the number of members of the Board;
   7. the remuneration of the members of the Board and the auditor, and the principles for reimbursement of travel expenses.

The meeting shall elect:
8. the members of the Board;
9. the auditor and, if necessary, a deputy auditor.

The meeting shall consider:
10. other matters specified in the notice of the meeting.