BBL Denmark Holding a/S Watch

from F-4 14 pages The Companies Acts 1985 to 1989 Public Company Limited by Shares Articles of Association of Britannia Bulk PLC 1. Preliminary

from F-4 13 pages The Companies Acts 1985 to 1989 Public Company Limited by Shares Memorandum of Association of Britannia Bulk PLC 1. the Company’s Name Is Britannia Bulk PLC 2. the Company Is a Public Company. 3. the Company’s Registered Office Is to Be Situated in England and Wales. 4.1 the Object of the Company Is to Carry on Business as a General Commercial Company. 4.2 Without Prejudice to the Generality of the Object and the Powers of the Company Derived From Section 3a of the Act the Company Has Power to Do All or Any of the Following Things:- 4.2.1 to Purchase or by Any Other Means Acquire and Take Options Over Any Property Whatever, and Any Rights or Privileges of Any Kind Over or in Respect of Any Property

from F-4 1 page Certificate of Incorporation on Re-Registration of Private Company as a Public Company Company No. 3842976