The issued share capital of the Company is DKK 48,858,065 comprising of 48,858,065 Shares fully paid with a par value of DKK 1 and issued in accordance with Faroese law.

The shares of the Company may be freely transferred. No shares have any special rights. No restrictions apply with regard to sale or any other transition of shares.

The Shares are registered in the VPS which maintains the Company's share register. The Shares are registered with ISIN NO: FO0000000179. The share registry of the company is kept by Nordea Bank Norge ASA.

The shares of the company are registered in the share registry by name.

The Shares are equal in all respects and each Share carry one vote at the Company's general meeting.

Year	Type of change in share capital	Change in issued share capital	Change in number of shares	Par value per Share	Total issued share capital	Total number of issued Shares following change
2007	IB 1. Jan			DKK 1,000-1,000,000	2,991,789	67
2010	Change nominal value			1	2,991,789	2,991,789
2010	Issue Merger	972,064	972,064	1	3,963,853	3,963,853
2010	Equity Issue/ Share split	42,286,147	42,286,147	1	46,250,000	46,250,000
2010	Share issue	2,608,065	2,608,065	1	48,858,065	48,858,065