PF Finans / Clarinova

Share capital and ownership structure

Share capital

The Company has only one class of Shares. Each Share is entitled to one vote at the General Meeting and carries an equal right to the Company’s assets and profits. The Shares are denominated in EUR and have a quota value of EUR 1 per Share.

As of the date of this Prospectus, the share capital of Company amounts to EUR 3,000,000 divided into 3,000,000 issued and fully paid up Shares.

According to the Articles of Association, the Company’s authorised share capital is EUR 3,000,000, divided into 3.000,000 Shares.

Ownership structure

The table below sets out the ownership structure of Clarinova as at 30 September 2011.

Owner Mr. Bertil Olsson Mr Bo Falkman

1.500.000 shares and voting rights 1.500.000 shares and voting rights

50% 50%

Shareholders’ agreements

Mr. Olsson and Mr. Falkman have entered into an agreement where Mr. Olsson will subscribe for a new issue of shares amounting to € 10 million, effective latest the 31 st of December 2011. There are at present no other shareholders´agreements between the shareholders.

Related party transactions

No material transactions with related parties have been entered into by the Company. Any future transactions with related parties will be entered into on an arms length basis.

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