Stock Options & Similar

The Company has not issued any warrants, stock options or other financial instruments which, if exercised, would mean a dilution for the shareholders of the Company. The company has issued a convertible loan which could dilute the shareholders by 200’000 shares. The Board of Directors currently has set-up an option plan for executives and employees. The maximum dilution for such an option plan would not exceed 1,338,000 shares (10.7 per cent).