(Office Translation)

ARTICLES OF ASSOCIATION
Norman ASA

(as per extraordinary general meeting 10 October 2006)

§ 1

The Company’s name is Norman ASA. The Company is a Public Limited Comapny ("allmennaksjeselskap").

§ 2

The Company’s registered business office is in Bærum, Norway. The general meetings of the Company may be held in Oslo.

§ 3

The Company’s business object is to operate within the business areas of import, development and sale of IT software, and import and sale of IT hardware and to provide related consultancy services, and further to engage in other businesses of interest, included participation in other companies.

§ 4

The Company's share capital is NOK 3,772,469 divided into 9,798,622 shares each with a nominal value of NOK 0.385, fully paid up and designated by name.

§ 5

The Company shall have a Board of Directors consisting of 3 - 7 members, in accordance with the decision of the General Meeting.The Chairman of the Board of Directors shall have the casting vote in the event of a voting tie.

§ 6

The Company shall have an election committee comprising two to three members. The election committee members shall be elected by the General Meeting. The period of service for the members of the election committee shall be from one to two years, in accordance with the decision of the General Meeting.

The tasks of the election committee shall be to make proposals to the General Meeting for the election of shareholder-elected members and deputy members to the Board. The election committee shall make its proposals known to the Chairman of the Board at least two weeks before the General Meeting is held.

§ 7

The annual General Meeting shall be held by the end of June.

The Chairman of the Board of Directors shall be the Chairman of the General Meeting.

The annual General Meeting shall deal with and decide the following matters: 

  1. Adoption of the annual accounts and annual report, including the distribution of dividends. 
  2. Other matters which should be dealt with by the General Meeting in accordance with the law or the Articles of Association.