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‘Atan Extraordinary General Meeting of the Members of the above named Company duly convened and held at 3Ac, 3rd Floor, Leisure island Business Centre, 23 Ocean Village Promenade, Ocean Village Gibraltar on 26" March 2015 the following SPECIAL RESOLUTIONS were duly passed: ‘SPECIAL RESOLUTIONS. ‘A _ “That the Articles of Association of the Company be amended to reflect the Insertion of the following definitions and clause: ‘2009 Directive” means the Directive 2009/138/EC (‘Solvency It), as amended by Directive 2014/51/EU (‘Omnibus I’) and cs further amended from time to time. “Regulations” means the Commission Delegated Regulations (EU) 2015/35 of 10 October 2014 which supplement the 2009 Directive. “Solvency Copital Requirement” shall have the same meaning as is given to it in the 2009 Directive and the Regulations. 6A. No distributions, payments, redemptions or repayments shall be made by the Company in respect of any Shores or other instrument issued by the Company, which fall Within thelist of own-fund items set out in Article 69 of the Regulations, unless. {) before ond following such distribution, payment, redemption or repayment, the ‘Company's Solvency Capital Requirement is exceeded by an appropriate margin ‘taking into account the solvency position of the Company, including the Company's ‘medium-term capital management plan; and (6) the payment of such estrbution, payment, redemption or repayment wil not result inthe Company fling to comply with is Solveney Capital Requirement in ony respect; ond (6) the prior consent of the Financial Services Commission has been obtained.” “That the Articles of Association be approved and adopted as the Articles of Association of the Company, in substitution for, and to the entire exclusion of, all existing articles thereof”

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