OREANDA-NEWS. November 3, 2011. We wish to inform you that the Board of Directors has resolved to postpone the Annual General Meeting of shareholders. Originally planned to be held on 15 November, the AGM will now be held on Wednesday 7 December.

The decision to postpone the AGM results from the entry into force of the Luxembourg law of 24 May 2011 implementing Directive 2007/36/EC of the European Parliament and of the Council of 11 July 2007 on the exercise of certain rights of shareholders of listed companies (the “Shareholders’ Right Law”) which requires a minimum 30-day notice period between the convening and the actual date of the general meeting of shareholders.

As a result, the Company and the Board of Directors will comply with the new provisions of Luxembourg law regarding the convening of the general meeting of shareholders and will further work on the implementation of the Shareholders’ Right Law into the articles of incorporation of the Company.

Upon further resolution of the Board of Directors to convene the annual general meeting of shareholders, shareholders shall be duly convened via publication of the convening notice in the Luxembourg official gazette, a Luxembourg newspaper, market filings (ESPI) and on the Company’s website.

Instructions shall further be issued in relation to the attendance and voting process at the annual general meeting of shareholders.