Articles of Association of Transmode Holding AB (publ)

At the Extra General Meeting in Transmode Holding AB on 7 April 2011, it as resolved to adopt the following Articles of Association.

Org. No 556588-9101

§1

The company's name is Transmode Holding AB. The company is a public company (publ).

§2

The Board of Directors shall maintain its registered office in Stockholm.

§3

The company shall design, develop, manufacture and sell products in the area of telecommunications systems through the company itself or through subsidiaries, including providing management services, financial and group management services, and conduct other business compatible therewith.

§4

The share capital of the company shall be no less than SEK 4,000,000 and no more than SEK 12,000,000.

§5

The number of shares shall be no less than 20,000,000 and no more than 60,000,000.

§6

The Board of Directors shall consist of no less than three and no more than eight members.

§7

The company shall have one or two auditors with no more than two deputy auditors. A registered auditing firm may also be appointed auditor.

§8

Notice convening a general meeting shall be issued through announcement in Post- och Inrikes Tidningar as well as on the company's website. Announcement to the effect that notice convening a general meeting has been issued shall be made in Svenska Dagbladet.

To be authorised to attend a general meeting, the shareholders shall notify the company not later than 4:00 p.m. on the date stated in the notice convening the meeting. This day may not be a Sunday, public holiday, Saturday, Midsummer Eve, Christmas Eve or New Year's Eve and may not be earlier than the fifth weekday before the meeting.

§9

The financial year of the company shall be the calendar year.

§10

The company's shares must be registered in a central securities register pursuant to the Financial Instruments Accounts Act (1998:1497).