SCHEDULE 1

Table B

Form of Memorandum of Association of a Company Limited by Shares

1st. The name of the company is “The Eastern Steam Packet Company, Limited.”

2nd. The registered office of the company will be situate in Gibraltar.

3rd. The objects for which the company is established are the conveyance of passengers and goods in ships or boats between such places as the company may from time to time determine, and the doing all such other things as are incidental or conducive to the attainment of the above object.

4th. The liability of the members is limited.

5th. The share capital of the company is two hundred thousand pounds divided into one thousand shares of two hundred pounds each.

WE, the several persons whose names and addresses are subscribed, are desirous of being formed into a company, in pursuance of this memorandum of association, and we respectively agree to take the number of shares in the capital of the company set opposite  our respective names.

Names, Addresses and Descriptions of Subscribers Gibraltar Merchant
1. John White of “ “ 25
2. John Brown of “ “ 30
3. Thomas Fielding of “ “ 40


Dated the day of 19 .

Witness to the above signatures,

A. B., No. 13, Main Street, Gibraltar.