Shareholder Structure

C-QUADRAT Ampega Asset Management Armenia, Limited Liability Company, is a Joint Venture between C-QUADRAT Investment AG, Vienna/Austria, and Talanx Asset Management GmbH, Cologne/Germany. Talanx Asset Management GmbH sole shareholder is Talanx AG (100% of shares), as a result of which the latter qualifies as indirect shareholder of C-QUADRAT Ampega Asset Management Armenia LLC.