Memorandum of Association of the National Fire & Marine Insurance Company Of New Zealand, with Articles of Association Annexed,

Under and in pursuance of "The Joint Stock Companies Act, 1860," and "The Joint Stock Companies Amendment Act, 1862."

Memorandum of Association.

1st. The name of the Company is "The National Fire and Marine Insurance Company of New Zealand."

2nd. The Registered Office of the Company is to be established in the City of Dunedin, in the Province of Otago.

3rd. The objects for which the Company is established are "To undertake and effect Insurances against loss, destruction, or damage by fire upon or in respect of Dwelling-houses, Warehouses, Shops, and all other kinds of buildings and erections whatsoever, situate in any part of the Colony of New Zealand, or in any other part of the world, or the rents thereof, or mortgages thereon, or any interest whatsoever therein respectively; and also upon or in respect of all kinds of Goods, Wares, Merchandise, Household and other Furniture and Effects, Farming Produce, Live Stock, and Chattels, in the said Colony of New Zealand, or in any other part of the world, and any interest whatsoever therein respectively; and also to undertake and effect insurances upon Marine risks of or upon Ships or Vessels in harbour, or to sail from and to, or from or to any port or ports in the world, and either for a particular voyage, or particular voyages, whether coasting or otherwise, or for and during a certain time, or upon any other Marine risks whatsoever, which, in the opinion of the Directors of the Company for the time being, shall he of an insurable character; and generally to effect page 4 and carry out all and singular the objects and purposes usually considered to be embraced in and by the several kinds of insurance business aforesaid." It shall also be within the scope and objects of the Company to purchase the goodwill and business in New Zealand, or elsewhere, and undertake or take over all the liabilities in New Zealand, or elsewhere, of any other Fire or Marine Insurance Company or Companies, upon such terms as may be mutually agreed between the Company and such other Company or Companies as aforesaid.

4th. The liability of the Shareholders is unlimited.

5th. The nominal capital of the Company is One Million Pounds, divided into One Hundred Thousand Shares of Ten 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 to our respective names.

Dated this fifteenth day of September, one thousand eight hundred and seventy-three.