Abu Dhabi National Oil For Distribution : Invitation to Attend AGM to be held on AGM at 24/03/2022

Date: 1 March 2022

Mr. Hamad Abdulla Al Ali

Acting Head of Listed Companies Affairs Department

Abu Dhabi Securities Exchange

PO Box 54500

Abu Dhabi, UAE

Greetings,

Subject: Notification of the date and agenda to the meeting of the Annual General Assembly of Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution or the Company)

Notice is hereby given that the Securities and Commodities Authority (SCA) has approved the Company's General Assembly meeting date and agenda.

Please find attached the approved invitation and agenda of the General Assembly meeting. The announcement will be published in Alittihad newspaper and The National newspaper, on Wednesday, 2nd March 2022.

Best regards,

2022 سرام 1 :خيراتلا

يلعلا الله دبع دمح /ديسلا ةبانلإاب ةجردملا تاكرشلا نوؤش ةرادإ سيئر ةيلاملا قارولأل يبظوبأ قوس 54500 ديرب قودنص ةدحتملا ةيبرعلا تاراملإا ،يبظوبأ

،دعبو ةبيط ةيحت

ةيمومعلا ةيعمجلا لامعأ لودجو خيراتب راطخإ:عوضوملا عيزوتلل ةينطولا يبظوبأ لورتب ةكرشل ةيونسلا

)ةكرشلا وأ عيزوتلل كوندأ( .ع.م.ش

ىلع علسلاو ةيلاملا قارولأا ةئيه /ةداسلا ةقفاومب ًاملع مكتيانع طيحن كوندأ ةكرشل يونسلا ةيمومعلا ةيعمجلا عامتجا لامعأ لودجو دعوم

.عيزوتلل

يونسلا ةيمومعلا ةيعمجلا عامتجا لامعأ لودجو ةوعد هيط مكل قفرم اذو داحتلاا ةفيحص نم لك يف نلاعلإا رشن متيس هنأب املعً ،ةدمتعملا

.2022 سرام 2 قفاوملا ءاعبرلأا موي لانوشان

،ريدقتلاو مارتحلاا قئاف عم

__________________

Copy to: Securities and Commodities Authority

يدياعلا نعم

ةرادلإا سلجم رس نيمأ

Mann El Aydi

Board Secretary

علسلاو ةيلاملا قارولأا ةئيه :ةخسن

INVITATION TO ATTEND THE ANNUAL GENERAL

ASSEMBLY MEETING OF ABU DHABI NATIONAL

OIL COMPANY FOR DISTRIBUTION PJSC

The Board of Directors of Abu Dhabi National Oil Company for Distribution PJSC (the Company) invites the Shareholders to attend the annual general assembly meeting in person on Thursday 24 March 2022 at 3:00pm at ADNOC Business Center, Zayed the First Street, Abu Dhabi or virtually through an electronic link for the meeting which will be sent to the Shareholders via SMS, email (as available) to enable the Shareholders to attend the meeting virtually and discuss the agenda and vote on the proposed resolutions in real time, to consider the following agenda:

Firstly: Authorise the chairman of the general assembly to appoint a secretary to the meeting and a vote collector.

Secondly: Special resolution agenda items:

1. Approve by Special Resolution the amendment to Article 68 of the Articles of Association of the Company as published at the Company's page at ADX and uploaded to the Company's website under the following link:https://www.adnocdistribution.ae/en/investor-relations/investor-relations/
2. To authorise the Board of Directors of the Company, and/or any person so authorised by the Board of Directors, to adopt any resolution or take any action as may be necessary to implement the ordinary and special resolutions to be adopted by the general assembly in this meeting including agreeing any changes to any of the above amendments to the Articles of the Company which the Securities and Commodities Authority or other regulatory authorities may request or which may be required to prepare and certify a full set of the Articles incorporating all the amendments including the introductory part of the Articles of Association and reference to the resolutions of the general assemblies of the Company amending the Articles and to replace any reference to the repealed commercial companies law with the provisions of the Federal Law by Decree No. (32) of 2021 concerning Commercial Companies.

Thirdly: Ordinary resolutions agenda items:

1. Consider and approve the Board of Directors' report on the
   Company's activity and its financial position for the financial year ended 31 December 2021.
2. Consider and approve the auditor's report for the financial year ended
   31 December 2021.
3. Consider and approve the Company's balance sheet and profit and loss account for the financial year ended 31 December 2021.
4. Approve the interim cash dividend of AED 1.285 billion (10.285 fils per share) for the first half of 2021 which was distributed to shareholders by virtue of a resolution of the Board of Directors adopted on 30
   September 2021.
5. Consider and approve the Board of Directors' recommendation regarding the distribution of a cash dividend amounting to AED 1.285 billion (10.285 fils per share) for the second half of 2021, to bring the total cash dividend for the year ended 31 December 2021 to
   AED 2.57 Billion (20.57 fils per share, 257.1% of the Company's share capital).
6. Absolve the members of the Board of Directors of liability for the financial year ended 31 December 2021 or dismiss them and file claim against them.
7. Absolve the auditors of liability for the financial year ended 31 December 2021 or dismiss them and file claim against them.
8. Approve the Board of Directors remuneration for the financial year ended 31 December 2021.
9. Appoint the auditors for the financial year 2022 and determine their fees.
10. Consider and approve the Board of Directors remuneration policy as published on the Company and ADX's website.

Notes:

1. At the direction of the Securities and Commodities Authority, the Company's shareholders who will attend the general assembly virtually should register their attendance electronically to be able to vote on the items of the general assembly. Registration is open from 3:00pm on Wednesday, 23 March 2022 and closes at 3:00pm on Thursday, 24 March 2022. For electronic registration, please visit the following website: www.smartagm.ae. Holders of proxies must send a copy of their proxies to the email address [e-mail] their names and mobile numbers to receive text messages for registration.
2. Any Shareholder entitled to attend the general assembly meeting may delegate any person other than a member of the Board of Directors, employees of the Company, a broker or employees of such broker under a special written proxy. In such capacity, no proxy may represent a number of shareholders who hold more than 5% of the shares in the capital of the Company. Persons of incomplete capacity or incapable shall be represented by their legal representatives (provided that the requirements set forth in items 1 and 2 of Article (40) of Chairman of Authority's Board of Directors' Decision no. (3/R.M) of 2020

concerning the Approval of Joint Stock Companies Governance Guide are taken into account). Shareholders may review the disclosure posted on the Company's page at ADX in respect of the requirements to be adopted to approve a proxy.

1. The passing of a special resolution requires the consent of Shareholders representing three quarters of the shares represented at the meeting.
2. A corporate person may delegate a representative or those in charge of its management pursuant to a resolution of its board of directors or its equivalent to represent such corporate person in the general assembly of the Company. The delegated person shall have the powers as determined in the delegating resolution.
3. Shareholders registered in the shareholders register on Wednesday, 23 March 2022 shall be entitled to vote in the general assembly meeting.
4. The meeting of the general assembly shall not be valid unless attended by Shareholders who hold or represent by proxy at least (50%) of the Company's share capital. In case quorum is not reached in the first meeting, the second meeting shall be convened on Friday 01 April 2022 at the same time and place. All duly completed proxy forms shall continue to be valid and in full force for any adjourned meeting unless revoked by the relevant Shareholder by written notice sent to the email address [e-mail] days prior to the meeting.
5. Shareholders registered in the shareholders register on Monday 04 April 2022 shall be entitled to receive the dividends if the quorum is achieved on 24 March 2022, and shareholders registered in the shareholders register on Monday 11 April 2022 shall be entitled to receive the dividends if the general assembly is held on 01 April 2022.
6. Shareholders are required to update their contact details at the Abu Dhabi Securities Exchange to ensure that dividends are delivered properly. Dividends will be distributed through the Abu Dhabi Securities Exchange.
7. The meeting will be recorded. Shareholders are entitled to discuss the items listed in the agenda and ask questions to the Company.
8. In view of the prevailing health conditions and the unavailability of halls to host many shareholders, and as the meeting room at ADNOC Business Center will only accommodate a number not exceeding 40 Shareholders, the Company's Board of Directors encourages the Shareholders to attend the meeting remotely rather than physical attendance.
9. Shareholders wishing to attend the meeting in person must present their ALHOSN Green Pass (evidencing a PCR test in the past 8 hours) and show proof of vaccination status (third (booster) dose is considered fully vaccinated and a requirement for entry). Shareholders exempted from vaccination will need to provide evidence and present their ALHOSN Green Pass status (evidencing a PCR test in the past 8 hours) before the Company is able to permit such Shareholder physical attendance at
   the meeting.
10. The Company's consolidated financial statements for the year ended 31 December 2021 and the Company's corporate governance report are available via the Company's page on the Abu Dhabi Securities Exchange and the Company's website:

(https://www.adnocdistribution.ae/en/investor-relations/investor-relations/downloads/).

13. The Shareholders can view and download the Investors Rights Guidelines on the Securities and Commodities Authority's website through the following link:

(https://www.sca.gov.ae/en/services/minority-investor-protection.aspx)

The Board of Directors

تلايكوتلا دامتعا نأشب يحيضوت حاصفإ

:يلي ام ىلإ نيمهاسملا ةداسلا تفلن نأ دون ،ةمكوحلا ليلد نم 40 مقر ةداملا نم 2 و 1 نيدنبلا تابلطتم ىلع ءانب

ةكرشلاب نيلماعلا وأ ةرادلإا سلجم ءاضعأ ريغ نم هراتخي نم هنع بيني نأ ةيمومعلا ةيعمجلا روضح قح هل نمل زوجي	.1
ليكولا قح ىلع ةحارص صني ةباتكلاب تباث صاخ ليكوت ىضتقمب اهب نيلماعلا وأ ةيلاملا قارولأا يف ةطاسو ةكرش وأ
ازئاحً - نيمهاسملا نم ددعل - ليكولا نوكي لاأ بجيو .اهتارارق ىلع تيوصتلاو ةيمومعلا ةيعمجلا تاعامتجا روضح يف
ً
.انوناق مهنع نوبئانلا اهيدقافو ةيلهلأا يصقان لثميو .ردصملا ةكرشلا لام سأر نم )5%( نم رثكأ ىلع ةفصلا هذهب
،ةيلاتلا تاهجلا دحأ ىدل/نم دمتعملا عيقوتلا وه )1( دنبلا يف اهيلإ راشملا ةلاكولا يف دراولا مهاسملا عيقوت نوكي نأ نيعتي	.2
.كلذ نم ققحتلل ةمزلالا تاءارجلإا ذاختا ةكرشلا ىلعو
. لدعلا بتاكلا	)أ(
.ةلودلاب ةيداصتقا ةرئاد وأ ةراجت ةفرغ	)ب(
.امهنم يأ ىدل باسح لكوملل نوكي نأ ةطيرش ةلودلاب ةصخرم ةكرش وأ كنب	)ج(
.قيثوتلا لامعأب مايقلل اهل صخرم ىرخأ ةهج يأ	)د(
يذلا ةطاسولا ةكرش نع لثممب ةصاخلا لصاوتلا ماقرأو مساو مهاسملاب لصاوتلا ماقرأ ليكوتلا جذومن نمضتي نأ نيعتي	.3

دودحلل اًقفو ليكوتلا رادصإ لكوملل نوكي ثيح يداشرتسا جذومن وه ضيوفتلا / ليكوتلا / جذومنلا اذه نإ .ليكوتلا دمتعا عيقوتلا وه ةلاكولا يف دراولا مهاسملا عيقوت نوكي نأب مازتللاا ةرورض عم هعيمج كلذو ،ةبسانم اهاري يتلا تايحلاصلاو :ينورتكللاا ديربلا ربع لصاوتلا ىجري تاحاضيلإا وأ تامولعملا نم ديزملل .هلاعأ ةروكذملا تاهجلا دحأ ىدل/نم دمتعملا [e-mail]

Clarifying disclosure regarding the approval of agencies

According to Clauses 1 & 2 of Article 40 of the Corporate Governance Manual, we would like to inform the shareholders with the following:

1. Each shareholder who has the right to attend the general assembly may delegate someone from other than the Board members or the staff of the company, or securities brokerage company, or its employees, to attend on his behalf as per a written delegation stating expressly that the agent has the right to attend the general assembly and vote on its decision. A delegated person for a number of shareholders shall not have more than (5%) of the Company issued capital after gaining that delegation. Persons lacking legal capacity and are incompetent must be represented by their legal representatives.
2. The shareholder signature on the power of attorney referred in clause No. (1) shall be the signature approved by any of the following entities:
3. 1. Notary Public.
   2. Commercial chamber of economic department in the state.
   3. Bank or company licensed in the state, provided that the agent shall have account with any of them.
   4. Any other entity licensed to perform attestation works.
4. The Proxy form shall include the name & contact number(s) of the shareholder and the brokerage firm who approved the proxy. This form / power of attorney / delegation / Proxy is a guiding form whereby the client has the power to issue the Proxy in accordance with the limits and powers he deems appropriate, all of this is with the obligation that the signature of the shareholder mentioned in the proxy be the signature approved by / with one of the above-mentioned authorities. For further inquiries or clarification please email us [e-mail].

Proposed Amendments to the

Articles of Association of Abu Dhabi

National Oil Company for

Distribution PJSC

1)"ةكرشلا"( ع.م.ش عيزوتلل ةينطولا يبظوبأ لورتب ةكرشل يساسلأا ماظنلا ىلع ةحرتقملا تلايدعتلاب لودج

Proposed Amendments to the Articles of Association of Abu Dhabi National Oil Company for Distribution PJSC

('the Company')1

Article	After Amendment	Before Amendment	لــيدعتلا دــعب	لــيدعتلا لــبق	مــقر
					ةداــملا
(68)	from Articles 149 and 209	from Articles 149 and	داوملا ماكحا نم ةانثتسم ةكرشلا	149 داوملا ماكحا نم ةانثتسم ةكرشلا	ةداملا
Article	The Company is exempt	The Company is exempt
	of the Law	207 of the Law.	.نوناقلا نم 209 و 149	ن	)68(
		. وناقلا نم 207و

اننإف ،هيلعو ،2021 ةنسل )32( مقر ديدجلا ةيراجتلا تاكرشلا نوناق بجومب هءاغلإ مت يذلاو هتلايدعتو 2015 ةنسل )2( مقر ةيراجتلا تاكرشلا نوناق نم داوم ماقرلأ ةراشإ عضاوملا نم ديدعلا يف ةكرشلل يساسلأا ماظنلا نمضتي 1

.2021 ةنسل )32( مقر ةيراجتلا تاكرشلا نوناق عم ىشامتيل يساسلأا ماظنلا ىلع ةمزلالا تلايدعتلا ءارجإب مهلوخي ةكرشلا ةرادإ سلجم حلاصل ةيمومعلا ةيعمجلا نم ضيوفت ذخأ حرتقن

The Articles of Association included in many instances references to specific articles of the Commercial Companies Law No. (2) of 2015 and its amendments, which has been replaced by the Commercial Companies Law No. (32) of 2021. We suggest to procure a delegation from the General Assembly to the Board of Directors to authorize them to effect the necessary amendments on the Articles of Association to become in line with the Commercial Companies Law No. (32) of 2021.

1