Jugopetrol Podgorica : Extending the Agenda of the EGM 2022

JUGOPETROL AD

BOARD OF DIRECTORS

No. 73463

Podgorica, 7th October 2022

Pursuant to Article 139 paragraph 2 of the Law on Companies ("Official Gazette of Montenegro", No. 65/2020 and 146/2021) and Article 27 of the Articles of Association of JUGOPETROL AD, the Board of Directors, at its meeting held on 7th October 2022 passed the following

RESOLUTION

ON AMENDMENTS TO THE AGENDA

OF THE EXTRAORDINARY GENERAL MEETING OF JUGOPETROL AD

Article 1

The Agenda for the Extraordinary General Meeting of Jugopetrol AD scheduled for 18 October 2022 by the Board of Directors Resolution on Convening the Extraordinary General Meeting of Jugopetrol AD (No. 65189, dated 8 September 2022) shall be amended by adding an additional item therein to read as follows:

"4. Passing Resolution on Amendments to the Articles of Association."

Article 2

The Secretary of the Company shall communicate the notice on the amendments to the Agenda of Extraordinary General Meeting in line with this Resolution and the Law on Companies.

Rationale

The Board of Directors decided to amend the Agenda with the item "Passing Resolution on Amendments to the Articles of Association" in order to extend the list of other business activities registered the Articles of Association. Namely, the extension of the business activities will increase the offer of products/services within the petrol stations network and thereby the Company will meet potential customer needs and will not have administrative barriers in the future when opportunity for additional product/service occurs.

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President of the Board of Directors Panagiotis Loukas