Koncar Elektroindustrija d d : 20.4.2023. Supervisory Board session of KONČAR – Electrical industry Inc.

KONČAR - Elektroindustrija d.d.

Fallerovo šetalište 22, 10000 Zagreb

Vrijednosnica : KOEI-R-A

ISIN: HRKOEIRA0009

LEI: 74780000H0SHMRAW0I15

Matična država članica: Hrvatska

Segment uređenog tržišta: Službeno tržište Zagrebačke burze

Zagreb, 20 April 2023

Subject: Supervisory Board session of Končar Electrical industry Inc.

Notice

Pursuant to Article 133 of the Rules of the Zagreb Stock Exchange, we hereby announce that the Supervisory Board session of KONČAR Electrical Industry Inc. was held on 20 April 2023.

At the session, the Supervisory Board and the Management Board of KONČAR - Electrical Industry Inc. adopted and approved 2022 Audited Annual Financial Statements of KONČAR - Electrical Industry Inc. and Consolidated Annual Financial Statements of Končar Group including opinions of independent auditors.

The Supervisory Board adopted 2022 Management Board Report for KONČAR - Electrical Industry Inc. and for KONČAR Group.

Annual Financial Statements were audited by independent auditor KPMG d.o.o. Zagreb, which stated that financial statements give a true and fair view of the Company's and the Group's financial position as at 31 December 2022 in all materially significant aspects, as well as business operation results, and Company cash flows for the year of 2022 in accordance with IFRS-EU.

The General Assembly will convene on 13 June 2023 at 12:00 AM. The Management Board and the Supervisory Board proposed the distribution of dividend in the amount of EUR 2,00 per share.

Proposal of the Decision on the profit allocation Inc. for the year 2022 were adopted, which are enclosed to this notice.

Pursuant to the provisions of Articles 220 and 300 d of the Companies Act, KONČAR - Electrical Industry Inc. hereby notifies that at the 32nd Supervisory Board session held on 20 April 2023, the Management Board and the Supervisory Board adopted the following

R E S O L U T I O N

On the consideration of the Consolidated Annual Financial Statements for 2022

The Supervisory Board and the Management Board of KONČAR - Electrical Industry Inc. have jointly considered the Consolidated Annual Financial Statements including:

• Statement of Financial Position (balance sheet) with the balance of assets, i.e., equity and liabilities in the amount of HRK 6,038,135 thousand
• Income Statement with the realized profit (loss) after taxes in the amount of HRK 370,155 thousand
• Statement of Other Comprehensive Income
• Statement of Cash Flows
• Statement of Changes in Equity
• Notes to Financial Statements

President of the Supervisory Board	President of the Management Board
Joško Miliša	Gordan Kolak

Member of the Management Board

Josip Lasić

Zagreb, 20 April 2023

Pursuant to the provisions of Articles 220 and 300 d of the Companies Act, KONČAR - Electrical Industry Inc. hereby notifies that at the 32nd Supervisory Board session held on 20 April 2023, the Management Board and the Supervisory Board adopted the following

R E S O L U T I O N

On the consideration of the Consolidated Annual Financial Statements of KONČAR -

Electrical Industry Inc. for 2022

The Supervisory Board and the Management Board of KONČAR - Electrical Industry Inc. have jointly considered the Consolidated Annual Financial Statements including:

• Statement of Financial Position (balance sheet) with the balance of assets, i.e., equity and liabilities in the amount of HRK 1,784,538 thousand
• Income Statement with the realized profit (loss) after taxes in the amount of HRK 113,036 thousand
• Statement of Other Comprehensive Income
• Statement of Cash Flows
• Statement of Changes in Equity
• Notes to Financial Statements

President of the Supervisory Board	President of the Management Board
Joško Miliša	Gordan Kolak
	Member of the Management Board
	Josip Lasić

Zagreb, 20 April 2023

Pursuant to the provisions of Article 220 of the Companies Act and Article 11 of the Articles of Association of KONČAR - Electrical Industry Inc., at the 32nd Supervisory Board session held on 20 April 2023, the Management Board and the Supervisory Board adopted the following:

Proposal of the Resolution

on the distribution of the profit of KONČAR - Electrical Industry Inc.

Net profit of KONČAR - Electrical Industry Inc. realized in the course of the 2022 business year amounts to HRK 113,035,648.12, or EUR 15,002,408.67. The realized net profit of the Company for the 2022 business year shall be distributed as follows:

I

- EUR 750,120.43 (HRK 5,651,782.38) to be allocated to legal reserves (5%)

II

• It proposed to the General Assembly of KONČAR - Electrical Industry Inc. to distribute dividend to the holders of ordinary shares identified by the symbol KOEI-R-A in the gross amount of EUR 2.00 (HRK 15.07) per share. The dividend distribution for the total number of shares, reduced by the treasury shares, amounts to EUR 5,092,280.00 (HRK 38,367,783.66).

III

- EUR 9,160,008.24 (HRK 69,008,082.08) to be allocated to retained earnings.

President of the Supervisory Board	President of the Management Board
Joško Miliša	Gordan Kolak
	Member of the Management Board
	Josip Lasić
Zagreb, 20 April 2023