Oil Terminal S A : OGSM resolutions 27.04.2022

No. 150/27.04.2022

To:

BUCHAREST STOCK EXCHANGE

Fax: [phone]

FINANCIAL SURVEY AUTHORITY

Fax: [phone]

CURRENT REPORT

according to FSA Regulation no. 5/2018

Report day: 27.04.2022

OIL TERMINAL S.A.Constanta

Headquarter: no.2 Caraiman str., Constanta Phone no.: 0241/702600, fax: [phone]

Registration number at Trade Register Office: J13/512/1991 Unique register number: 2410163

Important event to be reported: Decisions of the company's Shareholders Ordinary General Assembly adopted within the meeting of 27.04.2022

OIL TERMINAL SA' Shareholders Ordinary General Assembly took place on 27.04.2022, 11:00 h, at first convocation, at company's headquarters in no. 2 Caraiman street.

The decisions of the Shareholders Ordinary General Assembly of 27.04.2022 have the following content:

DECISION no. 8 of 27.04.2022

Shareholders Ordinary General Assembly of OIL TERMINAL S.A.

Having in view the provisions of Law no. 31/1990 republished, with further alterations and additions, those of Law no. 24/2017 regarding financial instruments issuers and market operations, FSA Regulation no. 5/2018 regarding financial instruments issuers and market operations, company' Constitutive Act and Shareholders General Ordinary Assembly' meeting' Report of 27.04.2022 the followings were adopted:

Decision:

Art. 1 By 100 % of the present/ represented shareholders' voting rights, it is taken note of the information on the half-yearly report regarding management activity for the second semester of 2021, according to art. 55, paragraph (1) of GEO 109/2011.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 2 By 100 % of the present/ represented shareholders' voting rights, it is taken note of the information on the Annual Report of the Nomination and Remuneration Committee regarding the remunerations and other advantages granted to non-executive managers and mandate directors related to the 2021 financial year according to art. 55 paragraph (2) of GEO 109/2011.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 3 By 100 % of the present/ represented shareholders' voting rights, the empowerment of the meeting' Chairman to sign the assembly' decisions is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 4 By 100% of the present/ represented shareholders' voting rights, the empowerment of the company' general director to sign the necessary documents regarding the registration of shareholders general assembly' decisions in Trade Register Office of Constanta Court and to conduct the formalities regarding publishing these decisions is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Chairman of OIL TERMINAL S.A.'

Shareholders General Ordinary Assembly of 27.04.2022

Viorel- Sorin CIUTUREANU ________________________________________________________________________

DECISION no. 9 of 27.04.2022

Shareholders Ordinary General Assembly of OIL TERMINAL S.A.

Having in view the provisions of Law no. 31/1990 republished, with further alterations and additions, those of Law no. 24/2017 regarding financial instruments issuers and market operations, FSA Regulation no. 5/2018 regarding financial instruments issuers and market operations, company' Constitutive Act and Shareholders General Ordinary Assembly' meeting' Report of 27.04.2022 the followings were adopted:

Decision:

Art. 1 By 98,5760 % of the present/ represented shareholders' voting rights, the financial statements for 2021, issued according to the International Financial Reporting Standards (IFRS), which include: statement of financial position, statement of overall result, statement of change in equity, statement of cash flows, notes to the financial statements, based on the Report of the Board of Directors and on the Report of the independent financial auditor are approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  350.620.158 votes "for", representing 98,5760 % of the votes cast total;

•  5.062.170 votes "against", representing 1,4232 % of the votes cast total;

•  2.811 votes "unexpressed", representing 0,0008 % of the votes cast total;

A number of 0 votes was annulled.

Art. 2 By 98,5760 % of the present/ represented shareholders' voting rights, the distribution of the net profit related to 2021' financial year in the amount of 6,222,314 lei is approved, as follows:

•	Legal reserve:	414,239 lei
•	Other reserves representing fiscal facilities provided by law:	1,111,902 lei
•	Employees' participation in profit:	469,618 lei
•	90% shareholders dividends:	4,226,555 lei
•	Own financing source:	0 lei

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  350.620.158 votes "for", representing 98,5760 % of the votes cast total;

•  5.064.981 votes "against", representing 1,4240 % of the votes cast total;

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 3 By 98,5760 % of the present/ represented shareholders' voting rights, establishing the value of the gross dividend proposed to be granted to shareholders in the amount of 0.00725676 lei/share is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  350.620.158 votes "for", representing 98,5760 % of the votes cast total;

•  5.064.981 votes "against", representing 1,4240 % of the votes cast total;

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 4 By 100 % of the present/ represented shareholders' voting rights, establishing the date of 07.06.2022 as the date of dividends payment to shareholders is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

Art. 5 By 100% of the present/ represented shareholders' voting rights, the entrustment of the Board of Directors to appoint the paying agent according to the regulatory framework applicable for dividends payment is approved. Dividends payment shall be made in lei, only to the shareholders registered in the Register of Shareholders (kept by "Depozitarul Central" SA) on the registration date established by Shareholders General Assembly, and the method of dividends payment shall be notified to shareholders before the date of starting the payment.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 6 By 98,5768 % of the present/ represented shareholders' voting rights, the annual financial report of the 2021' financial year, issued according to Law no. 24/2017 and FSA Regulation 5/2018, including its single electronic reporting format ( Extendable Hypertext Markup Language - XHTML) provided in art. 1 of the Delegated Regulation (EU) 2018/815 of 17 December 2018 to supplement Directive 2004/109/CE of the European Parliament and Council is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  350.622.969 votes "for", representing 98,5768 % of the votes cast total;

•  5.062.170 votes "against", representing 1,4232 % of the votes cast total;

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 7 By 100 % of the present/ represented shareholders' voting rights, managers discharge for the activity carried out in the financial year of 2021 is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 8 By 100 % of the present/ represented shareholders' voting rights, the empowerment of the meeting' Chairman to sign the assembly' decisions is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Art. 9 By 100% of the present/ represented shareholders' voting rights, the empowerment of the company' general director to sign the necessary documents regarding the registrationof shareholders general assembly' decisions in Trade Register Office of Constanta Court and to conduct the formalities regarding publishing these decisions is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.685.139 votes "for", representing 100 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed"

A number of 0 votes was annulled.

Chairman of OIL TERMINAL S.A.'

Shareholders General Ordinary Assembly of 27.04.2022

Viorel- Sorin CIUTUREANU ________________________________________________________________________

DECISION no. 10 of 27.04.2022

Shareholders Ordinary General Assembly of OIL TERMINAL S.A.

Having in view the provisions of Law no. 31/1990 republished, with further alterations and additions, those of Law no. 24/2017 regarding financial instruments issuers and market operations, FSA Regulation no. 5/2018 regarding financial instruments issuers and market operations, company' Constitutive Act and Shareholders General Ordinary Assembly' meeting' Report of 27.04.2022 the followings were adopted:

Decision:

Art. 1 As a result of the annual evaluation of managersț activity, according to the provisions of GEO 109/2011, art. 30, para. (7), by 99,9992 % of the present/ represented shareholders' voting rights, maintaining the amount of their variable component as approved by OGSM Decision no. 32/10.12.2018 and maintained by OGSM Decisions no. 14/05.08.2019, OGSM Decision no. 9/23.04.2020 and OGSM Decision no. 3/26.04.2021, namely 12 monthly gross fixed indemnities, is approved.

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.682.328 votes "for", representing 99,9992 % of the votes cast total;

•  0 votes "against",

•  0 votes "unexpressed", representing 0,0008 % of the votes cast total;

A number of 0 votes was annulled.

Art. 2 By way of excepion from art. 1, by 99,9992 % of the present/ represented shareholders' voting rights, it is approve to grant the variable component to Mr. Radu Cristian POP for 2021, proportionate to his mandate months (7 months).

With a turnout of 355.685.139 votes, representing 61,07 % of the voting rights total, the votes cast were recorded as follows:

•  355.682.328 votes "for", representing 99,9992 % of the votes cast total;

•  0 votes "against",

•  2.811 votes "unexpressed", representing 0,0008 % of the votes cast total;