Petro Welt Technologies : Resolution proposals SB and MB

English translation of original German version for convenience only

Petro Welt Technologies AG

FN 69011 m

Resolutions proposed by the Management Board and the

Supervisory Board

for the 16th Annual General Meeting on 28 June 2021

Ad agenda item 1:

Presentation of the approved annual financial statements including the management report and presentation of the consolidated annual financial statements including the consolidated management report, the corporate governance report and the report of the Supervisory Board, in each case in relation to the fiscal year ended 31 December 2020.

To this agenda item no resolution of the shareholders is required.

Ad agenda item 2:

Resolution on the discharge of the members of the Management Board in relation to the fiscal year ended 31 December 2020.

The Management Board and the Supervisory Board propose to the shareholders to grant discharge to Messrs. Yury Semenov and Valeriy Inyushin as members of the Management Board for the business year 2020.

Ad agenda item 3:

Resolution on the discharge of the members of the Supervisory Board in relation to the fiscal year ended 31 December 2020.

The Management Board and the Supervisory Board propose to the shareholders to grant discharge to Messrs. Maurice Dijols, Remi Paul and Ralf Wojtek as members of the Supervisory Board for the business year 2020.

Ad agenda item 4:

Resolution on the remuneration of the members of the Supervisory Board in relation to the business year ended 31 December 2020.

The Management Board and the Supervisory Board propose to the shareholders to grant to Messrs. Maurice Dijols, Remi Paul and Ralf Wojtek as members of the Supervisory Board a remuneration for the business year 2020 in the aggregate amount of EUR 120,000. The allocation of this amount to the individual members of the Supervisory Board shall be as follows:

• for the chairman of the Supervisory Board, Mr. Maurice Dijols, an amount of EUR 35,000;

• for the vice-chairman of the Supervisory Board, Mr. Remi Paul, an amount of EUR 50,000; and
• for the member of the Supervisory Board, Mr. Ralf Wojtek, an amount of EUR 35,000.

Ad agenda item 5:

Election of the auditor of the annual financial statements and of the consolidated annual financial statements in relation to the fiscal year ending on 31 December 2021.

The Supervisory Board proposes to the shareholders to elect Mazars Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, as auditor for the stand-alone and consolidated financial statements regarding the business year 2021.

Ad agenda item 6:

Resolution on the remuneration report

The Management Board and the Supervisory Board of a listed company must prepare a clear and comprehensible remuneration report for the remuneration of the members of the Management Board and the Supervisory Board in accordance with section 78c in connection with section 98a of the Austrian Stock Corporation Act (SCA).

The remuneration report for the business year 2020 must be submitted to the Annual General Meeting for approval. The vote has a recommendatory nature. The resolution cannot be appealed (section 78d para. 1 of the SCA).

The Management Board and the Supervisory Board of Petro Welt Technologies AG approved the remuneration report that was prepared in accordance with section 78c in connection with section 98a of the SCA and made a proposal to resolve on the remuneration report in accordance with section 108 para 1 of the SCA.

The remuneration report will be made available on the Company's website (www.pewete.com) as of 7 June 2021 at the latest.

The Management Board and the Supervisory Board propose to adopt the remuneration report for the business year 2020 as made available on the Company's website.

Vienna, June 2021

The Management Board and the Supervisory Board

M.12979914.1