United Basalt Products : Notice of shareholder meeting

NOTICE OF ANNUAL MEETING TO SHAREHOLDERS

Notice is hereby given that the Annual Meeting of Shareholders of The United Basalt Products Limited (the "Company") will be the following businesses in the manner required for the passing of Ordinary Resolutions:

1. To consider the Annual Report 2023 of the Company.
2. To receive the report of Messrs. Deloitte Mauritius, the Auditors of the Company, for the year ended June 30, 2023.
3. To consider and adopt the Company's and the Group's Audited Financial Statements for the year ended June 30, 2023.

Act 2001.

5. To elect as Director of the Company, Mrs Aruna L.V. Radhakeesoon, appointed by the Board of Directors in accordance with Clause

6-13

1. 1. Mr Jean-Claude Béga
   2. Mr Jan Boullé
   3. Mr Stéphane Brossard
   4. Mr Stéphane Lagesse
   5. Mrs Christine Marot
   6. Mr Christophe Quevauvilliers
   7. Mrs Kalindee Ramdhonee
   8. Mr Stéphane Ulcoq
2. To fix the remuneration of the Non-Executive Directors of the Company for the year ending June 30, 2024 and to ratify the fees paid to the Non-Executive Directors for the year ended June 30, 2023.
3. To take note of the re-appointment of Messrs. Deloitte Mauritius as Auditors of the Company for the year ending June 30, 2024, in accordance with Section 200 of the Companies Act 2001, and to authorise the Board of Directors to fix their remuneration.

By order of the Board

CHRISTOPHE QUEVAUVILLIERS

Company Secretary

November 24, 2023

Notes:

1. A shareholder of the Company entitled to attend and vote at this meeting may appoint a proxy of his/her own choice to attend and vote on his/her behalf. A proxy need not be a member of the Company.

2.

Quatre Bornes, not less than twenty-four (24) hours before the time fixed for the holding of the meeting or else the instrument of proxy shall not be treated as valid.

3.

1. For the purpose of this Annual Meeting, the Directors have resolved, in compliance with Section 120(3) of the Companies Act 2001, that the shareholders who are entitled to receive notice of the meeting and attend such meeting shall be those shareholders whose names are registered in the share register of the Company as at November 16, 2023.
2. The minutes of proceedings of the preceding Annual Meeting held on December 14, 2022 are available for consultation by the