JUGOPETROL AD

BOARD OF DIRECTORS

Ref. No. 32233

Podgorica, 24 April 2024

Pursuant to Article 161 paragraph 1 item 8 in relation to item 11 of the Companies Law ("Official Gazette of Montenegro" No. 65/20, 146/21, and 4/24) and Article 41 paragraph 2 item 1 of the Articles of Association of JUGOPETROL AD, the Board of Directors on 24 April 2024 passed

PROPOSAL RESOLUTION

on the Amount of Remuneration

to the Members of the Board of Directors of Jugopetrol AD

  1. The monthly remuneration to the members of the Board of Directors of Jugopetrol AD is determined in the amount of gross 1,034.00 EUR (one thousand thirty four euros).
  2. This Resolution comes into force on the day it is adopted by the General Meeting and shall be valid until the next annual meeting.

___________________

Panagiotis Loukas

President of the Board of Directors

Rationale

Article 133, paragraph 1, item 6 of the Companies Law stipulates that the General Meeting decides on the amount of remuneration to the members of the Board of Directors at each annual meeting. The remuneration amount for members of the Board of Directors is determined as per the Remuneration Policy for Members of Managing Bodies of JUGOPETROL AD.

Accordingly, it is proposed as stated in the enacting terms hereof.

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Jugopetrol AD published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 07:06:09 UTC.