Awilco LNG

AGM Information • Jun 1, 2021

MINUTES FROM THE ANNUAL GENERAL MEETING IN AWILCO LNG ASA* (org. no. 996 564 894)

In accordance with temporary act dated 26 May 2020 no. 54 relating to exemption from requirement for physical meetings etc in company laws in order to remedy the consequences of the outbreak of Covid-19 the Annual General Meeting of Awilco LNG ASA took place on June 1, 2021 at 1:00 PM CET as a phone conference.

The following business was considered:

1. Opening of the General Meeting by the Chairman of the Board, including registration of the shares in attendance

The Chairman of the Board, Synne Syrrist, opened the meeting and registered the shareholders in attendance and proxies.

The Company's share capital is at present NOK 13 254 861.10 divided into 132 548 611 shares, each with a nominal value of NOK 0.10 and each representing one vote at the Company's General Meeting.

A total of 77 765 393 of the Company's shares were represented at the General Meeting, of which 627 921 were represented by proxy and 26 023 393 by advance voting. The 77 765 393 shares represent 58.7 % of the total number of shares of the Company. A list of the shareholders in attendance and proxies, and number of shares they represent, is attached.

The Company's auditor EY, represented by Johan Lid Nordby, was also present.

1. Election of the Chairman of the meeting, and of at least one person to countersign the minutes of the meeting together with the Chairman of the meeting

The General Meeting made the following unanimous decision:

"Synne Syrrist is elected to chair the meeting. Jens-Julius Nygaard is elected to countersign the minutes."

1. Approval of the notice of the Annual General Meeting and the agenda

The General Meeting made the following unanimous decision:

"The notice and agenda are approved."

1. Approval of the financial statements and the report from the Board of Directors for the financial year 2020, including the declaration of a dividend, if applicable

The financial statements and the report from the Board of Directors for the financial year 2020 were presented, together with the auditor's report.

The General Meeting made the following unanimous decision:

"The financial statements and the report from the Board of Directors for the financial year 2020 are approved. No dividend is declared for the financial year 2020."

5. The Board of Directors' report on corporate governance

The General meeting considered the report on corporate governance prepared in accordance with Section 3-3b of the Norwegian Accounting Act. No remarks to the report were made by the General Meeting.

6. The Board of Directors' guidelines regarding remuneration to leading persons

The Board of Directors' guidelines regarding remuneration to leading persons was considered by the General Meeting.

In accordance with the Board of Directors' proposal, the General Meeting resolved as follows:

«The General Meeting approve the guidelines remuneration to leading persons. »

7. Approval of remuneration to the Directors and the members of the Nomination Committee

The Nomination Committee's proposal was presented.

The General Meeting made the following unanimous decision:

"The proposal by the Nomination Committee is approved. The following fees shall be paid to the Chairman of the Board, Directors, and members of Board committees and members of the Nomination Committee for the period 1 June 2021 until 1 June 2022:

The Chairman of the Board:	NOK 350,000-
Directors:	NOK 200,000-
Members of Board committees:	NOK 50,000-
Chairman of the Nomination Committee:	NOK 30,000-
Member of the Nomination Committee:	NOK 25,000-

Directors' fees are to be paid quarterly in advance."

8. Approval of auditor's fees

Synne Syrrist informed that the auditors' fee to EY for 2020 was NOK 408,000- excl. VAT for statutory audit of Awilco LNG ASA.

The General Meeting made the following unanimous decision:

"The auditor's fee of NOK 408,000. - for statutory audit in 2020 is approved."

9. Election of members of the Nomination Committee

The Nomination Committee's proposal was presented.

The General Meeting made the following decision:

«The proposal by the Nomination Committee is approved. The following are elected as members of the Nomination Committee of Awilco LNG ASA: Henrik A. Christensen (reelected) and Eric Jacobs (elected). Eric Jacobs is elected as Chairman of the Nomination Committee. »

10. Election of Board of Directors

The Nomination Committee's proposal was presented.

The General Meeting made the following decision:

«The proposal by the Nomination Committee is approved. Steve Christy was elected as a new Director of the Board and Synne Syrrist (Chairman), Jens-Julius R. Nygaard, Jon-Aksel Torgersen and Annette Malm Justad are re-elected as Directors of Awilco LNG ASA. All Directors are elected for a period of two years. ».

There were no further items on the agenda and the meeting was adjourned.

Oslo, June 1, 2021

Synne Syrrist Jens-Julius Nygaard