Santierul Naval Orsova S.A.

AGM Information • Apr 2, 2020

ŞANTIERUL NAVAL ORŞOVA S.A. Nr. RC J25/150/1991 CIF: RO 1614734 Capital social: - subscris 28.557.297,5 lei - varsat 28.557.297,5 lei Str. Tufări, nr. 4, Orşova, 225200, Mehedinţi Tel.: 0252/362.399; 0252/361.885; Fax: 0252/360.648 E-mail: mircea.sperdea@snorsova.ro; marketing@snorsova.ro Codul LEI (Legal Entity Identifier): 254900UXAJ8TPIKLXG79 Cod IBAN: RO96RNCB0181022634120001- B.C.R. Orşova Cod IBAN: RO59BRDE260SV03176142600- B.R.D. Orşova

TO :

THE STOCK EXCHANGE BUCHAREST – Department of Operations Issuers of Regulated Markets FINANCIAL MONITORING AUTHORITY – Department of Financial Instruments and Investments

____________________________________________________________________________________

CURRENT REPORT

ACCORDING TO THE LAW NO. 24/2017 AND TO THE ASF REGULATION NO. 5/2018 Concerning the issuers of financial instruments and market operations

Report date: 02.04.2020

- Name of the trading company: ŞANTIERUL NAVAL ORŞOVA S.A.;

- Registered office: 4, TUFĂRI Street, ORŞOVA, MEHEDINŢI County;

- Telephone/fax:0252/362399 0252/360648;

- Single registration code issued by the Trade Register: RO 1614734;

- Registered number with the Trade Register's Office: J25/150/03.04.1991;

- Code Lei: 254900UXAJ8TPIKLXG79

- Subscribed and paid in share capital: 28,557,297.5 Lei

- Number of shares: 11.422.919 common shares, of 2,5 lei each;

- Regulated market where the issued securities are traded: Bucharest Stock Exchange-category Standard (symbol: SNO)

IMPORTANT EVENT TO REPORT: INFORMATION CONCERNING THE WAY OF OPERATIONS FOR THE ORDINARY GENERAL MEETING OF THE SHAREHOLDERS FROM 10/11 APRIL 2020

ȘANTIERUL NAVAL ORȘOVA S.A. informs the shareholders and all those interested in the fact that, in the context of the State of Emergency decreed on the Romanian territory for the prevention / limitation of the spread of COVID-19 and of the restrictions imposed by the competent authorities of the state for managing the situation generated by COVID-19, in accordance with the provisions from the Military Ordinance no.2/21.03.2020, Military Ordinance no.3/24.03.2020 as well as other provisions of the state authorities imposed during this period, the Ordinary General Meeting of Shareholders scheduled for April 10/11, 2020, 10⁰⁰ hours will be held accordingly, in compliance with these provisions.

We request all shareholders who wish to attend the Ordinary General Meeting of Shareholders to exercise their right to vote on the items on the agenda by using the vote by correspondence.

The materials related to the meeting, the draft resolutions, the voting forms by correspondence, the AGOA convener, were and are available on the company's website.

Under the sanction of the loss of the right to vote, the ballot papers by correspondence, completed and signed by the shareholders, together with all the accompanying documents, will be sent until 08.04.2020 at 13⁰⁰ hours, according to the instructions from the convener.

Eng. Mircea Ion Sperdea