Frontier Development PLC

Proxy Solicitation & Information Statement • Nov 21, 2018

TO:	Link Asset Services
	34 Beckenham Road
	Beckenham
	Kent BR3 4TU
	United Kingdom
RE:	AFI DEVELOPMENT PLC
	Annual General Meeting to be held on 20st December, 2018.
FROM:	__ ____
	Name / Company Name
	VOTING SHARES NUMBER: _______ (B ordinary shares)
	SIGNATURE: ___________
	Authorised Signatory Name, Signature
	CONTACT INFO ___, __, _____
	Telephone / Fax Number / E-mail Address
	DATE: ______

AFI Development PLC Annual General Meeting 20 December, 2018

The above-noted holder of ordinary B Shares of AFI Development PLC (the "Company") hereby appoint the Fuamari Secretarial Limited as my/our proxy to vote on my/our behalf on the above noted number of shares at the Annual General Meeting of the Company to be held at 3 p.m. EEST on 20 December 2018 and at any adjournment thereof. I have indicated with a 'X' how I/we wish my/our votes to be cast on the following resolutions:

THE COMPLETED FORM MUST BE RECEIVED BY LINK ASSET SERVICES NO LATER THAN 12 noon (UK time) ON 18 DECEMBER 2018 TO BE VALID

ANNUAL GENERAL MEETING OF AFI DEVELOPMENT PLC

Annual General Meeting Resolutions

Ordinary shares B Class
Agenda Item 1:
Adopting the Consolidated Financial Statements of the Company for the year ending 31 December 2017 together with the reports of the Directors and auditors thereon.
	□ FOR	□ AGAINST	□ ABSTAIN
Agenda Item 2:
Re-electing Mr. David Tahan as a a Non-Executive Independent Director and Chairman.
	□ FOR	□ AGAINST	□ ABSTAIN
Agenda Item 3:
Re-electing Mr. Panayiotis Demetriou as a Non-Executive Independent Director.
	□ FOR	□ AGAINST	□ ABSTAIN
Agenda Item 4:
Re-electing Mr. Avraham Noach Novogrocki as a Non-Executive Independent Director.
	□ FOR	□ AGAINST	□ ABSTAIN
Agenda Item 5:
Re-appointing chartered accountants Messrs. KPMG Limited (Cyprus) as the Company auditors and authorising the Directors to agree on their remuneration.
	□ FOR	□ AGAINST	□ ABSTAIN

Agenda Item 6:

Approval of the Directors to be generally and unconditionally authorised, in accordance with Articles 10-12 and the terms of any resolution creating new shares, to exercise any power of the Company to allot and grant options or rights to subscribe for or to convert securities into shares of the Company, pursuant to an employee share scheme, up to a maximum nominal amount of USD 104,769.41; such authority to expire on the earlier of the conclusion of the Company's next annual general meeting and 30 December 2019 but, in each case, so that the Company may make offers and enter into agreements during the relevant period which would, or might, require shares to be allotted or rights to subscribe for or convert securities into shares to be granted after the authority ends and the Directors may allot shares or grant rights to subscribe for or convert securities into share under any such offer or agreement as if the authority had not ended.

□ FOR □ AGAINST □ ABSTAIN

End of resolutions.