Columbus Energy S.A.

AGM Information • Nov 21, 2023

41 rue du Puits Roman, L-8070 Bertrange R.C.S. Luxembourg B 154.144 capital social: USD 450,111.20 (the "Company")

CONVENING NOTICE TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF COAL ENERGY S.A.

Luxembourg, 21st November 2023

Dear Shareholders,

Due to the exceptional political and military circumstances in Eastern Ukraine (location of Company's assets) the Company was unable to pursue the annual audit procedure for FY2022. The Company has nevertheless been able to prepare and release unaudited consolidated financial statements for the mentioned financial year.

Despite the exceptional circumstances, the Company makes every effort to comply with its legal obligations, and to respect the rights of its shareholders. The board of directors has therefore decided to convene the annual general meeting of the Company on the date 21st December 2023. The annual general meeting will be held even though no audited financial report has been prepared. The annual accounts of the company submitted to the shareholders for the annual general meeting have been prepared by the Company on the basis of information currently available to the Company, but without independent review of an independent auditor. By consequence it cannot be excluded that, when the audited financial report will be available, such audit report would conclude that the unaudited financial statements do not fully give a true and fair image of the current financial position of the Company. In such scenario, the board of directors of the Company may consider convening a general meeting to resolve on updated annual financial statements.

* * *

The board of directors of Coal Energy S.A. (the "Company") convenes the shareholders of the Company to the annual general meeting of shareholders of the Company (the "AGM") to be held on 21 December 2023 at 11:00 a.m. (Central European Time) at the offices of the Company, 41 rue du Puits Roman, L-8070 Bertrange with the following agenda:

1) Approval of the unaudited stand-alone financial statements as of 30 June 2022 and of the management report for the period covered by these financial statements

The board of directors proposes that the meeting approves the unaudited stand-alone financial statements as of 30 June 2022 and the management report for the period covered by these financial statements.

2) Allocation of the net result of Coal Energy S.A. from the financial year ended on 30 June 2022

The board of directors proposes that the meeting acknowledges loss for the financial year ended on 30 June 2022 amounting to 309 452,46 United States Dollars, and approves to carry forward this net loss.

3) Approval of the unaudited consolidated financial statements as of 30 June 2022 and of the management report for the relevant period covered by these financial statements.

The board of directors proposes that the meeting approves the unaudited consolidated financial statements and the management report for the period covered by these financial statements.

4) Resolution on the continuation of the Company

The board of directors proposes that, in accordance with article 100 of the Luxembourg law dated 10 August 1915 on commercial companies, as amended, the general meeting of shareholders resolves to approve the continuation of the Company.

5) Discharge of the directors of the Company for the performance of their duties during the financial year ended on 30 June 2022

The board of directors proposes that the meeting discharges the directors who have been in office during the financial year ended on 30 June 2022 (Viktor VYSHNEVETSKYY, Oleksandr REZNYK, Arthur David JOHNSON, Diyor YAKUBOV) from their liability for the performance of their duties as directors of the Company.

6) Approval change of the registered office of the Company

The board of directors acknowledges the change of the registered office of the Company from 44 rue de l'Industrie L-8069 Strassen, Luxembourg to 41 rue du Puits Romain L-8070 Bertrange, Luxembourg with the effect of 01 January 2023.

7) Prolongation of the mandates of the class A director and Chairman of the Board of Directors Mr. Viktor VYSHNEVETSKYY, of the class A director Mr. Arthur David JOHNSON, of the class A director Mr. Oleksandr REZNYK.

The board of directors acknowledges the prolongation of the mandate of the class A director and Chairman of the Board of Directors Mr. Viktor VYSHNEVETSKYY for 6 (six) year period until the annual general meeting to be held in 2029; prolongation of the mandate of the class A director Mr. Arthur David JOHNSON for 6 (six) year period until the annual general meeting to be held in 2029; prolongation the mandate of the class A director Mr. Oleksandr REZNYK for 6 (six) year until the annual general meeting to be held in 2029.

8) Appointment of class B Director of the Company

The board of directors acknowledges the appointment of Mr. Diyor YAKUBOV as class B Director of the Company for 6 (six) year period until the annual general meeting to be held in 2029.

Voting Recommendation:

The board of directors of the Company recommends that shareholders vote in favor of the resolutions which will be proposed and considered at the Meeting.

Important notices:

• In accordance with the Article 3 of the law of 24 May 2011 on exercise of certain rights of shareholders at the general meeting of companies admitted to trading, participation at the AGM is reserved to shareholders of the Company, whose shareholding is determined on the latest the 11 December 2023 at 24:00 (Central European Time) prior to Meeting, and who give notice of their intention to attend the AGM by mail or return by no later than 19 December 2023, 17:00 p.m. (Central European Time) a duly completed proxy form to the following address: 41 rue du Puits Roman, L-8070 Bertrange / Fax: (+352) 20 21 0033 – 55; Email: info@coalenergy.com.ua ; ir@coalenergy.com.ua.

The documents relating to the AGM are available at the registered office of the Company and on the website of the Company (http://coalenergy.com.ua/) from the date of first publication of this convening notice, and until closing of the Meeting. These documents include in particular:

• (i) the form of proxy;
• (ii) draft of the shareholders resolutions to be taken during the Meeting;
• (iii) the unaudited consolidated annual report for the financial year ended on 30 June 2022, including management report for the relevant periods covered by these financial statements, stand-alone financial report for the financial year ended on 30 June 2022,

An attendance list will be established at the AGM recording the shareholder(s) of the Company attending the AGM in person or by proxy. To be recorded in such a list, a natural or a legal person will have to prove his/her/its quality of shareholder of the Company. In case of a natural person he/she will have to prove his/her identity. In case of a legal person, its representative will have to prove that he/she is a duly authorized representative empowered to bind the legal person.

• The AGM will be conducted in conformity with the voting requirements of the Luxembourg law on commercial companies dated 10 August 1915 as amended and the Company's articles of association.

The approval of resolutions of the AGM requires the affirmative vote of the majority of the voting rights present or represented and expressed at the AGM.

• On the date of the present convening notice the Company has issued 45,011,120 (forty-five million eleven thousand one hundred twenty) shares having each a voting right.
• One or several shareholders representing at least 5% (five percent) of the issued share capital of the Company (i) have the right to put items on the agenda of the AGM, provided that each such item is accompanied by a justification or a draft resolution to be adopted in the AGM; and (ii) have the right to table draft resolutions for items included or to be included on the agenda of the AGM.

Requests made in accordance with (i) and (ii) above must be sent in writing per email or mail to the Company no later than the 22nd (twenty-second day) preceding the AGM to the following address: Attn.: The Directors – email: info@coalenergy.com.ua; ir@coalenergy.com.ua – address 41 rue du Puits Roman, L-8070 Bertrange Fax: (+352) 20 21 0033 – 55. The Company will publish these requests in accordance with applicable legal requirements.

Further Information:

If you require further information or clarification on the above, please contact Directors (tel: +352 20210033, email: info@coalenergy.com.ua; ir@coalenergy.com.ua ).

Coal Energy S.A. The Board of Directors