C.O. Cyprus Opportunity Energy Public Company LTD

AGM Information • Jul 26, 2017

C.O. CYPRUS OPPORTUNITY ENERGY PUBLIC COMPANY LIMITED (THE "COMPANY") Notice of Annual General Meeting on 17 August 2017.

NOTICE is hereby given that an Annual and General Meeting of the Shareholders shall be held at the registered office of the Company at 13 Karaiskakis Street, 3032 Limassol, Cyprus on Thursday on 17 August 2017 at 12:00 a.m.

AGENDA:

ANNUAL GENERAL MEETING

a. The following below seek the necessary shareholder approval by means of an ordinary resolution:

• 1. To receive the report of the Auditors and the Financial Statements for the year 2016.
• $\overline{2}$ . To appoint the new director Stavros Stavrou ID: 547432 with immediate effect
• $3.$ To appoint and fix the remuneration of the auditors.
• $\overline{4}$ . To transact any other business which may be properly transacted at an Annual General Meeting.
• b. To discuss, consider and if thought appropriate the Company would resolve the following by a resolution under Article 9 of the Articles of Association and section 59 A 1 (b) of the Companies Law Cap 113

The authorization of the Directors to take all requisite actions to issue and allot 6,250,000 ordinary shares at a value of $\epsilon 0.01$ each out of the Company's authorized share capital to Prevention at Sea Ltd with whom a service agreement with the Company is to be signed, in accordance with Article 7 of the Articles of Association and be empowered to issue and allot these shares for cash as if the right of pre-emption contained in Article 8 of the Articles of Association and section 60B of the Companies Law, Cap. 113 did not apply to such allotment

The full text may be accessed by the Shareholders on the Company's Web page www.oilandgas.com.cy. The Shareholders can also find explanatory notes to the meeting, as well as proxy statements in the aforementioned address.

Dated: 25 July 2017

Yours sincerely, $\mathcal{P}$ CYPROSERVUS CO. LIMITED
CYPROSERVUS CO. LIMITED Secretary of C.O. CYPRUS OPPORTUNITY ENERGY PUBLIC COMPANY LIMITED

Notices:

• Members entitled to attend and vote at the meeting are entitled to appoint a proxy to attend and vote on their behalf and $\bf{1}$ a proxy need not be a Member of the Company. All proxies must be deposited at the Registered Office of the company 48 hours before the Meeting i.e. by 12:00 am on 17 August 2017
• 2) All Members entitled to attend and vote at the Meeting are entitled to participate in the Meeting through the telephone number + 0035725800570 id number 1169.
• $3)$ A Form of Proxy is attached

ANNUAL GENERAL MEETING OF C.O. CYPRUS OPPORTUNITY ENERGY PUBLIC COMPANY LIMITED

TO:	CYPROSERVUS CO. LIMITED
	13 Karaiskaki Street, 50132 Limassol, Cyprus Fax Number: +357 25 58 71 91 Telephone Number: +357 25 800 131 (Chrysses Demetriades) E-mail: chrysses.demetriades@demetriades.com
RE:	C.O. CYPRUS OPPORTUNITY ENERGY PUBLIC COMPANY LIMITED General Meeting to be held on 17 August 2017
	$FROM:$
	Name/Company Name
	VOTING SHARES NUMBER: ______
	SIGNATURE:
	Authorized Signatory Name, Signature
	CONTACT INFO: ______
	Telephone/Fax Number/E-mail Address
	TOTAL NUMBER OF SHARES
	Held as at 25 July 2017: ______
	Voting on the Proxy: ______
	DATE:______

C.O. CYPRUS OPPORTUNITY ENERGY PUBLIC COMPANY LIMITED

Annual General Meeting

17 August 2017

The above-noted holder of Shares of (the "Company") hereby requests and instructs [..................................... cause to be voted the number of Shares held as at 15 August 2017 (or, if the AGM is adjourned, at 6.00 p.m. on the day two days prior to the adjourned AGM) at the General Meeting of the Company to be held at the Company Registered Office on 17 August 2017 in respect of the following resolutions:

THIS FORM MUST BE RECEIVED COMPLETED BY

12:00 A.M. CYPRUS TIME ON 15 August 2017 TO BE VALID

ANNUAL GENERAL MEETING C.O. CYPRUS OPPORTUNITY ENERGY PUBLIC COMPANY LIMITED

Annual General Meeting Resolutions

Agenda Items:

A. The following Ordinary Resolution:

1. To receive the report of the Auditors and the Financial Statements for the year 2016.

2. To appoint the new director Stavros Stavrou ID: 547432 with immediate effect

$\Box$ FOR $\Box$ ABSTAIN $\Box$ AGAINST

1. To appoint and fix the remuneration of the auditors.

$\Box$ FOR $\Box$ AGAINST $\Box$ ABSTAIN

1. To transact any other business which may be properly transacted at an Annual General Meeting.

$\Box$ FOR $\Box$ AGAINST $\Box$ ABSTAIN

B. To resolve the following by a resolution under Article 9 of the Articles of Association and section 59 A 1 (b) of the Companies Law Cap 113

The authorization of the Directors to take all requisite actions to issue and allot 6,250,000 ordinary shares at a value of $\epsilon$ 0,01 each out of the Company's authorized share capital to Prevention at Sea Ltd with whom a service agreement with the Company is to be signed, in accordance with Article 7 of the Articles of Association and be empowered to issue and allot these shares for cash as if the right of pre-emption contained in Article 8 of the Articles of Association and section 60B of the Companies Law, Cap. 113 did not apply to such allotment

$\Box$ AGAINST $\Box$ FOR $\Box$ ABSTAIN

End of Resolutions.