Deyaar Development PJSC — Declaration of Voting Results & Voting Rights Announcements 2020

Apr 9, 2020

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Form for disclosing the results of the General Assembly Meeting

Date	April 2020 th 9
Name of the Listed Company	Deyaar Development PJSC
Date and day of the meeting	April 2020 th 8
The starting time of the meeting	04:00 Pm
The ending time of the meeting	04:30 pm
Venue of the meeting	remotely/ online
Chair of the General Assembly Meeting	Mr. Abdallah Ali Obaid Al Hamli
Quorum of the total attendance (percentage of capital)	50,29% 0.23% 50.07% 50,29%
Distributed as follows:
1- Personal attendance rate (%)
▪ Authenticity (%)
▪ Proxy (%)
2- Attendance through electronic voting (%)
Decisions and Resolutions of the General Assembly meeting:	1. Approve the Report of the Board on the Company’s activities and financial position for the year ended on 31 December 2019; 2. Approve the Auditor’s Report on the Company’s financial position for the year ended on 31 December 2019; 3. Approve Company’s Balance Sheet and Profit and Loss Account for the year ended on 31 December 2019 4. Approve the Board of Director’s recommendation of the non-distribution

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of dividends for the financial year ending on 31 December 2019; 5. Approve Board remuneration proposal for the year ended on 31 December 2019; 6. Discharge the members of the Board from liability for the year ended 31 December 2019; 7. Discharge the Auditors from liability for the year ended on 31 December 2019; 8. Appoint Company’s auditors and determine their fees.

Special Decisions and Resolutions of the General Assembly meeting:

1. Approve the reduction of the issued share capital of the Company of AED 5,778,000,000 (Five Billion Seven Hundred Seventy-Eight Million UAE dirhams) to AED 4,546,221,056 (Four Billion Five Hundred Forty-Six Million Two Hundred Twenty One Thousand and Fifty Six UAE Dirhams) with a reduction amounting to AED 1,231,778,944 (One Billion Two Hundred Thirty One Million Seven Hundred Seventy Eight Thousand and Nine Hundred Forty Four UAE dirhams).The reduction will be through partially writing off the accumulated losses amounting to AED 1,530,136,761 (One Billion Five Hundred Thirty Million One Hundred Thirty Six Thousand Seven Hundred Sixty One UAE dirhams) as of 31 December 2019, by the legal reserves amounting to AED 298,357,817 (Two Hundred Ninety Eight Million Three Hundred Fifty Seven Thousand Eight Hundred Seventeen UAE

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Dirhams) as of the same date, and cancelling a number of shares equivalent to the remaining amount of accumulated losses of AED 1,231,778,944 (One Billion Two Hundred Thirty One Million and Seven Hundred Seventy Eight Thousands Nine Hundred Forty Four UAE dirham). 2. Approving the amendment of Article 5-1 of the Articles of Association of the Company 3. Delegate Company’s CEO and/or any Board of Directors to undertake all necessary procedures and steps to allow the Company to complete the capital reduction

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