AB Akola Group — AGM Information 2024

Oct 17, 2024

a'kola

GROUP

The Draft Decisions, prepared by the Board of AB Akola Group (hereinafter – the Company), to the Annual General Meeting of the Company’s Shareholders to be held on 31 October 2024

1. Presentation of the Company's Audit Committee Activity Report.
   Draft decision. Presented. No voting.

2. Presentation of the independent auditor's report.
   Draft decision. Presented. No voting.

3. Presentation of the Consolidated Annual Report of the Company for the financial year 2023/2024.
   Draft decision. Presented. No voting.

4. Approval of the Company's Remuneration Report.
   Draft decision. Approve the Company's Remuneration Report.

5. Approval of the consolidated and the Company's set of financial statements for the financial year ended 30 June, 2024.
   Draft decision. Approve the consolidated and the Company's set of financial statements for the financial year ended 30 June, 2024.

6. Approval of the Distribution of the Company's Profit/Loss.
   Draft decision. Approve the Distribution of the Company's Profit/Loss:

1) Retained earnings – profit (loss) of the previous financial year at the end of the accounting financial year
EUR 46,543,950

2) Net profit (loss) of the financial year
EUR 75 920 296

3) The profit (loss) of the accounting financial year not recognized in the profit (loss) account

4) The transfers from the reserves

5) The shareholder's contributions to cover the losses of the Company (if shareholders decided to cover all or part of losses)

6) The total profit (loss) available for appropriation
EUR 122,464,246

7) The part of the profit allocated to the legal reserve
EUR 3,796,015

8) The part of the profit allocated to the reserve of the own share acquisition

9) The part of the profit allocated to the reserve of shares issue

10) The part of the profit allocated to the other reserves

11) The part of the profit allocated for the payment of dividends
EUR 4,995,255*

12) The part of the profit allocated for payment of annual bonuses to the Board, employees and other purposes

13) Retained earnings – profit at the end of the financial year carried forward to the next financial year
EUR 113,672,976

• Dividends in amount of EUR 4,995,255 are allocated for the financial year ended on 30 June, 2024, which consist EUR 0.03 with taxes per one share of the Company (calculated without own shares acquired by the Company).

• Approval of a new wording of Rules for Granting Shares of the Company.
  Draft decision. Approve a new wording of the Company's Rules for Granting Shares.

• Approval of a new wording of the Articles of Association of the Company.
  Draft decision:

8.1. Approve a new wording of the Articles of Association of the Company, the provisions of the Articles of Association of the Company comply with the amended provisions of the Law on Companies of the Republic of Lithuania, as well as reducing the number of members of the Company's Board from 6 to 5 members.

8.2. Authorize (including the power to delegate) the Chief Executive Officer of the Company to sign the new wording of the Articles of Association of the Company and to register them with the Register of Legal Entities pursuant to the procedure under law.

1. Determination of the remuneration of the members of the Company's Audit Committee.
   Draft decision:

9.1. Grant an additional one-off remuneration of EUR 600 (six hundred euros) to each existing member of the Audit Committee for the increased workload of the Audit Committee in the financial year 2023/2024.

9.2. Set the annual remuneration to each member of the Audit Committee, payable from 2025 onwards, as follows: EUR 1,600 (one thousand six hundred euros) to the Chairman of the Audit Committee, and EUR 1,200 (one thousand two hundred euros) to the Audit Committee member.

9.3. Determine that the annual remuneration to the members of the Audit Committee shall be paid within one month after the Annual General Meeting of Shareholders of the Company.