Tankerska Next Generation d.d. — AGM Information 2017

Apr 26, 2017

CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY Miramarska 24b 10000 Zagreb

THE ZAGREB STOCK EXCHANGE Ivana Lučića 2a 10000 Zagreb

ISIN: HRTPNGRA0000 TPNG-R-A Market: Zagreb Stock Exchange Official Market Established A. D. 2014

B. Petranovića 4 23000 Zadar, Croatia

Tel. +385 23 202 135 Fax. +385 23 250 580 e-mail: tng@tng.hr

www.tng.hr

26 April 2017

Subject: Decisions from the Management board and the Supervisory Board sessions

The meetings of the Management Board and the Supervisory Board of Tankerska Next Generation Inc. were held on 26 April 2017.

Supervisory Board considered and adopted the Financial statements for the year ended 31 December 2016 together with Independent auditor's report, and the Annual Company status report.

Financial statements were audited by Deloitte Ltd., and the auditor stated that the financial statements present in all material respects a fair financial position of TNG, as of 31 December 2016, financial performance, changes in equity, and cash flows for the year 2016, in accordance with International Financial Reporting Standards as adopted by the European Union.

The Management Board proposed, and the Supervisory Board adopted a decision about the proposal regarding 2016's profit distribution which will be proposed to the General Assembly.

Net profit of Tankerska Next Generation Inc. for the year ending with 31 December 2016 is HRK 40,607,822.91. The proposal to the General Assembly is that a part of net profit in the amount of HRK 13,952,232.00 shall be paid out as dividend to shareholders, in the gross amount of HRK 1.60 per share. A part of net profit in the amount of HRK 2,030,391.15 shall be allocated to mandatory reserves, and a part of the net profit in the amount of HRK 24,625,199.76 shall be allocated to retained earnings.

Furthermore, on the aforementioned session the Supervisory board considered and adopted the unaudited financial statements for the first three months of 2017.

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Tankerska Next Generation Inc.

Tankerska Next Generation Shipping Joint Stock Company MBS (registration number) 110046753 Commercial Court in Zadar Božidara Petranovića 4, 23000 Zadar, Croatia Share capital: 436,667,250.00 HRK paid completely Short name of the company: Tankerska Next Generation Inc. Issued shares: 8,733,345 ordinary shares with no par value Incorporated 22 August 2014 The President of Supervisory Board: Ivica Pijaca Company's Bank Account: The Management Board: John Karavanić Privredna Banka Zagreb Inc. Zagreb IBAN HR86 2340 0091 1106 7758 7 Swift code: PBZGHR2X