Union Properties PJSC — AGM Information 2021

May 9, 2021

Reference: UPP/CS/JK/2021-023 اﻟﻤﺮﺟﻊ :UPP/CS/JK/2021-023 Date: 06[th] May 2021 2021 ﻣﺎﯾﻮ 06اﻟﺘﺎرﯾﺦ:

Mr. Hassan Abdulrahman Al Serkal

Chief Executive Officer Dubai Financial Market Dubai, UAE

اﻟﺴﯿﺪ ﺣﺴﻦ ﻋﺒﺪاﻟﺮﺣﻤﻦ اﻟﺴﺮﻛﺎل اﻟﻤﺤﺘﺮم اﻟﺮﺋﯿﺲ اﻟﺘﻨﻔﯿﺬي ﺳﻮق دﺑﻲ اﻟﻤﺎﻟﻲ دﺑﻲ، اﻹﻣﺎرات اﻟﻌﺮﺑﯿﺔ اﻟﻤﺘﺤﺪة

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After Greetings,

،ﺗﺤﯿﺔ طﯿﺒﺔ وﺑﻌﺪ

Subject: Resolutions of the 28[th] Annual General Assembly Meeting of the Shareholders of Union Properties PJSC

ﺔﻮﯾاﻟﺴﻨ ﺔﯿﻣﻮاﻟﻌﻤ ﺔﯿﻤﻌﺠاﻟع ﺘﻤﺎﺟاﺞ ﻧﺘﺎﺋﻮع: ﺿﻮاﻟﻤ ﺔرﯾاﻟﻌﻘﺎ ﺗﺤﺎدﻻا ﻛﺔﺮﺷﻲ ﻟﻤﺴﺎھﻤﺮون اﻟﻌﺸﻦ واﻟﺜﺎﻣ ش.م.ع

Enclosed are the resolutions adopted by the shareholders at the 28[th] Annual General Assembly meeting of Union Properties PJSC that was held on Thursday, 06/05/2021at 2:00 PM in Dubai (Virtually) (2[nd] Meeting)

ﻣﺮﻓﻖ طﯿﮫ ﻧﺘﺎﺋﺞ اﺟﺘﻤﺎع اﻟﺠﻤﻌﯿﺔ اﻟﻌﻤﻮﻣﯿﺔ اﻟﺴﻨﻮﯾﺔ اﻟﺜﺎﻣﻦ واﻟﻌﺸﺮون ﻟﻤﺴﺎھﻤﻲ ﺷﺮﻛﺔ اﻻﺗﺤﺎد اﻟﻌﻘﺎرﯾﺔ ش.م.ع، واﻟﺬي ﻓﻲ ﺗﻤﺎم اﻟﺴﺎﻋﺔ 2021/05/اﻧﻌﻘﺪ ﯾﻮم اﻟﺨﻤﯿﺲ اﻟﻤﻮاﻓﻖ 06 ) اﻻﺟﺘﻤﺎع اﻟﺜﺎﻧﻲ()ﻋﻦ ﺑﻌﺪ( إﻣﺎرة دﺑﻲ.ﻓﻲ ظﮭﺮا 2:00

Yours faithfully, ﻹ،ﺣﺘﺮام واﻟﺘﻘﺪﯾﺮوﺗﻔﻀﻠﻮا ﺑﻘﺒﻮل ﻓﺎﺋﻖ ا For Union Properties PJSC ﻋﻦ ﺷﺮﻛﺔ اﻻﺗﺤﺎد اﻟﻌﻘﺎرﯾﺔ

Asem Al Jazzazi ﻋﺎﺼم اﻟجزازي Company Secretary أﻣﯿﻦ ﺳﺮ ﻣﺠﻠﺲ اﻹدارة Cc: Securities and Commodities Authority ھﯿﺌﺔ اﻷوراق اﻟﻤﺎﻟﯿﺔ واﻟﺴﻠﻊ:ﻧﺴﺨﺔ إﻟﻰ

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اﻟﺔ ﯿﻣﻮاﻟﻌﻤ ﺔﯿﻤﻌﺠاﻟ ﺎﯿﮭﻋﻠ اﻓﻘﺖﻲ واﻟﺘ دﻮﻨﺒ

Items approved by the General Assembly

Granting the approval to delegate the Chairman of the Annual General Assembly to appoint the rapporteur and the vote collector

Ratification of the Directors’ Report concerning the activities and financial status of the Company for the financial year ended 31[st] December 2020.

Absolving the Board of Directors for the financial year ended 31st December 2020.

Absolving the Auditors for the financial year ended 31st December 2020

Appointment of Mazars to audit the financial statements for year 2021 and determine their fees to be 690,000 AED.

Approving - in terms of Article 152 (3) of the UAE Federal Law No. 2 of 2015 - to allow the Chairman of the Board of Directors and the Directors to participate in businesses which might be in competition with the Company’s business.

Approve the remuneration policy for the Board of Directors in accordance with the text of Article (29) of the Corporate Governance guide for Public Joint Stock Companies attached to the Chairman of the Authority’s Board of Directors Decision No. (3 / R.M) for the year 2020, provided that it is effective as of the financial year starting January 1st, 2021.

Approving the amendments on articles of the company’s articles of association as per the following: Definitions: amending the definition of related parties and the definition of control; Articles (12), (1/14), (4/14), (16), (1/17) (21), (A / 29), (37), (41), (2/ 42), (1/47), (48), (50), (2/52), (1/58), and (3/58) and authorize of the Board of Directors to take All legal procedures and proceed with the necessary in this regard,

ﺗﻔﻮﯾﺾ رﺋﯿﺲ اﺟﺘﻤﺎع اﻟﺠﻤﻌﯿﺔ اﻟﻌﻤﻮﻣﯿﺔ ﺑﺘﻌﯿﯿﻦ ﻣﻘﺮر اﻟﻤﻮاﻓﻘﺔ ﻋﻠﻰ .اﻻﺟﺘﻤﺎع وﺟﺎﻣﻊ اﻷﺻﻮات

اﻟﻤﺼﺎدﻗﺔ ﻋﻠﻰ ﺗﻘﺮﯾﺮ ﻣﺠﻠﺲ اﻹدارة ﻋﻦ ﻧﺸﺎط اﻟﺸﺮﻛﺔ وﻋﻦ ﻣﺮﻛﺰھﺎ 2020/12/31اﻟﻤﺎﻟﻲ ﻋﻦ اﻟﺴﻨﺔ اﻟﻤﺎﻟﯿﺔ اﻟﻤﻨﺘﮭﯿﺔ ﻓﻲ

إﺑﺮاء ذﻣﺔ أﻋﻀﺎء ﻣﺠﻠﺲ اﻹدارة ﻋﻦ اﻟﺴﻨﺔ اﻟﻤﺎﻟﯿﺔ اﻟﻤﻨﺘﮭﯿﺔ ﻓﻲ 2020/12/31 2020/12/ إﺑﺮاء ذﻣﺔ ﻣﺪﻗﻘﻲ اﻟﺤﺴﺎﺑﺎت ﻋﻦ اﻟﺴﻨﺔ اﻟﻤﺎﻟﯿﺔ اﻟﻤﻨﺘﮭﯿﺔ ﻓﻲ31

وﺗﺤﺪﯾﺪ أﺗﻌﺎﺑﮭﺎ ﺑﻤﺒﻠﻎز " ﻟﺘﺪﻗﯿﻖ ﻣﯿﺰاﻧﯿﺔ ﻋﺎم 2021ﻣﺰار" ﺗﻌﯿﯿﻦ ﺷﺮﻛﺔ .درھﻢ 690,000

اﻟﻤﻮاﻓﻘﺔ ﻋﻠﻰ اﻟﺘﺼﺮﯾﺢ ﻷﻋﻀﺎء ﻣﺠﻠﺲ اﻹدارة اٴن ﯾﺸﺘﺮﻛﻮا ﻓﻲ اٴي اﻟﺸﺮﻛﺔ واٴن ﯾﺘﺎﺟﺮون ﻟﺤﺴﺎﺑﮭﻢ اٴو ﻟﺤﺴﺎب ﻏﯿﺮھﻢ ﻋﻤﻞ ﻣﻦ ﺷﺎٴﻧﮫ ﻣﻨﺎﻓﺴﺔ ﻓﻲ اٴﺣﺪ ﻓﺮوع اﻟﻨﺸﺎط اﻟﺬي ﺗﺰاوﻟﮫ اﻟﺸﺮﻛﺔ؛ وذﻟﻚ إﻋﻤﺎﻻ ﻷﺣﻜﺎم اﻟﻤﺎدة 152( ﻣﻦ ﻗﺎﻧﻮن اﻟﺸﺮﻛﺎت اﻟﺘﺠﺎرﯾﺔ )

() اﻟﻤﻮاﻓﻘـﺔ ﻋﻠـﻰ ﺳﯿﺎﺳـﺔ ﻣﻜﺎﻓﺂت ﻣﺠﻠـﺲ اﻹدارة وﻓﻘﺎ ﻟﻨﺺ ﻟﻠﻤـﺎدة29 ﻣـﻦ دﻟﯿﻞ ﺣﻮﻛﻤﺔ اﻟﺸﺮﻛﺎت اﻟﻤﺴﺎھﻤﺔ اﻟﻌﺎﻣﺔ اﻟﻤﻌﺘﻤﺪ ﺑﻤﻮﺟﺐ ﻗﺮار ، ﻋﻠﻰ أن ﺗﺴﺮي ر.م( ﻟﺴﻨﺔ2020رﺋﯿﺲ ﻣﺠﻠﺲ إدارة اﻟﮭﯿﺌﺔ رﻗﻢ )3/ ﯾﻨﺎﯾـﺮ2021را ﻣـﻦ اﻟﺴـﻨﺔ اﻟﻤﺎﻟﯿـﺔ اﻟﺘـﻲ ﺗﺒﺪأ ﻓـﻲ 1 اﻋﺘﺒـﺎ

اﻟﻤﻮاﻓﻘﺔ ﻋﻠﻰ ﺗﻌﺪﯾﻞ ﺑﻌﺾ ﻧﺼﻮص ﻣﻮاد اﻟﻨﻈﺎم اﻻﺳﺎﺳﻲ وھﻲ ﻛﺎﻟﺘﺎﻟﻲ : اﻷطﺮاف ذات اﻟﻌﻼﻗﺔ وﺗﻌﺮﯾﻒ ( اﻟﺘﻌﺮﯾﻔﺎت: ﺗﻌﺪﯾﻞ ﺗﻌﺮﯾﻒ1) (21) (17)( و1/16) (144/) (14)( و1/اﻟﺴﯿﻄﺮة؛ واﻟﻤﻮاد )12 (52)( و50) ( و2/)( و4847)( و1/42)( و2/)( و41)( و37/و)أ29 وﺗﻔﻮﯾﺾ ﻣﺠﻠﺲ اﻹدارة ﻓﻲ اﺗﺨﺎذ ﻛﺎﻓﺔ اﻹﺟﺮاءات( 58)( و3/58)و1/ اﻟﻘﺎﻧﻮﻧﯿﺔ واﻟﺨﻄﻮات اﻟﻼزﻣﺔ ﺑﮭﺬا اﻟﺸﺄن،

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Items not approved by the General Assembly

Not ratifying the Auditors’ Report for the financial year ended 31[st] December 2020.

Not ratifying the balance sheet and the profit and loss account of the Company for the financial year ended 31st December 2020.

Not authorizing the Board of Directors to appoint (2) representatives of the shareholders in the meetings of the General Assembly and determine their fees.

Not approving the amendments on articles of the company’s articles of association as per the following: Article (40/1), (51/2) & article 64

اﻟﺔﯿﻣﻮاﻟﻌﻤ ﺔﯿﻤﻌﺠاﻟ ھﺎﺮﺗﻘﻢ ﻟﻲ اﻟﺘ دﻮﻨﺒ

ﻋﺪم اﻟﻤﺼﺎدﻗﺔ ﻋﻠﻰ ﺗﻘﺮﯾﺮ ﻣﺪﻗﻖ اﻟﺤﺴﺎﺑﺎت ﻋﻦ اﻟﺴﻨﺔ اﻟﻤﺎﻟﯿﺔ اﻟﻤﻨﺘﮭﯿﺔ 2020/12/ ﻓﻲ31

ﻋﺪم اﻟﻤﺼﺎدﻗﺔ ﻋﻠﻰ ﻣﯿﺰاﻧﯿﺔ اﻟﺸﺮﻛﺔ وﺣﺴﺎب اﻷرﺑﺎح واﻟﺨﺴﺎﺋﺮ ﻋﻦ 2020/12/ اﻟﺴﻨﺔ اﻟﻤﺎﻟﯿﺔ اﻟﻤﻨﺘﮭﯿﺔ ﻓﻲ31

( ﻣﻤﺜﻠﯿﻦ ﻋﻦ ﻋﺪم اﻟﻤﻮاﻓﻘﺔ ﻋﻠﻰ) ﺗﻔﻮﯾﺾ ﻣﺠﻠﺲ اﻹدارة ﺑﺘﻌﯿﯿﻦ ﻋﺪد2 .اﻟﻤﺴﺎھﻤﯿﻦ ﻓﻲ اﺟﺘﻤﺎﻋﺎت اﻟﺠﻤﻌﯿﺔ اﻟﻌﻤﻮﻣﯿﺔ وﺗﺤﺪﯾﺪ أﺗﻌﺎﺑﮭﻢ

ﻋﺪم اﻟﻤﻮاﻓﻘﺔ ﻋﻠﻰ ﺗﻌﺪﯾﻞ ﺑﻌﺾ ﻧﺼﻮص ﻣﻮاد اﻟﻨﻈﺎم اﻷﺳﺎﺳﻲ ﻟﻠﺸﺮﻛﺔ : وھﻲ ﻛﺎﻟﺘﺎﻟﻲ ( و اﻟﻤﺎدة64512/) ، (40) اﻟﻤﺎدة1/

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