VBL Plc

Pre-Annual General Meeting Information • Nov 10, 2021

VBL Pic ("the Company") COMPANY ANNOUNCEMENT

Extraordinary General Meeting

Date: 10th November 2021 Ref. VBL3/2021

This is a company announcement made by the Company in compliance with the Capital Markets Rules.

Reference is made to the company announcement published on the 28th October 2021 relative to the forthcoming Extraordinary General Meeting ("EGM") of the Company scheduled to be held on the 14th December 2021 from 10 am onwards at the King's Own Band Club, at 274, Republic Street, Valletta, VLT 1112, Malta. The Board of Directors of the Company hereby announces that the documentation relative to the EGM consisting of Notice to Shareholder, Proxy Form and Shareholders' Circular is available for inspection on the Company website www.vbl.com.mt. The EGM is being convened for the purpose of considering and if thought fit, passing the resolutions hereunder:

• 1. That in terms of Article 157 of the Companies Act, BDO Malta be removed from office as auditors of the Company;
• 1. That, in that event that the first resolution is approved by the shareholders, the appointment of RSM Malta (Reg. office: Mdina Road, Zebbug, Malta) as auditors of the Company until the next annual general meeting of the Company, be and is hereby approved;
• 1. That the Board of Directors be and are hereby authorised to fix terms and remuneration in an amount of €15,000 (excluding VAT) for annual auditing services for the VBL Group (including the accounts of VBL Plc, its 100% subsidiary VREM Ltd and the VBL Plc consolidated accounts) for the financial year ending at 31st December 2021.

Shareholders on the Company's Register at the Central Securities Depository of the Malta Stock Exchange as at close of business on the 15th November 2021 will receive Notice of the EGM.

Dr David Meli Copipany Secretary

54, Marsamxett Road, Valletta, VLT 1853, Malta