Call for the Rescheduled XXI Extraordinary Assembly

The Board of Directors of the Railway Transport of Montenegro AD Podgorica, based on the Decision of the Board of Directors 7060/1.1 dated 20.08.2026, hereby issues and publishes

Pursuant to Articles 257, 258, 260, 261, 262, and 273 of the Companies Act ("Official Gazette of Montenegro" No. 090/25 dated 06.08.2025, No. 121/25 dated 21.10.2025, and No. 44/26 dated 27.03.2026, hereinafter referred to as the Act), the Board of Directors of the Railway Transport of Montenegro AD - Podgorica, based on the Decision of the Board of Directors No. 7060/1.1 dated 20.08.2026, hereby issues and publishes
CALL
For the Rescheduled XXI Extraordinary Assembly of Shareholders of the Railway Transport of Montenegro
AD - Podgorica
I The call is issued on 20.08.2026
II The Assembly of Shareholders will be held on 04.09.2026 in the meeting room of the Company, Podgorica, Trg Golootočkih žrtava No. 13, starting at 10 o'clock.
III The Board of Directors of the Railway Transport of Montenegro AD - Podgorica convenes the Rescheduled
XXI Extraordinary Assembly of Shareholders of the Railway Transport of Montenegro AD - Podgorica.
The following is proposed for the Rescheduled XXI Extraordinary Assembly:

AGENDA
1. Adoption of the Decision on the election of working bodies of the XXI Extraordinary Assembly of Shareholders.
2. Adoption of the Decision on the adoption of the Statute of the Railway Transport of Montenegro AD -
Podgorica
3. Adoption of the Decision on the adoption of the Rules of Procedure of the Assembly of Shareholders
of the Railway Transport of Montenegro AD - Podgorica.
4. Adoption of the Decision on the approval of the Report on the Company's operations for the year 2025
along with financial statements.
5. Adoption of the Decision on the approval of the Auditor's Report on the conducted audit
of the financial statements for the year 2025.
6. Adoption of the Decision on the appointment of the Company's auditor for the year 2026.
7. Adoption of the Decision on the dismissal of members of the Company's Board of Directors.
8. Adoption of the Decision on the appointment of members of the Company's Supervisory Board.
9. Adoption of the Decision on the adoption of the Compensation Policy and determination of the amount of compensation
for members of the Supervisory Board.

According to the unique register of shareholders issued by the Central Clearing and Depository Company AD Podgorica (CKDD), the total number of shares of the Company as of the date of publication of the call is 7,114,635 ordinary shares with voting rights (one share one vote). All shares of the Company are ordinary shares, in dematerialised form, of the same class and registered in the name.

The quorum required for the operation of the Rescheduled XXI Extraordinary Assembly of Shareholders for agenda items 1, 3, 4, 5, 6, 7, 8, and 9 consists of shareholders/proxies who hold at least 33% of the total number of shares with voting rights, who are personally present, as well as the votes of shareholders who have voted in writing or electronically.

The quorum required for the operation of the Rescheduled XXI Extraordinary Assembly of Shareholders for agenda item 2 consists of shareholders/proxies who hold two-thirds of the shares with voting rights, who are personally present, as well as the votes of shareholders who have voted in writing or electronically.

Decisions on agenda items 1, 3, 4, 5, 6, 7, 8, and 9 are made by a majority of the votes of present or represented shareholders from a quorum of at least 33% of the total number of shares of the Company with voting rights, taking into account the votes of shareholders who have voted in writing or electronically.

The decision on agenda item 2 is made by a two-thirds majority of all shares with voting rights, taking into account the votes of shareholders who have voted in writing or electronically.

The decision on agenda item 8 will be implemented through ballots, the form and content of which will be determined by the Company.

When electing members of the Supervisory Board, each share with voting rights gives a number of votes equal to the number of members of the Supervisory Board, as determined by the Company's Statute.

The right to propose candidates for members of the Supervisory Board is held by a shareholder or shareholders who together hold at least 5% of the share capital.

Materials for the Rescheduled XXI Extraordinary Assembly of Shareholders, including proposals for decisions, along with explanations and attachments, will be published on the Company's website www.zpcg.me, and on the day of sending this call, the same can be viewed and downloaded.

Materials for the Rescheduled XXI Extraordinary Assembly of Shareholders will also be made available to shareholders at the Company's headquarters and in the operational units in Podgorica, Bar, Bijelo Polje, and Nikšić, every working day from 10 am to 2 pm.

Every shareholder has the right to attend the Assembly meeting, to participate in discussions on individual agenda items, to ask questions, and to vote, in accordance with the Law, the Statute, and the Rules of Procedure of the Assembly of Shareholders.

Every shareholder entitled to participate in the Assembly has the right to ask questions related to the agenda items and other matters concerning the Company, in accordance with the Law. A shareholder may submit a question 14 days prior to the date of the Assembly meeting, to which a response will be provided during the meeting, and if a response cannot be given at the meeting, it will be published on the Company's website within 14 days from the date of the Assembly meeting.

A shareholder may exercise their rights at the meeting through a proxy. The proxy of the shareholder has the same rights regarding participation in the meeting, including the right to vote, as the shareholder who appointed them.

A proxy may be any legally capable individual or legal entity, except for exceptions established by the Law. The shareholder grants the proxy in written form, the proxy must be certified, and the signatures on the proxy are certified in accordance with the Law on the Certification of Signatures, Handwriting, and Copies. The proxy may also be granted in electronic form, in which case it must be signed with a qualified electronic signature, in accordance with the Law on Electronic Identification and Electronic Signatures, and submitted to the official email address of the Company [email protected].

Shareholders may sign an agreement on voting, in accordance with the Law, and are obliged to submit a copy of the agreement to the Company for registration in the unique register (and to the Commission for Capital Markets).

Shareholders may vote in advance in writing without attending the meeting, with their signature on the ballot certified, in accordance with the Law on the Certification of Signatures, Handwriting, and Copies.

The Company determines the form of the ballot for voting in writing, in accordance with the Statute and the Rules of Procedure of the Assembly, which is available to shareholders in both paper and electronic form. If a shareholder does not use the ballot form when voting in writing, the Company will not invalidate their vote if the identity of that shareholder and how they voted on individual agenda items can be clearly established from their written statement.

Along with this call for the holding of the Rescheduled XXI Extraordinary Assembly of Shareholders and the complete documentation, including proposals for decisions with explanations, the form of the ballots for agenda items is provided in accordance with the Rules of Procedure of the Assembly of Shareholders, as well as the proxy form.

The right to participate in the work of the Assembly of Shareholders is granted to shareholders who held that status on the day before the date of the Assembly meeting - the day of determining shareholder status. The list of shareholders is determined by the Company based on the extract from the unique register of shareholders (CKDD). A shareholder who transfers their shares to a third party after the day of determining shareholder status retains the right to participate in the work of the Assembly based on those shares.

The Company will make the materials for the Rescheduled XXI Extraordinary Assembly of Shareholders, the ballot form, and the proxy form available to shareholders by publishing them on the Company's website www.zpcg.me, on the same day the call is published, and will enable their download.

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