ORDINARY SHAREHOLDERS' MEETING OF ŽPCG

PUBLISHED: 19.05.2022.

Based on Articles 135 and 136 of the Companies Act ("Official Gazette of Montenegro", No. 65/20) and Articles 53, 54, 56, and 92 paragraph 1 point 19 of the Statute of Railway Transport of Montenegro AD - Podgorica, the Board of Directors of Railway Transport of Montenegro AD – Podgorica hereby convenes

ORDINARY SHAREHOLDERS' MEETING OF RAILWAY TRANSPORT OF MONTENEGRO AD – PODGORICA

The Ordinary Shareholders' Meeting of Railway Transport of Montenegro AD – Podgorica (hereinafter: the Company) will be held on 17.06.2022 (Friday) in the meeting room of the Company, Podgorica, Trg Golootočkih žrtava No. 13, starting at 11:00 hours.

The following is proposed for the Meeting:

AGENDA

• Consideration and adoption of the Report on the Company's operations with financial statements for the year 2021.
• Consideration and adoption of the Report of the independent auditor of the Company on the audit of the financial statements for the year 2021.
• Consideration and adoption of the Annual Report on the work of the internal audit and the execution of the Annual internal audit plan for the year 2021.
• Adoption of the Compensation Policy
• Appointment of the independent auditor of the Company for the year 2022.

The shareholders' meeting makes decisions by a majority of votes of present or represented shareholders or by ballot.

The quorum for the shareholders' meeting consists of shareholders who own more than half of the total number of shares with voting rights, who are present or represented by proxies or have voted by ballot.

Materials for the Ordinary Meeting will be made available to shareholders, within the legal deadline, every working day from 8 to 14 hours at the business premises of the Company's headquarters and its branches in Bar and Bijelo Polje.

Identification of shareholders at the shareholders' meeting is verified by personal identification.

A shareholder has the right to authorise another person to attend and vote at the Meeting.

The power of attorney must be certified in accordance with the law.