The XVII Extraordinary Shareholders' Assembly of ŽPCG AD – Podgorica is Convened

PUBLISHED: 14th March 2023.

Based on Articles 135, 136, 149 and 151 of the Companies Act ("Official Gazette of Montenegro", No. 65/20, 146/21 and 04/24) and Articles 70 and 92 paragraph 1 point 19 of the Statute of the Railway Transport of Montenegro AD – Podgorica, the Board of Directors of the Railway Transport of Montenegro AD - Podgorica convenes

THE XVII EXTRAORDINARY SHAREHOLDERS' ASSEMBLY OF THE RAILWAY TRANSPORT OF MONTENEGRO AD – PODGORICA

The XVII Extraordinary Shareholders' Assembly of the Railway Transport of Montenegro AD – Podgorica (hereinafter referred to as: the Shareholders' Assembly) is convened. The Shareholders' Assembly will be held on 17th April 2024 (Wednesday) in the meeting room of the Company, Podgorica, Trg Golootočkih žrtava No. 13, starting at 11:00 hours.

The following is proposed for the Assembly:

AGENDA

1. Dismissal of members of the Board of Directors of the Company.
2. Election of members of the Board of Directors of the Company.

The Shareholders' Assembly makes decisions by a majority of votes of present or represented shareholders or by ballot.
The quorum for the Shareholders' Assembly 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.
The election of members of the Board of Directors will be conducted by ballot.
When electing members of the Board of Directors, each share with voting rights gives a number of votes equal to the number of members of the Board of Directors. The Company's Statute stipulates that the Board of Directors has five (5) members, of which two (2) are independent members.
Materials for the Shareholders' Assembly will be made available to shareholders, within the legal deadline, every working day from 8 am to 2 pm at the Company's headquarters and operational units in Bar and Bijelo Polje.
Identification of shareholders at the Shareholders' Assembly is verified by a personal identification document.
A shareholder has the right to authorise another person to attend and vote at the Assembly. The power of attorney must be certified in accordance with the law.
Materials for the Shareholders' Assembly can also be viewed on the Company's website: www.zpcg.me.

CHAIRMAN OF THE BOARD OF DIRECTORS

Mirsad Veliu, s.r.