Decisions taken in the Ordinary General Meeting of Shareholders of LITGRID AB

The following decisions were adopted in the Ordinary General Meeting of Shareholders of LITGRID AB (company code 302564383, registered office at Karlo Gustavo Emilio Manerheimo st. 8, LT-05131, Vilnius) on 30 April 2024:

1) Regarding Annual Report of LITGRID AB for 2023

The annual report of LITGRID AB on the activities of the company for 2023 is taken into account (attached).

2) Regarding independent auditor’s conclusion on LITGRID AB financial statements and annual report for 2023

Independent auditor's report on LITGRID AB 2023 set of financial statements and annual report is taken into account (attached).

3) Regarding the approval of the set of financial statements of LITGRID AB for 2023

The financial statements of LITGRID AB of 2023 is approved (attached).

4) Regarding the approval of the distribution of profit of LITGRID AB for 2023

The profit distribution for the year 2023 of LITGRID AB is approved (attached).

5) Regarding the approval of the remuneration report of LITGRID AB for 2023

The remuneration report of LITGRID AB of 2023, which is part of the annual LITGRID AB 2023 report, is approved.

6) Regarding the approval of the new version of the Articles of Association of LITGRID AB

6.1. The new LITGRID AB Articles of Association are approved (attached).

6.2. The Chief Executive Officer of LITGRID AB (with the right to sub-delegate) is authorized to sign the amended Articles of Association in accordance with the procedure established by legal acts and to register them in the Register of Legal Entities of the Republic of Lithuania, to submit and collect documents, to perform all necessary actions related to the implementation of this decision of the General Meeting of Shareholders.

7) Regarding the approval of the updated Remuneration Policy of LITGRID AB Chief Executive Officer and Board members

7.1 The Remuneration Policy of the new version of LITGRID AB's Chief Executive Officer and Board members are approved (attached).

7.2. The Chief Executive Officer of LITGRID AB is authorized and obliged to publicly announce the approved Remuneration Policy as stipulated by the Law on Companies of the Republic of Lithuania.

8) Election of Board members

8.1. From 30 April 2024 to the Board of LITGRID AB for a term of 4 (four) years:

1. Tomas Varneckas was elected as a member of the Board of LITGRID AB, nominated by the parent company UAB EPSO-G;

2. Mindaugas Keizeris was elected as a member of the Board of LITGRID AB, nominated by the parent company UAB EPSO-G;

3. Gediminas Karalius was elected as a civil servant member of the Board of LITGRID AB;