Rubis

Communication following the requests received for the inclusion of resolutions to the agenda of the Shareholders’ Meeting of 11 June 2024

Paris, 20 May, 2024, 11.00pm

COMMUNICATION FOLLOWING THE REQUESTS RECEIVED
FOR THE INCLUSION OF RESOLUTIONS TO THE AGENDA
OF THE SHAREHOLDERS’ MEETING OF 11 JUNE 2024

• The Supervisory Board supports the appointment of Dr. Ronald Sämann, a long-standing shareholder, as a new member
• It proposes submitting the candidacy of Ms. Isabelle Muller to the Annual General Meeting on June 11, 2024
• The Board unanimously expresses a negative opinion on the resolutions proposed by the Compagnie Nationale de Navigation, which recently entered the Company’s capital with a 5% stake, aiming to significantly overhaul the board and take its control
• The Managing Partners recommends following the advice of the Supervisory Board
• Both the Supervisory Board and the Managing Partners are committed to further improving the Board’s work and strengthening dialogue with shareholders to better address their expectations within Rubis’ ambitious and high-performing strategy

As indicated in its press release dated 16 May 2024, Rubis has received requests from two of its shareholders to include an additional item and several resolutions related to the composition of its Supervisory Board on the agenda of its Shareholders’ Meeting scheduled for 11 June 2024.

Following the opinion of the Supervisory Board, the Managing Partners have added this item (without a vote) and these resolutions to the agenda of the Shareholders’ Meeting on 11 June 2024, subject to the transmission of account registration certificates by the concerned shareholders on the second business day preceding the assembly in accordance with legal provisions.

The opinion of the Supervisory Board and the Managing Partners’ position on these resolutions are summarised below.

1. The Supervisory Board is in favor of the appointment of Dr. Ronald Sämann

Dr. Ronald Sämann, a long-standing shareholder of Rubis, indicated on 3 April 2024, that he holds 5.01% of the share capital¹. On 15 May 2024, he submitted a resolution proposing his nomination to Rubis‘ Supervisory Board.

The Supervisory Board believes it is legitimate for shareholders with a significant stake in the Company’s capital to be represented on the board if they wish.

The board supports the nomination of Dr. Ronald Sämann, who has had discussions with the Chairman and demonstrated a willingness for constructive dialogue. His extensive experience as an executive in international companies would be valuable as well as his long-standing knowledge of Rubis as a shareholder.