AFARAK GROUP

INVITATION TO THE ANNUAL GENERAL MEETING - Seite 2

6. Presentation of the annual accounts, the Report of the Board of Directors and the Auditor’s report for the year 2019

Since the Annual General Meeting may only be attended through advance voting, the Financial Statements, the Board of Directors’ Report and the Auditor’s Report, published by the company on 31 March 2020, are considered to have been presented to the Annual General Meeting. The Financial Statements, the Board of Directors’ Report and the Auditor’s Report are available on the Afarak website http://www.afarak.com/en/investors/shareholder-meetings/2020/.

7. Adoption of the Group annual accounts, income statement and balance sheet
8. Resolution on the use of the profit shown on the Balance Sheet and the payment of dividend

The Board of Directors proposes that no dividend from the financial year ending on 31 December 2019 is paid.  As Afarak Group Plc made a loss for the financial year 2019, no minority dividend can be demanded.

9. Resolution on the discharge of the members of the Board of Directors and the CEO from liability
10. Handling of the remuneration policy for governing bodies

Since the Annual General Meeting may only be attended through advance voting, the Remuneration Policy for Governing Bodies published on 29 May 2020 as an appendix to the Notice is considered to have been presented to the Annual General Meeting. The Remuneration Policy is available on the Afarak website http://www.afarak.com/en/investors/shareholder-meetings/2020/. The resolution on the Remuneration Policy is advisory.

11. Resolution on the remuneration of the members of the Board of Directors and of the Auditor

It is proposed to the Annual General Meeting that the current remuneration package would be kept. The Chairman of the Board shall be paid EUR 4,500 per month, the Chairman of the Audit and Risk Management Committee shall be paid EUR 5,550 per month and all Non-Executive Board Members are paid EUR 3,500 per month. Non-Executive Board Members who serve on the Board's Committees shall be paid additional EUR 1,500 per month for committee work. Those members of the Board of Directors that are executives of the Company are not entitled to receive any remuneration for Board membership. Board Members shall be compensated for travel and accommodation expenses as well as other costs directly related to Board and Committee work in accordance with the company's travel rules.