Pursuant to Article 136 of the Law on Companies ("Official Gazette of Montenegro", No. 65/20 and 146/21), I hereby inform you that by the Decision of the Board of Directors of the Company, no. 25-OD/23 from May 25^th 2023, the ordinary Shareholders Assembly of the Novi duvanski kombinat JSC Podgorica is convened for June 27^th 2023, which will be held in the premises of the Company, Ulica kraljice Milene bb, Podgorica, starting at 10 am.

The following was determined for the session:

AGENDA

1. Familiarization of shareholders with the unique list of shareholders and election of working bodies of the Assembly;
2. Approval of the Minutes from the previous Ordinary Assembly of Shareholders held on June 29^th, 2022;
3. Review and adoption of annual financial statements and reports on the Company's operations for 2022, with the report of the auditor "Ernst & Young Montenegro" d.o.o. Podgorica
4. Dismissal and election of members of the Board of Directors of the Company
5. Appointment of the Company’s auditor for 2023
6. Miscellaneous.

The total number of issued shares is 23.276.909 shares, out of which it owns:

-Government of Montenegro – 270.543 shares (1.16% ownership),

-Grand International FZ-LLC, UAE – 22.572.744 shares (96.97% ownership), and

-Novi duvanski kombinat JSC Podgorica – 433.622 shares (1.86% ownership).

Out of which the shares with the right to vote is a total of 22.843.287 shares, as follows:

-Government of Montenegro – 270.543 shares (1.16% ownership), and

-Grand International FZ-LLC, UAE – 22.572.744 shares (96.97% ownership).

(And considering that the shares of the Novi duvanski kombinat JSC Podgorica are own shares and in accordance with Article 231, paragraph 1, item 2 of the Companies Act, they do not give the right to vote and are not counted towards the quorum of the Assembly.)

All voting shares are ordinary, regular shares, with each share being entitled to one vote.

It will be considered that there is a quorum for holding an ordinary Shareholders Assembly, if the Assembly is attended by shareholders who own more than half of the total number of voting shares, who are present in person, represented by attorney or voted by ballot.

Decisions are made by majority votes of the present shareholders or its representatives or by ballot.

The material for the ordinary Shareholders Assembly will be available to shareholders, within the legally prescribed period, in the business premises of the Company in Podgorica, every working day from 9.00 am to 14.00 pm.

The power of attorney for the Shareholders Assembly must be certified in accordance with the Law. The form of power of attorney and ballot paper can be picked up by the shareholders in the business premises of the Company, in Podgorica, every working day from 9.00am to 14.00pm.

Information on the notice of convening the Shareholders Assembly will be available in accordance with Article 136 of the Law on Companies on the website of the Novi duvanski kombinat JSC Podgorica, website address: www.novidk.me

BOARD OF DIRECTORS

THE PRESIDENT
Abdulsalam Murad Juwaied Alganahi, s.r.