FOURTH CALL FOR SHAREHOLDERS

FOURTH CALL FOR SHAREHOLDERS

November 19/2020

In connection with the entry into force of the Act of 30 August 2019 amending the Commercial Companies Code and certain other acts (Journal of Laws of 2019, item 1798), hereinafter referred to as the “Act”, Uxo Marine S.A. (hereinafter referred to as the “Company”), informs its shareholders about the introduction of mandatory dematerialization of company shares into the Polish legal order, which means replacing the paper form of shares with an electronic record in the register of shareholders kept by the entity referred to in Article 17 of the Act.

Pursuant to the amendments, the validity of the existing share documents issued by the Company will expire by operation of law on March 1, 2021. After that date, shares will not be a document confirming shareholder status, but only a documentary evidence necessary to update the electronic shareholder register. On the other hand, after January 1, 2026, the protection of membership rights will be lost for shareholders whose share documents were not filed with the company and were not included in the electronic shareholder register.

In view of the above changes, pursuant to Article 16 of the Act, the Board of Directors of the Company urges all shareholders of Uxo Marine S.A. to file their share documents (share class slips) with the Company’s office at 30 Derdowskiego Street, 84-230 Rumia, so that they may be converted into electronic record form. The filing of the share documents with the Company takes place against a written confirmation issued to the shareholder.