Extraordinary shareholders meeting of Universal Capital Bank AD Podgorica 23.11.2020.

Pursuant to the provisions of Article 136, of the Company Law (“Official Gazette of RM, no. 065/20 od 03.07.2020.), and Decision of Board of Directors to convene regular shareholders meeting of Universal Capital Bank AD Podgorica, it is hereby convened

EXTRAORDINARY SHAREHOLDERS MEETING

OF UNIVERSAL CAPITAL BANK AD PODGORICA

Meeting will be held on 23.11.2020. (Monday day) at the Banks Headquarters. Address: ul. Stanka Dragojevica bb, 81000 Podgorica, Montenegro, starting at 11.00 am, with following agenda:

• Consideration of the proposal and adoption of the Decision on dismissal of member of the Board of Directors of Universal Capital Bank AD Podgorica;
• Consideration of the proposal and adoption of decisions on the election of member of the Board of Directors of Universal Capital Bank AD Podgorica;
• Miscellaneous;

Decision on all items of the agenda are reached by the majority vote of present or properly represented shareholders or by voting ballots,  under the condition that at the Shareholders meeting are present shareholders who own more than half of all number of shares with voting rights (11.977.057 of shares from total number of  23.954.114 with voting rights ). All shares of Universal Capital Bank are ordinary shares and each share provides one right to one vote.

When electing members of the Board of Directors (item 2 of the agenda), each share with the right to vote gives the number of votes equal to the number of members of the Board of Directors who are elected. Shareholder or attorney of shareholder may give all votes to one candidate or distribute them to several candidates at his discretion. The candidates with the highest number of votes are elected as members of the Board of Directors by the Shareholders Meeting.

Shareholders have the right to appoint a proxy to vote on their behalf at the Shareholders meeting or to perform other duties. Signature on the power-of-attorney letter has to be certified in accordance with the law. Power of attorney letter can be revoked, and it will be considered to be revoked if shareholder latter provide next power of attorney letter or if he personally votes at the Shareholders meeting.

Shareholders can obtain right to vote without being present at the shareholders meeting, by submitting filed out ballot sheet, to the address: ul. Stanka Dragojevica bb, Podgorica, no later than 09:00 am on the day when Shareholders meeting is to be convened. Signature of shareholder or a proxy on a ballot sheet has to be certified in accordance with Law. Only properly filled and duly submitted ballot sheet will be taken in to consideration when determining the voting results.

Shareholders can obtain additional information, have an insight in documents for the meeting and proposal of the decision at the headquarters of the Universal Capital Bank AD Podgorica and by calling +382 20 481 414, every business  day 8,00 – 16,00 h. Information on Shareholders assembly, power of attorneys and voting ballots are available on web page www.ucbank.me.

PREDSJEDNIK ODBORA DIREKTORA

Božo Milatović