Borouge Pie, a public company limited by shares organised and existing under the laws of Abu Dhabi Global Market (the Company), extended an invitation to its shareholders to attend the Company's Annual General Assembly on Thursday, 28 March 2024 at 3p.m. (UAE time) in person at the Company's offices in Sheikh Khalifa Energy Complex in Abu Dhabi or virtually. Shareholders representing 91.82% of the Company's share capital (the General Assembly) registered for the meeting in order to consider the items of the agenda of the meeting and adopt the appropriate resolutions in relation thereto.

The Chairman of the meeting, H.E. Dr. Sultan Ahmed Al Jaber, the Chairman of the Board of Directors of the Company, declared the meeting to be quorate and welcomed the attendees. The Chairman then declared the appointment of Mr. Ahmad Ma'abreh as Secretary to the meeting and First Abu Dhabi Bank and Lumi as vote collectors. The Secretary to the meeting then presented the agenda. The Board of Directors' report relating to the activities of the Company and its financial position for the financial year ended on 31 December 2023 was then presented to the meeting by the Chairman, H.E. Dr. Sultan Ahmed Al Jaber.

This was followed by the external auditor's report concerning the financial year ended on 31 December 2023 which was presented by Mr. Ahmad Al Dali of Ernst and Young Middle East.

Following the presentation of the items listed in the agenda, the General Assembly proceeded to the voting stage and resolved by majority of the shares represented at the meeting as follows:

1. Approve the Board of Directors' report on the Company's activities and its financial position for the financial year ended on 31 December 2023.
2. Approve the external auditor's report for the financial year ended on 31 December 2023.
3. Approve the Company's standalone audited financial statements for the financial year ended on 31 December 2023.
4. Approve the consolidated audited financial statements for the Company and its subsidiaries for the financial year ended on 31 December 2023.
5. Approve the recommendation of the Board concerning a cash dividend distribution of USO 650,000,000 (equivalent to AED 2,387,125,000 amounting to approximately 7.94 fils per share) for the second half of the financial year ended on 31 December 2023, to bring the total cash dividend for the ​financial year ended 31 December 2023 to AED 4,774,250,000 (equivalent to 15.88 fils per share).
6. Discharge the members of the Board of Directors from liability for their activities for the financial year ended on 31 December 2023.
7. Discharge the auditors from liability for their activities for the financial year ended on 31 December 2023.
8. Approve the remuneration for services of the Board of Directors in the amount of AED 21.66 million for the financial year ended on 31 December 2023.
9. Approve the Board of Directors' recommendation to appoint Ernst and Young Middle East as external auditors of the Company for the financial year 2024 and determine their remuneration at USO 706,056 plus any applicable VAT.

The General Assembly meeting was closed following the adoption of the above resolutions.

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