Resolutions of the General Extraordinary Shareholders' Meeting of INVL Baltic Farmland

Resolutions of the General Extraordinary Shareholders' Meeting of INVL Baltic Farmland that was held on 21 October 2024.

1. Regarding the election of an auditor to carry out the audit of the annual financial statements and setting conditions of payment for audit services.

Considering that PricewaterhouseCoopers, UAB has audited the Company for 10 years and, in accordance with the requirements of Regulation (EU) No. 537/2014 of the European Parliament and of the Council, can no longer continue to provide audit services, it is decided to:

1.1. Based on the results of the Company's surveys of audit firms and the recommendation provided by the audit committee, to appoint BDO Auditas ir Apskaita, UAB, as the Company's audit firm for the audit of the Company's annual financial statements for the years 2024, 2025, and 2026, and for the assessment of the Company's management reports.

1.2. To authorize the Company's Manager to sign the audit services contract, according to which the payment for the audit of the financial statements for the three financial years and the evaluation of the management reports will be the price agreed by the parties, but not exceeding 68,000 euros (excluding VAT) for the entire three-year period.

1.3. To stipulate that the Management board of the Company reserves the right to increase the remuneration of the audit company by no more than 25 percent of the total remuneration approved by this decision if the scope of audit work changes significantly.

The person authorized to provide additional information:
Director Egle Surpliene
E-mail: [email protected]