General Meeting of Shareholders

The Company makes materials for the General Meeting of Shareholders available to shareholders at the Company's offices and, no later than 30 days before the date of the relevant meeting, publishes all necessary materials on the Company's website (previously www.russaquaculture.ru) in the General Meetings of Shareholders section and on the Company's page on the website of the agency authorised to disclose information on the Russian securities market — LLC Interfax — Corporate Information Disclosure Centre.

The Company created a special email address corporate@inarctica.com to which shareholders can send their questions related to the agenda and materials of the General Meeting of Shareholders, as well as questions and proposals to the CEO, Chairman and other members of the Board of Directors of the Company.

The Company has not been held administratively liable for such violations.

The Company's Charter contains an exhaustive list of matters that are within the purview of the General Meeting of Shareholders of the Company.

The procedure for convening and holding the General Meeting of Shareholders is regulated by the Company's Charter, the Regulations on the General Meeting of Shareholders of the Company and the Bank of Russia Regulations No. 660-P on General Meetings of Shareholders dated 16 November 2018.

The Company has the Shareholder Relations Policy in place, which sets out the objectives and principles of shareholder relations, the mechanisms of such relationships and the Company’s obligations to respect the legitimate rights and interests of its shareholders.

Results of the General Meetings of Shareholders held in 2023

The following decisions were taken at the extraordinary General Meeting of Shareholders held on 2 March 2023:

1. To early terminate the powers of the members of the Board of Directors of INARCTICA PJSC.
2. 1. To determine the number of Board members of the Company – eight persons.
   2. To elect the Board of Directors of the Company with the following members:
      • Ilya Sosnov
      • Roman Kascheyev
      • Andrey Marchenko
      • Vladislav Pogulyayev
      • Dmitry Vasilkov
      • Ekaterina Chernova
      • Anna Vasilenko
      • Sayyora Ayupova
3. To approve the new version of the Regulations on the Board of Directors of INARCTICA PJSC.
4. To approve the new version of the Regulations on the General Meeting of Shareholders of INARCTICA PJSC.
5. To approve the Company's making a guarantee transaction, which is a related‑party transaction in accordance with the provisions of the Federal Law “On Joint Stock Companies” and the Company's Charter — conclusion of Supplementary Agreement No. 3 dated 13 January 2023 to the Guarantee Agreement No. 0001‑031/00156/0101 dated 23 June 2021 (hereinafter also referred to as the “Supplementary Agreement”) with Public Joint Stock Company BANK URALSIB (the Bank).

The following decisions were taken at the annual General Meeting of Shareholders held on 30 June 2023:

1. To approve the Annual Report of INARCTICA PJSC for 2022.
2. To approve the annual accounting (financial) statements of INARCTICA PJSC for 2022.
3. 1. Not to distribute the net profit received by the Company by the results of 2022. Not to pay dividends on the Company's ordinary shares based on the results of 2022.

   2. To distribute the Company's profit for the first half of 2023 as follows:

      • To pay dividends of RUB 10.00 per ordinary share in cash to the shareholders of INARCTICA PJSC
      • To recommend that the record date (on which the persons eligible to receive dividends are determined) be 11 July 2023
      • To pay out dividends to shareholders in compliance with the timelines and procedures provided by the applicable Russian Federation laws To leave the remainder of the Company's profits at the Company's disposal
4. To determine the number of Board members of the Company – eight persons

5. To elect the following persons to the Board of Directors of the Company:

   • Sayyora Ayupova
   • Vladimir Alexandrov
   • Anna Vasilenko
   • Dmitry Vasilkov
   • Roman Kascheyev
   • Andrey Marchenko
   • Vladislav Pogulyayev
   • Ekaterina Chernova

6. To approve the following amounts of annual basic remuneration to the Board members:

   • For independent Board members – RUB 3,000,000.00, and an additional RUB 1,000,000.00 for sitting on each Board committee they will serve on
   • for other members of the Board of Directors: RUB 2,500,000.00

7. To approve Business Solutions and Technologies JSC (OGRN: 1027700425444) as the Company's auditor to audit the Company's financial statements prepared under Russian Accounting Standards (RAS) for 2023 and to audit the Company's consolidated financial statements prepared under International Financial Reporting Standards (IFRS) for 2023.

The following decisions were taken at the extraordinary General Meeting of Shareholders held on 12 September 2023.

To distribute the Company's profit for the first quarter of 2023 as follows:

1. To pay dividends of RUB 16.00 per ordinary share in cash to the shareholders of INARCTICA PJSC
2. To recommend that the record date (on which the persons eligible to receive dividends are determined) be 22 September 2023
3. To pay out dividends to shareholders in compliance with the timelines and procedures provided by the applicable Russian Federation laws To leave the remainder of the Company's profits at the Company's disposal

The following decisions were taken at the extraordinary General Meeting of Shareholders held on 29 November 2023.

To distribute the Company’s profit for the first nine months of 2023 as follows:

1. To pay dividends of RUB 19.00 per ordinary share in cash to the shareholders of INARCTICA PJSC
2. To recommend that the record date (on which the persons eligible to receive dividends are determined) be 9 December 2023
3. To pay out dividends to shareholders in compliance with the timelines and procedures provided by the applicable Russian Federation laws To leave the remainder of the Company’s profits at the Company’s disposal

The Company offered its shareholders the possibility to fill in an electronic ballot form for voting at the General Meeting of Shareholders in the Shareholder personal account on the website of the Company's registrar — IRC— R.O.S.T. JSC.

More information on the results of the votes and decisions taken at the general meetings of shareholders during the reporting year can be found on the Company's website.

Except for cumulative voting on the election of the Company's Board members, voting at the General Meeting of Shareholders follows the rule of ‘one voting share — one vote’The Company adheres to the principles set out in the Bank of Russia's Corporate Governance Code, recognises the best international corporate governance practices and does not allow voting of quasi‑treasury shares at general meetings of shareholders..

All decisions at the General Meeting of Shareholders are made by a majority vote of the holders of the Company's voting shares attending the meeting.

Clause 5.17 of the Company's Charter defines the matters to be decided by a qualified majority voting. These include:

• Amending the Company's Charter or approving a new version of the Charter
• Acquiring outstanding shares by the Company in cases provided for by law
• Determining the number, par value, category (type) of authorised shares and the rights conferred by these shares
• Making decisions on the consent or subsequent approval of major transactions in cases provided for by law
• Deciding to apply for delisting of the Company's shares and/or equity‑linked shares, bonds and options of the Company
• Restructuring the Company
• Winding up the Company, appointing a winding‑up board and approving the interim and final liquidation balance sheets

The Company's independent registrar, Joint Stock Company Independent Registrar Company — R.O.S.T. (IRC‑R.O.S.T. JSC), handles the duties of the tabulation commission at the General Meeting of Shareholders.