The information contained in this announcement will remain available at Petrol d.d., Ljubljana’s website www.petrol.si for at least 5 years from the date of publication.

Petrol d.d., Ljubljana hereby provides clarification to items of Resolution 6. “The PETG share split” adopted at the 34th General Meeting of Shareholders of Petrol d.d., Ljubljana held on 21 April 2022.

The Petrol share is traded on the Prime Market under the symbol PETG; it has been listed on the Ljubljana Stock Exchange since 5 May 1997. The share capital of Petrol d.d. Ljubljana in the amount of EUR 52,240,977.04 is divided into 2,086,301 ordinary registered no-par value shares. Among the shares listed on the Prime Market, the price of the PETG share is the highest. As proposed by the Management Board and Supervisory Board of the Company, the 34th General Meeting of Shareholders of Petrol d.d., Ljubljana adopted a resolution on the PETG share split in the 1:20 split ratio, meaning that with the amendment to the Articles of Association and the split, the total number of shares will increase by 20-times from the current 2,086,301 to 41,726,020. After the PETG share split, the share capital of Petrol d.d., Ljubljana in the amount of EUR 52,240,977.04 will stay the same.

By splitting the PETG share, Petrol d.d., Ljubljana wants to increase the liquidity of shares and attract new investors by enabling minor investors to purchase and trade in PETG shares more easily.

The amendment to the Articles of Association regarding the PETG share split shall enter into effect on 19 August 2022. The Management Board of the Company will execute the PETG share split in accordance with the General Meeting resolution after the effective date of the resolution on the amendment to the Articles of Association, by entering the amendment of the Articles of Association into the Court Register of Companies and implementing a corporate action and the stipulated procedures in the Central Book-Entry Securities Register at KDD d.o.o. and Ljubljanska borza, d.d., Ljubljana.

In accordance with Resolution 6.4 adopted at the 34th General Meeting, the PETG share split procedures will commence on 19 August 2022. The shareholders will be informed on the decisive dates concerning the PETG share split via announcement to KDD members, the LJSE’s SEOnet system and Petrol’s website.

How will the share split procedure be performed for holders of PETG shares?

Once all the necessary preliminary procedures are completed, the PETG shares will be split, with the issuer’s corporate action, on the accounts of the persons who, based on the status of entries at information system closing, are entered in the Central Register as holders of PETG shares as at the record date.

Do holders of PETG shares need to do anything in the share split procedure?

• The PETG share split will be implemented automatically for holders of shared via KDD d.o.o. in the Central Book-Entry Securities Register.
• Holders of PETG shares will not need to pay anything for the shares obtained based on the PETG share split.
• The costs related to the PETG share split will not be charged to holders of PETG shares.
• The share split itself has no tax implications since this is a corporate action based on which the asset value in the form of PETG shares does not change.

Presentation of share split effects on an example of 10 PETG shares and the close price as at 20 April 2022:

Petrol d.d., Ljubljana will notify its shareholders and the wider audience about the share split via announcement to KDD members, the LJSE’s SEOnet system and Petrol’s website.