Notice to Annual General Meeting of shareholders in Zhoda Investments AB (publ)

Notification and right to participate

The right to participate at the general meeting vests in a person who: is registered as a shareholder in the share register maintained by Euroclear Sweden AB regarding circumstances pertaining on
13 June 2025 and not later than 17 June 2025 notifies the Company of their intention to participate at the general meeting.

Notice of participation may be given by post to Zhoda Investments AB (publ), Bivägen 12C, 125 58 Älvsjö or by e-mail to [email protected]. The notification should state the name, personal ID or registration number, address, daytime telephone number and shareholding of the shareholder. Authorization documents such as power of attorney and registration certificates should be submitted to the Company prior to the general meeting. Shareholders who wish to be accompanied by one or two assistants may give notice thereof within the time and in the manner applicable to shareholders. A power of attorney form will be made available on www.zhodainvestments.com.

Nominee-registered shares

Shareholders with nominee-registered shares must, in order to be entitled to participate at the general meeting, request that the nominee effects a temporary re-registration (voting right registration) of the shares in the share register kept by Euroclear Sweden AB as of the record date 13 June 2025. A shareholder wishing to register its shares with temporary voting rights in its own name must, in accordance with the nominee's routines, instruct the nominee to do so. Voting right registration that the shareholder has requested and that has been completed by the nominee no later than 17 June 2025 will be accepted in the preparation of the share register.

Proposed agenda

1. Opening of the meeting
2. Election of chairman of the general meeting
3. Preparation and approval of the voting register
4. Election of one or two persons to attest the minutes
5. Determination whether the general meeting has been duly convened
6. Approval of the agenda
7. Presentation of the annual report and auditor's report as well as consolidated financial statements and auditor's report for the group
8. Resolutions regarding
   1. adoption of the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet
   2. allocation of the company's results in accordance with the adopted balance sheet
   3. discharge from liability of the directors and CEO
9. Determination of the numbers of directors/alternate directors and auditors/alternate auditors
10. Determination of fees for the board of directors and the auditors
11. Information regarding appointments held in other companies by candidates for election to the Board of Directors, election of directors as well as auditor and alternate auditor
12. Authorization to the Board of Directors to decide on an issue of shares, warrants and convertibles
13. Closure of the general meeting

Proposed resolutions

Item 8 b - Resolution on allocation of results

The board proposes that no dividend is paid for the financial year.

Item 9-11 - Election of members of the board of directors, chairman of the board and auditor as well as fees

Shareholders representing approximately 50 per cent of the capital propose that the board shall consist of four ordinary members. The shareholders also propose re-election of the board members Björn Bringes, Peter Geijerman, Zenon Potoczny and Katre Saard and that Björn Bringes is re-appointed as chairman of the board.

It is proposed that the company shall have one auditor and no alternate auditor and that the auditor Mikael Köver shall be re-elected.

It is proposed that the general meeting resolves that board fees be paid to the chairman in the amount of SEK 100,000 (unchanged compared to previous year) and SEK 50,000 (unchanged compared to previous year) to each of the other directors with the exception of Zenon Potoczny who is employed in the group. Fees will thus total SEK 200 000. It is proposed that the auditors are paid in accordance with approved invoices.

Item 12 - Authorization to the Board of Directors to decide on the issue of shares, warrants and convertibles

The Board of Directors proposes that the Annual General Meeting authorize the Board of Directors to decide on one or more occasions during the period until the next Annual General Meeting on a new issue of shares, warrants and/or convertible debentures against cash payment and/or with a provision for payment in kind or set-off or otherwise with conditions and to be able to deviate from the shareholders' preferential rights in doing so. The purpose of the authorization and the reason for the deviation from the shareholders' preferential rights is to enable the acquisition of capital for expansion through business acquisitions or acquisition of operating assets and for the Company's operations and the adjustment of the Company's capital and/or ownership structure, including the settlement of the Company's debts.

The increase in share capital, which includes the issuance of, conversion into or new subscription of shares, may correspond to a dilution of a maximum of 25.0 percent in relation to the number of shares in the Company at the time when the authorization is used for the first time in the issue of shares, warrants or convertibles. To the extent that the issue is made with a deviation from the shareholders' preferential rights, the issue shall be made on market terms. The issue supported by the authorization may concern shares of series B.

A resolution according to this point requires, in order to be valid, that the proposal is supported by shareholders representing at least two-thirds (2/3) of both the votes cast at the meeting and the shares represented at the meeting.

Documents

The annual report and board's complete proposed resolutions and documents pursuant to the Swedish Companies Act, will be made available no later than three weeks before the annual general meeting at the Company's office (address above) and will be sent free-of-charge to shareholders who so request and provide their mailing address. The documents will also be made available on the Company's website www.zhodainvestments.com and be available at the general meeting.

Miscellaneous

The Company currently has 914,401,103 shares registered with the Swedish Companies Registration Office (Sw. Bolagsverket), of which 37,333,100 are shares of series A (10 votes/share) and 877,068,003 are shares of series B (1 vote/share). The number of voting rights amount to 1,250,399,003.

If requested by a shareholder and provided that the board deems that it can take place without causing material damage to the company, the board and the CEO shall provide information about circumstances that may affect the assessment of an item on the agenda, circumstances that may affect the assessment of the company's or its subsidiaries' financial situation, and the company's relationship with another company within the group.

Stockholm, May 2025

Zhoda Investments AB (publ)

The Board of Directors

For more information, please contact:

Robert Karlsson, CEO Zhoda Investments AB

+46 709 565 141, [email protected]

www.zhodainvestments.com

About Zhoda Investments
Zhoda Investments invests in selected unlisted European companies and develops them through active ownership and entrepreneurship. In the coastal region of Dalmatia in Croatia, Zhoda owns two wineries, Testament Winery and Black Island Winery. With indigenous organic grapes, two of the country's leading winemakers and a winemaking tradition dating back 2,000 years, the company aims to produce Croatia's best wine and become the country's leading exporter of premium wines. Zhoda also holds a 45% interest in an oil field in Ukraine, with proven and probable (2P) oil reserves of 8 million barrels net to the company. Zhoda actively seeks new investment opportunities. Learn more at www.zhodainvestments.com.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.