Report regarding dividends payment for FY2023 En

Report

concerning the payment of dividends for the year 2023

Report date: 27.08.2024

Company Name: COMELF SA

Main Office: Bistrita, no. 4, Industriei str.

Telephone / fax number: 0263/234462 ; 0263/238092

VAT Code: 568656

Registration number with the Trade Register: J06/02/1991

Subscribed and paid-up share capital: 13.036.325,34 lei

The regulated market on which the issued securities are traded: B.V.B.

According to the AGOA Decision of 18.04.2024, COMELF SA announces the payment of the differences in dividends related to the financial year 2023 through Depozitarului Central SA and BRD - Groupe Société Générale - the selected payment agent - starting on September 16, 2024, to the company's shareholders registered in the Register To the shareholders held by Depozitarul Central SA, on the registration date 29.08.2024.

The details regarding the dividend payment methods can be found in the Communiqué attached to this Report.

The announcement regarding the payment of the differences in dividends for the year 2023 is posted on the company's website: www.comelf.ro, in the position: Latest information, starting on August 27, 2024, and can be consulted as well in the link below .

The report is also sent to ASF.

General Manager,

Eng. Cenusa Gheorghe

shareholders starting on 16.09.2024 - "Payment date";

• The costs of dividend payments, regardless of the means of payment, will be borne by the shareholders.

Under the new provisions of the capital market legislation, the payment of the dividends distributed by COMELF SA will be made through the Depozitarul Central and the selected Paying Agent - BRD - Groupe Société Générale.

The methods of dividend payment are as follows:

I. Cash Payments at BRD - Groupe Société Générale counters for individual shareholders:

For the natural persons shareholders, the payment of the dividends will be made in cash, by providing COMELF via the Depozitarul Central company, the due amounts, at the BRD - Groupe Société Générale counters located in the urban and rural environment of the whole country, starting with on the 16.09.2024.

Individual shareholders may go into any BRD - Groupe Société Générale agency, the dividend payment schedule being included in the working hours of the respective units.

Payment of cash dividends at BRD - Groupe Société Générale counters is made only to shareholders who are not represented by the Participant (shareholders highlighted in Section I of the Shareholders' Registry), except those who opt for payment by bank transfer, according to Chap. II of this Notice, as follows:

1. For shareholders, Romanian Residents, showing up in person at the counter, dividends are paid against an identity document with the personal numeric code (CNP). The identification of the shareholder will be based on the information found in the field reserved for the CNP The shareholder whose CNP indicated on the documents presented at the counter does not correspond to the one registered in the records of the Depozitarul Central will contact the latter;
2. For shareholders who are not residents in Romania who will turn-up in person at the counter, dividends will be paid based on the passport whose serial and number must correspond to those in the Depozitarul Central's records;
3. For shareholders who are under 14 years of age, the dividend payment is made to the legal representative, in the case of the tutor / parent of the minor, on the basis of the following documents: the shareholder's birth certificate must have registered CNP + 1 photocopy certified according to the

original (photocopy is retained), the legal document establishing guardianship in the case of a guardian who is not one of the parents + 1 certified photocopy for compliance with the original (photocopy is retained) and the tutor's / parent's identity document + 1 photocopy certified for compliance with the original (photocopy is retained);

1. 1. For the natural persons for whom trusteeship has been established, the payment of the dividends is made through the trustee of that person, on the basis of the following documents: the identity document of the shareholder who must have his/her CNP registered + 1 photocopy certified for compliance with the original (photocopy is retained), - legal document establishing trusteeship +
      1 photocopy certified for compliance with the original (photocopy is retained) and the curator's identity document + 1 photocopy certified for conformity to the original (photocopy is retained);
   2. For shareholders who will not show up in person at the counter but mandate another person for this purpose, the payment of the dividends is made to the empowered person, on the basis of the following documents: the special power of attorney certified by the notary, which confirms the authority to cash-in the dividends issued with no more than 3 years prior to the date of payment + 1 photocopy certified for compliance with the original (photocopy is retained) and the proxy's ID + 1 photocopy certified for compliance with the original (photocopy is retained).
      Documents presented in a foreign language will be accompanied by a legalized translation into Romanian, and if issued by a foreign authority, they must be apostilled or legalized, as the case may be.
      Cash payments will be made within the limit of the amounts provided in the applicable law on the date of payment.
2. Payments by bank transfer (to bank accounts opened in lei with a bank in Romania) for natural and legal persons:

Depozitarul Central is available to all shareholders not represented by the Participants (share holders highlighted in Section I of the Shareholders' Registry) the option of cashing any amount of money due directly by bank transfer, irrespective of the issuer who distributes the money. This option involves the registration of the IBAN code with Depozitarul Central, which may be used to collect more or all of the amounts due to the holders and remain valid for further distributions until notification to the contrary from the shareholder. The registration of the IBAN Code with Depozitarul Central will be charged in accordance with the tariff scale charged to the holders of financial instruments and borne by each individual shareholder. For further details on this payment option, shareholders are kindly requested to contact Depozitarul Central at tel. 021.408.58.41 or by e-mail at dividende@depozitarulcentral.ro

Starting with the date of publication of this Notice, shareholders, natural and legal persons, not represented by the Participant (shareholders highlighted in Section I of the Shareholders' Registry) who wish payment of the dividends to be made by bank transfer, may request and forward to Depozitarul Central in Bucharest documents required for dividends payment, as follows:

1. Shareholders are natural persons, either personally or through a legal or conventional representative, will send to Depozitarul Central the "IBAN Code Collection Form", specifying the bank and account (IBAN Code) opened in the name of the shareholder (available on the Depozitarul Central's website - www.depozitarulcentral.ro), accompanied by:
   - a copy of the valid identity document in which the personal numerical code is legible - certified by the holder "according to the original";
   - an account statement or a document issued by the bank (signed and stamped) confirming the existence of the account in the name of the shareholder, with the specification of the IBAN code, in original;
   - a copy of the documents certifying the the signatory of the application is acting as legal or conventional representative, if applicable - certified by the holder "according to the original".
2. Shareholders who are legal persons, through their legal or conventional representative,will send to Depozitarul Central the "IBAN Collection Form", specifying the bank and the account number (IBAN code) opened in the name of the shareholder (available on the Depozitarul Central's website www.depozitarulcentral.ro), accompanied by:
   - a copy of the Registration Certificate with the Trade Register Office / equivalent entity - certified by the holder "according to the original";

• a copy of the document certifying the quality of the representative of the company (Certificate issued by the Trade Register Office / equivalent entity - for the foreign entities) - confirmed by the holder as "certified true copy";
• a copy of the documents confirming the application's signatory is acting as a conventional representative, if applicable - certified by the holder as a "certified true copy";
• an account statement or a document issued by the bank (signed and stamped) confirming the existence of the account in the name of the holder - the legal person, specifying the IBAN code, in original.
  Documents presented in a foreign language will be accompanied by legalized translation into Romanian, and if issued by a foreign authority, they must be apostilled or legalized, as the case may be.
  Requests for the payment of dividends by bank transfer, together with the above-mentioned documents, will be submitted no later than 06.09.2024 at the address: Depozitarul Central S.A. - Bucharest, sector 1, Soseaua Nicolae Titulescu no. 4-8, America House Building, East Wing, 1st floor, postal code 011141 or will be handed in person at the Depozitarul Central main office.
  Depozitarul Central will verify the payment requests submitted by shareholders, and if the documentation is not complete, it will request completion by contacting the shareholder at the telephone number or e-mail address indicated by him / her in the documents originally submitted.
  Shareholders who are not represented by the Participant who will not submit requests for payment of dividends to a bank account until 06.09.2024 or those whose applications are not complete will be able to cash-in dividends from the BRD - Groupe Société Générale counters in accordance with the procedure described to Chap. I above.

Non-resident shareholders who are not represented by the Participant and who wish to apply the more favourable provisions of the Convention on the Avoidance of Double Taxation concluded between Romania and their country of residence shall forward to the head office of COMELF SA, until 06.09.2024 the certificate of fiscal residence, in original or legalized copy, apostilled / legalized, if necessary, accompanied by the authorized translation in Romanian, the original and the supporting documents containing the contact details (necessary for possible clarifications).

In order to pay the dividends by bank transfer, the shareholders who are non-resident individuals and legal entities will submit, in addition to the fiscal residence certificate (presented in the above conditions), the documents mentioned in Chap. II pt. 1 and 2 above, as the case may be.

For the payment of cash dividends at BRD - Groupe Société Générale counters, nonresident shareholders will submit, besides the fiscal residence certificate (presented in the above conditions), a request for payment of cash dividends and a copy of the passport.

Requests for payment to non-resident shareholders who are not represented by a Participant and who wish to apply the more favourable provisions of the Double Taxation Conventions shall be sent in original to the company's headquarters at: COMELF S.A. no. 4, Industriei str., Bistrita, postal code 420063, Romania.

Payment of dividends on the Payment Date is conditional upon the transmission of all complete and accurate documents and possible clarifications requested until 06.09.2024.

Payment claims submitted after the date of payment will be processed, if the dividends have not been paid, within 10 working days of receiving the complete and correct documentation and any clarifications requested.

1. Payments by bank transfer to participants' accounts

For the natural persons and legal entities that at the date of registration hold shares issued by COMELF as evidenced in Section II of the Shareholders' Register in the account opened with the Participant, the dividends will be paid automatically from the Payment Date (16.09.2024) by bank transfer through the Depozitarul Central, in the accounts of the respective Participants, without submission of any additional documents.

Shareholders / non-residents who have an account with the Participant and wish to apply the more favourable provisions of the Double Taxation Convention concluded between Romania and their country of residence (as defined in the legislation of the EU Member State or one of the EFTA States) will send to COMELF through the Participant, the tax residence certificate for the year in

• COMELF Serv. Financial, tel.0263/234462 / 143, e-mail:financiar@comelf.ro
• Depozitarul Central: tel: 021.408.58.41, e-mail:dividende@depozitarulcentral.ro

We remind the shareholders that any changes in the Shareholders' Registry (changes of name, domicile, inheritance, etc.) are made only by Depozitarul Central SA - with headquarters in Bucharest, sector 1, Soseaua Nicolae Titulescu no. 4-8, America House Building, East Wing, 1st floor, postal code 011141, tel. 021.408.58.41 - at the request of the entitled shareholder / person.

In order to prepare the data base necessary for the payment of dividends, between September 6 and September 15, 2024 the payment of dividends from the previous years and not paid by the shareholders ceases. Payment of dividends, including those paid for previous years, will be resumed as of 16.09.2024.