Notice of annual General Meeting of Inter Cars S.A

The Management Board of Inter Cars S.A. (the “Company”), having its registered office in Warsaw and acting pursuant to Articles 395, 399.1, 402¹.1–2 and 402² of the Commercial Companies Code of 15 September 2000, hereby gives notice that an Annual General Meeting of the Company (the “AGM”) will be held at 13:00 hrs (CEST) on Tuesday, 10 June 2025 in the conference suite on the third floor of Tower B, ul. Zgrupowania AK “Kampinos” 15, 01-943 Warsaw, Poland.

Agenda:

1. Opening of the AGM.
2. Election of the Chair of the AGM.
3. Confirmation that the AGM has been duly convened and is capable of adopting resolutions.
4. Adoption of the agenda.
5. Consideration of, and resolution on, the Directors’ Report on the operations of the Inter Cars Group for the financial year 2024, together with the Management Board’s Report on the Operations of the Company for the same period.
6. Consideration of, and resolution on, the standalone financial statements of the Company for the financial year 2024.
7. Consideration of, and resolution on, the consolidated financial statements of the Inter Cars Group for the financial year 2024.
8. Consideration of, and resolution on, the Supervisory Board Report for 2024, including the evaluations required by the Best Practice for GPW-Listed Companies 2021.
9. Resolution on the allocation of the Company’s profit.
10. Granting of discharge to the members of the Management Board for the performance of their duties in 2024.
11. Granting of discharge to the members of the Supervisory Board for the performance of their duties in 2024.
12. Advisory vote on the “Report on Remuneration of the Management Board and the Supervisory Board of Inter Cars S.A.”.
13. Resolution determining the number of members of the Supervisory Board for the new term of office.
14. Resolutions on the appointment of members of the Supervisory Board for the new term and on the designation of the Chair of the Supervisory Board.
15. Resolution on the appointment of the audit firm to provide assurance on the Group’s sustainability reporting for the financial year 2025.
16. Resolution on amendments to the Remuneration Policy for the Management Board and Supervisory Board of Inter Cars S.A.
17. Resolution on the adoption of a long-term incentive programme for key managers of the Inter Cars Group for 2025–2027.
18. Resolution on the establishment of a variable remuneration component for the Inter Cars Group’s senior management.
19. Resolution authorising the Management Board to acquire the Company’s own shares (share buy-back).
20. Resolution on the conditional share-capital increase through the issue of Series H shares with the disapplication of pre-emptive rights, the issue of subscription warrants conferring rights to subscribe for Series H shares with pre-emptive rights disapplied, the application for admission of the Series H shares to trading on the regulated market operated by the Warsaw Stock Exchange, and the related consequential amendments to the Articles of Association of the Company
21. Resolutions amending the Articles of Association.
22. Resolution adopting a consolidated text of the Articles of Association.
23. Closing of the AGM.

Pursuant to Article 406¹ of the Commercial Companies Code, the right to participate in the General Meeting applies only to persons who are Company shareholders 16 days prior to the date of the General Meeting, i.e. on 25 May 2025 (the “Record Date”), provided they request the entity keeping their securities account to issue a certificate to their name confirming the holder’s right to participate in the General Meeting, in the period from the date of the notice convening the General Meeting to the first weekday following the Record Date, i.e. by 26 May 2025.

The list of shareholders entitled to participate in the General Meeting will be determined on the basis of a record provided by the entity operating the depository for securities, i.e. Krajowy Depozyt Papierów Wartościowych S.A. (the Central Securities Depository of Poland). The entity operating the depository for securities draws up the record on the basis of records submitted by entities authorised pursuant to the laws and regulations applicable to trading in financial instruments, such records to be submitted no later than twelve days prior to the date of the General Meeting. The records submitted to the entity operating the depository for securities are drawn up on the basis of certificates confirming the right to participate in the General Meeting.

Lista akcjonariuszy uprawnionych do udziału w Zgromadzeniu zostanie wyłożona w biurze Spółki w Warszawie, przy ul. Zgrupowania AK „Kampinos” 15 Wieża A (01-943), w godzinach od 9:00 do 16:00, przez trzy dni powszednie przed odbyciem Zgromadzenia, tj. w dniach 5–6 i 9 czerwca 2025 roku.

The list of shareholders entitled to attend and vote at the General Meeting will be available for inspection at the Company’s offices, ul. Zgrupowania AK “Kampinos” 15, Tower A, 01-943 Warsaw, between 09:00 and 16:00 hrs (CEST) on the three business days immediately preceding the AGM, namely 5–6 and 9 June 2025. Any shareholder of the Company may, free of charge, request that the list of shareholders be sent to them by electronic means – either to their designated e-delivery address or by e-mail – provided they supply the address to which the register should be dispatched. Shareholders may submit such a request by sending an email to [email protected]. If a shareholder who makes such a request is not included in the list of shareholders entitled to participate in the General Meeting, the Company may require the shareholder to provide documents confirming their status as a shareholder in the Company as at the date of the request.

Shareholder or shareholders representing at least one-twentieth of the Company’s share capital are entitled to:

• request that certain matters be placed on the agenda of the General Meeting; such request should be submitted to the Company’s Management Board at least twenty one days prior to the date of the General Meeting, i.e. by 20 May 2025; the request should contain an explanatory note or a draft resolution concerning the proposed agenda item; shareholders may submit the request by email sent to [email protected].
• propose draft resolutions regarding any matters placed or to be placed on the agenda of the General Meeting, such draft resolutions to be submitted prior to the date of the General Meeting, in writing or via email sent to: [email protected].

During the General Meeting, every shareholder may submit draft resolutions concerning matters placed on the agenda.

When communicating with the Company, a shareholder exercising these rights should attach to their request a deposit certificate issued by an appropriate entity, confirming that the shareholder holds a relevant number of shares in the Company’s capital entitling them to submit the request or draft resolution (paper copy/scan). Additionally, in the case of shareholders who are legal persons or other entities whose representation requires that relevant documents be presented, the originals or copies of such documents must be attached to the request. The requirement to present/enclose the documents specified above applies to shareholders who submit their requests in writing as well as to shareholders who submit their requests electronic form. Determination whether a request or proposed draft resolution was sent by the required deadline will be made based on the date of its receipt by the Company, and where such requests are sent by email – based on the date of entry of the request in the Company’s electronic mail system.

Any shareholder of the Company may raise questions on any item of business included in the agenda of the General Meeting.

A shareholder who is a natural person may participate in the General Meeting and exercise voting rights in person or through a proxy. A shareholder who is not a natural person may participate in the General Meeting and exercise voting rights through a person authorised to make declarations of will on the shareholder’s behalf or through a proxy. The power of proxy should be made in writing or in electronic form. A power of proxy in electronic form does not require a qualified electronic signature. Where a proxy is granted in electronic form, the shareholder must notify the Company by e-mail to [email protected] no later than 9 June 2025.

To enable identification of shareholders granting powers of proxy in electronic form, the following documents should be attached to the notification:

• for a shareholder who is a natural person – a copy of their identity card, passport or another official identity document; or
• for a shareholder who is not a natural person – a copy of the valid entry in the relevant register or another document confirming the authorisation of a natural person(s) to represent the shareholder at the General Meeting (e.g. a complete sequence of powers of proxy).

Should any doubts arise as to the validity of the documents specified above, the Management Board reserves the right to request that the following documents be presented by the proxy at the time of registering attendance:

• for a shareholder who is a natural person – a copy of their identity card, passport or another official identity document, certified as true by a notary public or another authorised entity; or
• for a shareholder who is not a natural person – a copy of the valid entry in the relevant register or another document confirming the authority of a natural person(s) to represent the shareholder at the General Meeting (e.g. a complete sequence of powers of proxy), certified as true by a notary public or another authorised entity.

To enable identification of the proxy, the Management Board reserves the right to request that the following documents be presented by the proxy at the time of registering attendance:

• for a proxy who is a natural person – their identity card, passport or another official identity document; or
• for a proxy who is not a natural person – a copy of the valid entry in the relevant register or another document confirming the authority of a natural person (natural persons) to represent the shareholder at the General Meeting (e.g. a complete sequence of powers of proxy), as well as the original or the copy of an identity card, passport, or another official identity document of a natural person (natural persons) authorised to represent the proxy at the General Meeting. The copies of the documents need to be certified as true by a notary public or any other authorised entity.

The proxy vote form and the form of written voting instruction for the proxy referred to in Article 4023.1.5 of the Commercial Companies Code may be provided by the Company at a shareholder’s request sent to ul. Zgrupowania AK “Kampinos” 15 Tower A, 01-943 Warsaw. The Company will send the forms by post, free of charge. It is not obligatory to use the proxy forms referred to above to grant powers of proxy.

Shareholders are also advised that if a shareholder grants a power of proxy along with a voting instruction, the Company will not verify whether the proxy exercises the voting rights in line with the instructions received from the shareholder. Therefore, the voting instructions should be given only to the proxy.

The Company enables its shareholders to participate in the General Meeting by electronic means of communication. The terms and conditions of participation in the General Meeting by electronic means are set out in an appendix to this notice.

nformation on how to take the floor during the General Meeting and how to exercise voting rights by electronic means of communication is provided in an appendix to this notice.

The Company does not provide for the possibility of exercising voting rights by postal ballot.

The Company will use its best endeavours to ensure that the participation of shareholders and their proxies in the General Meeting by electronic means proceeds smoothly, but will not be held liable for any faults, failures or communication problems which may arise in the Internet connectivity or as a result of failure by a shareholder or the shareholder’s proxy to meet the technical requirements necessary for such participation in the General Meeting.

A person entitled to participate in the General Meeting may obtain the full text of the documentation to be submitted to the General Meeting, including draft resolutions or − if no resolutions are to be passed − comments of the Company’s Management Board and Supervisory Board on matters placed or to be placed on the agenda, prior to the scheduled date of the General Meeting by accessing the Company’s website at: http://inwestor.intercars.com.pl/ in the About the Group/General Meeting of Shareholders tab and at the Company’s offices in Warsaw at ul. Zgrupowania AK “Kampinos” 15, Tower A (01-943 Warsaw), on business days, between 9.00 am−4.00 pm until the date of the General Meeting.

Persons entitled to participate in the General Meeting are requested to register and collect their voting cards directly at the entry to the General Meeting’s venue thirty minutes before the beginning of the General Meeting.

Information on the General Meeting will be published on the Company’s website at: http://inwestor.intercars.com.pl/ in the About the Group/General Meeting of Shareholders tab.

The Company reserves the right to consider any correspondence concerning the General Meeting sent by shareholders by electronic means only if it has been sent to the address specified in this notice, i.e. [email protected].

Risks related to the use of electronic means of communication by a shareholder are borne by the shareholder.

The Company’s Management Board announces that any matters not provided for in this notice are governed by applicable provisions of the Commercial Companies Code and the Company’s Articles of Association, and requests the shareholders to read these regulations.

Legal basis
Article 17(1) of MAR − Inside information