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

The shareholders of Zhoda Investments AB (publ), corporate identity number 559030-3490 (hereinafter the "Company") are hereby given notice to attend the Annual General Meeting to be held at 15.00 CET on 23 June 2021, at Grev Turegatan 18 (Alpcot), 2nd floor, in Stockholm.

Precautionary measures due to the Corona virus

Due to the Corona virus, Zhoda Investments has decided on the following precautionary measures in connection with the 2021 Annual General Meeting:

· The time for the AGM will be kept short. Registration will start at 14.45

· Participation of members of the Board of Directors, company management and the number of non-shareholders present will be limited

· No consumption will be served

· CEO Robert Karlsson will not make a presentation at the meeting. Instead a press release with an operational and financial update will be issued and made available on the Company's website prior to the AGM

· Please note that none of the items above will limit the rights of the shareholders

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
15 June 2021 and not later than 16 June 2021 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, where appropriate, 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.

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 ample time prior to 15 June 2021.

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

a. adoption of the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet

b. allocation of the company's results in accordance with the adopted balance sheet

c. 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. Resolution regarding authorization for the board of directors to resolve on issue of new shares with preferential rights for shareholders

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 authorized auditing firm WeAudit Sweden AB with responsible 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 - Resolution on authorization for the board of directors to resolve on issue of new shares with preferential rights for shareholders

The board of directors proposes that the annual general meeting authorizes the board, on one or more occasions during the period until next annual general meeting, to decide on issues, with preferential rights for the shareholders, of new shares, warrants and/or convertible debentures in exchange for cash payment and/or with provisions regarding payment in kind or by set-off or otherwise with conditions. The purpose of the authorization is to facilitate the raising of capital for expansion through corporate acquisitions or acquisitions of business assets and for the Company's business. The total number of shares that may be issued pursuant to the authorization shall be a maximum of 391,886,187 shares (15,999,900 A shares and 375,886,287 B shares), which corresponds to 100% of the total number of shares in the company at the time of the annual general 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 391,886,187 shares registered with the Swedish Companies Registration Office (Sw. Bolagsverket), of which 15,999,900 are shares of series A (10 votes/share) and 375,886,287 are shares of series B (1 vote/share). The number of voting rights amount to 535,885,287.

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 2021

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 ventures and drives growth and profitability through active ownership and an entrepreneurial approach. In the coastal region of Dalmatia in Croatia, Zhoda owns and manages Testament Winery and Black Island Winery. Based on indigenous organic grapes and a two thousand year old wine tradition, it is Zhoda's award-winning winemakers' objective to create Croatia's best wine and to become the country's leading exporter of premium wines. The vision is to reach a production of one million bottles per year. The group also holds a 45 per cent interest in the Lelyaki oil field in Ukraine with 2P proven and probable oil reserves of 8 million barrels net to the company. Zhoda Investments is actively pursuing new investments. For more information, visit www.zhodainvestments.com.

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

Zhoda Investments beviljas investeringsbidrag på 15 miljoner kronor för nytt vineri

Zhodas Investments helägda dotterbolag Testament Winery är Kroatiens första svenska vingård. Målet är att skapa Kroatiens bästa vin. Vingården har beviljats ett investeringsbidrag på upp till 15 miljoner kronor för att bygga ett nytt vineri för att öka och effektivisera produktionskapaciteten samt skapa nya intäktsströmmar från gårdsförsäljning och vinprovningar.


Zhoda Investments granted investment subsidy of SEK 15 million for the construction of a new winery

Zhoda Investments' wholly owned subsidiary Testament Winery is Croatia's first Swedish winery. The goal is to create Croatia's best wine. The company has been granted an investment subsidy of up to SEK 15 million for the construction of a new winery designed to increase and optimize production capacity and create new revenue streams from sales and tastings at the winery.




Zhoda Investments lämnar en operativ uppdatering

Inför dagens årsstämma lämnar Zhoda Investments ("Zhoda") en operativ uppdatering. Världens ekonomier stabiliseras och steg för steg har resande och restaurangnäringen börjat återgå till det normala, vilket ger väsentligt bättre marknadsvillkor för Zhodas verksamheter. Vinverksamheten redovisar en kraftigt ökad försäljning och dagens oljepris på över 70 dollar per fat ger gynnsamma förutsättningar för oljeverksamheten.


Zhoda Investments announces an operational update

Ahead of today's Annual General Meeting, Zhoda Investments ("Zhoda") announces an operational update. The world economy has stabilized and international travel and the restaurant sector are step-by-step returning to levels that existed prior to the pandemic, which results in significantly improved market conditions for Zhoda's operations. The wine operations continue to show strong growth and today's oil price of over 70 dollars per barrel provides a healthy platform for the oil operations.


Zhoda Investments publicerar årsredovisning

Zhoda Investments ("Zhoda") publicerar idag årsredovisningen för 2020.


Zhoda Investments publishes its annual report

Zhoda Investments ("Zhoda") publishes its annual report for 2020.


Kallelse till årsstämma i Zhoda Investments AB (publ)

Aktieägarna i Zhoda Investments AB (publ), organisationsnummer 559030-3490 (nedan "Bolaget") kallas till årsstämma den 23 juni 2021 kl. 15.00 på Grev Turegatan 18 (Alpcot), 2 tr i Stockholm.


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

The shareholders of Zhoda Investments AB (publ), corporate identity number 559030-3490 (hereinafter the "Company") are hereby given notice to attend the Annual General Meeting to be held at 15.00 CET on 23 June 2021, at Grev Turegatan 18 (Alpcot), 2nd floor, in Stockholm.


Zhoda Investments lämnar en operativ uppdatering från vinverksamheten

Zhoda Investments ("Zhoda") lämnar en operativ uppdatering från vinverksamheten i kustregionen Dalmatien i Kroatien.


Operational update from the wine operations

Zhoda Investments ("Zhoda") announces an operational update from the wine operations in the coastal region Dalmatia in Croatia.


Zhoda Investments lämnar operativ uppdatering från oljeverksamheten

Zhoda Investments ("Zhoda") lämnar en operativ uppdatering från oljeverksamheten i Ukraina.


Operational update from the oil operations

Zhoda Investments ("Zhoda") announces an operational update from the oil operations in Ukraine.


Premiär idag för Testament Winerys första vin i Systembolagets butiker

Idag lanseras Testament Winerys första vin på hyllan. När Systembolaget skulle välja ut ett kroatiskt vin att sälja i 123 butiker vann The Dalmatian Dog. Detta är ett viktigt steg för Testament Winery att nå sitt mål - att skapa Kroatiens bästa vin.


First launch of Testament's wine at Systembolaget

Today Testament Winery is launching its first wine at Systembolaget. When the state monopoly selected a Croatian wine to be sold in 123 stores in Sweden, The Dalmatian Dog was chosen. This is an important milestone for Testament in reaching its goal - to create Croatia's best wine.


Medaljregn över Testament Winery

När världens största vintävling Decanter World Wine Awards nyligen avgjordes blev det storslam för Testament Winery. Ingen kroatisk vingård fick fler medaljer. Detta är ett stort erkännande för bolagets vinmakare och ett viktigt steg i målet att skapa Kroatiens bästa vin.


Decanter gold medals to Testament Winery

Testament Winery received more medals than any other Croatian winery when the results from the Decanter World Wine Awards, the world's largest and most influential wine competition, were announced. Judged by the top wine experts from around the globe, this is a huge recognition for the company's winemakers and an important step in reaching the objective of creating Croatia's best wine.


Operativ uppdatering från vinverksamheten

Zhoda Investments ("Zhoda") lämnar en operativ uppdatering avseende vinverksamheten belägen i kustregionen Dalmatien i Kroatien. Pandemin i världen har minskat resandet och inneburit en lägre aktivitet i restaurangnäring. Bolagets har trots detta hittills i år sålt lika många flaskor som för helåret 2019. Det varma vädret med låg nederbörd har inneburit en lägre skörd än tidigare år, men kvaliteten på druvorna är mycket hög och 2020 bedöms kunna ge den bästa årgången i bolagets historia. Att Testaments viner nyligen belönades med flera ädla medaljer i världens största vintävling Decanter är ett fint erkännande för bolagets vinmakare.


Operational update from the wine operations

Zhoda Investments ("Zhoda") announces an operational update on the wine operations located in the coastal region of Dalmatia in Croatia. The outbreak of the pandemic has led to a decrease in international travel as well as lower activity in the restaurant sector. Despite this the company has managed to sell as many bottles to date in 2020 as for the full year 2019. The warm weather with little rain has led to a lower harvest compared to previous years, but the quality of the grapes is very high and 2020 has the potential to become the best vintage in the company's history. Testament's wines were recently awarded with several gold medals in Decanter, the world's largest wine competition, demonstrating the high level of expertise of the company's winemakers.


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