KDM Shipping Public : Current report 05

Current report 05/2018

Date: 14.02.2018

RESOLUTIONS ADOPTED ON THE ANNUAL GENERAL MEETING OF KDM SHIPPING PUBLIC LIMITED(THE "COMPANY")HELD ON 14 FEBRUARY, 2018

KDM Shipping Public Limited (the "Company") informs that all resolutionsof the Annual General Meeting of the Company which was held on 14 February 2018 at the conference room"Boardroom" of Hyatt Regency Kiev at 5, Alla Tarasova Street, 01001, Kiev, Ukraineat 10:15 a.m. (EEST)(the "General Meeting"),were adopted substantially in the wording as proposed in Draft Resolutions to Annual General Meeting of KDM Shipping Public Limited

In accordance with the provisions of the law of 24 May 2011 implementing the Directive 2007/36 EC of the European Parliament and of the Council of 11 July 2007 on the exercise of certain rights of shareholders of listed companies, we hereby inform you that the following resolutions were adopted during the General Meeting:

• (i)After consideration of the consolidated audited financial statements of the Company for the year ended 31 December 2016, the reports of the directors and the auditors for the same periods, the shareholders accepted and approved the consolidated audited financial statements of the Company for the year ended 31 December 2016.

• (ii)That Mr. Kostiantyn Molodkovets was hereby re-elected as the Director of the Company.

• (iii)That Mr. Denys Molodkovets was hereby re-elected as the Director of the Company.

• (iv)Having considered the Remuneration Report of the Board of Directors, the remuneration of the members of the Board of Directors was fixed as follows:

  • (i) Mr. Kostiantyn Molodkovets - USD 19,500 per year;

  • (ii) Mr. Denys Molodkovets - USD 17,500 per year.

• (v)That the reappointment of KPMG Limited as the independent auditors of the Company was hereby approved and the Board of Directors was hereby authorized to fix the remuneration of KPMG Limited.

• (vi)That the recommendations of the Board of Directors that dividends for the year ended 31 December 2016 will not be paid and that the profit for the respective year is retained.

Legal grounds: art. 56 Sections 1 and 6 of the Polish Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies of 29 July 2005 (as amended), in conjunction with Cyprus Companies Law Cap. 113 (as amended)