Amendment to the Articles of Association of GEN-I, d.o.o.

GEN-I, trgovanje in prodaja električne energije, d.o.o. (abbreviated company name: GEN-I, d.o.o.), Vrbina 17, 8270 Krško, hereby informs you that an amendment to the Articles of Association of GEN-I, d.o.o. was adopted at the 66th regular meeting of shareholders, which took place on 12 December 2024, eliminating the obligation of the shareholder GEN energija, d.o.o. to annually dispose of at least 62.5% of annual amount of electricity produced by generation units owned by GEN energija, d.o.o., through GEN-I, d.o.o., as well as all provisions of the Articles of Association related to that obligation.

Proposed by the shareholder GEN, d.o.o., the aforementioned amendment eliminates the exclusivity of GEN-I, d.o.o. – to the extent specified above – which was introduced when the shareholder GEN energija, d.o.o. joined the ownership structure of GEN-I, d.o.o. The Company estimates that given the international development and the volume of operations of both the GEN-I company and the GEN-I Group to date, the aforementioned amendment to the Articles of Association will not have any substantial impact on future operations of the Company.

The amended Articles of Association are available on the AJPES website. The amendment shall enter into force on the day that it is entered in the companies register.

GEN-I, d.o.o.