We hereby inform that the annual general meeting of "ACBA BANK" OJSC (the Bank) shareholders (the General Meeting), was convened on May 14, 2024, at 3:00 p.m., at the "FOODPARK BY DOWNTOWN" center (address: 11 Admiral Isakov Ave, Yerevan, Armenia), with the physical presence of a limited number of shareholders. Shareholders who were not physically present had the opportunity to participate and vote online or by ballot.

The General Meeting has discussed the following decisions:

1. Decision on distribution of the Bank's 2023 annual profit

It was decided to pay a total of AMD 5,500,000,000 (five billion five hundred million) from the net profit generated as a result of the Bank's activities in 2023 to the Bank's shareholders as annual dividends. This distribution envisages a dividend payment of AMD 1,000 per share, which is AMD 1.1 billion more than the total distributed profit and AMD 200 more than the dividend paid per share compared to the previous year.

Annual dividend payments were made on May 21, 2024, with a one-time monetary transfer, to the shareholders included in the Bank's register of participants as of April 29, 2024, at 3:30 p.m., the day of compiling the participants’ list entitled to take part in the General Meeting in proportion to their participation in the statutory capital.

2. Decision on approving the Bank’s additional share allotment form

It was decided to implement the allotment of up to 485,000 additional common (ordinary) shares by closed subscription, approved by the Board’s decision No. 153-B.7 of April 18, 2024.

3. Decision on terminating the powers of the Board’s current members and appointing new members

• By the decision of the Meeting, the powers Board members Armen Mkrtchyan and Hrach Sargsyan were terminated

• Bernard de Wit was elected as a Board independent member

• Gayane Hayrapetyan was elected as a Board member

Announcement on changes at "Garage Mall" branch

We hereby inform you that the "Garage Mall" branch of "ACBA BANK" OJSC was renamed as "Ajapnyak" branch, and will operate from June 3, at 300 Fuchiki Street 1/1 building, Yerevan.