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To All Shareholders of Shabelle Bank S.C

Shabelle Bank Share Company will conduct its 3^rd Ordinary General Meeting on December 22, 2024, at 9: 00 AM at the Sultan Odowa Meeting Hall in Jigjiga, and its Board of Directors cordially invites its shareholders or their proxies to attend this meeting, on the specified date, time and place.

Name of the Share Company                             Shabelle Bank S.C.

Type of the Share Company                               Share Company Engaged in Bank Business

Subscribed Capital of the Share Company           1,392,640,000.00

Paid-up Capital of the Share Company                1,392,640,000.00

Registration Number of the Share Company       NBE/TM/025/2021

Head Office Address of the Share Company   Jigjiga City, Kebele 06, Shabelle Business Center, 5^th Floor, Website: https://www.shabellebank.com

Agendas for the 3^rd Ordinary General Meeting

1. Approving the Agendas of the Meeting;
2. Discussing and Approving of the policy and procedure for the Nomination and Election of Board of Directors;
3. Appointing of the Ad hoc Board of Directors’ Nomination and Election Committee;
4. Accepting New Shareholders and Approving the Transfer and Purchase of Existing Shares;
5. Hearing the Report of the Board of Directors for the Year 2016 E.C. and Approving it after Deliberations;
6. Hearing the Report of the External Auditors for the Year 2016 E.C. and Approving it after Deliberations;
7. Hearing the Recommendations Relating to the Allocation and Distribution of Profits of the Budget Year (2016 E.C.) and Passing Resolutions after Deliberations;
8. Discussing and Approving the remuneration for the members of the Board of Directors for the year 2024/25 (2017);
9. Discussing and Approving the monthly allowance for the members of the Board of Directors in the year 2024/25 (2017);
10. Electing Members of Board of Directors of the Bank; and
11. Hearing and Approving the Minutes of the Meeting;

N.B.

• Shareholders who will not be able to attend the meeting personally shall fill and deposit their proxy at the Head Office of the Bank located in Jigjiga, Shabelle Business Center building, 1^st floor, 3 (three) working days before the meeting.
• Shareholders or their proxies shall come to the meeting with their renewed IDs or passport that shows their identity and the fact that they are of Ethiopian nationality or Ethiopian by birth. Shareholders represented by corporate shareholders shall also come up with legally acceptable documents that show their authorization to participate and vote in the meetings.  However, a shareholder cannot appoint more than one agent, and the shareholder cannot also appoint a member of the board of directors of the Bank or an employee of the Bank. An agent cannot represent more than one shareholder.
•   Agents who hold duly authenticated Power of Attorney from a shareholder can participate in the
    meeting by presenting a copy and the original of the Power of Attorney.

Board of Directors

Shabelle Bank S.C.