Uztel S A : Current Report

UZTEL S.A.

OILFIELD EQUIPMENT MANUFACTURING AND REPAIRS

243 MIHAI BRAVU St., code 100410, PLOIESTI , PRAHOVA-ROMANIA Phone: + 40(0)372/441111; Fax: [phone]; E-mail:[e-mail]

FISCAL CODE RO1352846 , R.C. PLOIESTI NO. J29/48/1991; web site: www.uztel.ro

To,

Finance Supervisory Authority

Bucharest Stock Exchange

CURRENT REPORT

under FSA Rule number 5/2018

Date of report: 0 6 . 1 2 . 2 0 2 1

Name of the company: U Z T E L S . A .

Headquarters: P l o i e s t i , M i h a i B r a v u n r . 2 4 3 , P r a h o v a C o u n t y

Nu Phone /fax nmb.: 0 3 7 2 - 4 4 1 . 1 1 1 / 0 2 4 4 - 5 2 1 . 1 8 1

Tax registration code: RO 1352846

Registered business number with Trade Register: J 2 9 / 4 8 / 1 9 9 1

Subscribed and paid share capital: 13.413.647,50 l e i

Regulated market trading issued securities: Bucharest Stock Exchange

Important event to report:

Decision no. 3 dated 06.12.2021 of the Ordinary General Meeting of the Shareholders of UZTEL SA Ploiesti

The Ordinary General Meeting of Shareholders of UZTEL S.A., a joint stock company established and operating in accordance with Romanian legislation, having its registered office in Ploiesti, 243 Mihai Bravu st., Prahova county, registered at the Trade Register under no. J29 / 48/1991, unique registration code RO 13524846, having a subscribed and paid-in share capital of 13.413.647,50 lei, divided into 5.365.459 registered shares in dematerialized form with a nominal value of 2,5 lei each,

convened accordingly in compliance with the legal provisions and the provisions of the articles of association of UZTEL S.A., according to the call for the Ordinary General Meeting of Shareholders of the Company, published in the Official Gazette of Romania, Part IV no. 4492/02.11.2021 of and in the newspaper Bursa no. 212 of 02.11.2021, as well as on 29.10.2021 on the company's website at www.uztel.ro, section Shareholders / Current reports 2021,

convened legally and statutorily on 06.12.2021, at 10.00 a.m., in accordance with the provisions required by law and with the provisions of the articles of association of the Company, in the presence of the present or represented shareholders, holding a number of 4.498.434 shares, representing 83,8406 % of the share capital of the Company, representing 83,8406 % of the total voting rights.

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UZTEL S.A.

OILFIELD EQUIPMENT MANUFACTURING AND REPAIRS

243 MIHAI BRAVU St., code 100410, PLOIESTI , PRAHOVA-ROMANIA Phone: + 40(0)372/441111; Fax: [phone]; E-mail:[e-mail]

FISCAL CODE RO1352846 , R.C. PLOIESTI NO. J29/48/1991; web site: www.uztel.ro

DECIDED THE FOLLOWING:

1. Approves the revocation of the mandate of the financial auditor ECOTEH EXPERT SRL Bucharest, starting with 06.12.2021.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows: - 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

2. Approves the appointment as financial auditor of UZTEL S.A. Ploiesti of LEXEXPERT AUDIT S.R.L., having its registered office in Galaţi, str. Arcaşilor, no. 13, registered at the

Trade Register under no. J17/11/2011, unique registration code RO 27883213, having the authorization no. 1047/2011 issued by the Romanian Chamber of Financial Auditors, as well as establishing the duration of the financial audit contract at 3 years, respectively for the financial years 2021, 2022 and 2023.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows: - 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

3. Approves the date of: (i) 23.12.2021 as the Date of registration, according to art. 86 para.

(1) of Law no. 24/2017; (ii) 22.12.2021 as Date "ex date", according to art.2 par. (2) letter l) of Regulation no. 5/2018.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows: - 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

4. Mandates the Chairman of the Board of Directors, Mr Hagiu Neculai to sign the resolutions of this OGMS and to carry out all the legal formalities necessary for the registration and enforcement of the adopted decisions, as well as to grant to Mr Hagiu Neculai the right to delegate another person to perform the aforementioned formalities

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UZTEL S.A.

OILFIELD EQUIPMENT MANUFACTURING AND REPAIRS

243 MIHAI BRAVU St., code 100410, PLOIESTI , PRAHOVA-ROMANIA Phone: + 40(0)372/441111; Fax: [phone]; E-mail:[e-mail]

FISCAL CODE RO1352846 , R.C. PLOIESTI NO. J29/48/1991; web site: www.uztel.ro

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows:

• 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

Chairman of the Board of Directors,

Hagiu Neculai

Decision no. 4 dated 06.12.2021 of the Extraordinary General Meeting of the Shareholders of UZTEL SA Ploiesti

The Extraordinary General Meeting of the Shareholders of UZTEL S.A., a joint stock company established and operating in accordance with Romanian legislation, having its registered office in Ploiesti, 243 Mihai Bravu st., Prahova county, registered at the Trade Register under no. J29 / 48/1991, unique registration code RO 13524846, having a subscribed and paid-in share capital of 13.413.647,50 lei, divided into 5.365.459 registered shares in dematerialized form with a nominal value of 2,5 lei each,

convened accordingly in compliance with the legal provisions and the provisions of the articles of association of UZTEL S.A., according to the call for the Extraordinary General Meeting of Shareholders of the Company, published in the Official Gazette of Romania, Part IV no. 4492/02.11.2021 of and in the newspaper Bursa no. 212 of 02.11.2021, as well as on 29.10.2021 on the company's website at www.uztel.ro, section Shareholders / Current reports 2021,

convened legally and statutorily on 06.12.2021, at 11.00 a.m., in accordance with the provisions required by law and with the provisions of the articles of association of the Company, in the presence of the present or represented shareholders, holding a number of 4.498.434 shares, representing 83,8406 % of the share capital of the Company, representing 83,8406 % of the total voting rights.

DECIDED THE FOLLOWING:

1. Approves the completion of the object of activity of the Company, with the following activity corresponding to the NACE code Rev.2: 3511 - Production of electricity, and consequently the modification of chapter II, art. 5 of the Articles of Association of the Company.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

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UZTEL S.A.

OILFIELD EQUIPMENT MANUFACTURING AND REPAIRS

243 MIHAI BRAVU St., code 100410, PLOIESTI , PRAHOVA-ROMANIA Phone: + 40(0)372/441111; Fax: [phone]; E-mail:[e-mail]

FISCAL CODE RO1352846 , R.C. PLOIESTI NO. J29/48/1991; web site: www.uztel.ro

The votes cast were recorded as follows:

• 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

2. Approves the Articles of Association of the Company, in updated form, taking into account the completion of the object of activity of the Company with the NACE code Rev.2: 3511 Production of electricity.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows: - 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

3. Empowers Mr. Anghel George Marinelo, as General Manager of the Company, to sign the Articles of Association of UZTEL S.A. Ploieşti, in updated form.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows: - 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

4. Approves the sale in principle of the land asset with an area of 4,687 sqm consisting of 3 (three) Lots with cadastral numbers 125567, 125566 and 125565 and the constructions related to the land, respectively Post Trafo - 125567 C1, School Workshop - 125567 C2, Metal Warehouse - 125567 C3 (advanced degree of physical and moral degradation), Pig Warehouse - 125566 C1 (advanced degree of physical and moral degradation) and Pig Speakers - 125566 C2 (advanced degree of physical and moral degradation). The sale price of the land with an area of 4,687 sqm is 14 Euro / sqm without VAT. The sale price of the constructions related to the land will be according to the Evaluation Report prepared by the authorized evaluator.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows: - 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"

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UZTEL S.A.

OILFIELD EQUIPMENT MANUFACTURING AND REPAIRS

243 MIHAI BRAVU St., code 100410, PLOIESTI , PRAHOVA-ROMANIA Phone: + 40(0)372/441111; Fax: [phone]; E-mail:[e-mail]

FISCAL CODE RO1352846 , R.C. PLOIESTI NO. J29/48/1991; web site: www.uztel.ro

-0 "unexpressed" votes

A number of 0 votes have been canceled.

5. Approves the date of: (i) 23.12.2021 as the Registration Date, according to art. 86 para. (1) of Law no. 24/2017; (ii) 22.12.2021 as "Ex date", a ccording to art. 2 par. (2) letter l) of Regulation no. 5/2018.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows: - 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

6. Mandates the Chairman of the Board of Directors, Mr. Hagiu Neculai, to sign the decisions of this EGMS and to perform all legal formalities necessary for the registration and application of the adopted decisions, as well as granting Mr. Hagiu Neculai the right to delegate another person to perform the aforementioned formalities.

In the presence of shareholders representing 83,8406 % of the share capital and 83,8406 % of the total voting rights, this item is adopted with 4.498.434 votes representing 100 % of the total votes held by the shareholders present or represented.

The votes cast were recorded as follows: - 4.498.434 votes "for"

-	0 votes "against"
-	0 votes "abstaining"
-	0 "unexpressed" votes

A number of 0 votes have been canceled.

Chairman of the Board of Directors,

Hagiu Neculai

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