Decisions from the Supervisory and Management board sessions

The meetings of the Management Board and the Supervisory Board of Tankerska Next Generation Inc. were held on 30 April 2019.

Supervisory Board considered and adopted the Financial statements for the year ended 31 December 2018 together with Independent auditor's report, and the Annual Company status report.

Financial statements were audited by Deloitte Ltd., and the auditor stated that the financial statements present in all material respects a fair financial position of TNG, as of 31 December 2018, financial performance, changes in equity, and cash flows for the year 2018, in accordance with International Financial Reporting Standards as adopted by the European Union.

The Management Board proposed, and the Supervisory Board adopted a decision about the proposal regarding 2018's profit distribution which will be proposed to the General Assembly.

Net profit of Tankerska Next Generation Inc. for the year ending with 31 December 2018 is HRK 6,284,497.84. The proposal to the General Assembly is that a part of net profit in the amount of HRK 6,284,497.84 shall be paid out as dividend to shareholders, in the gross amount of HRK 0.60 per share. A part of net profit in the amount of HRK 314,224.89 shall be allocated to mandatory reserves, and a part of the net profit in the amount of HRK 5,970,272.95 shall be allocated to retained earnings.

Furthermore, on the aforementioned session the Supervisory board considered and adopted the unaudited financial statements for the first three months of 2019.