Minutes of Annual General Meeting 2019

Company Announcement No. 05/2019

Copenhagen, 23 April 2019

The Annual General Meeting of Athena Investments A/S was held today.

The shareholders at the General Meeting adopted the Board of Directors’ report on the activities, the Annual Report for 2018 and the distribution of the result for the year as proposed in the Financial Statements. The dividend will amount to DKK 3.094 (EUR 0.414) per outstanding share.

The Board of Directors’ authorisation to let the Company acquire own shares was extended until the next annual general meeting.

The shareholders at the General Meeting adopted the updated Guidelines for Incentive Pay to the Board of Directors and the Management Board of Athena Investments and consequently approved to update the last sentence of article 19 of the articles of association.

Peter Høstgaard-Jensen, Sigieri Diaz della Vittoria Pallavicini, Jean-Marc Janailhac, Michèle Bellon and Valerio Andreoli Bonazzi were re-elected to the Board of Directors.

The Board of Directors subsequently elected Peter Høstgaard-Jensen as its Chairman and Sigieri Diaz della Vittoria Pallavicini as its Deputy Chairman.

The shareholders at the General Meeting adopted the proposal of the annual remuneration of the Board of Directors for 2019 to be allocated on the basis of the following amounts:

Fee to the chairman:                        EUR 60,000

Fee to the deputy chairman:             EUR 50,000

Fee to each ordinary board member: EUR 30,000

The shareholders re-appointed Ernst & Young as the Company’s auditors.

The Board of Directors

Contact:

Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel:

Alessandro Reitelli, CEO, Tel:

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