ORDINARY AND EXTRAORDINARY GENERAL MEETINGS OF JUNE 25, 2024

The Ordinary and Extraordinary General Shareholders’ Meetings of Marsa Maroc – Port Operating Company (Société d’Exploitation des Ports) – were held on June 25th, 2024 at the Company’s corporate headquarters.

The Ordinary General Shareholders’ Meeting, convened at 10:30 a.m., following presentation of the Board of Directors’ management report and the Statutory Auditors’ reports, approved the financial statements for the year ending December 31st, 2023, as presented by the Board of Directors.

The meeting also approved the distribution of a dividend of 8.5 MAD per share. The dividend will be payable starting August 7th, 2024.

The Extraordinary General Shareholders’ Meeting held at 11 a.m., having taken note of the Board of Directors’ proposal to change the Company’s method of administration and management, decided that Marsa Maroc will no longer have a Supervisory Board and Board of Directors, but will henceforth be administered by an Executive Board.

The Extraordinary General Shareholders’ Meeting also decided to transfer the Company’s registered office from its current address to “Angle Boulevard Route d’El Jadida et Rue les Papillons, Casablanca”.

To reflect these changes, the Extraordinary General Shareholders’ Meeting adopted the Company’s new bylaws.

In addition, following the change in the Company’s corporate governance structure to that of a public limited company with an Executive Board, the Annual General Shareholders’ Meeting held at 11:30 a.m. noted the termination of the functions of the members of the Supervisory Board and the members of the Board of Directors, and made the following appointments:

– Mr. Fouad BRINI: Administrator

– Tanger Med Dev Log: Administrator, represented by Mr. Mehdi TAZI RIFFI

– Mr. Mehdi TAZI RIFFI: Administrator

– Ms. Loubna GHALEB: Administrator

– Mr. Anouar EL JABBARI: Administrator

– Mr. Mustapha EL OUAFI: Independent Administrator

– National Agency for Strategic Management of State Participations and Performance Monitoring of State-owned Enterprises (ANGSPE): Administrator, represented by Mr. Khalid EL HATTAB

– The Collective Retirement Benefit Plan: Administrator, represented by Ms. Ouafae MRIOUAH

– Moroccan Pension Fund: Administrator, represented by Mr. Mohammed Jaber KHEMLICHI

– Wafa Insurance: Administrator, represented by Mr. M. Boubker JAÏ

Following the Annual General Shareholders’ Meetings, the Executive Board appointed Mr. Fouad BRINI as Chairman of the Executive Board of Marsa Maroc – a Port Operating Company – and Mr. Tarik EL AROUSSI as Managing Director of the company.