SOCEP S A : Notice of O&EGSM April 27th/28th.2022

To: Bucharest Stock Exchange

Financial Supervisory Authority

CURRENT REPORT according to ASF Regulation no.5/2018

Date of Report: March 23th 2022

Company Name: SOCEP SA

Headquarter:Constanta, New Port Dana 34 Telephone/Fax: [phone] Tax Rregistration Cod: RO 1870767

Order Number of the Trade Regiseter: J 13/643/1991 Stock Market :BVB, first category, symbol SOCP

Share Capital: 35.399.149 lei divided into 353.991.490 uncertificated registered shares with nominal value of 0.10 lei / share

Event report: convening the O&E GMS for the date of April 27th / 28th2022.

The management of SOCEP S.A. Constanta, registered at the Trade Register Office of

Constanta under no. J13 / 643/1991, CUI RO 1870767, represented by Mr. Dorinel Cazacu - President of the Management Board - in accordance with art. 117 of Law no. 31/1990 republished, convenes:

ORDINARY GENERAL MEETING OF SHAREHOLDERS for April 27th2022 at 11.00 at the company's headquarters in Constanta municipality, Port Nou premises, Dana 34, Constanta county, protocol hall, floor 1, jud.Constanta

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EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS for April 27th2022 at 12.00 at the company's headquarters in Constanta municipality, Port Nou premises, Dana 34, Constanta county, protocol hall, 1st floor, jud.Constanta

At the OGMS and EGMS are entitled to participate and vote the shareholders registered in the register of shareholders at the end of April 15th 2022, the day set as the reference date.

The agenda of

The Ordinary General Meeting of Shareholders is as follows:

• 1. Presentation, discussion and approval of the annual financial statements prepared for the year of 2021.

• 2. Approval of the annual report of the financial year of 2021.

• 3. Presentation of the external audit.

• 4. Presentation and approval of investments made during 2021 and how to finance them.

• 5. Presentation and approval of the Directors' report and grant discharge to the Executive Board for activities in fiscal year of 2021.

• 6. Presentation and approval of the Supervisory Board and grant discharge to the Supervisory Board for activities in fiscal year of 2021.

• 7. Approval of the remuneration report.

• 8. Approval of the income and expenditure and investment program for 2022.

• 9. Approval of the distribution of the net profit of the financial year 2021 in the amount of

  10.803.090,94 lei, as follows: legal reserve - 33.447,31 lei reinvested profit reserve -

  5,608,810.49 lei, undistributed profit - 2,529,540.18 lei, dividend - 2,631,292.96 lei. Approval of the value of the gross dividend per share of 0.0076 lei. Approval of the date of June 06th2022 as the date of payment.

• 10. Appointment of the company's financial auditor for a period of one (one) year, respectively from April 29th 2022 to April 29th 2023.

• 11. Election of the Supervisory Board consisting of 3 (three) members, as a result of reaching the term of office of the current members, for a period of 4 years, starting with June 11th

  2022 to June 11th.2026 and establishing their allowance.

• 12. Approval of May 18th, 2022 as registration date according to Art.87 of Law no. 24/2017 on issuers of financial instruments and market operations.

• 13. Approval of May 17th 2022 as ex-date, according to art.2 of ASF Regulation no. 5/2018.

• 14. Empowering Mrs. Ileana Graur to submit to the Trade Register Constanta decision ordinary general meeting of shareholders and to make the necessary endorsements.

The agenda of

The Extraordinary General Meeting of Shareholders is as follows:

1. Establishment of the following working points:

• 1. Ceremag warehouses, located in Constanţa, Incinta Port, Dana 19, Constanţa county.

• 2. Administrative building, located in Constanţa municipality, Port Precinct, no. 1 (Poarta 2 area), Constanţa county.

• 3. Dana 8, located in Constanta, Incinta Port, Dana 8, Constanța County.

• 4. Dana 22, located in Constanta, Incinta Port, Dana 8, Constanța County.

• 5. Mechanical workshop and garages, located in Port Area, near the administrative headquarters of Navrom SA, Constanta County.

• 6. C23 storage platform, located in Constanţa municipality, Port Precinct, North Sector, Constanţa county.

2. Approval of the date of May 18th 2022 as the registration date according to art. 87 of Law no. 24/2017 regarding the issuers of financial instruments and market operations.

3. Approval of the date of May 17th 2022 as ex-date, according to art. 2 of the FSA Regulation no. 5/2018.

4. The empowerment of Ms. Ileana Graur to submit to the Office of the Constanta Trade Register the decision of the extraordinary general meeting of shareholders and to make the necessary mentions.

If, on April 27th 2022, the quorum conditions provided by law are not met, the second meeting will take place on April 28th 2022 at the same time and in the same place, the agenda remaining unchanged.

The deadline for submitting technical and financial offers for the financial auditor is Aprilie 15th2022, 15.00.

Candidates for the position of administrator will be nominated by the current members of the Supervisory Board or by the shareholders, according to art. 1536 paragraph 2 of Law no.31/1990R with subsequent amendments and completions, until no later than April 15th2022, 15.00. The list containing information on the name, place of residence and professional qualification of the persons proposed for the position of administrator is available to shareholders on the company's website atwww.socep.ro, and can be consulted and completed by them.

One or more shareholders representing, individually or together, at least 5% of the share capital have the right to introduce new items on the agenda, provided that each item is accompanied by a justification or a draft decision proposed for adoption. .

The proposals regarding the introduction of new items on the agenda, accompanied by copies of the identity documents of the shareholders, called Initiators, can be submitted at the headquarters of SOCEP SA until April 08th 2022, 16.00, closing time of the company's program, in a sealed envelope, with the statement clearly written: "For the OGMS / EGMS of April 27th/28th 2022", or sent by e-mail with extended electronic signature incorporated according to Law No. 455/2001 on electronic signatures, until April 08th2022 at 16:00, at the [e-mail] the subject "For the OGMS / EGMS from April 27th/28th 2022".

Proposals regarding the introduction of new items on the OGMS / EGMS agenda must be accompanied by copies of the identity documents of the Initiators (bulletin / identity card in the case of individuals, respectively the registration certificate in the case of legal entities, account statement from which to result in the quality of shareholder and the number of shares held) being necessary, also, for each point to have a justification or a draft decision proposed for adoption by the OGMS / EGMS.

One or more shareholders representing, individually or together, at least 5% of the share capital have the right to present draft decisions for the items included or proposed to be included on the agenda of the meeting.

Draft decisions for the items included or proposed to be included on the agenda of the OGMS / EGMS, accompanied by copies of the identity documents of the Initiators (bulletin / identity card in case of individuals, respectively registration certificate in case of legal entities, extract from which to result the quality of shareholder and the number of shares held), can be submitted at the headquarters of SOCEP SA until April 08th2022, at 16.00, in a sealed envelope,with the clearly written mention: "For OGMS / EGMS from of April 27th/28th 2022", or sent by e-mail with the extended electronic signature incorporated according to Law No. 455/2001 regarding the electronic signature, until April 08th2022 at 16:00, at the [e-mail] on the subject "For the OGMS / EGMS of April 27th/28th 2022."

The shareholders of the company, regardless of the level of participation in the share capital, can submit written questions regarding the items on the agenda, accompanied by copies of identity documents (ID card in case of individuals, respectively registration certificate in case of legal entities, account statement from which to result as shareholder), at the headquarters of SOCEP SA until April 21st2022, at 16.00, in a sealed envelope, with the clearly written mention: "For OGMS / EGMS from April 27th/28th 2021", or sent by e-mail with the extended electronic signature incorporated according to Law No. 455/2001 regarding the electronic signature, until April 21st2022, at 16:00, at the [e-mail] the subject" For the OGMS / EGMS from April 27th/28st 2022".

The access of the natural shareholders, entitled to participate in the general meeting of shareholders is allowed by the simple proof of their identity, made with the identity document.

The representation of the shareholders in the OGMS / EGMS may be done by persons other than the shareholders, on the basis of a special power of attorney granted for representation in a single general meeting or by a general power of attorney granted for representation in one or more general meetings.

Shareholders who do not have the capacity to exercise, as well as legal entities may be represented by their legal representatives, who, in turn, may give other persons power of attorney for the respective General Meeting.

The powers of attorney can also be sent electronically by e-mail with the extended electronic signature incorporated according to Law no. 455/2001 regarding the electronic signature, until April 21st2022, at 16.00, at the [e-mail] on the subject "For OGMS / EGMS from April 27th/28th 2022", and will be submitted in original the later on April 21st2022, at 16.00, either in Romanian or in English, at the company's headquarters, under the sanction of losing the voting exercise in the meeting. from the websitewww.socep.ro, starting with March 25th2022. The special power of attorney form is also available to shareholders in English.

Shareholders of SOCEP SA registered on the reference date in the shareholders' register issued by Depozitarul Central S.A. have the possibility to vote by correspondence, before the OGMS / EGMS, by using the Voting Form by correspondence. The voting form can be obtained, starting with March 25th.2022, from the company's headquarters or from the websitewww.socep.ro.

In case of voting by mail, the voting form, either in Romanian or in English, completed and signed and a copy of the valid identity document of the shareholder (ID card in case of individuals, respectively registration certificate in case of legal entities ) can be sent to the headquarters of SOCEP SA until April 21st2022 at the latest, at 16.00, in a sealed envelope, with the clearly written mention: "For the OGMS / EGMS from April 27th/28th 2022".

Voting forms that are not received at the registry of SOCEP S.A. until the date and time mentioned above cannot be taken into account for determining the quorum and the majority in the OGMS / EGMS. The voting form by mail is also available to shareholders in English.

The materials regarding the agenda as well as the draft decisions will be made available to the shareholders at their request at the company's headquarters, the Shareholders' Legal Office or can be downloaded from the company's websitewww.socep.ro, starting with March 25th2022.

Chairman of the Board and

CEO Dorinel Cazacu