Terraoil Swiss AG ("TOS" or the "Company"), the uniquely positioned onshore Albanian oil producer, held an Extraordinary General Meeting ("EGM") on 17 March 2020 in the absence of shareholders' physical presence, due to complicated circumstances arising from the coronavirus outbreak. Despite this, 95,667,712 share votes were represented at the meeting, which was held in line with the assembly restrictions guidelines provided by the Swiss Bundesrat as of 16 March 2020.
Although the Casino was completely closed, four people were present in Zug, at the Casino's patio, for the EGM. These individuals were the Company's lawyer, the notary, the Chairman of TOS AG, Hans-Peter Vogt, and the independent proxy that was granted the power of attorney to vote on behalf of the shareholders. We thank all shareholders for allowing the independent voting representative, KBT Treuhand Zürich, to vote on their behalf.