At the 1st Annual General Meeting where 86.85% of the share capital was present the Mercator shareholders:

1. adopted the Standing Rules for the work of the Annual General Meeting of Shareholders of Poslovni sistem Mercator d.d.;
2. adopted a resolution on amendment to the Article 11 and supplements to the Articles 34 and 77 of the Articles of Association of Poslovni sistem Mercator d.d.;
3. adopted the Annual Report of the Management Board of the joint-stock company for 1993 and 1994;
4. adopted a resolution on distribution of net profit for 1993 and 1994 which in the amount of SIT 11,578,000.00 for year 1993 and in the amount of SIT 7,318,000.00 for year 1994 will remain undistributed;
5. adopted the proposed conditions for the exchange of shares of the subsidiary companies;
6. as auditor for year 1996 was appointed the auditing company RFR Ernst & Young, d.o.o.;
7. adopted the Act on Election of the Supervisory Board of Poslovni sistem Mercator d.d. and elected eight members of the Supervisory Board;
8. determined the amount of the attendance fee for the Supervisory Board members and president; namely for the president of the Supervisory Board SIT 45,000.00 and for other members of the Supervisory Board SIT 35,000.00.

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