Announcement View
Company AS Ekspress Grupp
Type Company Release
Category Other corporate action
Publicize date 13 Oct 2021 08:31:00 +0300
Kell English
Title The Supervisory Board of AS Ekspress Grupp has approved the dividend policy
The  Supervisory Board  of AS  Ekspress Grupp  has approved the group's dividend
policy,  under which Ekspress  Grupp will distribute  at least 30% of its annual
profit as dividends from 2022 onwards.

The  capital structure of Ekspress  Grupp needs to be  strong and sustainable to
maintain  its desired operational  freedom and make  use of growth opportunities
throughout   various  economic  cycles.  The  group's  task  is  to  maintain  a
conservative  capital structure so  as to provide  flexibility to the company in
order  to comply  with the  requirements set  for raising  debt when  making new

In order to support its growth, Ekspress Grupp has set an objective to ensure an
optimal  level of  investments, loan  repayments and  profit allocation from the
point of view of the group and its investors.

The  group will distribute at least 30% of  its previous year's profit under the
condition  that it has sufficient cash to  fund its core activities and make new
strategic  investments. In those years when the  economy slows down or when cash
flows  are poor due to  other reasons, the group  may reduce the dividend payout
ratio or decide not to pay dividends.

Signe Kukin
CFO of the Group
AS Ekspress Grupp
+372 669 8381

AS Ekspress Grupp is the leading media group in the Baltic States whose key
activities include web media content production and publishing of newspapers and
magazines. The Group also manages the electronic ticket sales platform and
ticket sales sites in Estonia and Latvia. Ekspress Grupp that launched its
operations in 1989 employs almost 1400 people, owns leading web media portals in
the Baltic States and publishes the most popular daily and weekly newspapers as
well as the majority of the most popular magazines in Estonia.