OÜ REDSTORM, subsidiary of AS PRFoods, participated in establishing the Estonian
Offshore Fish Farming Association. The association was established by OÜ
REDSTORM, Hiiumere Farm OÜ and Avamere Kalakasvatus OÜ (Saaremere Kala AS is
also one of the shareholders in the latter). The aim of the association is to
support and favour the economic activities related to fish farming of our
members and thus improve their competitiveness. The amount of instalment of OÜ
REDSTORM in establishing the commercial association makes one third of the share
capital of the commercial association of 30,000 euros. By its participation in
the commercial association, the aim of OÜ REDSTORM is to make better use of the
knowledge and capabilities related to the offshore fish farming of the members
of the association through cooperative activities and achieve synergy through
the joint sales and marketing activities. The participation in establishing the
commercial association is not handled as the transaction with the related party
and the members of the management board and supervisory board of AS PRFoods
group are in no other way personally interested in the transaction for the
purpose of clause 7.11.2.4 of the stock exchange regulations "Requirements for
the issuers".
Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 452 1470
investor@prfoods.ee
www.prfoods.ee
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