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Ettevõte AS Harju Elekter Group
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Avaldamise aeg 22 sept 2022 09:53:55 +0300
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Pealkiri Enefit Connect OÜ’s claim against the subsidiary of Harju Elekter
In     its    stock    exchange    release    published    on    20 May    2022
en),  AS Harju Elekter announced the termination of the framework agreements for
hermetic distribution transformers concluded by its subsidiary Energo Veritas OÜ
with  Enefit  Connect  OÜ  and  that  Enefit  Connect  OÜ  does not consider the
cancellation of the framework contracts to be lawful.

On  20 September 2022, Enefit Connect OÜ filed a claim against Energo Veritas OÜ
for  a breach of  the framework agreements  for a total  amount of 1,374,645.38
euros.  The  amount  includes  fines  for  delays, non-fulfilment of orders, and
failure  to ensure emergency  reserves. In addition,  Enefit Connect OÜ notified
its  intention to file a claim for an amount of 2,094,249 euros arising from the
difference  between the prices agreed in the framework agreements and the prices
of  the  agreements  awarded  by  Enefit  Connect  OÜ as a result of the dynamic
procurement  system. This is a loss for the future, as Enefit Connect OÜ has not
yet  made any payments in excess of  the price stated in the framework agreement
as of 20 September 2022.

Energo  Veritas OÜ  is of  the opinion  that the  framework agreements have been
cancelled  and the framework  agreements have been  lawfully withdrawn from, and
does  not  admit  or  concede  the  merits  of  the claim or the existence of an

Above  mentioned financial  claims may  have a  negative impact on the financial
position of the group.

Harju  Elekter is an  international industrial group  with more than 50 years of
experience,  whose main activity is the development and production of electrical
and  automation equipment. Part of the  technical solutions of Harju Elekter are
aimed  at the renewable  energy sector, offering  complete plans for solar power
plants,  electric vehicle  charging stations,  and other  related solutions. Its
factories  in Estonia, Finland, Sweden,  and Lithuania employ approximately 900
employees,  and  the  Group's  revenue  for  the first six months 2022 was 79.2
million  euros. The  shares of  Harju Elekter  are listed  on the Nasdaq Tallinn
Stock Exchange.

Tiit Atso
Chairman of the Board
+372 6747400