Market announcement

Title

CHANGE IN THE SCHEDULE OF AS PRFOODS BUY-BACK OF SECURED NOTES

Message

CHANGE IN THE SCHEDULE OF AS PRFOODS BUY-BACK OF SECURED NOTES

Pursuant  to the stock exchange announcement published on 21.11.2022, AS PRFoods
(registry  code  11560713, registered  address  at Pärnu mnt 141, 11314 Tallinn,
Estonia;  ?PRFoods" or ?Issuer")  announced a partial  buy-back of PRFoods notes
due  22.01.2025 with ISIN code  EE3300001577 (the "Notes")  issued by PRFoods on
14.01.2020 pursuant  to the  terms and  conditions of  the issue  of the secured
notes  (as  amended  on  25.02.2020, 25.02.2022 and  20.09.2022) (the "Terms and
Conditions"), up to a maximum aggregate amount of 15% of the aggregate principal
amount of all outstanding Notes.

In  accordance  with  the  Issuer's  right  to  unilaterally amend the terms and
conditions  of  the  buy-back  of  the  Notes  outlined  in  the  stock exchange
announcement  published  on  21.11.2022, the  Issuer  has  decided to extend the
period  for submission  of offers  for buy-back  of the  Notes so that to enable
persons  holding the  Notes (the  "Noteholders") who  have not  yet submitted an
offer  for buy-back of the Notes to  consider their participation in the partial
buy-back of the Notes within a certain extended time period.

PRFoods  has decided to  prolong the end  date for the  submission of offers for
buy-back  by the Noterholders until  07.11.2023 and, in connection therewith, to
amend  certain other dates  relating to the  buy-back of the  Notes, so that the
updated schedule for the buy-back of the Notes is as follows:

+--------------------------------------+---------------------------------------+
|                                      |Commencement of the period for         |
|                                      |submission by Noteholders of offers for|
|28.11.2022 at 10:00                   |buy-back                               |
+--------------------------------------+---------------------------------------+
|                                      |End of the period for submission by    |
|07.11.2023 at 12.00                   |Noteholders of offers for buy-back     |
+--------------------------------------+---------------------------------------+
|                                      |Allocation Fixing Date (i.e. date on   |
|                                      |which the total number of Notes held by|
|                                      |the Noteholder is fixed and on the     |
|                                      |basis of which the number of Notes     |
|                                      |which the Noteholder is entitled to    |
|                                      |offer for buy-back to the Issuer in    |
|                                      |accordance with the terms of the buy-  |
|09.11.2023 (close of settlement date) |back of the Notes is calculated).      |
+--------------------------------------+---------------------------------------+
|10.11.2023 (or an earlier date close  |Disclosure of the allocation results of|
|to it)                                |the buy-back by PRFoods                |
+--------------------------------------+---------------------------------------+
|                                      |Settlement Date (i.e. the date of      |
|                                      |transfer of the Notes and the purchase |
|13.11.2023                            |price of the Notes).                   |
+--------------------------------------+---------------------------------------+

In  connection with the amendment of the  schedule of the buy-back of the Notes,
PRFoods  also notifies  that the  buy-back price  per Note  will be equal to its
nominal  value, to which unpaid interest calculated in accordance with the Terms
and Conditions up to (but excluding) 10.11.2023 will be added.

In all other respect, the buy-back of the Notes and the submission of offers for
buy-back  during the prolonged  period will be  conducted in accordance with the
terms  and conditions and according to the procedure notified to the Noteholders
in  the stock exchange announcement  published on 21.11.2022 (the stock exchange
announcement         is         accessible         at         this         link:
https://view.news.eu.nasdaq.com/view?id=b030d42f80e088f19bf907e77d7b502d2&lang=e
n).

Noteholders  who have already submitted their  offers for buy-back will not need
re-submit their offer and the offers will be prolonged automatically.

Additional Information:
Indrek Kasela
AS PRFoods
Member of the Management Board
T: +372 452 1470
[email protected] (https://www.globenewswire.com/Tracker?data=gwO1Jq-
EOcdlbUrcfKGZnDK1QexKMboWH53TJbgPe4_xMwuS0cKWwBiy3XMa_SnYPJhQf5VvqrKbR5tnN80Taw_
hVb1mnHfThRrF3dBXLIwtjzG-WULYbdaC9LA96tjEn_K2wAJla2tuF_-
yYQOWW2FVg80SPsO6iPbP6qCjRmEOKSc-uP4E9c47tkWdlhgMkgpTXjFoFCHZkLjP0UxiKXKqHf-
rhsklMFese2NNDMBZSibHohIvRvWf6NJMoDNKNgUpHdG4-QuBse8k-
guqGOl67UvqnELtlzq5OQMQfttwwKFiDZzEXkjMxTnyleb88Q5SRU4gcqw9LNhD2zJ3rmAZR5zkMNcPx
xDwAauYa1Yw3NFYkBdm0OYBmxMUJrltmCzAdZ80qoC67yLSG4g-
8K2GjkmtEFDtiqcBOXQrDlTqgR1zMOiHLhlyrPPfXRYKa_ZypLv5wRaAlfVOTY76mHckKac3C8BghSHI
YSAESVI=)
www.prfoods.ee
(https://www.globenewswire.com/Tracker?data=1CovPtrjn6grkZIkAKHnzGKbR9XqS0fdDRZq
85bU4fIy4fFdfCH_VQwB-
_x6pIvMqen1pYkwEOhFOi2LwwB8ku60uGPFTw9dtiqkuuZIh7kM0PKeoax2SxGprk5KKNgiAcz_UhZnD
G1KfGS-FxKhZQgLPBRLYjLPz5NU-
DMdQPd0rUH8Cs2UgElOyv5HuHiHUnJTcdS8WAVRWosxbLz_sKVRnCJHoTDGRWAQjviFcv1T6I3fIYCUh
VcawAAlmymc-y72UlriwktVHEARbe0Uxdd6KvScmkoyRo-
n4zYdBk3cPEdmCqg_O0t_VWNh3tMPbfb1FxrdP2DyBccFJc_2HEwbX5rrhp1EfZcHOXSBpQIikp6KGGk
9czE0F3MtUIdCyRitbwFIV03A5zuXWpJiE-jIrQqj3-wAvEju-IhJeTs=)