Market announcement

Title

Decisions of the annual general meeting of shareholders of Tallinna Kaubamaja Grupp AS 18th of March 2024

Message

The  Annual General Meeting  of Shareholders of  Tallinna Kaubamaja Grupp AS was
held  on  18(th) of  March  2024 in  Tallinn,  at  Viking  Motors  dealership at
Tammsaare  tee  51. 29,269,053 votes,  i.e.  71.86% of the Company`s 40,729,200
votes  were represented at  the meeting and  81 shareholders were represented at
the meeting.
The decisions of the General Meeting were as follows:

1. Approval of the annual report of Tallinna Kaubamaja Grupp AS for 2023
With  29,124,679, i.e. 99.51%  votes in favour, to approve the annual report for
2023 prepared  by  the  Management  Board  of  Tallinna  Kaubamaja  Grupp AS and
approved  by the  Supervisory Board,  in accordance  with which the consolidated
balance  sheet of Tallinna Kaubamaja Grupp AS as at 31 December 2023 is 691,508
thousand  euros, sales  revenue 947,257 thousand  euros, and  net profit 37,424
thousand euros.

2. Profit distribution
With  29,267,403, i.e. 99.99% votes in  favour, to approve  the proposal for the
distribution  of the profit of Tallinna Kaubamaja Grupp AS for 2023 submitted by
the Management Board and approved by the Supervisory Board as follows:

  Retained earnings from previous years                  90,536 thousand euros

  Net profit for 2023                                    37,424 thousand euros

  Total distributable profit as at 31 December 2023     127,960 thousand euros

  Pay a dividend of 0.72 euros per share                 29,325 thousand euros

  Retained earnings after the distribution of profits    98,635 thousand euros

The  list of shareholders entitled to receive the dividend will be fixed on 3rd
of  April  2024 as  at  the  end  of  the  business day of Nasdaq CSD's Estonian
settlement  system. The  dividend will  be paid  to shareholders on 8th of April
2024 by transfer to the shareholder's bank account.

3. Recalling  members  of  the  Supervisory  Board,  electing new members of the
Supervisory Board and determination of the procedure for remuneration

In  connection with the expiration of the term  of office of some members of the
Supervisory  Board and with  the aim of  harmonizing the terms  of office of the
members  of the Supervisory Board,  to recall with 29,027,579, i.e. 99.17% votes
in  favour the entire  composition of the  current Supervisory Board of Tallinna
Kaubamaja  Grupp  AS  from  20(th) of  May  2024 and  to elect as members of the
Supervisory Board of Tallinna Kaubamaja Grupp AS from 20(th) of May 2024 for the
next 3-year term Jüri Käo (personal identification code 36511160272), Enn Kunila
(personal    identification    code    35003190254), Gunnar    Kraft   (personal
identification  code 36403160286), Meelis  Milder (personal  identification code
35804054210) and  Kristo  Anton  (personal  identification  code  37605250302).
Remunerate  the chairman of the Supervisory Board a fee of 4,200 euros per month
and the members of the Supervisory Board a fee of 3,500 euros per month.

4. Change  of articles  of association  and business  name of Tallinna Kaubamaja
Grupp AS
With  29,268,853, i.e.  100% votes  in  favour  to  change  the business name of
Tallinna Kaubamaja Grupp AS and in this regard, to approve a new revision of the
Articles of Association, where the new business name is TKM Grupp AS.


Dividend payment ex-date of Tallinna Kaubamaja Grupp AS

Proceeding from the above, Tallinna Kaubamaja Grupp AS informs that the dividend
payment  ex-date is  2(nd) of April  2024. From that  date the  new owner of the
shares is not entitled to dividends for the year 2023.

The  webinar recording of the annual general  meeting shall found as of 19 March
2024 at      https://www.tkmgrupp.ee/en/for-investors/annual-general-meeting-of-
shareholders-2024/

Raul Puusepp
Chairman of the Board
Phone +372 731 5000