Market announcement

Title

Decisions of the written procedure of noteholders of AS PRFoods

Message

By  a stock exchange announcement  published on 06.03.2025, AS PRFoods (registry
code  11560713, registered  address  at  Pärnu  mnt 141, 11314 Tallinn, Estonia;
"PRFoods")  proposed to  the persons  holding the  notes (the  "Noteholders") of
PRFoods,  due on 31 March 2025 and bearing ISIN code EE3300001577 (the "Notes"),
issued under the Terms and Conditions of Secured Note Issue of PRFoods dated 14
January  2020 (as most  recently amended  on 17 January  2025) (the "Terms"), to
adopt  the decisions of the Noteholders, without  convening a meeting, by way of
written  procedure  (the  "Written  Procedure")  pursuant to section 12.3 of the
Terms.

The written procedure took place during the period from 06.03.2025 until the end
of  the day on 21.03.2025 (i.e. until 11.59 p.m.). The decisions proposed in the
stock  exchange announcement were voted by  39 Noteholders who hold in aggregate
Notes  with the Nominal  Value of EUR  6,797,400.00, i.e. approximately 71.4% of
the aggregate Nominal Value of all Notes which carry voting rights.

The Noteholders adopted the following decision by Written Procedure:

To  consent to the postponement of the Maturity Date of the Notes (as defined in
the  Terms and the Final Terms), currently scheduled to be 31 March 2025, and to
set  the new  Maturity Date  of the  Notes for  30 April 2025, to consent to the
extension  of the current interest period and accordingly to the postponement of
the  next Interest Payment Date  (as defined in the  Terms and the Final Terms),
currently  scheduled to  be 31 March  2025, and to  set the new Interest Payment
Date  for 30 April 2025, and it was agreed  that the non-redemption of the Notes
on  the Maturity Date (31 March 2025) and non-payment by PRFoods of the Interest
on  the Interest Payment Date  (31 March 2025) shall not  constitute a breach of
the  Terms or the Final  Terms by PRFoods or  the occurrence of an Extraordinary
Early  Redemption Event (as defined  in the Terms), and  to authorise PRFoods to
amend,   enter   into,  confirm  and  submit  all  necessary  documentation  and
instruments,  including  the  Final  Terms  of  the Notes, that are necessary to
reflect  the amended Maturity Date (30  April 2025) and the new Interest Payment
Date (30 April 2025).

Noteholders  who  hold  in  aggregate  Notes  with  the  Nominal  Value  of  EUR
6,559,800.00 i.e.  approximately  68.9% of  the  aggregate  Nominal Value of all
Notes  carrying  voting  rights,  voted  in  favour  of the said decision. Votes
against  were  submitted  by  Noteholders  who  hold in aggregate Notes with the
Nominal  Value  of  EUR  237,600.00, i.e.  approximately  2,5% of  the aggregate
Nominal Value of all Notes carrying voting rights.

In  accordance with the  Terms, the decision  described above was therefore duly
adopted and is binding on all Noteholders.

Additional information:
Timo Pärn / Kristjan Kotkas
AS PRFoods
Member of the management board
[email protected]
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