Market announcement

Title

AS BALTIKA NOTICE AND AGENDA OF THE ANNUAL GENERAL MEETING

Message

<span style="font-size:11pt;font-family:Arial, Helvetica, sans-serif;">Notice
is hereby given that the annual general meeting of shareholders of
</span><strong style="font-size: 11pt; font-family: Arial, Helvetica,
sans-serif;">AS BALTIKA <span style="font-size:11pt;font-family:Arial,
Helvetica, sans-serif;">(registry number 10144415, address Veerenni 24,
Tallinn) will be held at the Moelava Hall of the Baltika Quarter at Veerenni
24, Tallinn, on </span><strong style="font-size: 11pt; font-family: Arial,
Helvetica, sans-serif;">10 May 2013,<span
style="font-size:11pt;font-family:Arial, Helvetica, sans-serif;"> commencing
</span><strong style="font-size: 11pt; font-family: Arial, Helvetica,
sans-serif;">at 10 a.m<span style="font-size:11pt;font-family:Arial, Helvetica,
sans-serif;">. Registration for the annual general meeting begins at 9.30 a.m.
in the same location.</span> 

<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">To attend the annual general meeting:</span></span> 

<span style="font-size:11pt;">-        </span><span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:11pt;">Shareholders who are
individuals have to show a document verifying their identity; appointed proxies
have to show a document verifying their identity and a letter of
authorization;</span></span> 
<span style="font-size: 11pt;">-        </span><span style="font-size: 11pt;
font-family: Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">Lawful representatives of shareholders who are legal
entities have to show an extract from the registry where the legal entity is
registered and a document verifying their identity; proxies have to show the
above as well as a letter of authorization.</span></span> 

<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">A shareholder may notify AS Baltika of the appointment
of a proxy or the withdrawal of authorization before the annual general meeting
by sending a corresponding digitally signed e-mail message to
</span></span><span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">[email protected]</span></span><span
style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">  or by delivering the information in person on
workdays between 10 a.m. to 4 p.m. or by ordinary mail to AS Baltika, Veerenni
24, 10135 Tallinn. Aforementioned notifications shall be received by AS Baltika
9 May 2013 by 4 p.m. at the latest.</span></span> 

<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">Shareholders entitled to participate in the annual
general meeting will be determined as at 8 a.m. at the date of the annual
general meeting of AS Baltika.</span></span> 

<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">The agenda presented by the Management Board and
approved by the Supervisory Council and the resolutions to be proposed:
</span></span> 

<ol><li><span style="font-family:Arial, Helvetica, sans-serif;">Approval of the
Annual report for 2012 and profit allocation</span></li></ol><span
style="font-size:11pt;">-        </span><span style="font-family:Arial,
Helvetica, sans-serif;">To approve the Annual report of AS Baltika for 2012 as
presented.</span> 
<span style="font-size:11pt;">-        </span><span
style="font-size:11pt;font-family:Arial, Helvetica, sans-serif;">To approve the
profit of 2012 in the amount of 803,941 euros and to allocate it to retained
earnings.</span> 

<ol><li value="2"><span style="font-family:Arial, Helvetica,
sans-serif;">Nomination of the auditor and the
remuneration</span></li></ol><span style="font-size:11pt;">-       
</span><span style="font-family:Arial, Helvetica, sans-serif;">To elect the
auditors of the Company for auditing the financial year 2013 to be Aktsiaselts
PricewaterhouseCoopers and to remunerate the auditors pursuant to the agreement
entered into respectively.</span> 

<span style="font-size:11pt;font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">The annual report 2012 of AS Baltika, the independent
auditor’s report and other documents to be presented to the annual general
meeting will be available to shareholders from the date of release of this
notice until the date of the annual general meeting at the website of AS
Baltika on </span></span><span style="font-family:Arial, Helvetica,
sans-serif;"><span
style="font-size:11pt;">www.baltikagroup.com</span></span><span
style="font-size:11pt;font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">  and at the website of the NASDAQ OMX Tallinn Stock
Exchange on </span></span><span style="font-family:Arial, Helvetica,
sans-serif;"><span
style="font-size:11pt;">www.nasdaqomxbaltic.com</span></span><span
style="font-size:11pt;font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">. Questions regarding the agenda items can be sent by
email to </span></span><span style="font-family:Arial, Helvetica,
sans-serif;"><span
style="font-size:11pt;">[email protected]</span></span><span
style="font-size:11pt;font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">.</span></span> 

<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">At the annual general meeting, a shareholder is
entitled to receive from the company’s management board information about the
company’s business and performance. The management board may decide to withhold
certain information if there is reason to believe that disclosure of the
information may cause significant damage to the company’s interests. If the
management board refuses to disclose some information, a shareholder may demand
that the general meeting adopt a resolution regarding the lawfulness of the
information request or file a petition with a court of law within two weeks
requesting that the court require the management board to disclose the
information.</span></span> 

<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">A shareholder whose shares represent at least one
twentieth of the share capital of AS Baltika may demand that additional matters
be included on the agenda of the annual general meeting submitting
simultaneously for every additional matter the draft decision or argumentation.
The demand shall be submitted in writing at least 15 days before the date of
the annual general meeting to AS Baltika, Veerenni 24, 10135 Tallinn.
Shareholders whose shares represent at least one twentieth of the share capital
of AS Baltika may submit to the company a draft resolution for any agenda item
by sending the said draft resolution in writing at least three days before the
annual general meeting to AS Baltika, Veerenni 24, 10135 Tallinn.</span></span> 



<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">Maigi Pärnik</span></span> 
<span style="font-size:11pt;font-family:Arial, Helvetica, sans-serif;">Member
of the Management Board</span> 
<span style="font-family:Arial, Helvetica,
sans-serif;">[email protected]</span>