Market announcement

Title

Invitation to the Extraordinary General Meeting of Shareholders of Olympic Entertainment Group AS

Message

OLYMPIC ENTERTAINMENT GROUP AS, registry code 10592898, address Pronksi
19, 10124 Tallinn (hereinafter the Company), convenes an extraordinary general
meeting of shareholders of the Company that will be held on 10 September 2018 at
15:00 at the conference center of Hilton Tallinn Park (Kreutzwaldi 23, Tallinn,
Estonia).

Agenda for the extraordinary general meeting (hereinafter the EGM) is the
following:

"To approve and decide the takeover of shares of OLYMPIC ENTERTAINMENT GROUP AS
held by the minority shareholders by Odyssey Europe AS (registry code 14437516,
address Sõpruse pst 145, Tallinn 13417, Estonia) in course of the merger of
OLYMPIC ENTERTAINMENT GROUP AS, as the company being acquired, with and into
Odyssey Europe AS, as the acquiring company, in accordance with Section 421(1)
and Chapter 29(1) of the Estonian Commercial Code for a monetary compensation of
EUR 1.40 per share of the Company.".

The supervisory board of the Company determined the agenda of the EGM and makes
the shareholders the following proposal:

"To approve and decide the takeover of shares of OLYMPIC ENTERTAINMENT GROUP AS
held by the minority shareholders by Odyssey Europe AS (registry code 14437516,
address Sõpruse pst 145, Tallinn 13417, Estonia) in course of the merger of
OLYMPIC ENTERTAINMENT GROUP AS, as the company being acquired, with and into
Odyssey Europe AS, as the acquiring company, in accordance with Section 421(1)
and Chapter 29(1) of the Estonian Commercial Code for a monetary compensation of
EUR 1.40 per share of the Company.".

In accordance with Section 363(2) (1) of the Estonian Commercial Code (ECC), the
amount of compensation payable to minority shareholders has been decided by the
majority shareholder and determined on the basis of the value of the shares
taken over it had ten days prior to the date of which the invitation for calling
the general meeting was sent out. The management board of the Company enables
the shareholders to review the draft resolution of the general meeting,
notarized merger agreement, takeover report, audit report, annual reports of the
last three years and other relevant documents.

As the result of the takeover of the shares held by the minority shareholders of
the Company, Odyssey Europe AS will hold 100% of the shares of the Company.
Since as a result of the takeover all the shares of the Company will be held by
Odyssey Europe AS, then under Section 403(4) of ECC, the shares of the Company
shall not be exchanged and they shall become invalid as of the entry of the
merger into the commercial register.

ORGANISATIONAL ISSUES

After the items on the agenda, including any additional items, are exhausted the
shareholders may ask the management board to provide information about the
business of the Company in accordance with the procedure published on the
website of the Company http://www.olympic-casino.com
(https://www.globenewswire.com/Tracker?data=Sm_lYGOYnE6z9XuvF-
WtXEyKI6AfA3iN3N6XPI6T9M4aMB8RqUQmrPUHIMqrBtTTtdrk9rAVuzmaLXleheh8xa5TvpkMVveYAS
-1HlvHFptL-tr2M54S5zg5gf6EN_fO).

List of shareholders entitled to vote at the EGM will be fixed 7 days prior to
the EGM, on 3 September 2018, as at the end of the working day of the settlement
system.

Registration to the EGM will start on the day of the meeting, 10 September
2018, at 14:30. Registration will be carried out on the basis of an
identification document and in case of the shareholder's representative, power
of attorney or any other document evidencing authorization. The forms of power
of attorney and revocation of the power of attorney are available at the
Company's website http://www.olympic?casino.com
(https://www.globenewswire.com/Tracker?data=Sm_lYGOYnE6z9XuvF-
WtXIb1VolfaSNCFjLmGVF2SGEXXFj4ldMPUSbL3J9g72s19JWL9WXvOrWcF2ZAipq--fqvN73DXZA4BV
8YKcrHo9ievIVCOMlKbJhR36DXt9qb). Legal entities must also present a valid
extract of the registry card. The documents of a company incorporated abroad
must be legalized or stamped with apostille, if the international agreement does
not prescribe otherwise, and translated into Estonian by the sworn translator.

A shareholder may notify about the appointment of a representative and the
withdrawal of the power of attorney of the principal prior to the EGM by sending
respective digitally signed notice by e-mail to [email protected]
(https://www.globenewswire.com/Tracker?data=PDSZQOaQwCcZkPSZ1aWqhXQxs5dHwR2yP5nF
EAHetnMgp07rZBZwEs58RPiHcsYhP9AhvKP6xMDL2vOE3E2reg==) or by delivering
respective document(s) on business days from 9 AM till 5 PM at the latest by 9
September 2018 to the location of the Company at Pronksi 19, 3(rd) floor.

The draft of the resolution and all other EGM documents shall be made available
at the Company´s website http://www.olympic-casino.com
(https://www.globenewswire.com/Tracker?data=Sm_lYGOYnE6z9XuvF-
WtXEyKI6AfA3iN3N6XPI6T9M4Kh4hjprcwouBSoiVE-yZJFPfw1z4mvS-
X4PRZvL985jrZhAB3Ya2FJPFYyd8APLgz12bdYhc8u7ZltFP4QI-V) and on business days from
9 AM till 5 PM also at Pronksi 19, 3(rd) floor as of 8 August 2018. Questions in
respect of the items in the agenda of the EGM may be asked by e-mail: [email protected]
(https://www.globenewswire.com/Tracker?data=PDSZQOaQwCcZkPSZ1aWqhYv9RxnmHWno6JQk
Go_2ar5PPbgljWwkxm9COZFS-aU9LOd5flRvUN-psLLJm6_zwA==) or over phone
+372 667 1250. Questions, answers and the minutes and resolutions of the EGM
shall be disclosed at the Company´s website http://www.olympic-casino.com
(https://www.globenewswire.com/Tracker?data=Sm_lYGOYnE6z9XuvF-
WtXEyKI6AfA3iN3N6XPI6T9M4b0627gCDU-jwTeOON61SiEKMFIyMphUF-
W8y8bHmVFJBxisqil7C5n_QBS2uQsU5PZ6cJ_gkFh9Vn3FQdqoFb).

Shareholders, whose shares represent at least 1/20(th) of the share capital may
request that additional issues be included in the agenda of the EGM, provided
that the relevant request is submitted in writing at least 15 days prior to the
date of the EGM, at the latest by the beginning of the business day (09:00) on
26 August 2018. Shareholders, whose shares represent at least 1/20(th) of the
share capital may submit the Company written draft resolutions regarding every
item on the agenda of the EGM, at the latest 3 days prior to the date of the EGM
by the beginning of the business day (09:00) on 7 September 2018. The procedure
for exercising these rights, as well as the submitted proposals regarding
additional items on the agenda, the reasoning for including any items on agenda,
and draft resolutions shall be published after their receipt on the website of
the Company at http://www.olympic-casino.com
(https://www.globenewswire.com/Tracker?data=Sm_lYGOYnE6z9XuvF-
WtXEyKI6AfA3iN3N6XPI6T9M6Q-
8kzHqazCqjiH1q6876lpYrjye2kWMNf9WUEMZ6STsjLVeHSuYRbOnDXSjezyBnjOxqYMcY9t9W2j5AUk
xye). The drafts and statements of reason thereof are available for reviewing
also at the office of the Company on workdays between 09:00 to 17:00 at Pronksi
19, 3rd floor.

Madis Jääger
Chairman of the management board

Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=YimDj8jXD4JRTLICjGVcvoxbKsQB7-
wgDJMRRnWbIGMkvJwLlg-w21hEAb3vLePXNmQkcV8MWoCjPrPWSoArQFkoDr_rt7eoZHXj9_LCltg=)
http://www.olympic-casino.com
(https://www.globenewswire.com/Tracker?data=Sm_lYGOYnE6z9XuvF-
WtXEyKI6AfA3iN3N6XPI6T9M6zlfGpDZqulIFYyyJCfYRE-6kjCTY8fIff_Yd-0zU5Mcax-
oMMNSkzuNEjRokdHfs-v8cMbRHHVvXoEQBngY9v)