Market announcement

Title

AS Baltika Notice of the Extraordinary General Meeting

Message

Notice  is hereby given  that the extraordinary  general meeting of shareholders
of AS  BALTIKA (registry number 10144415, address  Veerenni 24, Tallinn) will be
held at the Moelava Hall of the Baltika Quarter at Veerenni 24, Tallinn, on 8th
of  October  2019, commencing at ­­­10.30  a.m.  Registration  for  the  general
meeting begins at 10 a.m. in the same location.

To attend the general meeting:

  * Shareholders who are individuals have to show a document verifying their
    identity, appointed proxies have to show above as well as a letter of
    authorization;
  * 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.

A  shareholder  may  notify  AS  Baltika  of  the  appointment of a proxy or the
withdrawal   of   authorization   before   the  general  meeting  by  sending  a
corresponding  digitally signed e-mail message to [email protected] 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. AS Baltika must receive
the above-mentioned notifications by 7th of October 2019 4 p.m. at the latest.

Shareholders  entitled to participate in the  general meeting will be determined
as  at seven days before  holding the general meeting,  i.e. as at 1(st) October
2019 at  the  end  of  the  working  day  of the Estonian register of Securities
Settlement System.

The  agenda that has been approved by the Management Board and Supervisory Board
of AS Baltika is as follows:

1. Election and remuneration of the new Supervisory Board member

   To elect KRISTJAN KOTKAS  as the fifth member  of the Supervisory Board of AS
Baltika  and to pay  the remuneration to  him pursuant to  the resolution of the
annual general meeting of shareholders held on April 27, 2015.

Notice and forms for voting by proxy at the general meeting will be available to
the  shareholders from the date of the release  of this notice until the date of
the  general  meeting  at  the  website  of  AS  Baltika on www.baltikagroup.com
(https://www.globenewswire.com/Tracker?data=nOspC5QnxlU6StUpYslng_X9yj5OyFX6eT8i
oe7RqEKEsptzX01e4klzHNnXVfNaYZjIUzIFZu6yKkzVIUHjWOg25rw7BfYmJMCQO7aNRj0=).

Questions    regarding    the    agenda    items    can   be   sent   by   email
to [email protected] or posted to the company's address.

At  the general meeting, a shareholder  is entitled to receive information about
the  company's business and performance from the company's Management Board. The
Management Board may decide to withhold certain information if there is a 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  adopts 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.

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 extraordinary general meeting if the demand is submitted in writing at least
15 days  before  the  date  of  the  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
General Meeting to AS Baltika, Veerenni 24, 10135 Tallinn.


Maigi Pärnik-Pernik
Member of the Management Board
[email protected]