Market announcement

Title

Resolutions of the Extraordinary General Meeting of Shareholders of AS Ekspress Grupp held on 29th of September, 2020

Message

On 29(th) of September, 2020, the Extraordinary General Meeting of the
Shareholders of AS Ekspress Grupp was held in Tallinn, Parda 6.

Out of 29 796 841 votes 21 446 212 votes were represented at the Meeting, i.e.
72.02% of the votes. All participating shareholders cast their votes
electronically before the meeting.

The General Meeting of the Shareholders of AS Ekspress Grupp adopted the
following resolutions.

1. Implementation of the share option program approved on 13.06.2017 and
amendment of the shareholders' general meeting resolution adopted on 13.06.2017

To  approve  the  following  activities  required  for the implementation of the
option program:

1.1. Ekspress  Grupp issues up to 1.3 million  new shares with the nominal value
of  0.6 euro each share. The  shares are issued to  the option program organizer
chosen by the supervisory board.

1.2. Ekspress  Grupp concludes an agreement  on organising of the implementation
of the option program with a trustworthy third party (option program organizer).
Under  the agreement the option program organizer obliges to purchase the shares
issued  for the  implementation of  the option  program and  sell these  back to
Ekspress  Grupp for the nominal price of the shares and on the terms agreed upon
between the parties.

1.3. To  amend  point  4.10 of  the  resolution  of  AS  Ekspress  Grupp  annual
shareholders' general meeting dated 13.06.2017 and to phrase it as follows:

4.10.   For implementation of the share option program the company obtains up to
1.3 million company's own shares from the option program organizer in the period
starting  from the adoption of this resolution until 01.04.2021. The minimum and
maximum  acquisition price of own shares is the nominal price. AS Ekspress Grupp
shall  pay for the shares from assets  exceeding the share capital and the legal
reserve. The shares may not be encumbered with rights of third persons.

2. Preclusion of the shareholders' preferential right to subscribe shares with
regard to the shares to be issued for implementation of the 13.06.2017 share
option program

To  exclude the shareholders'  preferential right to  subscribe shares which are
issued   for  the  implementation  of  the  share  option  program  approved  on
13.06.2017.

3. Amendment of the Articles of Association

To add clause 5.9 to the Articles of Association in the following wording:

5.9. The  Supervisory Board shall have the right, during a period of three years
from  the  moment  of  entry  into  force  of  this  wording  of the Articles of
Association,  to  increase  the  share  capital  by  contributions  of up to EUR
780,000 (seven hundred and eighty thousand).

4. Approval of the new share option program

To  approve  the  share  option  program  of  AS  Ekspress  Grupp for the period
2021-2023.

The  Articles of Association and  the share option program  of AS Ekspress Grupp
for the period 2021-2023 are enclosed to the current announcement.

 Additional information
 Mari-Liis Rüütsalu
 Chairman of the Management Board
 +372 512 2591
 [email protected]

AS Ekspress Grupp is the leading media group in the Baltic States whose key
activities include web media content production, publishing of newspapers and
magazines and provision of printing services in Estonia, Latvia and Lithuania.
The Group also manages the electronic ticket sales platform and ticket sales
sites in Latvia. Ekspress Grupp that launched its operations in 1989 employs
almost 1700 people, owns leading web media portals in the Baltic States and
publishes the most popular daily and weekly newspapers as well as the majority
of the most popular magazines in Estonia.