Market announcement

AS Harju Elekter Group

LEI code

5299009GM96I0NYKWS93

Size of the entity

Large group

Economic activities

Real Estate Activities

Industry sector(s)

Credit rating agency

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

9545

Submission date and time

09.05.2022 13:00:00

Content of announcement in Estonian

Title

Harju Elekter kontserni Leedu tütarettevõtte restruktureerimine

Message

Eesmärgiga eraldada kinnisvara haldamine tootmistegevusest, on Harju Elekter
otsustanud läbi viia Leedu tütarettevõtte jagunemise. Jagunemise käigus
eraldatakse Harju Elekter UAB kinnistud koos haldus- ja tootmishoonetega uude
asutatavasse äriühingusse.

Leedus   asutatav  kinnisvaraettevõte  hakkab  kuuluma  100%liselt AS-ile  Harju
Elekter. Struktuurimuudatus kavandatakse läbi viia lähikuudel.

Harju  Elekter on enam kui 50-aastase kogemusega rahvusvaheline tööstuskontsern,
mille  põhitegevusalaks  on  elektri-  ja  automaatikaseadmete väljatöötamine ja
tootmine. Osa Harju Elektri tehnilistest lahendustest on suunatud taastuvenergia
sektorisse,  pakkudes päikeseenergia jaamade,  elektriautode laadimisseadmete ja
muude  seotud lahenduste tervikpakette.  Eesti, Soome, Rootsi  ja Leedu tehastes
töötab  ligikaudu 900 töötajat  ning kontserni  2022. aasta I kvartali müügitulu
oli  37,3 miljonit eurot.  Harju Elektri  aktsiad on  noteeritud Nasdaq Tallinna
börsil.


Tiit Atso
Juhatuse esimees
Tel 674 7400

Lisainfo:
Tomas Pr?sas
Harju Elekter UAB juht
+37068746399

Koostas:
Ursula Joon
Jurist
Tel 674 7413

Content of announcement in English

Title

Restructuring of the Lithuanian subsidiary of Harju Elekter Group

Message

In order to separate real estate management from production activities, Harju
Elekter has decided to carry out the demerger of its Lithuanian subsidiary. In
the course of the demerger, the real estate of Harju Elekter UAB, including
administrative and production buildings, will be transferred to the new company
being established.

The real estate company to be set up in Lithuania will be 100% owned by AS Harju
Elekter.  The  structural  change  is  planned  to  be implemented in the coming
months.

Harju  Elekter is an  international industrial Group  with more than 50 years of
experience,  whose main activity is the development and production of electrical
and  automation equipment. Part of the  technical solutions of Harju Elekter are
aimed  at the renewable  energy sector, offering  complete plans for solar power
plants,  electric vehicle  charging stations,  and other  related solutions. Its
factories  in Estonia, Finland, Sweden,  and Lithuania employ approximately 900
employees,  and  the  Group's  revenue  for  Q1 2022 was 37.3 million euros. The
shares of Harju Elekter are listed on the Nasdaq Tallinn Stock Exchange.

Tiit Atso
Chairman of the Management Board
+372 674 7400

Additional information:
Tomas Pr?sas
Managing Director of Harju Elekter UAB
+37068746399

Prepared by:
Ursula Joon
Lawyer
+372 674 7413