Börsiteade

Pealkiri

Resolutions of the Extraordinary General Meeting

Teade

The  extraordinary general  meeting of  shareholders of Aktsiaselts Baltika (the
"General  Meeting") was  held at  ­9.30 a.m.  on Thursday,  27th of July 2023 in
Öpiku Conference Center in Tallinn at Valukoja 8.

The  notice of the General Meeting together with the agenda was published on 26
June  2023 via the Nasdaq  Tallinn Stock Exchange  information system and on the
website  of Aktsiaselts Baltika at  https://baltikagroup.com/. The notice of the
General Meeting was also published in Eesti Päevaleht of 27 June 2023.

12 shareholders  registered for  the General  Meeting, whose  shares represented
51 469 021  votes,  which constitute 95,17% of all  the votes represented by the
share  capital  of  Aktsiaselts  Baltika,  and  thus the General Meeting had the
necessary  quorum to  adopt the  resolution on  the matter  on the agenda of the
General Meeting.

The agenda of the General Meeting was as follows:
Approval  of the  merger agreement  concluded on  26.06.2023 between Aktsiaselts
Baltika and KJK BLTK Holding OÜ, the takeover of shares of minority shareholders
and delisting of Aktsiaselts Baltika's shares.

The General Meeting adopted the following resolution:
To  approve  the  merger  agreement  concluded on 26.06.2023 between Aktsiaselts
Baltika  and  KJK  BLTK  Holding  OÜ  (which  transformation into public limited
company  has  been  completed  on  the  date of this announcement, registry code
16008469, address  Magasini  tn  29/2-5, 10138, the  "Main Shareholder") whereby
Aktsiaselts  Baltika as the company being acquired  will be merged with the Main
Shareholder  as the  acquiring company.  To approve  and decide  the takeover of
shares  of minority shareholders of Aktsiaselts  Baltika by the Main Shareholder
in  course of the merger in accordance with Article 421(1) and Chapter 29(1) of
the  Estonian Commercial Code for a  monetary compensation of EUR 0.08 per share
of the Company. To approve and decide the delisting of the shares of Aktsiaselts
Baltika from the Baltic Main List of Nasdaq Tallinn Stock Exchange.

Voting results:

                                94,73% of  the votes represented at the General
 For:          48 758 078 votes Meeting

                                5,27% of  the votes represented  at the General
 Against:      2 710 940 votes  Meeting

                                0,00% of  the votes represented  at the General
 Impartial:    3 votes          Meeting

                                0,00% of  the votes represented  at the General
 Did not vote: 0 votes          Meeting

The resolution was adopted by 48 758 078 votes, which constitutes 94,73% of the
votes represented at the General Meeting. At the General Meeting, the
resolutions were adopted in accordance with the procedure for adopting
resolutions set forth in the law and the Articles of Association of Aktsiaselts
Baltika.

The  minutes  of  meeting  will  be  made  available  to the shareholders at the
Aktsiaselts  Baltika's  registered  address  and  on  the website of Aktsiaselts
Baltika                                     www.baltikagroup.com/annual-meeting/
(http://www.baltikagroup.com/annual-meeting/)  not later  than 7 days  after the
end of the General Meeting.

Pursuant  to Section 369(9) subsection 1 of  the Commercial Code, the management
of  Aktsiaselts  Baltika  will  submit  an  application  to the registrar of the
Estonian  Register  of  Securities  for  the  transfer of the shares of minority
shareholders  to the Main  Shareholder for a  compensation of EUR 0.08 per share
after the lapse of the 1-month period from the adoption of the resolution of the
General Meeting. Pursuant to Section 369(9) subsection 2 of the Commercial Code,
the  registrar will arrange, on the  basis of the said management's application,
the  transfer of  the shares  to the  account of  the Main Shareholder against a
payment  corresponding to the compensation payable  for the shares. The transfer
of  the  shares  to  the  account  of  the Main Shareholder and the simultaneous
transfer  of compensation to minority shareholders is scheduled to take place on
or  around  28.08.2023. The  settlement  of  the  transaction  will  be effected
automatically and no steps need to be taken by the minority shareholders for the
purposes thereof.

Margus Olesk
Member of the Management Board, CFO
[email protected] (mailto:[email protected])