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A subsidiary of Aktsiaselts Infortar signed a shareholders' agreement for acquiring a shareholding in OÜ Estonia Farmid

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On 2. May 2025 OÜ EG Biofond (registry code: 11504910) signed an investment
agreement and a shareholder 'agreement for acquiring a 96,6%% shareholding in OÜ
Estonia Farmid (registry code: 10627556). A 3.4% shareholding is held by Estonia
Farmid OÜ's subsidiary, Osaühing Estonia (registry code: 10038386).
According to the agreements, getting an approval from the Competition Authority
and additional operations are preconditions for completion of the transaction.
Following the transaction, the shareholders of Estonia Farmid OÜ are OÜ EG
Biofond with a 96.6% shareholding and Osaühing Estonia with a 3.4% shareholding.
Estonia Farmid OÜ holds shareholdings in three agricultural companies: Estonia
OÜ, Kabala Agro OÜ, and Sõrandu Farm OÜ, collectively employing nearly 150
people. The agricultural group manages a total of 9,400 hectares of arable land
in Türi and Järva municipalities, of which over 6,000 hectares are owned by the
company. The group's dairy farms are located in Central Estonia - Oisu, Taikse,
and Kabala - with a total of 2,640 dairy cows. The average milk production per
cow at the Estonia dairy farm is among the highest in Estonia, reaching 13,300
kilograms annually. In addition to milk production, the company grows 27,000
tons of grains and rapeseed per year. Estonia Farmid OÜ also owns a 40% stake in
the Oisu biomethane plant, which helps reduce the carbon footprint associated
with milk production.
"Estonia's greatest natural resources are food, timber, and minerals - these are
the pillars of both our current and future economy. Estonia has fertile
farmland, and our milk production is among the best in the region. The dairy
industry is definitely one of the sectors where we can compete internationally,"
said Ain Hanschmidt, Chairman of the Management Board of Infortar.
"The economy is set on three pillars - agriculture, industry, and services. In
recent years, Infortar has expanded its presence across all three sectors to
achieve its ambitions and manage risk. More than that, we have grown to become a
market leader in each," Hanschmidt added.
"Estonia Farmid, one of Estonia's strongest agricultural companies, is doing
well, but further development requires investments and risk-taking on a scale
that the current owners no longer consider reasonable. We're now at a point
where the next steps for Estonia Farmid OÜ should be taken by a new, ambitious
owner," said Jaanus Marrandi, Management Board Member of Estonia Farmid OÜ.
"Estonia Farmid is being acquired by one of Estonia's most prominent and
financially strong groups - known for its solid reputation and international
reach. As a listed company, Infortar provides us with the confidence that the
work done so far, as well as future development and stability, will be ensured,"
Marrandi emphasized.
The transaction is not treated as a transaction beyond everyday economic
activities or a transaction of a significant importance, nor as a transaction
with related persons, within the meaning of the "Requirements for Issuers" part
of the NASDAQ Tallinn Stock Exchange rules. The transaction does not have a
significant impact on Aktsiaselts Infortar's activities. The members of the
Supervisory Board and the Management Board of Aktsiaselts Infortar are not
personally interested in the transaction in any other way.

Infortar operates in seven countries, the company's main fields of activity are
maritime transport, energy and real estate. Infortar owns a 68.47% stake in
Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real
estate portfolio of approx. 141,000 m2. In addition to the three main areas of
activity, Infortar also operates in construction and mineral resources,
agriculture, printing, and other areas. A total of 110 companies belong to the
Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of
affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

Additional information:
Kadri Laanvee
Investor Relations Manager
Phone: +372 5156662
e-mail: [email protected] (mailto:[email protected])
www.infortar.ee/en/investor (https://www.infortar.ee/en/investor)