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Resolutions of the annual general meeting of Enefit Green AS

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The annual general meeting of the shareholders of Enefit Green AS (hereinafter
the Company) (registry code 11184032, located at Lelle 22, 11318 Tallinn, Harju
county, Estonia) was held on 26 June 2025 at 16.00 (EEST) at Lelle 22, Tallinn).

The notice of calling the general meeting was published on 23 May 2025 in the
stock exchange information system, on Company's website and on 24 May 2025 in
the daily newspaper Postimees. The list of shareholders entitled to vote at the
general meeting was determined on 19 June 2025 at the end of the business day of
the settlement system of Nasdaq CSD (Estonia).

256,875,458 votes were represented at the meeting representing 97.20% of total
share capital of the Company

The general meeting discussed and adopted following resolutions:


Amendment to the agenda of the meeting

The representative of AS Eesti Energia proposed to add item number 5 (On the
formation of a voluntary financing reserve) to the agenda of the meeting. The
proposal was adopted with 256,873,616 votes in favour, representing 100.00% of
the votes represented at the meeting.

1. Approval of the Annual Report 2024

Resolution:

1.1 Approve the 2024 annual report of Enefit Green AS as presented to the
general meeting.

1.2 Approve the 2024 remuneration report of the Management Board of Enefit Green
AS as an annex to the annual report as presented to the general meeting.

The resolution was adopted by 256,875,357 votes in favour, representing 100.00%
of the votes represented at the meeting.

2. Distribution of profit

Resolution:

The consolidated retained earnings of the Enefit Green AS as at 31 December
2024 were 236,502 thousand euros, including net profit for 2024 of 70,268
thousand euros.

2.1 Distribute the net profit of Enefit Green AS for the financial year 2024 in
the amount of 70,268 thousand euros as follows:

2.1.1 Transfer 3,513 thousand euros to the mandatory reserve capital.

2.1.2 Transfer 66,755 thousand euros to the retained earnings of previous
periods.

The resolution was adopted by 256,875,337 votes in favour, representing 100.00%
of the votes represented at the meeting.

3. Takeover of shares belonging to minority shareholders for monetary
compensation

Resolution:

3.1 To approve and carry out the takeover by Eesti Energia AS (registry code
10421629, address Lelle tänav 22, 11318 Tallinn) of the shares of Enefit Green
AS belonging to the remaining shareholders of Enefit Green AS (hereinafter the
"Minority Shareholders") pursuant to § 3631 and § 3637 of the Commercial Code on
the following terms and conditions:

3.1.1 The remuneration to be paid to the minority shareholders is EUR 3.40 per
share taken over;

3.1.2 The transfer of the Shares to be taken over from the Minority Shareholders
to Eesti Energia AS and the transfer of the compensation to the Minority
Shareholders will be arranged by the Registrar of Estonian Securities ("EVR") on
the basis of an application by the Management Board of Enefit Green AS. The
Management Board shall submit this application to EVR one month after the
adoption of this resolution. The compensation shall be paid to the Minority
Shareholders simultaneously with the transfer of the shares to Eesti Energia AS.

The resolution was adopted by 256,873,637 votes in favour, representing 100.00%
of the votes represented at the meeting.

4. Termination of the listing of the Company's shares on the Nasdaq Tallinn
Stock Exchange

Resolution:

4.1 To terminate the listing of the Company's shares on the stock exchange of
Nasdaq Tallinn AS and to submit a respective application to the Listing and
Supervision Committee of the Stock Exchange.

The resolution was adopted by 256,873,972 votes, representing 100.00% of the
votes represented at the meeting.

5. Formation of the voluntary financing reserve (additional item in the agenda)

Resolution:

5.1 In accordance with the clause 11.1 of the Articles of Association, form a
voluntary financing reserve in the amount of 100,000,000 (one hundred million)
euros. Eesti Energia AS shall make a monetary contribution to the voluntary
reserve within 3 (three) working days by transferring the said amount to the
Company's bank account.

The resolution was adopted with 256,873,615 votes in favour, representing
100.00% of the votes represented at the general meeting.

The minutes of the general meeting shall be made available to the shareholders
not later than within 7 days from the date of the general meeting on Company's
website.


Further information:
Sven Kunsing
Head of Financial Communications
[email protected] (mailto:[email protected])
enefitgreen.ee/en/investorile (https://enefitgreen.ee/en/investorile)