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Pealkiri

Resolutions of the annual general meeting of Hepsor AS

Teade

The  annual  general  meeting  of  shareholders  of  Hepsor  AS  (registry  code
12099216, address  Järvevana  7b, 10112 Tallinn)  was  held on Wednesday, 20 May
2026 at  11:00 in the conference centre of Mövenpick Hotel Tallinn at Lembitu tn
12, Tallinn.

The  notice  of  convening  the  ordinary  general  meeting  of shareholders was
published  on 29 April 2026 in the newspaper Postimees and on 27 April 2026 as a
stock  exchange  news  through  the  information  system of Nasdaq Tallinn Stock
Exchange. Therefore, the meeting was duly convened.

The list of shareholders eligible to participate at the ordinary general meeting
of  shareholders was  fixed 7 days  before holding  the meeting,  i.e. on 13 May
2026 at the end of the working day of the settlement system of Nasdaq CSD SE.

As  at the  date of  fixing the  list of  shareholders, Hepsor AS has altogether
8302 shareholders who hold altogether 3,912,522 shares.

The  ordinary general meeting of shareholders  was eligible to adopt resolutions
due  to the fact  that 22 shareholders participated  at the meeting whose shares
represent  3,079,463 votes,  i.e.  78,71% of  all  the  votes represented by the
shares  of Hepsor AS, including 3 shareholders  who chose to use the opportunity
to vote before the meeting and whose shares represent 1,026,161 votes.

The   general  meeting  of  shareholder  of  Hepsor  AS  adopted  the  following
resolutions:

 1. Approval of the 2025 annual report

It  was decided to  approve the 2025 annual  report of Hepsor  AS in the form as
submitted to the general meeting.

 1. Distribution of profit

It was decided to distribute profit as follows - retained earnings from previous
periods is EUR 7,257 thousand. The net profit for the 2025 financial year is EUR
399 thousand.  Therefore, the total distributable  profit is EUR 7,656 thousand.
It was decided to distribute the profit as follows:

 1. to pay a dividend of EUR 0.27 per share, i.e. to distribute the profit in
    the amount of EUR 1,056 thousand as dividends to shareholders;
 2. to leave the remaining retained earnings in the amount of EUR 6,600 thousand
    undistributed.

The  record date for shareholders entitled to dividends is 12.06.2026 at the end
of  the Nasdaq CSD Estonian settlement system business day. Accordingly, the ex-
date  is  11.06.2026. Dividends  will  be  paid to shareholders on 19.06.2026 by
transfer to the shareholder's bank account.

 1. Approval of transaction

It  was decided  to approve  the transactions  arising from  the HEPSOR  PHX5 OÜ
shareholders'  agreement  entered  into  on  18.12.2025 between  HEPSOR PHX5 OÜ,
Hepsor AS and AS Phoenix Land.

 1. Appointment of auditor

It  was decided to appoint Grant  Thornton Baltic OÜ (registry code 10384467) as
the  auditor of Hepsor AS for the audit  of the annual reports for the financial
years  2026 and 2027. It was decided to  determine the auditor's remuneration in
accordance  with the  agreement to  be entered  into with  the auditor,  and the
management board of Hepsor AS was authorised to enter into such agreement.


Martti Krass
Member of the Management Board
Tel.: +372 5692 4919
e-mail: [email protected] (mailto:[email protected])



Hepsor                             AS                             (www.hepsor.ee
(https://www.globenewswire.com/Tracker?data=nrjUmrikd4WiI7Jx6Zi8oAm25-4Mr-
nJ3UstKKgKTnoTNeLO-fzGTWYMX6Xt4YQR_1YPF6c0T0zcs7LFTW5mJw==))  is a  developer of
residential  and commercial real  estate. The Group  operates in Estonia, Latvia
and  Canada. During our  fifteen years of  operation, we have created 2000 homes
and nearly 44 000 m(2) of commercial space. Hepsor is the first developer in the
Baltic  states to  implement a  number of  innovative engineering solutions that
make   the  buildings  it  constructs  more  energy  efficient,  and  thus  more
environmentally  friendly.  The  company's  portfolio  includes  a  total of 37
development  projects with a total  area of 195 300 m(2). In addition, the Group
is active in five projects in Canada, where the main activity is the preparation
of detailed spatial plans for land, thereby achieving greater building rights.