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OEG: Minutes of annual general meeting

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The annual general meeting of shareholders of OLYMPIC ENTERTAINMENT GROUP AS
(hereinafter the Company) was held today, on 16 June 2016, at 3:00 PM at the
Conference centre of Hilton Tallinn Park (Kreutzwaldi 23, Tallinn, Estonia). 

The announcement regarding the Meeting was published on 23 May 2016 on the
webpage of the Company www.olympic-casino.com and through the information
system of the NASDAQ Tallinn and Warsaw Stock Exchange. The announcement
regarding the Meeting was published in the daily newspapers Eesti Päevaleht and
Äripäev on 24 May 2016. 

The Meeting started at 3:00 PM and ended at 3:38 PM. One hundred and seven
(107) shareholders attended the Meeting representing 115,632,992 votes,
constituting 76.18% of the share capital. Therefore the Meeting was competent
to pass resolutions regarding the items on the agenda of the Meeting. 

The following resolutions were passed at the Meeting:



1. Approving the Company’s 2015 consolidated annual report

The Meeting resolved to approve the consolidated annual report of the Company
for the financial year 1 January 2015 - 31 December 2015, according to which
the net profit amount is 25,718,587.02 Euros. 

Tabulation of votes:

In favour:     114,112,345 votes  98.68% of the votes represented at the Meeting
Against:       1,303 votes        0.00% of the votes represented at the Meeting 
Impartial:     186,830 votes      0.16% of the votes represented at the Meeting 
Did not vote:  1,332,514 votes    1.15% of the votes represented at the Meeting 



2. Deciding on the distribution of profit

The Meeting resolved to distribute the net profit of the financial year that
ended on 31 December 2015 in the amount of 25,718,587.02 Euros as follows: 

2.1 To pay a dividend of 0.15 Euros per share, altogether in the amount of
22,768,680.90 Euros, whereas 0.10 Euros per share shall be paid to the
shareholders on 15 July 2016 and 0.05 Euros per share shall be paid to the
shareholders on 14 October 2016; 
2.2 Transfer to the statutory reserve capital: 1,285,929.35 Euros;
2.3 The remaining balance of retained earnings after the distribution of
profit: 27,766,116.39 Euros. 

The list of shareholders who are entitled to receive dividends shall be closed
as follows: 

The list of shareholders entitled to receive the dividend of 0.10 Euros per
share that will be paid on 15 July 2016 shall be closed on 14 July 2016 as at
11:59 PM. The dividends of 0.10 Euros per share shall be paid to the
shareholders on 15 July 2016 by a transfer to the shareholder’s bank account. 

The list of shareholders who are entitled to receive the dividend of 0.05 Euros
per share that will be paid on 14 October 2016 shall be closed on 13 October
2016 as at 11:59 PM. The dividends of 0.05 Euros per share shall be paid to the
shareholders on 14 October 2016 by a transfer to the shareholder’s bank
account. 

Tabulation of votes:

In favour:     115,498,092 votes  99.88% of the votes represented at the Meeting
Against:       25,200 votes       0.02% of the votes represented at the Meeting 
Impartial:     3,770 votes        0.00% of the votes represented at the Meeting 
Did not vote:  105,930 votes      0.09% of the votes represented at the Meeting 



3. Appointing the auditor for auditing the financial year covering the period
from 01.01.2016 - 31.12.2016 

The Meeting resolved to appoint AS PricewaterhouseCoopers (registry code
10142876) as the auditor to the Company and to remunerate the auditor for
auditing the Company’s annual report for the financial year of 2016 in
accordance with the agreement signed between the Company and AS
PricewaterhouseCoopers. 

Tabulation of votes:

In favour:     109,684,751 votes  94.86% of the votes represented at the Meeting
Against:       5,490,972 votes    4.75% of the votes represented at the Meeting 
Impartial:     118,184 votes      0.10% of the votes represented at the Meeting 
Did not vote:  339,085 votes      0.29% of the votes represented at the Meeting 



The resolutions were adopted at the Meeting following the procedure for passing
of resolutions set forth in laws and in the Articles of Association of the
Company. 



Madis Jääger
CEO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail [email protected]
http://www.olympic-casino.com