Börsiteade

Pealkiri

Invitation to the Extraordinary General Meeting of Shareholders of Olympic Entertainment Group AS

Teade

OLYMPIC   ENTERTAINMENT   GROUP  AS,  registry  code  10592898, address  Pronksi
19, 10124 Tallinn  (hereinafter the Company),  convenes an extraordinary general
meeting  of shareholders  of the  Company that  will be  held on 29 June 2018 at
15:00 at  the conference center of Hilton Tallinn Park (Kreutzwaldi 23, Tallinn,
Estonia).

Agenda  for  the  extraordinary  general  meeting  (hereinafter  the EGM) is the
following:

1.     Amendment of Section 4.7 of the Company's articles of association;
2.     Exclusion  of the pre-emptive right of  shareholders to subscribe for new
shares for the purpose of Section 4.7;
3.     Insertion of new Section 4.8 to the Company's articles of association;
4.     Exclusion  of the pre-emptive right of  shareholders to subscribe for new
shares for the purpose of Section 4.8;
5.     Amendment  of Sections 8.10.1, 8.10.5, 8.10.6, 8.10.10 and 8.10.11 of the
Company's articles of association; and
6.     Amendment of Section 9.2 of the Company's articles of association.

The  supervisory board of the Company determined the agenda of the EGM and makes
the shareholders the following proposals:

1. Amendment of Section 4.7 of the Company's articles of association

The  right of the Company's  supervisory board to increase  the share capital of
the Company in connection with a share option program as provided in the current
Section 4.7 of the Company's articles of association will expire on 19.04.2019.
The  supervisory board proposes to the EGM to  vote in favor of the amendment of
the Section 4.7 of the Company's articles of association as follows:

"4.7   The Company's supervisory board may during a period of 3 (three) years as
from  29.06.2018 on  one  or  more  occasions  increase the share capital of the
Company  by  up  to  EUR 2,800,000  (two  million  eight hundred thousand euros)
against  contributions by issuing  up to 7,000,000 (seven  million) new ordinary
shares  of the  Company to  the members  of the  management board or supervisory
board  of the Company or  to any other directors  or employees of the Company or
its  direct or indirect  subsidiaries in the  framework of one  or several share
option  program(s) adopted by the supervisory board of the Company, in each case
under exclusion of the pre-emptive right of the shareholders to subscribe to the
new shares."

2. Exclusion  of  the  pre-emptive  right  of  shareholders to subscribe for new
shares for the purpose of Section 4.7

For the purpose of the implementation of the share option program(s) pursuant to
Section  4.7 of the articles  of association, the  supervisory board proposes to
the  EGM to  vote in  favor of  the exclusion  of the  pre-emptive right  of the
shareholders  to subscribe for new shares to  be issued under Section 4.7 of the
articles of association.

3. Insertion of new Section 4.8 of the Company's articles of association

The  supervisory board shall  be entitled to  increase the share  capital of the
Company  to acquire  a business,  a business  division or  a participation  in a
business  or other assets. The supervisory board  of the Company proposes to the
EGM  to  insert  the  following  new  Section 4.8 into the Company's articles of
association:

"4.8   The Company's supervisory board may during a period of 3 (three) years as
from  29.06.2018 on  one  or  more  occasions  increase the share capital of the
Company  by up  to EUR 10,000,000  (ten million  euros) against contributions in
kind  by issuing up  to 25,000,000 (twenty-five million)  new ordinary shares of
the  Company  in  order  to  acquire  a  business,  a  business  division  or  a
participation in a business or other assets, in each case under exclusion of the
pre-emptive right of the shareholders to subscribe to the new shares."

4. Exclusion  of  the  pre-emptive  right  of  shareholders to subscribe for new
shares for the purpose of Section 4.8

For  the purpose of the  financing of the acquisition  of a business, a business
division   or  a  participation  in  a  business  or  other  assets  by  way  of
contributions  in kind,  the supervisory  board proposes  to the  EGM to vote in
favor of the exclusion of the pre-emptive right of shareholders to subscribe for
new  shares to  be issued  to the  contributing person  under Section 4.8 of the
articles of association.

5. Amendment  of  Sections  8.10.1, 8.10.5, 8.10.6, 8.10.10 and  8.10.11 of  the
Company's articles of association

Sections  8.10.1, 8.10.5, 8.10.6, 8.10.10 and 8.10.11 of  the Company's articles
of  association  each  contain  a  threshold  of  EUR 500,000 or EUR 1,500,000,
respectively,  with respect  to certain  transactions or  other decisions of the
management  board  requiring  the  prior  consent  of the supervisory board. The
supervisory  board proposes to the EGM to  reduce such numbers to EUR 300,000 or
EUR  1,000,000, respectively,  and  vote  in  favor  of an amendment of Sections
8.10.1, 8.10.5, 8.10.6, 8.10.10 and   8.10.11 of   the   Company's  articles  of
association to read as follows:

1.)    "8.10.1   the   acquisition,   encumbrance  or  transfer  of  immovables,
registered  movables (including motor vehicles), stocks or other property if the
value of a transaction (or the sum of several transactions essentially connected
with  each  other)  exceeds  EUR  300,000 (three  hundred thousand) per year, or
conclusion   of   transactions   which  may  involve  transfer,  acquisition  or
encumbrance of the mentioned property in the future";

2.)    "8.10.5  the assumption and granting of loans and debt obligations or the
guarantee of debt obligations in the amount exceeding EUR 300,000 (three hundred
thousand)  per  year  or  the  amount  prescribed  in the budget for the current
financial  year per one loan, debt obligation or guarantee or per several loans,
debt obligations or guarantees connected with each other;"

3.)    "8.10.6  the making of investments  in the amount exceeding EUR 1,000,000
(one  million) or  the prescribed  sum for  the relevant  financial year  in the
budget;"

4.)    "8.10.10  the making of all decisions  pertaining to arbitration or court
proceedings  in  matters  with  a  value  exceeding  EUR  300,000 (three hundred
thousand);"

5.)    "8.10.11  the  entering  into  contracts  by  which  the  Company  or its
subsidiaries   assume   obligations  which  exceed  EUR  300,000 (three  hundred
thousand)  per one transaction  or per several  transactions connected with each
other;"

6. Amendment of Section 9.2 of the Company's articles of association

Section 9.2 of the Company's articles of association currently provides that the
Company's management board has one to the three members.

The supervisory board of the Company proposes to the EGM to increase the maximum
number  of the management  board members and  vote in favor  of the amendment of
Section 9.2 of the Company's articles of association as follows:

"9.2  The management board has one to four members."

ORGANISATIONAL ISSUES

After the items on the agenda, including any additional items, are exhausted the
shareholders  may  ask  the  management  board  to provide information about the
business  of  the  Company  in  accordance  with  the procedure published on the
website of the Company http://www.olympic-casino.com.

List  of shareholders entitled to vote at the  EGM will be fixed 7 days prior to
the  EGM, on 22 June  2018, as at the  end of the  working day of the settlement
system.

Registration  to the EGM will start on  the day of the meeting, 29 June 2018, at
14:30. Registration  will  be  carried  out  on  the  basis of an identification
document  and in case of the  shareholder's representative, power of attorney or
any  other document evidencing authorization. The forms of power of attorney and
revocation  of  the  power  of  attorney  are available at the Company's website
http://www.olympic?casino.com   (http://www.olympiccasino.com).  Legal  entities
must  also present  a valid  extract of  the registry  card. The  documents of a
company  incorporated abroad must be legalized or stamped with apostille, if the
international  agreement  does  not  prescribe  otherwise,  and  translated into
Estonian by the sworn translator.

A  shareholder  may  notify  about  the  appointment of a representative and the
withdrawal of the power of attorney of the principal prior to the EGM by sending
respective  digitally signed notice by  e-mail to [email protected] (mailto:[email protected])
or  by delivering respective document(s) on business days from 9 AM till 5 PM at
the  latest by 28 June 2018 to the location of the Company at Pronksi 19, 3(rd)
floor.

The  drafts  of  the  resolutions  and  all  other  EGM  documents shall be made
available at the Company´s website http://www.olympic-casino.com and on business
days  from 9 AM till  5 PM also at  Pronksi 19, 3(rd) floor as  of 7 June 2018.
Questions  in respect of the items  in the agenda of the  EGM may be asked by e-
mail:  [email protected]  (mailto:[email protected])  or  over phone +372 667 1250. Questions,
answers  and the minutes  and resolutions of  the EGM shall  be disclosed at the
Company´s website http://www.olympic-casino.com.

Shareholders,  whose shares represent at least 1/20(th) of the share capital may
request  that additional issues be  included in the agenda  of the EGM, provided
that  the relevant request is submitted in writing at least 15 days prior to the
date  of the EGM, at the latest by  the beginning of the business day (09:00) on
14 June  2018. Shareholders,  whose  shares  represent  at least 1/20(th) of the
share  capital may submit the Company  written draft resolutions regarding every
item on the agenda of the EGM, at the latest 3 days prior to the date of the EGM
by  the beginning of the business day (09:00) on 26 June 2018. The procedure for
exercising these rights, as well as the submitted proposals regarding additional
items  on the agenda, the reasoning for including any items on agenda, and draft
resolutions shall be published after their receipt on the website of the Company
at  http://www.olympic-casino.com. The  drafts and  statements of reason thereof
are  available  for  reviewing  also  at  the  office of the Company on workdays
between 09:00 to 17:00 at Pronksi 19, 3rd floor.


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