Börsiteade

Pealkiri

PRF: Notice of Convening Annual General Meeting of Shareholders of as PRFoods

Teade

AS  PRFoods (registry code 11560713, of  Pärnu mnt 141, 11314 Tallinn, Estonia),
hereby  announces the annual general meeting  of shareholders. This meeting will
be  held  on  the 19(th) of  December,  2019 at  10:00 AM in the conference room
"Sigma" at the ?Radisson Blu Hotel Olümpia" (address: Liivalaia 33, Tallinn).

The  initiator to convene the annual general meeting is the supervisory board of
AS  PRFoods and the  reason for convening  the meeting is  to confirm the annual
report  for 2018/2019, proposal for covering loss,  to appoint an auditor and to
determine the fee of an auditor for 2019/2020 financial year.

The  list of shareholders entitled to vote at the annual general meeting will be
determined  seven days before the meeting, i.e. 12th December 2019 as at the end
of  working  day  of  the  settlement  system  of  the registrar of the Estonian
register of Securities.

At  the  moment  of  issuing  this  notice,  the  share capital of AS PRFoods is
7 736 572 euros.  AS PRFoods  has 38 682 860 ordinary  shares, each  share shall
grant a vote at the annual general meeting.

Registration  to attend the annual general meeting will start at the location of
the  meeting on the day  of the meeting, i.e.  on the 19(th) of December 2019 at
9:30 AM and will finish at 9:55 AM.

In order to register, shareholders are asked to bring the following documents:

  * Shareholders who are private individuals must bring a passport or
    government-issued identity card. A representative of a shareholder must also
    submit a written power of attorney.
  * Representatives of shareholders that are legal entities must bring an
    extract from the respective register where the legal entity is registered
    which confirms the authority of the legal entity's representative to
    represent the legal entity (representation by virtue of law); and
    representative's passport or government-issued identity card. If the legal
    entity is represented by a person who is not the legal representative of the
    legal entity, a written power of attorney is also required. The documents of
    a shareholder located abroad shall be legalized or certified with an
    apostille, unless a relevant international agreement stipulates otherwise.
    AS PRFoods may register a shareholder located abroad as a participant in the
    annual general meeting also in case the notarized power of attorney issued
    to the representative contains all required data about the legal entity and
    its' representative and such power of attorney is valid in Estonia.

Prior  to the annual general meeting, a shareholder may notify AS PRFoods of the
appointment   of   a   representative   or   revoke  authorisation  of  a  given
representative  by sending a digitally signed notice  to AS PRFoods by e-mail to
[email protected] (mailto:[email protected]) or by delivering the respective
document(s)  personally  on  business  days  from  10:00 AM  to  16:00 PM at the
location  of the Company at Pärnu  mnt 141, 11314 Tallinn, Estonia by 18(th) of
December,  2019. Shareholder may use the form of  power of attorney and the form
for  revoking  authorisation  that  are  available  at  website  of  AS  PRFoods
www.prfoods.ee (http://www.prfoods.ee).

According  to the decision of the supervisory board of AS PRFoods, the agenda of
the  annual general meeting along with the  proposal of the supervisory board is
as follows:

1. Confirmation of the annual report of AS PRFoods for 2018/2019

The  supervisory board of AS PRFoods proposes to confirm the annual report of AS
PRFoods  for 2018/2019 and to  acknowledge the overview  given by the management
board on financial results.

2. Proposal for covering loss

The proposal of supervisory board of AS PRFoods:

 a. To confirm the loss of the financial year of 2018/2019 in amount of 1 472
    thousand euros and the retained earnings of 66 thousand euros as of
    30.06.2019;
 b. To cover the loss for the financial year of 2018/2019 from the retained
    earnings of previous periods.

3. Appointing  an auditor for the  financial year 2019/2020 and determination of
the fee of an auditor.

The  supervisory board  of AS  PRFoods proposes  to confirm the auditing company
KPMG  Baltics OÜ (registry code  10096082) as the auditor of  AS PRFoods for the
financial  year 2019/2020 and  to pay  to the  auditing company according to the
contract to be concluded with KPMG Baltics OÜ.

All  documents  relating  to  annual  general  meeting  of  shareholders,  draft
resolutions and other documents of the general meeting are made available at the
website    of    AS    PRFoods www.prfoods.ee   (http://www.prfoods.ee/investor-
relations/shareholders-meetings/2016) from  the  27(th) of  November 2019 and on
business  days from 10:00 AM to 16:00 PM at the location of the Company at Pärnu
mnt 141, 11314 Tallinn (Delta Plaza, 14th floor). Inquiries regarding the agenda
of  the  annual  general  meeting  of  shareholders  can  be  sent to the e-mail
[email protected] (mailto:[email protected])

A  shareholder has the right  to receive information about  the activities of AS
PRFoods  from  the  management  board  at  the  general  meeting.  However,  the
management  board may refuse to disclose the information if there are sufficient
grounds to presume that the disclosure may adversely affect the interests of the
company.  If  the  management  board  refuses  to  disclose the information, the
shareholder  may compel the general  meeting to decide on  the lawfulness of the
shareholder's request or file within two weeks a petition to a court in order to
oblige the management board to disclose the information.

Shareholders  whose shares  represent at  least 1/20 of  the share capital of AS
PRFoods  may request that additional items be  added to the agenda of the annual
general  meeting  if  the  request  is  submitted  at least 15 days prior to the
General  Meeting, i.e. by the 3rd of December  2019, in writing to the following
address:  AS PRFoods, Pärnu mnt 141, 11314 Tallinn, Estonia. Simultaneously with
the  demand on the modification of the agenda  it is necessary to submit a draft
of   the   resolution   or   substantiation  regarding  each  additional  issue.
Shareholders  whose shares  represent at  least 1/20 of  the share capital of AS
PRFoods may propose draft resolutions with respect to each item on the agenda at
least 3 days prior to the annual general meeting, i.e. by the 16(th) of December
2019, by  submitting a proposal to the  following address: AS PRFoods, Pärnu mnt
141, 11314 Tallinn, Estonia.

The  general meeting of the  shareholders of AS PRFoods  will be broadcasted and
additional questions will be answered during the broadcast via web solution

The  live broadcast will be hosted by the Member of the Board Indrek Kasela, who
will  share  information  in  regards  to  agenda  of  the  general  meeting and
transaction.  Shareholders may send  their questions before  the broadcast until
11(th) December by                23:59 by               email [email protected]
(mailto:[email protected]) or   ask  questions  during  the  broadcast  via  web
solution.

To  join  the  broadcast,  please  register by 11(th) December 2019 by 23:59 via
email [email protected]  (mailto:[email protected]). The  list  of  shareholders
entitled  to monitor the  meeting via live  broadcast and ask  questions will be
fixed  on the date  of fixing the  list of shareholders  entitled to vote. After
registration  the shareholder will be provided with instructions how to join the
broadcast  and ask questions during the meeting. Exercising shareholder´s rights
(i.e. voting) is not possible via live broadcast.

The broadcast of the shareholders meeting will be recorded and will be available
online    for    everyone    at    the   company's   website   on www.prfoods.ee
(http://www.prfoods.ee/investor-relations/shareholders-meetings/2016).



Indrek Kasela

Member of the Management Board

AS PRFoods