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Pealkiri

Organising the annual general meeting of shareholders and participation therein

Teade

The  management board of  Tallinna Kaubamaja Grupp  AS (registry code 10223439,
address  Kaubamaja 1, 10143 Tallinn)  has called  the annual  general meeting of
shareholders on 20 March 2020 at 1 p.m. in the conference centre of Nordic Hotel
Forum  at  Viru  väljak  3, Tallinn.  Considering  that  the Estonian government
announced  an emergency situation on 12 March 2020 due to the pandemic spread of
the  coronavirus around the world and  its likely exponential spread in Estonia,
Tallinna  Kaubamaja Grupp AS  has the following  information and recommendations
for shareholders:

 1. The annual general meeting is not a public meeting or event as described in
    the Emergency Act, the organising of which is prohibited during the
    emergency period. Therefore, the annual general meeting of shareholders of
    Tallinna Kaubamaja Grupp AS will take place at the time and location
    announced in the notice of calling the annual general meeting.
 2. As a responsible company, we recommend that shareholders not participate in
    the meeting physically and offer the following possibilities of taking part
    in the general meeting:

      * Shareholders can participate in the online seminar of the annual general
        meeting at 1 p.m. EET on 20 March 2020. The online seminar will be held
        in Estonian.
      * Shareholders can issue a power of attorney with instructions for voting
        to exercise their rights as a shareholder. If they wish, shareholders
        may designate Jaanus Tehver, Attorney-at-Law and President of the
        Estonian Bar Association as their authorised representative.

Organisational matters

During  the online seminar  of the annual  general meeting of shareholders, Raul
Puusepp  (Chairman  of  the  Management  Board), Marit Vooremäe (Chief Financial
Director),  and Helen Tulve (Chief Legal Officer) will review the results of the
company  and answer questions. As the time for the online seminar is limited, we
recommend sending in your questions no later than at 12 p.m. on 19 March 2020 to
the e-mail address [email protected].

Participating in the online seminar:
In  order to participate in the online seminar, please register no later than at
12 p.m.         on         19 March         2020, using        this        link:
https://register.gotowebinar.com/register/2760162718853711629
You  will be sent  a link to  the online seminar  and instructions for using the
environment.  If this is your first time participating in an online seminar, you
will  be  asked  to  download  the  required  application.  If  downloading  the
application  fails, your  web browser  will open  automatically, allowing you to
listen to the online seminar.
Participants will be sent a reminder via e-mail one hour before the start of the
seminar.  The  seminar  will  be  recorded  and  published on the website of the
company  at https://www.tkmgroup.ee as well as  on the YouTube channel of Nasdaq
Baltic.

What is an online seminar?
An  online seminar is a virtual  conference, during which representatives of the
company  have the  opportunity to  share information  about the  company and its
results.  The online seminar allows direct communication and provides the chance
to ask questions directly from the management of the company.

Power of attorney to exercise the rights of a shareholder
Before   the  general  meeting,  a  shareholder  may  notify  of  authorising  a
representative   and   revoking   the   authorisation   at  the  e-mail  address
[email protected]  (mailto:[email protected]) no later  than on 19 March
2020 at 12:00 p.m or by handing over this document (these documents) between 10
a.m.  and 4 p.m. on working days, to the secretariat of Tallinna Kaubamaja Grupp
AS  at Kaubamaja 1, Tallinn (first floor). In addition to the general forms of a
power  of attorney noted in the notice of calling the general meeting, we hereby
offer  additional forms  for a  power of  attorney with instructions for voting,
which  can  be  found  on  the  website  of  Tallinna  Kaubamaja Grupp AS at the
following    link:   https://www.tkmgroup.ee/en/investor/annual-general-meeting-
shareholders-2020. These  forms of authorisation include  specific points of the
agenda  of the general meeting, draft  decisions, and instructions for voting of
shareholders.  Based on  these instructions,  the shareholders  may vote  for or
against  the  decision,  remain  undecided,  abstain  from voting, or give their
representative  the  right  to  vote  based  on  their own opinion. We offer the
possibility  of designating Jaanus Tehver,  Attorney-at-Law and President of the
Estonian Bar Association, as an authorised representative.

Questions  about  the  general  meeting  can  be  sent  to  the  e-mail  address
[email protected]  or via a letter sent to  the address of the company or by
phone at 66 73 300.

Raul Puusepp
Chairman of the Executive Board
Tel. +372 731 5000