Börsiteade

Pealkiri

Correction: Registration of a Supplement to the Prospectus Relating to the Public Offering and Listing of Secured Notes of AS PRFoods, and Extension of the Offering Period

Teade

In comparison with the company announcement published at 16:52 (Estonian time)
on 16 March 2020, this corrected company announcement includes information on
the right of withdrawal of investors who subscribed for Notes of PRFoods before
the publication of the Prospectus Supplement. Such information has been added to
the end of the company announcement, before the section "Important information".

AS  PRFoods  (hereinafter "PRFoods") hereby announces that on 16 March 2020, the
Estonian  Financial Supervision Authority (hereinafter  the "EFSA") registered a
supplement   (hereinafter   the   "Prospectus  Supplement")  to  the  prospectus
(hereinafter  the "Prospectus") prepared by PRFoods  and approved by the EFSA on
9 March  2020, in relation the public  offering (hereinafter the "Offering") and
listing  (hereinafter  the  "Listing")  of  secured  notes  of PRFoods, with the
nominal value of EUR 100 per note, interest rate of 6.25% per annum and maturity
date on 22 January 2025 (hereinafter the "Notes").

The Prospectus Supplement was prepared to: (i) set out an additional risk factor
specifically  relating to the  severe acute respiratory  syndrome coronavirus 2
(commonly  known as  SARS-CoV-2) and the  infectious disease COVID-19, caused by
the virus; and (ii) due to increased volatility in financial markets, extend the
period  of the  Offering (hereinafter  the "Offering  Period") by two (2) weeks,
until  16:00 (Estonian time) on  30 March 2020 (unless shortened  or extended in
accordance with applicable regulations).

The  Prospectus  Supplement  has  been  attached  to  this company announcement.
Furthermore,  the  Prospectus  Supplement  and  the  Prospectus are available in
electronic    format   on   the   website   of   the   EFSA   (https://www.fi.ee
(https://www.fi.ee/))      and      on      the      website      of     PRFoods
(https://prfoods.ee/investor-relations/notes). The Prospectus Supplement and the
Prospectus should be read as a whole.

As  set out in  the Prospectus Supplement,  in relation to  the extension of the
Offering Period, the term of all other steps related to the Offering and Listing
will  be extended by two (2) weeks.  Therefore, the timetable brought out in the
notice  of  public  offering  of  the  Notes,  published by PRFoods by a company
announcement  titled "Notice of Public Offering  of Secured Notes of AS PRFoods"
on 10 March 2020, is amended as follows:

+-----------------------------------+------------------------------------------+
|                                   |Start of the subscription period for the  |
|10 March 2020 10:00 (Estonian time)|Notes                                     |
+-----------------------------------+------------------------------------------+
|                                   |End of the subscription period for the    |
|30 March 2020 16:00 (Estonian time)|Notes                                     |
+-----------------------------------+------------------------------------------+
|On or about 1 April 2020           |Publication of the results of the Offering|
+-----------------------------------+------------------------------------------+
|                                   |Transfer of the Notes to the accounts of  |
|On or about 3 April 2020           |the investors                             |
+-----------------------------------+------------------------------------------+
|                                   |Expected listing of the Notes and the     |
|                                   |first trading day on the Baltic Bond List |
|On or about 6 April 2020           |of the Nasdaq Tallinn Stock Exchange      |
+-----------------------------------+------------------------------------------+

Also, the expected date of listing and admission to trading of the Notes brought
out  in section  "Listing and  Admission to  Trading of  the Notes" of the above
referred company announcement is amended to on or about 6 April 2020.

In  relation to the amendment of the dates brought out above, the final terms of
the  Notes have  also been  amended. The  amended final  terms of  the Notes, as
approved  by  the  management  board  of  PRFoods,  have  been  appended  to the
Prospectus Supplement.

In  connection with the publication of  the Prospectus Supplement, investors who
have   submitted   a   subscription  undertaking  to  subscribe  for  the  Notes
(hereinafter  the  "Subscription  Undertaking")  before  the  publication of the
Prospectus  Supplement,  shall  have  a  right  to  withdraw  their Subscription
Undertakings  within two business  days as of  the publication of the Prospectus
Supplement,   i.e.  until  18 March  2020. The  procedure  for  withdrawing  the
Subscription  Undertaking  is  described  in  more  detail in Section 2.1 of the
Prospectus Supplement.

Important information:

This  announcement is not  to be construed  as an offer  or solicitation for the
purchase  of the Notes, nor shall  the sale or offer of  the Notes take place in
any  jurisdiction where such offer, invitation or sale would be unlawful without
the  exception  or  qualification  of  law,  prior  to  the  registration of the
prospectus.

The  information  contained  in  this  notice  is  not intended to be published,
distributed  or transmitted, in whole or in part, directly or indirectly, in the
United  States,  Australia,  Canada,  Hong  Kong, Japan, New Zealand, Singapore,
South Africa, or in any other country or circumstance where publication, sharing
or transmission would be unlawful.

Before  making an investment decision, investors should read the Prospectus, the
summary  of the Prospectus and, if necessary, consult with a person specialising
in advising on such investments.

Additional information:
Indrek Kasela
AS PRFoods
Member of the management board
+372 452 1470
[email protected] (https://www.globenewswire.com/Tracker?data=Q4azPUChLBb8-
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