Börsiteade

Pealkiri

ADOPTION OF RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS OF AS BATIKA WITHOUT CONVENING THE MEETING

Teade

AS  BALTIKA, registry code 10144415, located  at Valukoja 10, Tallinn 11415, the
Management  Board  proposes  to  the  shareholders  to adopt resolutions without
convening  a meeting  in accordance  with §  299(1) of the  Commercial Code. The
proposal   to   adopt   resolutions  without  convening  a  general  meeting  of
shareholders  is for the convenience of shareholders and to avoid gatherings due
to COVID-19 pandemic.

Questions regarding the proposals to be decided can be sent in advance to the e-
mail   [email protected]  (mailto:[email protected])  until  April
9, 2021 and  the  answers  to  the  relevant  questions will be published on the
website of AS Baltika www.baltikagroup.com (http://www.baltikagroup.com).

In  addition, shareholders will be  able to participate in  the webinar on April
20, 2021 at  2:00 pm,  registering  no  later  than April 19, 2021 at 3:00 pm by
sending  e-mail  to  [email protected] (mailto:[email protected]).
The  webinar will  be held  in english.  Recording of  the webinar  will be made
available  on companies  website. It  is not  possible to  participate in voting
through the online seminar.

The  list of shareholders entitled to vote for shareholders' resolutions will be
fixed  as of April 9, 2021 as of  the end of the business  day of the Nasdaq CSD
settlement system.

Resolutions of shareholders can be voted on in the period from April 14 to April
21, 2021 (inclusive).  If a shareholder abstains, he/she shall be deemed to have
voted against.

A shareholders have two options to cast their vote:

 1. By sending an e-mail to [email protected] a ballot paper filled in
    and digitally signed or signed and scanned on paper by the voting
    shareholder or his/her authorized representative during the voting period.
 2. By submitting or sending a paper ballot paper completed and handwritten by a
    shareholder entitled to vote or his/her authorized representative to the
    office of AS Baltika at Valukoja 10, 11415, Tallinn, so that it arrives no
    later than 19 April at 16:00. In the absence of technical means, it is
    possible to fill in and sign the ballot paper at the above address at AS
    Baltika's office on working days between 9.00 and 16.00.

In  order to enable the identification of a shareholder, the voting form sent by
e-mail  must be digitally signed. When sending a paper-signed and scanned ballot
paper  by e-mail or sending  a paper-signed ballot paper  by post, a copy of the
personal  data  page  of  the  shareholder's  or  shareholder's representative's
identity document (e.g. passport or ID card) must be forwarded together with the
ballot  paper. The shareholder's representative must  also forward a valid power
of  attorney in Estonian or English in a form that can be reproduced in writing.
A  shareholder  may  use  a  power  of  attorney form, which is available on the
website of AS Baltika www.baltikagroup.com.
If  the shareholder is  a legal entity  registered in a  foreign country, please
forward  a copy  of the  extract from  the relevant foreign commercial register,
which  shows the right of the representative to represent the shareholder (legal
authorization).  The extract must  be in English  or translated into Estonian or
English by a sworn translator or an official equated to a sworn translator.

The  proposals  of  the  Management  Board  approved  by  the  Supervisory Board
regarding the decisions to be adopted are the following:

1. Approval of the annual report for 2020
To approve the annual report of AS Baltika for 2020 as submitted.

2. Distribution of profit for the financial year 2020
To  approve the consolidated net loss for  the financial year 2020 in the amount
of 376,853 euros.

3. Extension of the term of office of the members of the Supervisory Board
Due  to the expiration  of the term,  the terms of  office of the members of the
Supervisory Board Jaakko Sakari Mikael Salmelin, Lauri Kustaa Äimä and Reet Saks
will be extended for the next 3-year term.

4. Appointment of the auditor and remuneration procedure
To  appoint AS PricewaterhouseCoopers as the auditors of AS Baltika for auditing
the  financial year  2021-2022 and to  remunerate the  auditors pursuant  to the
agreement entered into respectively.

From  the publication  of this  notice until  the date  of the  general meeting,
shareholders  will be able to view the annual report of AS Baltika for 2020, the
report  of  the  independent  sworn  auditor  and  the  website of AS Baltika at
www.baltikagroup.com (http://www.baltikagroup.com)
and  the website  of the  Estonian branch  of NASDAQ CSD SE www.nasdaqbaltic.com
(http://www.nasdaqbaltic.com).  Questions about  the agenda  items of the Annual
General   Meeting   can  be  submitted  by  e-mail  to  [email protected]
(mailto:[email protected]) or by letter sent to the address of the public
limited company.

The  resolutions  adopted  by  the  shareholders  will  be  published as a stock
exchange  announcement and on the  website of AS Baltika  no later than 30 April
2021 in accordance with § 299(1 )(6) of the Commercial Code.

Flavio Perini
Member of the Board, CEO
[email protected] (mailto:[email protected])