Börsiteade

Pealkiri

Correction: EfTEN REAL ESTATE FUND III AS NOTICE CALLING THE ANNUAL GENERAL MEETING OF SHAREHOLDERS

Teade

In item 3 of the agenda, the date of fixing the list of shareholders entitled to
dividends (record date), change in the rights attaching to the shares (ex-date)
and the date of payment of the dividend has been corrected. The corrected notice
following:



The  Management Board of EfTEN Real Estate Fund III AS (registry code 12864036;
seat  Tallinn, A. Lauteri 5) calls an  annual general meeting of shareholders on
14 April 2022 at 10:00.

Venue  of the general meeting: Radisson Collection Hotel second floor conference
centre hall "Tallinn", address Tallinn, Rävala 3.

The  registration of participants of the  general meeting starts at 09:00 on 14
April  2022 at  the  venue  of  the  meeting. The registration ends at 10:00. If
possible,  we request that all shareholders  arrive in time considering the time
required to register the participants of the meeting.
The  list of  shareholders who  shall be  entitled to  participate in the annual
general  meeting shall  be fixed  seven days  prior to  the date  of the general
meeting,  i.e.,  on  07 April  2022 as  at  the  end  of  the working day of the
registrar of the settlement system of the fund's securities.

The  shareholders also may participate by appointing a representative or vote on
the  items on the agenda of the  general meeting using electronic means prior to
the  meeting and watch  the general meeting  by video transmission. Instructions
for  watching  the  general  meeting  via  video  shall be given to the entitled
persons  on the day of the general  meeting before the beginning of the meeting.
When  appointing a  representative, we  recommend you  appoint Viljar  Arakas, a
member  of  the  Management  Board  of  the  fund,  whom  you  can  give precise
instructions  to vote on your behalf on  each agenda item. In case a shareholder
wishes  to  use  the  template  of  power  of  attorney  upon  appointment  of a
representative,  the respective  template is  available on  the webpage of EfTEN
Real Estate Fund III AS https://eref.ee/investorile/uldkoosolekud/.

Electronic voting of draft resolutions
Shareholders  may  vote  electronically  on  the  items on the agenda before the
general meeting is held in accordance with the following procedure:

   i. The electronic vote must be sent to the address [email protected]
      (mailto:[email protected]) not later than on 13 April 2022 at 16:00
      (Estonian time). The shareholder has the right to change or cancel the
      vote given or submit objections not later than indicated in the previous
      sentence.
  ii. The shareholder's vote must be given on the respective form available on
      the fund's website https://eref.ee/investorile/uldkoosolekud/ and must be
      digitally signed. In case several properly filled and signed voting
      ballots are submitted on behalf of one shareholder, only the voting ballot
      received later in time shall be considered valid, and all previous voting
      ballots of that shareholder shall be considered invalid. In case the
      shareholder has submitted the voting ballot, but also attends the general
      meeting in person, all the voting ballots submitted by the shareholder
      before the general meeting shall be considered invalid.
 iii. In case the shareholder is represented at the general meeting by a
      representative, a digitally signed power of attorney certifying the right
      of representation must be submitted to the e-mail address
      [email protected] (mailto:[email protected]) together with the electronic
      vote or before submitting the electronic vote.
  iv. Shareholders who have voted no later than 13 April 2022 at 16.00 (Estonian
      time) shall be deemed to have taken part in the general meeting and the
      votes represented by the shareholders' shares shall be accounted as part
      of the quorum of the general meeting, unless otherwise provided by law.

Pursuant  to the resolution of  the Supervisory Board of  EfTEN Real Estate Fund
III  AS, the annual general meeting will have the following agenda together with
proposals of the Supervisory Board to the shareholders:

Item 1: Management Board's overview of the fund's activities
The  Management Board shall provide an overview  of the activities of EfTEN Real
Estate Fund III AS. The said item is for informational purposes only.

Item 2: Approval of the Fund's annual report for 2021 and remuneration report
The  consolidated  annual  report  of  the  Fund  for  2021 has  been audited by
PricewaterhouseCoopers.  The Supervisory Board has approved the report, prepared
the  Supervisory  Board's  report,  and  submitted  it  together with the profit
distribution  proposal to the general meeting  for approval. Pursuant to § 135³
(5) of the Securities Market Act, a remuneration report is also submitted to the
general  meeting for voting as a note  to the annual report. The compliance with
the requirements established for the remuneration report has been audited by the
auditor of the fund.
Proposal  of the Supervisory  Board: To approve  the annual report 2021 of EfTEN
Real  Estate Fund III AS  and the remuneration report  prepared as a note to the
annual report as submitted to the general meeting.

Item 3: Distribution of profit
Proposal  of the  Supervisory Board:  The consolidated  net profit  of the 2021
financial  year  of  the  fund  is  13,099 thousand  euros.  To  distribute  the
undistributed  profit  as  at  31 December  2021 in  the total amount of 28,412
thousand euros as follows:
Transfers to the reserve capital: 660 thousand euros.
Profit to be distributed between the shareholders (net dividend): 4,058 thousand
euros (80 euro cents per share).
Transfers  to other reserves shall not be made  and profit shall not be used for
any other purposes.
Amount of undistributed profit after transfers is 23,694 thousand euros.
The  list of  shareholders entitled  to dividends  shall be fixed on 28.04.2022
(record  date)  as  at  the  end  of  the  working  day  of the registrar of the
settlement system of the fund's securities. Therefore, the date of change in the
rights attaching to shares (ex-date) is 27.04.2022. As of this date a person who
acquired  shares  is  not  entitled  to  dividends  for the 2021 financial year.
Dividend shall be paid to the shareholders on 06.05.2022 by way of bank transfer
to the shareholder's bank account.

Item 4: Remuneration Principles
Pursuant  to § 135² (11) of the Securities Market Act, the general meeting shall
vote  on the  principles of  remuneration at  least once  every four  years. The
respective  decision of the general meeting  on the approval of the remuneration
principles is advisory for the supervisory board.
Proposal  of the Supervisory Board: To approve the principles of remuneration of
the  members of  the Management  Board of  the fund  as submitted to the general
meeting.

Additional organisational information:
Documents  related to the  general meeting, incl.  the 2021 annual report of the
fund,  report of the sworn auditor,  profit distribution proposal, report of the
Supervisory  Board,  draft  resolutions  of  the  Management Board and any other
information  subject to the  statutory disclosure requirement  are available for
examination  on  the  webpage  of  the fund www.eref.ee (http://www.eref.ee) and
until  the date  (incl.) of  the general  meeting, at  the premises  of the fund
(address  A. Lauteri  5, 10114 Tallinn, 3rd floor)  on working  days from 09:00
until 16:00.
Questions  with respect to the matters on  the agenda of the general meeting can
be submitted via e-mail address: [email protected] (mailto:[email protected]) or
by mail to the address of the fund (Tallinn 10114, A. Lauteri 5) or via phone by
calling + 372 655 9515. Questions, answers, shareholders' proposals with respect
to  the matters on  the agenda and  the minutes of  the general meeting shall be
published  on  the  webpage  of  EfTEN  Real  Estate  Fund  III  AS  www.eref.ee
(http://www.eref.ee).

We  request to submit the following to  register the participants of the general
meeting:
-  in case  of a  shareholder who  is a  natural person, an identity document. A
representative  of  a  shareholder  shall  also  present  a power of attorney in
written form.
-  in case of a shareholder who is  a legal person, an extract from the registry
where  the legal  person is  registered, which  proves the  authorisation of the
representative  to represent the  legal person (right  of representation arising
from  law)  and  an  identity  document  of  the  representative.  In  case  the
representative  is not a legal representative of the legal person, a valid power
of  attorney shall also be required. Where required by applicable law, documents
pertaining to a legal person registered in a foreign country are requested to be
legalized  or duly apostilled. Documents in foreign language are requested to be
accompanied by a translation into Estonian by a sworn translator.

At  the general meeting,  a shareholder is  entitled to receive information from
the  Management Board on  the activities of  the fund. The  Management Board may
decide  to  withhold  information  if  there  is  a  reason  to believe that the
disclosure  of information may cause significant  damage to the interests of the
public limited company. If the Management Board refuses to disclose information,
the  shareholder  may  demand  from  the  general  meeting to adopt a resolution
regarding  the  lawfulness  of  the  information  request or to file, within two
weeks,  a petition  to a  court by  way of  proceedings on  petition in order to
obligate the Management Board to give information.

The  shareholders whose shares represent at  least 1/20 of the share capital may
request  for  additional  items  to  be  included  on  the agenda of the general
meeting,  if the  respective request  is submitted  in writing  at least 15 days
prior  to the general meeting to the address  EfTEN Real Estate Fund III AS,  A.
Lauteri 5, 10114 Tallinn.
The  shareholders whose shares represent at  least 1/20 of the share capital may
present  a draft resolution in respect of each  item on the agenda in writing no
later  than three days  prior to the  general meeting to  the address EfTEN Real
Estate Fund III AS, A. Lauteri 5, 10114 Tallinn.

Prior to the general meeting, the shareholder may notify of the appointment of a
representative  or the revocation of the representative's authority by sending a
digitally    signed    notice    to   the   e-mail   address   [email protected]
(mailto:[email protected])  or by delivering  the signed documents  in person on
working  days between  09:00 to 16:00 to  EfTEN Real  Estate Fund  III AS  at A.
Lauteri 5, 10114 Tallinn at the latest by 13.04.2022 (Estonian time).  In case a
shareholder  wishes to use the template of power of attorney upon appointment of
a  representative, the respective template is  available on the webpage of EfTEN
Real Estate Fund III AS https://eref.ee/investorile/uldkoosolekud/.

Viljar Arakas
Member of the Management Board
Tel: 655 9515
E-mail: [email protected] (mailto:[email protected])