Börsiteade

Pealkiri

Changes in Management and Supervisory Boards of subsidiaries of AS Pro Kapital Grupp

Teade

Changes in Management and Supervisory Boards of subsidiaries of AS Pro Kapital
Grupp

AS  Pro Kapital Grupp (Pro Kapital) announces  that at the end of April 2022 the
terms  of  office  of  Paolo  Michelozzi,  Member  of  the  Management Board and
Supervisory  Board of the Group's subsidiaries,  and Olga Rudzika, Member of the
Management  Board  of  Pro  Kapital  Latvia,  will  end. Andrus Laurits, who has
previously  worked in the group for a long  time, will take over as the managing
director  of  AS  Pro  Kapital  Eesti  and  member  of  the  management board in
subsidiaries.  Mr. Laurits will  also be responsible  for trans-Baltic executive
management  and will  serve on  the boards  of subsidiaries Estonia and Germany.
M?rti?sh  Kusi?sh, the company's technical project manager, will join the board in
Pro Kapital Latvia group companies.

"The  team of Pro Kapital sincerely thanks Paolo Michelozzi and Olga Rudzika for
their  contribution to the company for more  than 20 years. As one of the oldest
real  estate developers in  the Baltics, we  can be proud  that we have remained
strong  and stable throughout the region within these years. The Company is very
well-maintained  and  managed,"  said  Edoardo  Preatoni,  CEO of AS Pro Kapital
Grupp.  "At the same  time, I am  extremely pleased that  Andrus Laurits has re-
joined  Pro Kapital. His diverse international  experience brings great value to
the company," added Preatoni.

Pro  Kapital aims to increase people's well-being, enrich urban space and ensure
sustainable  business  in  a  rapidly  changing environment by developing large,
integrated  residential environments.  According to  the CEO  of the  group, the
changes in management will bring new energy, global experience and vision to the
company's  operations. "I  believe that  as a  result of  these changes, we will
ensure  a strong and capable team that  will be able to create outstanding homes
for our customers that will last for decades," explained Preatoni.

After   the  implementation  of  the  changes,  the  management  boards  of  the
subsidiaries  belonging  to  the  AS  Pro  Kapital  Grupp  group will proceed as
follows:

AS Pro Kapital Eesti: Edoardo Axel Preatoni and Andrus Laurits;
AS Tondi Kvartal; Edoardo Axel Preatoni and Andrus Laurits;
OÜ Marsi Elu: Edoardo Axel Preatoni and Andrus Laurits;
OÜ Dunte Arendus: Edoardo Axel Preatoni and Andrus Laurits;
OÜ Kalaranna Kvartal: Edoardo Axel Preatoni and Andrus Laurits;
PK Germany Holding OÜ: Edoardo Axel Preatoni and Andrus Laurits;
OÜ Ilmarise Kvartal: Andrus Laurits;
OÜ Pro Halduse: Kati Rõuk;

Pro Kapital Latvia JSC: Edoardo Axel Preatoni and M?rti?sh Kusi?sh;Kliversala SIA:
Edoardo Axel Preatoni and M?rti?sh Kusi?sh;
Tallina Nekustamie Ipashumi SIA: Edoardo Axel Preatoni and M?rti?sh Kusi?sh;
Nekustamo  ipashumu sabiedriba  Zvaigznes centrs  SIA: Edoardo  Axel Preatoni and
M?rti?sh Kusi?sh;

Pro  Kapital  Vilnius  Real  Estate  UAB:  Edoardo  Axel  Preatoni  and  Neringa
Rasimaviciene;
PK Invest UAB: Edoardo Axel Preatoni and Neringa Rasimaviciene;
In Vitam UAB: no board;

Pro Kapital Germany GmbH: Edoardo Axel Preatoni;
PK Hotel Management Services GmbH: Edoardo Axel Preatoni and Andrus Laurits.

There will be changes also in the Supervisory Council of AS Tondi Kvartal, where
Paolo Michelozzi will be substituted by Petri Olkinuora (the Supervisory Council
Member  of AS Pro Kapital  Grupp) and in the  Supervisory Council of Pro Kapital
Latvija JSC, where Edoardo Axel Preatoni will be substituted by Andrus Laurits.

Registration of changes is in the process.

A summary of the professional experience of Mr Andrus Laurits and M?rti?sh Kusi?sh
can  be found enclosed to  this announcement. Mr. Laurits  and Mr. Kusinsh do not
own any shares of Pro Kapital.


Angelika Annus

Member of the Board

+372 614 4920

[email protected]