Börsiteade

Pealkiri

Notice of calling the annual general meeting of Enefit Green AS

Teade

The Management Board of Enefit Green AS (hereinafter the Company) (registry code
11184032, located  at Lelle 22, 11318 Tallinn, Harju  county, Estonia) calls the
annual  general meeting  of the  shareholders of  the Company  on 24 May 2023 at
13.00 (EEST) at Kai Art Centre (Peetri 12, Tallinn).

A  webcast of the meeting is also  planned, the corresponding link to follow the
broadcast  will be made publicly  available on the Company's  website. It is not
possible  to ask questions or participate in voting via the webcast. The meeting
will  be held in  Estonian and simultaneous  interpretation into English will be
provided on site.

The  list of shareholders entitled to participate at the general meeting will be
established  7 (seven) days before the general  meeting, i.e. on 17 May 2023, as
at the end of the business day of the settlement system of Nasdaq CSD (Estonia).

Registration  of meeting participants begins at the  place of the meeting on the
day of the meeting ie. 24 May 2023 at 12.00 and ends at 12.50. We kindly ask all
shareholders  and their representatives  to arrive as  early as possible, taking
into account the time required for registration of participants.

At  the  registration  for  the  general  meeting, we kindly ask shareholders to
submit the following documents:

 1. shareholders who are natural persons are required to submit their identity
    document; representatives must also submit a valid written authorisation
    document in Estonian or English;
 2. legal representatives of shareholders who are legal persons are required to
    submit their identity document; authorised representatives must also submit
    a valid written authorisation document in Estonian or English. If the legal
    person has not been registered in the Estonian Commercial Register, we
    kindly request submission of a valid extract from the register in which the
    legal person has been registered and under which the representative is
    authorised to represent the shareholder (legal right of representation). The
    extract must be prepared in English or translated into English by a sworn
    translator or official equivalent to a sworn translator, be verified by a
    notary, and be legalized or bear an apostille. If the authorisation of the
    legal representative of a shareholder who is a legal person of a foreign
    state is not evident from the extract of the Estonian Commercial Register,
    the Company may register the shareholder who is a legal person of a foreign
    state as a participant in the AGM also in case all required information is
    contained in another document assessed as suitable by the Company.

Before  the annual general meeting,  we kindly ask the  shareholder to notify of
the  appointment of  a representative  of the  Company or  the withdrawal of the
authorisation granted to the representative by sending a corresponding digitally
signed  power of attorney or a .pdf copy  of the original power of attorney (the
original  power of  attorney must  be submitted  at the  meeting) to  the e-mail
address    [email protected]    (mailto:[email protected])   or   by
delivering  the original  power of  attorney in  person on  working days between
9.00 and  16.00 (EEST) to the address Lelle 22, 11318 Tallinn, no later than 19
May  2023 at 16.00 (EEST). A shareholder may use the proxy form available on the
Company's                website                at               enefitgreen.ee/
(https://enefitgreen.ee/investorile/)investorile
(https://enefitgreen.ee/investorile/)

According  to the resolution of  the Supervisory Board of  the Company dated 21
April  2023, the agenda of the  annual general meeting and  the proposals of the
Supervisory Board to the shareholders are as follows:

1. Address of the Chairman of the Supervisory Board

2. Approval of the Annual Report 2022

Draft resolution: To approve the 2022 annual report of Enefit Green AS as
presented to the general meeting.

3. Approval of the remuneration report of the Management Board for the financial
year 2022

Draft resolution: To approve the remuneration report of the Management Board of
Enefit Green AS in 2022 as an annex to the annual report as presented to the
general meeting.

4. Distribution of profit

Draft resolution:

4.1 Distribute the net profit of Enefit Green AS for the financial year 2022 in
the amount of 110,207 thousand euros as follows:

4.1.1. Pay out 54,969 thousand euros (0.208 euros per share) in dividends.

4.1.2. Transfer 2,297 thousand euros to the mandatory reserve capital. Not to
make any allocations for other reserves prescribed by law or by the articles of
association.

4.1.3. Transfer 52,941 thousand euros to the retained earnings of previous
periods.

4.2 The list of shareholders entitled to receive dividends will be established
on 08 June 2023 at the end of the business day of the settlement system of
Nasdaq CSD (Estonia). Consequently, the day of change of the rights related to
the shares (ex-dividend date) is 07 June 2023; from this date onwards, the
person acquiring the shares is not entitled to receive dividends for the
financial year 2022. Dividends will be paid out to the shareholders on 15 June
2023.

5. Recalling of the members of the Supervisory Board

Due to the changes in the Management Board of Eesti Energia AS, Hando Sutter and
Andri Avila should be recalled from the Supervisory Board of Enefit Green AS.

Draft decision: Recall Hando Sutter and Andri Avila from the Supervisory Board
of Enefit Green AS.

6. Election of the members of the Supervisory Board

Due to the changes in the Management Board of Eesti Energia AS, elect Andrus
Durejko and Marlen Tamm as members of the Supervisory Board of Enefit Green AS.

Draft resolution: To elect Andrus Durejko and Marlen Tamm as members of the
Supervisory Board of Enefit Green AS, with a mandate of 3 (three) years from the
adoption of this decision.

The materials of the general meeting (incl. the annual report, the report of the
authorised auditor, the report of the Supervisory Board and the proposal for the
distribution of profits), the draft resolutions and other documents submitted to
the  general meeting in accordance with the law  can be viewed on the website of
the   Company  enefitgreen.ee/  (https://enefitgreen.ee/investorile/)investorile
(https://enefitgreen.ee/investorile/).

The           information          required          by          §          294
(https://www.riigiteataja.ee/akt/112032022012?leiaKehtiv#para294b1)(1)
(https://www.riigiteataja.ee/akt/112032022012?leiaKehtiv#para294b1)    of    the
Commercial  Code  is  published  on  the  website of the Company enefitgreen.ee/
(https://enefitgreen.ee/investorile/)investorile
(https://enefitgreen.ee/investorile/).

A  shareholder can ask questions  about the topics on  the agenda by sending the
relevant    questions    to    the    e-mail   address   [email protected]
(mailto:[email protected]).

A  shareholder has  the right  to receive  information from the Management Board
about the activities of the Company at the general meeting. The Management Board
may  refuse to provide information  if there is reason  to believe that this may
adversely  affect the interests of  the Company. If the  Management Board of the
Company  refuses to provide  information, a shareholder  may require the General
Meeting  to decide on the lawfulness of  the request or submit, within two weeks
from  the date of the  general meeting, an application  to the court in petition
proceedings, to oblige the Management Board to disclose information.

Shareholders,  whose shares represent at least  1/20 of the share capital of the
Company,  may demand  the inclusion  of additional  items to  the agenda  of the
general meeting, if the corresponding request together with the draft resolution
or  justification has  been submitted  no later  than 15 days before the general
meeting,    i.e.   no   later   than   09 May   2023 to   the   e-mail   address
[email protected]  (mailto:[email protected])  or  to  the  address:
Enefit Green AS, Lelle 22, 11318 Tallinn, Estonia.

Shareholders,  whose shares represent at least  1/20 of the share capital of the
Company,  may submit to the  Company a draft resolution  on each agenda item, by
posting    the    draft    to   the   e-mail   address   [email protected]
(mailto:[email protected])   or   to   the  Company's  location  at  Lelle
22, 11318 Tallinn, Estonia. The draft must be submitted in electronic form or by
post  so that it would be delivered to and received by the Company no later than
3 days before the general meeting, i.e. by 21 May 2022 at the latest.

As the agenda of the AGM includes a decision which is the basis for the election
and  removal of members of the supervisory board, and the minutes of the general
meeting must be notarized, a notary shall also participate in the AGM.


Additional information:
Sven Kunsing
Head of Financial Communications
[email protected] (mailto:[email protected])
https://enefitgreen.ee/en/investorile/