Börsiteade

Pealkiri

Adoption of Resolutions of the General Meeting of Shareholders of AS Baltika Without Convening the Meeting

Teade

The  Management Board of AS Baltika, registry code 10144415, address Valukoja tn
10, Tallinn   proposes   to   the  shareholders  to  adopt  resolutions  of  the
shareholders  without convening a meeting pursuant to § 299(1) of the Commercial
Code.

Any  questions of shareholders relating to  the resolutions proposed can be sent
in         advance         to         the        e-mail [email protected]
(mailto:[email protected]) until  15(th) June and answers to all relevant
questions  will be made public on  website of AS Baltika on www.baltikagroup.com
(http://www.baltikagroup.com/).

The  list of shareholders entitled to vote the shareholders' resolutions will be
fixed  on 15(th) June 2023 at  the end  of the  business day  of the  NASDAQ CSD
settlement system.

Resolutions  of the shareholders can be  voted in the period from 15(th) June to
21(st) June 2023 (inclusive).  If a shareholder abstains, he/she shall be deemed
to have voted against the resolutions.

A shareholder has two options for giving his/her vote:

 1. By e-mail to [email protected]
    (mailto:[email protected]) during the voting period, by sending a
    digitally signed or signed on paper and scanned voting ballot filled in by
    the voting shareholder or his/her authorized representative.
 2. By submitting or sending filled-in voting ballot signed by hand by the
    voting shareholder or his/her authorized representative to the head-office
    of AS Baltika at Valukoja 10, 11415 Tallinn so that it arrives no later than
    21 June 2023 at 4 pm (EET).

When  sending a paper-signed  and scanned voting  ballot by e-mail  or sending a
paper-signed  voting ballot  by post,  a copy  of the  personal data page (incl.
document  validity  date)  of  the  shareholder's  or  his/her  representative's
identity  document  (e.g.  passport  or  ID  card)  must be sent with the voting
ballot.  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. The
shareholder  may  use  the  power  of  attorney  form  attached to the notice of
convening  the general  meeting, which  is available  on both  the Nasdaq Baltic
Exchange   website   (www.nasdaqbaltic.com)   and   the   AS   Baltika   website
(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 statement must be in English or translated into Estonian or
English by a sworn translator or an official equivalent to a sworn translator.

The  proposals of the Management Board approved  by the Supervisory Board are as
follows:

1. Approval of the 2022 Annual report
To approve the 2022 Annual report of AS Baltika as presented.

2. Profit allocation for 2022
To  approve  the  2022 profit  distribution  proposal. Distribute 3,462 thousand
euros as follows:

  * To increase the mandatory reserve capital by 173 thousand euros; and
  * Transfer the remaining 3,289 thousand euros to the undistributed profit
    (loss) of the previous periods.

3. Approval of the remuneration report for 2021
To approve AS Baltika's remuneration report for 2021 in the form presented.

The  resolutions  adopted  by  the  shareholders  will  be  published as a stock
exchange   announcement  and  on  the  website  of  AS  Baltika  no  later  than
28(th) June 2023 in accordance with Commercial Code § 299(1) (6).

Brigitta Kippak
Chairman of The management Board, CEO
[email protected] (mailto:[email protected])