Börsiteade

Pealkiri

AS Pro Kapital Grupp moves to the main list of Nasdaq Tallinn Stock Exchange

Teade

The Listing and Surveillance Committee of the Nasdaq Tallinn Stock Exchange
decided to approve the application submitted by AS Pro Kapital Grupp to
terminate trading in the company's shares on the Secondary List and to list the
shares on the Main List starting from 19 November 2018.

AS Pro Kapital Grupp is the leading real estate development company in the
Baltic States, dedicated to developing high-quality residential and commercial
buildings. The company, founded in 1994, is the first professional real estate
development company in the Baltics. The company has created more than
200,000m(2) of residential and commercial premises.

According to Paolo Michelozzi, the CEO of the company, joining the Tallinn Stock
Exchange's Main List helps the group to move towards achieving its main
objective, which is to become a strategic player at the Baltic real estate
market. "Joining the Main List of the stock exchange is one step along that
path. Technically, we could have made this move earlier, but today we have
reached a stage where, after long-time hard work, we have a number of exciting
and long-term projects under way," he said. "The right time for this is right
now. We believe that joining the Main List of the stock exchange will improve
our visibility and help us to achieve our next goals. We will continue
developing our portfolio, and the highest possible liquidity and attractiveness
on the financial markets will certainly help support that goal."

In its 24 years of operation, the company has accumulated expansive experience
in building integrated living spaces and entire city quarters. Currently,
300,000m(2) of real estate is waiting to be developed in the best districts of
Tallinn, Riga and Vilnius, and by 2028, the expected cash flow from the sales
revenue is expected to exceed 800 million euros.

Nasdaq Tallinn CEO Kaarel Ots said that even though AS Pro Kapital Grupp has
been a listed company for years, he is delighted to see their name now in the
Main List. "I think that the ambition of Pro Kapital Grupp's team as well as
their recent activities, for example opening the shopping and leisure center T1,
have definitely confirmed that they belong among the biggest and best known
companies in the Baltic states, which are in the Main List," said Ots.

The flagship development of the company is the recently opened T1 Mall of
Tallinn, a unique shopping and leisure centre. The centre with its 55,000m(2)
shopping space in total, or more than 200 different retail outlets, also
contains the 7,000m(2 )Super Skypark Entertainment Centre, which includes
Europe's largest trampoline area and a jungle gym, as well as a cinema complex
and a wide variety of catering facilities. At the beginning of 2019, a unique
Ferris wheel will be installed on the roof of the building, with only five
similar installations found in the world, all located in Asia.

In the coming years, the company will continue the construction of the Kristiine
City residential quarters, which will have more than 139,000m(2) of space, of
which 74,500m(2) will be sold, and 24,000m(2) will be leased. The project - one
of the largest residential development projects in the Baltics, is located
conveniently close to the centre of Tallinn and the expected completion date is
in 2027.

In addition, the Kalaranna residential and commercial district will be completed
by 2025 in the vicinity of Tallinn's city centre, with developed capacity of
42,500m(2). The space to be sold is approximately 23,000m(2) and space to be
rented around 9,500m(2).

In Latvia, AS Pro Kapital Grupp is developing the Kliversala Quarter, located in
the centre of Riga on the banks of the River Daugava. The volume of this planned
area with exclusive location is 61,000m(2) and the space to be sold is about
43,000m(2). According to the plans, the project will be completed in 2027.

Shaltinu Namai is a quiet and safe residential area developed by the company in a
unique location in Lithuania. The first stage of the project is completed and
almost sold out. Four houses in the next stage are soon to be completed. The
second stage of the development amounts up to 18,500m(2), of which the space to
be sold forms about 14,000m(2). The expected deadline for the completion of this
brand new district in the vicinity of Vilnius Old Town is 2022.



Allan Remmelkoor
Member of the Management Board
Tel +372 6144 920
Email: [email protected] (mailto:[email protected])
website: www.prokapital.com