Börsiteade

Pealkiri

Protocol of the Ordinary General Meeting of Shareholders of FON SE of 05/12/2019.

Teade

The Management Board of FON SE headquartered in Tallinn, registry code: 14617916, hereby informs that on 5/12/2019 there was held the Ordinary General Meeting of Shareholders of the Company.

There was one Shareholder present at the Meeting - Patro Invest OÜ headquartered in Tallinn, registry code: 14381342 represented by Member of the Management Board Mr Damian Patrowicz (personal identification code: 39008050063) holding 2 812 500 shares of the Company which represents 32,14% of votes at the General Meeting.

The agenda of the Ordinary General Meeting of Shareholders includes the following resolutions:

1.Election of the Chair and the Recorder of the Meeting.

The Chair of the OGM was elected Damian Patrowicz and the Recorder was elected Malgorzata Patrowicz.

Voting results:

Number of shares: 8 750 000

Total number of votes at the meeting: 2 812 500

In favour: 2 812 500 votes, i.e. 100% of the votes represented at the meeting

Against: 0 votes, i.e. 0% of the votes represented at the meeting

Abstained: 0 votes, i.e. 0% of the votes represented at the meeting

Not voted: 0 votes, i.e. 0% of the votes represented at the meeting

The resolution of the meeting was adopted.

2.Approval of the Company's Financial Statement for 2018, i.e. for the period since 01/01/2018 to 31/12/2018.

The Ordinary General Meeting of Shareholders decided to approve the Financial Statement of FON SE for the period since 01/01/2018 until 31/12/2018 which consists of:

- Separate financial statement prepared as at 31/12/2018, which on the side of assets and liabilities closes with the sum of EUR 9.338 thousand (nine million, three hundred thirty-eight thousand euros);

- Separate profit and loss account for the financial year since 01/01/2018 to 31/12/2018 showing the net loss of EUR 2 086 thousand (two million eighty-six thousand euros);

- Separate statement of changes in equity for the financial year since 01/01/2018 to 31/12/2018 showing a decrease in equity of EURO 6 237 thousand (six million two hundred thirty-seven thousand euros);

- Separate statement of cash flows for the financial year since 01/01/2018 to 31/12/2018 showing a decrease in cash by EURO 47 thousand (forty-seven thousand euros);

- Corporate governance report;

- Report of Management Board;

- Auditor's report.

Voting results:

Number of shares: 8 750 000

Total number of votes at the meeting: 2 812 500

In favour: 2 812 500 votes, i.e. 100% of the votes represented at the meeting

Against: 0 votes, i.e. 0% of the votes represented at the meeting

Abstained: 0 votes, i.e. 0% of the votes represented at the meeting

Not voted: 0 votes, i.e. 0% of the votes represented at the meeting

The resolution of the meeting was adopted.

3.Covering of the net loss for the period since 01/01/2018 to 31/12/2018.

The Ordinary General Meeting decided to establish that the company's net loss for the period since 01/01/2018 to 31/12/2018 in the amount of EURO 2 086 thousand (two million eighty-six thousand euros) will be covered from future years' profit.

Voting results:

Number of shares: 8 750 000

Total number of votes at the meeting: 2 812 500

In favour: 2 812 500 votes, i.e. 100% of the votes represented at the meeting

Against: 0 votes, i.e. 0% of the votes represented at the meeting

Abstained: 0 votes, i.e. 0% of the votes represented at the meeting

Not voted: 0 votes, i.e. 0% of the votes represented at the meeting

The resolution of the meeting was adopted.

4.Approval of the Company's Supervisory Board Report for 2018

Approve the Company's Supervisory Board Report on its operations in 2018 and the Company's Supervisory Board's written report approving the financial statements for 2018 prepared by the Company's Management Board.

Voting results:

Number of shares: 8 750 000

Total number of votes at the meeting: 2 812 500

In favour: 2 812 500 votes, i.e. 100% of the votes represented at the meeting

Against: 0 votes, i.e. 0% of the votes represented at the meeting

Abstained: 0 votes, i.e. 0% of the votes represented at the meeting

Not voted: 0 votes, i.e. 0% of the votes represented at the meeting

The resolution of the meeting was adopted.

The Management Board of FON SE publishes the full text of the protocol of the Ordinary General Meeting of Shareholders held on 05/12/2019 as an attachment to this report.