Börsiteade

Pealkiri

Notice of calling the annual general meeting of shareholders of AS Trigon Property Development and notice of changes to the composition of the audit committee

Teade

Notice of calling the annual general meeting of shareholders of AS Trigon
Property Development

AS  Trigon Property Development (registry  code 10106774, address Pärnu mnt 18,
Tallinn  10141, hereinafter the ?Company")  calls the annual  general meeting of
Company's  shareholders, which shall  be held at  14:00 on 4 June 2021 (here and
hereafter  Estonian  time,  GMT+3)  at  the  Company's office, at Pärnu mnt 18,
Tallinn,  10141, IV floor. Registration  for the meeting  starts at 13:00 on the
date of the meeting.

Agenda of the meeting and the Management Board proposals for the draft
resolutions to be adopted, which have been approved by the Supervisory Board:

          1.     Approval  of the annual report of the Company for the financial
year 2020


To  approve the  annual report  of the  Company for  the financial year 2020, in
accordance  with which the consolidated balance sheet value of the Company as at
31 December  2020 was 2,497,679 Euros and the net  profit for the financial year
was 347,893 Euros.

          2.     Allocation of profits for the financial year 2020


To  transfer the consolidated net  profit of the Company  for the financial year
2020, in the amount of 347,893 Euros, to the loss of previous periods.

          3.     Appointment  of  the  auditor  for  the financial year 2021 and
determining the remuneration policy for the auditor


To appoint AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt
15, 10141 Tallinn) as the auditor of the Company for the financial year 2021.
The auditing services will be paid for in accordance with the contract to be
drawn up with the auditor.

          4.     Extension  of the term of office of a member of the Supervisory
Board


In relation to the expiry of the term of office of the member of the Supervisory
Board  of the Company Joakim Johan Helenius, to extend the term of office of the
member  of the  Supervisory Board  of the  Company Joakim  Johan Helenius for an
additional five (5) year period.

          5.     Amendment of the Articles of Association of the Company


In  relation to the reduction of the share  capital of the Company, to amend the
Articles  of Association of the Company  and approve the Articles of Association
in the wording presented to the general meeting of shareholders.

          6.     Reduction of the share capital of the Company


To reduce the share capital of the Company on the following terms:

(i)      Reduce  the share  capital of  the Company  by 1,849,114.07 Euros, from
2,299,020.17 Euros to 449,906.10 Euros.

(ii)      The  share capital will be reduced by decreasing the book value of the
shares:  as a result  of reduction, the  book value of  the Company's share will
decrease  by 0.411 Euros, from  0.511 Euros to 0.10 Euros.  The number of shares
will remain the same (4 499 061);

(iii)      Upon  reducing the share  Capital, a monetary  payment of 0.089 Euros
per  share shall be made  to the shareholders. The  payments to the shareholders
shall be made in accordance with the deadlines prescribed by law;

(iv)      The reason for reducing the share capital is the fact that the Company
has  no need at the moment or in the near future to own share capital within the
registered amount; and

(v)      The  list  of  shareholders  participating  in  the  reduction of share
capital shall be fixed as at 23:59 on 18 June 2021.


Organisational matters

Participation at the meeting

The  list of shareholders entitled to participate in the general meeting will be
determined  as of 7 days  prior to the  general meeting, i.e.  at the end of the
working  day  of  the  Nasdaq  CSD  Estonian  settlement system on 28 May 2021.
Registration  of participants  will start  an hour  before the  beginning of the
meeting,  i.e. at  13:00. We ask  the shareholders  and their representatives to
arrive  in good  time, taking  into account  the time  required to  register the
participants.

For participating in the general meeting, we kindly ask you to present:

 1. Individual shareholders should submit an identity document, their
    representatives should also hold a valid written authorisation;
 2. legal representatives of corporate shareholders should submit their identity
    document; the authorised representative should also hold a valid written
    authorisation document. In case the corporate shareholder is not registered
    in the Estonian Commercial Register, we ask to provide a valid extract from
    the relevant register where the legal person is registered and from which
    the representative's right to represent the shareholder arises. The extract
    must be in English or translated into Estonian or English by a sworn
    translator or an official equivalent to sworn translator. The documents of a
    foreign shareholder must be legalised or authenticated by apostille, unless
    otherwise provided by an international agreement. The Company may also deem
    the shareholder's voting right to be proven, if all the required information
    on the legal person and the representative concerned are given in a
    notarised power of attorney, issued to the representative in a foreign
    country, and the power of attorney is recognised in Estonia.

The  shareholder may notify  the Company of  the appointment of a representative
and  the revocation of  the proxy by  sending the documents  to Company's e-mail
address [email protected]
(https://www.globenewswire.com/Tracker?data=wN3CV2cKvFbAUqTMJhguW6xmQnZ9FFUMQYs0
Y995BjR35jvRI3HcEIvwUy79C-8m3TTBDm0qWTZBQzRYEQuxbj5zKP9-fPiY0adYVuhKnQk=)  or
take  the  above  documents  to  the  Company's office at Pärnu mnt 18, Tallinn,
10141, IV  floor, weekdays  between 9:00 am  - 5:00 pm  by no  later than 2 June
2021 at 17:00 (Estonian time).

In order to authorise a representative, the shareholder may use the template for
power   of   attorney,   which   is   published   on   the   Company's  homepage
http://www.trigonproperty.com/ and   attached  to  the  notice  of  adoption  of
resolutions  on  Nasdaq  Baltic  stock  exchange  homepage (www.nasdaqbaltic.com
(http://www.nasdaqbaltic.com)).  Templates for revocation of  the proxy are also
available at the same place.

In  connection with the spread of  the coronavirus causing COVID-19 disease, the
Management  Board  of  the  Company  urges  the  shareholders  to  appoint Rando
Tomingas, the manager of the Company, as a representative to vote at the general
meeting) and not to participate in the general meeting in person.

Shareholders,  whose shares represent at least  1/20 of the share capital of the
Company,  may demand  the inclusion  of additional  items on  the agenda  of the
annual  general meeting,  if the  corresponding request  is filed  in writing at
least  15 days prior to the general meeting,  i.e. at the latest by 23:59 on 20
May      2021, at      the      e-mail      address      [email protected]
(https://www.globenewswire.com/Tracker?data=wN3CV2cKvFbAUqTMJhguW6xmQnZ9FFUMQYs0
Y995BjR35jvRI3HcEIvwUy79C-8m3TTBDm0qWTZBQzRYEQuxbj5zKP9-fPiY0adYVuhKnQk=)  or to
the Company's office at Pärnu mnt 18, Tallinn, 10141, IV floor. A draft decision
or  rationale must be submitted  at the same time  as the proposal to supplement
the agenda.

Shareholders,  whose shares represent at least  1/20 of the share capital of the
Company,  may submit to the Company in writing a draft resolution on each agenda
item,  by  posting  the  draft  to  the  e-mail  address [email protected]
(https://www.globenewswire.com/Tracker?data=wN3CV2cKvFbAUqTMJhguW6xmQnZ9FFUMQYs0
Y995BjR35jvRI3HcEIvwUy79C-8m3TTBDm0qWTZBQzRYEQuxbj5zKP9-fPiY0adYVuhKnQk=)  or to
the  Company's office at Pärnu mnt  18, Tallinn, 10141, IV floor. 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
23:59 on 1 June 2021 at the latest.

At  the general meeting, shareholders are entitled to receive information on the
activities of the company from the Management Board. Management Board may refuse
to  provide information if there are reasonable grounds for assuming that it may
cause  significant damage  to the  interests of  the company.  In case the board
refuses  to provide information, the shareholder may require the general meeting
to  decide on  the lawfulness  of the  request or  to submit within two weeks an
application to the court in petition proceedings, to oblige the Management Board
to disclose information.

Documents related to the resolutions

Documents,  concerning  the  general  meeting,  draft  decisions  of the general
meeting  and other  documents submitted  to the  general meeting pursuant to law
(including  the  Annual  Report  of  the  Company  for the financial year 2020,
together with the auditor's report and the proposal for distribution of profit),
as   well  as  other  information  subject  to  disclosure,  are  available  for
examination  as attached to the stock  exchange announcement about the notice of
adoption   of   resolutions   published   on   Nasdaq   Baltic   stock  exchange
homepage nasdaqbaltic.com
(https://www.globenewswire.com/Tracker?data=zWLtMSihee8iv_WQdFw1zSPxww3mynXiFlkY
HBthD7G-qMzpWRGfC0_8ExITOSQmIFQ139U8Er1VWRcs5-lq8sTMkSWvu-SC0tjPbdWQzfo=),    on
the Company´s website http://www.trigonproperty.com/, as well as on prior notice
beginning  from the  notification of  the general  meeting until  the day of the
general meeting at Company's office at Pärnu mnt 18, Tallinn, 10141, IV floor on
working  days  from  9:00 am  untill  5:00 pm.  Please  contact us in advance at
[email protected]  (mailto:[email protected]) to  request access to
the documents.

Information on shares and total number of votes, linked to the shares

As  of  11 May  2021, the  share  capital  of  AS Trigon Property Development is
divided  into  4,499,061 shares  with  no  nominal  value. Each share grants its
holder one vote.

Changes to the composition of the audit committee

The Company's Supervisory Board has decided to make change to the composition of
the  audit  committee  of  the  Company,  by recall Karola Sisask and appointing
Mattias  Tammeaid as the new member of  the audit committee. The audit committee
shall  continue  with  two  members,  consisting  of  Kristi  Aarmaa and Mattias
Tammeaid.

Rando Tomingas

Member of the Management Board

Telephone: +372 667 9200

E-mail: [email protected]
(https://www.globenewswire.com/Tracker?data=wN3CV2cKvFbAUqTMJhguW6xmQnZ9FFUMQYs0
Y995BjR35jvRI3HcEIvwUy79C-8m3TTBDm0qWTZBQzRYEQuxbj5zKP9-fPiY0adYVuhKnQk=)