Börsiteade

Pealkiri

Adoption of Resolutions of the Annual General Meeting of Shareholders of AS PRFoods Without Convening the Meeting

Teade

The  Management  Board  of AS  PRFoods (registry  code  11560713, address  Harju
County,  Tallinn, Kesklinna  District, Pärnu  mnt 141, 11314; ISIN EE3100101031)
proposes to the shareholders to adopt resolutions without convening a meeting in
accordance with § 299(1) of the Commercial Code.

Questions  pertaining  the  draft  decisions  are  to  be  sent  via  e-mail  to
[email protected]  or via regular mail to  AS PRFoods to Pärnu mnt 141, 11314
Tallinn,  Estonia no later than  22.12.2021. Relevant questions and answers will
be  published  on  the  website  of  AS  PRFoods  www.prfoods.ee.  The  list  of
shareholders  entitled to  vote will  be fixed  on 22.12.2021 at  the end of the
business  day of the Nasdaq CSD settlement system. As at the publication of this
notice,  the  share  capital  of  AS  PRFoods is 7,736,572 euros. AS PRFoods has
38,682,860 ordinary shares, each share giving 1 vote at the general meeting. The
voting  period  lasts  from  23.12.2021 to  29.12.2021 (incl.). If a shareholder
abstains  from voting, the shareholder shall be deemed to have voted against the
resolution.  The  voting  ballot  is  available  on  the  website  of AS PRFoods
www.prfoods.ee.

A shareholder has the following options to cast the vote:

(i)  By  sending  the  voting  ballot  filled  in  and  digitally  signed by the
shareholder or signed and scanned by the voting shareholder or by the authorized
representative via e-mail to [email protected] during the voting period.

(ii)  By submitting  or sending  the voting  ballot filled  in and signed by the
shareholder  entitled  to  vote  or  by  the shareholder's representative to the
office of AS PRFoods at Pärnu mnt 141, 11314 Tallinn, Estonia so that it arrives
no later than at 17:00 PM on 29.12.2021.

In  order to verify the identity of a shareholder, the voting ballot sent via e-
mail must be digitally signed. If sending a signed and scanned voting ballot via
e-mail  or sending a voting ballot by post,  a copy of the personal data page of
the  shareholder's  or  shareholder's  representative's  identity document (e.g.
passport or ID card) (incl. the document's validity date) shall be sent with the
voting  ballot. The shareholder's representative shall also submit a valid power
of  attorney  in  Estonian  or  English  language  in  a  reproducible  form.  A
shareholder  may use the proxy  template available on the  website of AS PRFoods
www.prfoods.ee.  A shareholder  who is  a legal  person registered  in a foreign
country,  shall  submit  a  copy  of  the extract from the corresponding foreign
commercial  register, which shows  the right of  the representative to represent
the  shareholder  (legal  authorization).  The  extract  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
regarding the decisions to be adopted are the following:

1. Approval  of  the  annual  report  of  AS  PRFoods  for the financial year of
2020/2021

The  proposal of the  Supervisory Board of  AS PRFoods is  to approve the annual
report of AS PRFoods for the financial year of 2020/2021.

2. Confirmation  of the loss of AS  PRFoods for the financial year 2020/2021 and
decision to cover the loss

The  proposal of the Supervisory Board of AS  PRFoods is to confirm the loss for
the  financial year 2020/2021 in the amount of 5,069 thousand euros and to cover
the loss as follows:

a) 51 thousand euros from statutory capital reserve;
b) 5,018 thousand euros from share premium.

3. Appointment of the auditor for the financial year 2021/2022 and determination
of the auditor's fee

The  Supervisory Board of AS PRFoods proposes  to approve the audit company KPMG
Baltics  OÜ  (registry  code  10096082) as  the  auditor  of  AS PRFoods for the
financial  year  2021/2022 and  to  pay  the  audit  company  for  the  audit in
accordance with the agreement to be entered into with KPMG Baltics OÜ.

As  of the publication  of this notice,  the shareholders can  acquaint with the
materials  of the general meeting, draft  resolutions and other documents of the
general  meeting on the website of AS  PRFoods www.prfoods.ee and on the website
of the Estonian branch of NASDAQ CSD SE www.nasdaqbaltic.com.

The  resolutions  adopted  by  the  shareholders  will  be  published as a stock
exchange  announcement and on the website of AS PRFoods according to the Article
299(1)(6).

Indrek Kasela

Member of the Management Board of AS PRFoods