Supervisory Board decisions

On 22th of March 2018 the Supervisory Board of AS Baltika decided to propose to the general Meeting of shareholders, to decrease the share capital. The share capital shall be decreased to cover prior period losses in a simplified way. Share capital will be reduced by 4,079,850 euros. Share capital is reduced by way of reduction of the nominal value of each share by 0.10 euros. The new amount of the capital of the Company after the reduction of share capital and reduction of nominal value of the shares will be 4,079,850 euros, which is divided into 40,794,850 shares with the nominal value of 0.10 euros.

On 22th of March 2018 the Supervisory Board of AS Baltika decided to propose to the general meeting of shareholders to approve the managers share option program and conditional increase of the share capital by issuing additionally up to 1,000,000 shares. Share options can be exercised in years 2021-22.

The draft resolutions and the procedure for their examination shall be published on 25^th of April 2018 in the notice calling the ordinary general meeting of shareholders.

Maigi Pärnik-Pernik
Member of the Management Board
maigi.parnik@baltikagroup.com