AS Ekspress Grupp to acquire conference business in Lithuania

On  December 18, 2024, UAB Delfi, 100% subsidiary  of AS Ekspress Grupp, entered
into  the contract  for the  acquisition of  100% of shares  in the  company UAB
Kenton Baltic from Dainius Baltrusaitis and Arturas Laucius.

UAB  Kenton Baltic carries out activities related to organization of conferences
in  Lithuania  and  Latvia.  It's  flagship,  the business conference named EBIT
brings  together industry leaders and experts to share insights, discuss trends,
gathering  more than 2000 yearly  attendees per both  countries. Another popular
conference  named  HR  Week  is  dedicated  to  human  resources  management and
leadership   with   2300 yearly  visitors.  It  serves  as  a  platform  for  HR
professionals  to exchange ideas,  learn about the  latest practices, and foster
collaboration   to  address  workforce-related  issues  in  a  dynamic  business
environment.  Both conferences are  very well known  in Lithuania and Latvia for
impressive speakers and all the media content they create.

The  acquisition of  UAB Kenton  Baltic is  an organic  step in Ekspress Grupp's
strategy  with  the  main  goal  of  growing  the  conference business line. The
investment aims to establish UAB Delfi as a very important provider of industry-
specific  conferences, boosting  Delfi brand,  fostering business relationships,
and  creating  new  revenue  streams.  This  initiative  will increase UAB Delfi
conference-related   revenue   and   strengthen  industry  presence,  supporting
strategic  goal  of  expanding  market  visibility  and  creating  new  business
opportunities.

The parties have agreed neither to disclose the price nor any other terms of the
transaction.  The transaction is  partly financed with  a bank loan  from AS SEB
Pank.  The transaction is not considered  as a significant transaction according
to  the rules and regulations of the NASDAQ Tallinn Stock Exchange "Requirements
for  Issuers".  AS  Ekspress  Grupp  confirms  that  the  members of the Group's
Management   and  Supervisory  Boards  are  not  personally  interested  in  the
transaction.  The transaction does not require  prior approval of the Lithuanian
and  Latvian  competition  authority  because  the  aggregate  turnover  of  the
undertakings  concerned is below  the merger notification  threshold provided in
the Lithuanian and Latvian Law on Competition.

Mari-Liis Rüütsalu
Chairman of the Management Board
+372 512 2591
[email protected] (mailto:[email protected])

AS Ekspress Grupp is the leading Baltic media group whose key activities include
web media content production as well as publishing of newspapers, magazines and
books. The Group also operates an electronic ticket sales platform and ticket
offices and provides an outdoor screen service in Estonia and Latvia. Ekspress
Grupp launched its operations in 1989 and it employs almost 1100 people.