Comment on information published on the Latvian media portal

AS Ekspress Grupp clarifies in connection with the article published today in
the Latvian portal nra.lv  that the Group's Latvian subsidiary AS Delfi indeed
had a plan to reduce share capital, but this decision was cancelled on September
19, 2025. This was part of regular group financial structure planning related to
the sale of the stake in SIA Altero. The share capital reduction was cancelled
and will not take place, as the group decided to use an alternative financial
solution. These decisions have no impact on the company's daily operations or
financial position.

The share capital reduction plan has no connection with the business dispute
with SIA Ekis & Co-Positioning and Consulting. This company has entered into an
agreement with Delfi to manage advertising sales for the news portal LA.lv.
Delfi has justified concerns regarding the content of invoices presented for
advertising sales and has requested verification of calculation methods. This is
a business dispute that will be resolved through negotiations or legal channels.
This dispute has no material impact on the financial position or operations of
AS Delfi or AS Ekspress Grupp.

AS Delfi is an important part of the Baltic region's largest media group. The
company's revenue in 2024 was 5.5 million euros with a profit of 594,281 euros.
The company fulfills all its contractual obligations, including state-funded
media projects.

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, and publishing of newspapers, magazines and books.
The Group also operates an electronic ticket sales platform and ticket sales
offices in Latvia and Estonia, offers digital outdoor screen service in Estonia
and Latvia. In addition, the Group companies organize conferences, trainings and
events mainly in Estonia and Lithuania but also in Latvia. Ekspress Grupp
launched its operations in 1989 and employs about 1000 people.