Decisions of Annual General Meeting of AS Harju Elekter Group

The Annual General Meeting of Shareholders of AS Harju Elekter Group was held on
24 April  2025 starting  at  10 a.m.,  at  the  Nordic  Hotel Forum. The AGM was
attended by 62 shareholders and their authorised representatives who represented
a total of 11,354,961 votes, accounting for 61,38 % of the total votes.

The decisions of the General Meeting were as follows:

1. Approval of AS Harju Elekter Group annual report of 2024

Approve  the 2024 Annual Report prepared by the Management Board and approved by
the  Supervisory Board, according to which  the total consolidated balance sheet
as  of 31 December 2024 is 153,7 million  euros, revenue is 174,7 million euros,
operating profit is 6,4 million euros and net profit is 3,2 million euros.

The  number  of  votes  given  in  favor  of the resolution was 11,354,961 which
accounted for 100.00% of the voted participants.

2. Approval of profit distribution

To approve the profit distribution proposal of AS Harju Elekter Group of 2024 as
presented  by the management board  and as approved by  the supervisory board as
follows:

  retained earnings                                     EUR   49,762,244

  Net profit for 2024                                   EUR    3,174,768

  total distributable profit as of 31.12.2024           EUR   52,937,012


  dividends (0,15 euros per share*)                     EUR     2,774,816

  Retained earnings after profit distribution           EUR   50,162,196

*Dividends  will  be  paid  to  shareholders  on 28 May 2025, by transfer to the
shareholder's  bank  account.  The  list  of  shareholders  for  the  payment of
dividends is established on 21 May 2025 as at the end of the business day in the
accounting  system.  The  date  of  the  change  in  the  rights  related to the
securities  (ex-date) is  20 May 2025. From  this date,  the person who acquired
shares is not entitled to receive dividends for the financial year 2024.

The  number  of  votes  given  in  favor of the resolution was 11,354,766, which
accounted for 100.00% of the voted participants.

3. Amendment of the Articles of Association
Change the business address to Tallinn, the Republic of Estonia and amend the
Articles of Association of AS Harju Elekter Group in the form submitted to the
general Meeting.

The  number  of  votes  given  in  favor  of the resolution was 11,243,911 which
accounted for 99.02 % of the voted participants.

4. Remuneration Principles for the members of the Management Board
To approve remuneration principles for the members of the Management Board of AS
Harju Elekter Group in the form submitted to the General Meeting.

The number of votes given in favor of the resolution was 11,265,976, which
accounted for 99.22 % of the voted participants.


Tiit Atso
Chairman of the Management Board
+372 674 7400