Merger of Harju Elekter's subsidiaries has been completed

AS Harju Elekter Group published a stock exchange notice on 2 October 2025
(https://view.news.eu.nasdaq.com/view?id=1391286&lang=en)announcing the start of
the merger process of the Group's Estonian subsidiaries- AS Harju Elekter and
Energo Veritas OÜ. The merger decisions were adopted on 1 December 2025 and an
entry of the merger in the Estonian Commercial Register was made on 16 March
2026.

As a result of the merger, AS Harju Elekter became the legal successor to Energo
Veritas  OÜ,  and  Energo  Veritas  OÜ  was deleted from the Estonian Commercial
Register.  Upon  registration,  all  assets,  rights  and  obligations of Energo
Veritas  OÜ were transferred to AS Harju  Elekter. The balance sheet date of the
merger was 1 January 2026.

As  the  merger  was  conducted  within  the  Group,  it  has  no  impact on the
consolidated  financial position of Harju Elekter  or on its consolidated rights
and obligations.

Tiit Atso
Chairman of the Management Board
+372 674 7400