Increase of Hepsor AS share capital due to the acquisition of a minority shareholding in Hepsor Latvia OÜ

Hepsor  AS,  registry  code  12099216 (the  Company) Supervisory Board adopted a
decision  on 8 July  2025 to increase  the share  capital of  the company by EUR
57,821. The increase of the share capital is linked to the acquisition of a 20%
stake  in Hepsor  Latvia OÜ  (registry code  16193797) from Hugomon OÜ (registry
code  14221704), approved  by  a  shareholders'  resolution of 12 June 2025, for
which  the company will pay in part by  issuing shares in the company to Hugomon
OÜ.

In total 57,821 common shares with nominal value of EUR 1 will be issued without
no premium. After registration of the increase of share capital, the total share
capital  of the Company is EUR 3,912,522. Hugomon  OÜ shall pay for the increase
in  share capital by  a non-cash contribution  (20% stake in  Hepsor Latvia OÜ).
Pre-emption  rights  of  the  company's  shareholders  have been excluded by the
shareholders' resolution of 12 June 2025.

The  new shares entitle the holders to  dividends for the financial year started
01.01.2025 and  to participate in the distribution  of profits from the retained
earnings of previous periods.

Additional information:

Henri Laks
Member of the Management Board
Tel: +372 5693 9114
E-mail: [email protected]
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Hepsor                             AS                             (www.hepsor.ee
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Q2Eh-qC))  is a developer  of residential and  commercial real estate. The Group
operates  in Estonia, Latvia and Canada. In fourteen years of operation, we have
created  2 076 homes and  nearly 36 300 m(2) of  commercial space. Hepsor is the
first  developer  in  the  Baltic  States  to  implement  a number of innovative
engineering  solutions  that  will  make  the  buildings  it  builds more energy
efficient and thus more environmentally friendly. The company has a portfolio of
25 development projects with a total area of 172 800 m(2).