Resolutions of the annual general meeting

The  annual general meeting of  shareholders of AS Merko  Ehitus, held on 15 May
2025, adopted the resolutions on the announced agenda items as set out below.

1. Approval of the annual report of the year 2024
It was decided to approve the annual report of AS Merko Ehitus for the financial
year 2024.

2. Decision on distribution of profits
It was decided to:
(i) approve the net profit for the financial year 2024 as 64,667,471 euros;
(ii)  to pay  a total  of 33,630,000 euros  as dividends  from the net profit of
previous  periods, which is 1.90 euros per share  or 52% of net profit and is in
line  with the  long-term dividend  policy of  paying dividends of 50-70% of the
previous year's net profit;
-  shareholders entered  into the  share register  of AS  Merko Ehitus as of the
close  of the business of the settlement  system on 30 May 2025 will be entitled
to dividends;
- respectively, the date of the change of the rights attached to the shares (ex-
date)  is set to  29 May 2025; from that date  onwards, the person acquiring the
shares is not entitled to receive dividends for the financial year 2024;
-  dividends will  be paid  to shareholders  on 2 June  2025 by transferring the
respective  amount to a  current account linked  to the shareholder's securities
account;
(iii) leave the rest of the net profit undistributed.

3. Election of the members of the Supervisory Board
It was decided to:
(i)  approve the number of  members of the Supervisory  Board as 3 (three) until
06.05.2026;
(ii) elect Kristina Siimar as the member of the Supervisory Board, for a term of
office until 16 May 2028 (inclusive), i.e. for three years.

Ivo Volkov
Chairman of the Management Board
AS Merko Ehitus
Phone: +372 650 1250
e-mail: [email protected] (mailto:[email protected])

AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) group companies
construct buildings and infrastructure and develop real estate. We create a
better living environment and build the future. We operate in Estonia, Latvia,
and Lithuania. As at the end of 2024, the group employed 605 people, and the
group's revenue for 2024 was EUR 539 million.