Decisions of the meeting of noteholders of AS PRFoods

By  a stock exchange announcement  published on 02.01.2025, AS PRFoods (registry
code  11560713, registered  address  at  Pärnu  mnt 141, 11314 Tallinn, Estonia;
"PRFoods")  convened a meeting (the "Meeting") of persons holding the notes (the
"Noteholders")  of  PRFoods,  due  on  22 January  2025 and  bearing  ISIN  code
EE3300001577  (the "Notes"),  issued under  the Terms  and Conditions of Secured
Note  Issue of  PRFoods dated  14 January 2020, as  most recently amended on 20
September 2022 (the "Terms").

The  Meeting took place  on 17.01.2025. The items  on the agenda  of the Meeting
were  voted by Noteholders who hold in aggregate Notes with the Nominal Value of
EUR 6,895,600 i.e. approximately 72% of the aggregate Nominal Value of all Notes
which carry voting rights.

At the Meeting, the Noteholders adopted the following decisions:

First,  to consent  to the  postponement of  the Maturity  Date of the Notes (as
defined  in the Terms and the Final Terms), currently scheduled to be 22 January
2025, and  to  set  the  new  Maturity  Date  of the Notes for 31 March 2025, to
consent  to the extension of the current  interest period and accordingly to the
postponement  of the next Interest Payment Date (as defined in the Terms and the
Final  Terms), currently  scheduled to  be 22 January  2025, and to  set the new
Interest  Payment  Date  for  31 March  2025, and  it  was  agreed that the non-
redemption of the Notes on the original Maturity Date (22 January 2025) and non-
payment  by PRFoods  of the  Interest on  the initial  Interest Payment Date (22
January  2025) shall not constitute a breach of  the Terms or the Final Terms by
PRFoods or the occurrence of an Extraordinary Early Redemption Event (as defined
in the Terms), and to authorise PRFoods to amend, enter into, confirm and submit
all  necessary documentation and  instruments, including the  Final Terms of the
Notes,  that are necessary to reflect the amended Maturity Date (31 March 2025)
and the new Interest Payment Date (31 March 2025).

Noteholders who hold in aggregate Notes with the Nominal Value of EUR 6,895,600
i.e.  approximately 72% of  the aggregate  Nominal Value  of all  Notes carrying
voting rights, voted in favour of the said decision.

Secondly,  it was decided  to amend the  Terms, by supplementing  the Terms with
regulation for written voting procedure and to amend the relevant clauses of the
Terms  in connection  with the  inclusion of  the written  voting procedure and,
resulting  therefrom, a new version of the  Terms in the redaction including the
relevant amendments annexed to this announcement was approved.

Noteholders who hold in aggregate Notes with the Nominal Value of EUR 6,845,100
i.e.  approximately 71.9% of the  aggregate Nominal Value  of all Notes carrying
voting  rights, voted in favour of the  said decision. One Noteholder with Notes
the  aggregate  Nominal  Value  of  which  represented approximately 0.5% of the
aggregate  Nominal Value of  all Notes carrying  voting rights voted against the
said decision.


In  accordance with the Terms, the decisions  described above are binding on all
Noteholders.


ANNEXES
Annex - Note Terms and Conditions (Amended)


Additional information:
Timo Pärn / Kristjan Kotkas
AS PRFoods
Member of the management board
[email protected]
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