AS PRFoods resolutions of the Shareholders

AS  PRFoods resolutions  of the  Shareholders adopted by  the General Meeting of
Shareholders of AS PRFoods on 24.04.2025 without calling a meeting

The  general meeting of  shareholders (the Meeting)  of AS PRFoods (the Company)
was  held  without  convening  a  meeting  in  accordance  with  § 299(1) of the
Commercial  Code. The voting took place via submitting the voting ballots during
the  period from 03.04.2025 to 24.04.2025. According  to the Commercial Code, in
the  event of non-voting,  the shareholder is  deemed to have  voted against the
resolution.
Following  the  submission  of  the  voting  ballots,  the  Meeting  adopted the
following resolutions:

(2. Restructuring of financial obligations)

To  approve the voluntary  out-of-court restructuring of  the existing financial
obligations  of PRFoods and its subsidiary  Saaremere Kala AS and the conclusion
by PRFoods and its subsidiaries of the documents implementing the restructuring.

Voting results:

+-----------------------------+---------------+-----------------------------+
|Votes                        |Number of Votes|Proportion to total votes (%)|
+-----------------------------+---------------+-----------------------------+
|In favour                    |27,888,446     |74.01%                       |
+-----------------------------+---------------+-----------------------------+
|Against                      |0              |0%                           |
+-----------------------------+---------------+-----------------------------+
|Did not vote (deemed against)|9,794,414      |25.99%                       |
+-----------------------------+---------------+-----------------------------+
|Impartial                    |0              |0%                           |
+-----------------------------+---------------+-----------------------------+
|Total                        |37,682,860     |100%                         |
+-----------------------------+---------------+-----------------------------+

(2. Taking of senior loan from Amber Trust II S.C.A., SICAR (in liquidation) and
amending the terms and conditions of the existing unsecured loan agreement
between Amber Trust II S.C.A., SICAR (in liquidation) and Saaremere Kala AS)

To  approve  the  entry  by  PRFoods  and  its subsidiaries into the senior loan
agreement  with Amber Trust  II S.C.A., SICAR  (in liquidation) as lender, which
amends  and replaces the existing loan agreement concluded on 13 November 2024,
and  to approve taking by PRFoods and its subsidiaries of senior loan from Amber
Trust  II S.C.A.,  SICAR (in  liquidation), as  well as  to approve the entry by
PRFoods  and its subsidiary Saaremere Kala AS into an agreement with Amber Trust
II  S.C.A., SICAR (in liquidation) as lender amending and replacing the existing
unsecured  loan agreement between Amber Trust  II S.C.A., SICAR (in liquidation)
and Saaremere Kala AS.

Voting results:

+-----------------------------+---------------+-----------------------------+
|Votes                        |Number of Votes|Proportion to total votes (%)|
+-----------------------------+---------------+-----------------------------+
|In favour                    |13,074,906     |57.17%                       |
+-----------------------------+---------------+-----------------------------+
|Against                      |0              |0%                           |
+-----------------------------+---------------+-----------------------------+
|Did not vote (deemed against)|9,794,414      |42.83%                       |
+-----------------------------+---------------+-----------------------------+
|Impartial                    |0              |0%                           |
+-----------------------------+---------------+-----------------------------+
|Total                        |22,869,320     |100%                         |
+-----------------------------+---------------+-----------------------------+

The  resolutions were adopted in accordance with the stipulations of the law and
Company's articles of association.

Upon  the adoption of the resolutions  reflected in this stock exchange release,
the  resolutions of the secured note holders and convertible note holders, which
PRFoods  published on 21.04.2025 by means of a stock exchange release, have also
entered  into effect and the amended versions of the terms and conditions of the
notes approved on the basis of the respective resolutions have become binding on
all noteholders.

Kristjan Kotkas
AS PRFoods
Management board member
T: +372 452 1470
[email protected]
www.prfoods.ee