AS PRFoods resolutions of the Shareholders
AS PRFoods resolutions of the Shareholders adopted by the General Meeting of
Shareholders of AS PRFoods on 27.12.2025 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 06.12.2025 to 27.12.2025. 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:
1. Sale of 100% shareholding in Saare Kala Tootmine OÜ by Saaremere Kala AS
To approve the transfer of the 100% shareholding in Saare Kala Tootmine OÜ,
registry code 10377013, and transfer of the claims arising from shareholder
loans and an inventory loan by AS PRFoods' subsidiary Saaremere Kala AS to
Br?vais Vilnis A/S, Latvian registry code 40003056186. In connection with the
transfer of Saare Kala Tootmine OÜ's shareholding, approve the amendment of the
senior loan agreement concluded by AS PRFoods and its subsidiaries with Amber
Trust II S.C.A., SICAR (in liquidation) as the lender on 02.04.2025 so that
Saare Kala Tootmine OÜ ceases to be a party to the relevant senior loan
agreement.
Voting results:
+--------------------------------+---------------+-----------------------------+
|Votes |Number of Votes|Proportion to total votes (%)|
+--------------------------------+---------------+-----------------------------+
|In favour |24 390 085 |64.72% |
+--------------------------------+---------------+-----------------------------+
|Against |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Did not vote (deemed voted| | |
|against) |13 292 775 |35.28% |
+--------------------------------+---------------+-----------------------------+
|Impartial |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Total |37 682 860 |100% |
+--------------------------------+---------------+-----------------------------+
1. Approval of the annual report for the financial year 01.07.2024 - 30.06.2025
Draft resolution:
Confirm the annual report of AS PRFoods for the financial year 01.07.2024 -
30.06.2025 which was published in a stock exchange notice dated 31.10.2025
(https://view.news.eu.nasdaq.com/view?id=1398103&lang=en).
Voting results:
+--------------------------------+---------------+-----------------------------+
|Votes |Number of Votes|Proportion to total votes (%)|
+--------------------------------+---------------+-----------------------------+
|In favour |24 390 085 |64.72% |
+--------------------------------+---------------+-----------------------------+
|Against |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Did not vote (deemed voted| | |
|against) |13 292 775 |35.28% |
+--------------------------------+---------------+-----------------------------+
|Impartial |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Total |37 682 860 |100% |
+--------------------------------+---------------+-----------------------------+
1. Distribution of profit
Draft resolution:
The net profit for the period 01.07.2024 - 30.06.2025 amounted to EUR
7,338,801.33. Allocate 1/20 of the net profit for increasing the mandatory
reserve capital, i.e., EUR 366,940.07. Transfer the remaining part of the net
profit for the period, i.e., EUR 6,971,861.26, to cover losses from previous
periods.
Voting results:
+--------------------------------+---------------+-----------------------------+
|Votes |Number of Votes|Proportion to total votes (%)|
+--------------------------------+---------------+-----------------------------+
|In favour |24 390 085 |64.72% |
+--------------------------------+---------------+-----------------------------+
|Against |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Did not vote (deemed voted| | |
|against) |13 292 775 |35.28% |
+--------------------------------+---------------+-----------------------------+
|Impartial |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Total |37 682 860 |100% |
+--------------------------------+---------------+-----------------------------+
1. Appointment of the auditor for the 2025/2026 financial year and
determination of the auditor's remuneration
Draft resolution:
To appoint audit firm KPMG Baltics OÜ (registry code 10096082) as the auditor of
AS PRFoods for the 2025/2026 financial year and to remunerate the audit firm for
the audit in accordance with the agreement to be entered into with KPMG Baltics
OÜ.
Voting results:
+--------------------------------+---------------+-----------------------------+
|Votes |Number of Votes|Proportion to total votes (%)|
+--------------------------------+---------------+-----------------------------+
|In favour |24 390 085 |64.72% |
+--------------------------------+---------------+-----------------------------+
|Against |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Did not vote (deemed voted| | |
|against) |13 292 775 |35.28% |
+--------------------------------+---------------+-----------------------------+
|Impartial |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Total |37 682 860 |100% |
+--------------------------------+---------------+-----------------------------+
1. Extension of the terms of office of the Supervisory Board members
Draft resolution:
To confirm the continuation of the mandates of Lauri Kustaa Äimä, Harvey
Sawikin, and Jaakko Karo from December 12, 2025, until the date of this
decision, and to extend their mandates for an additional three-year term from
the date of adoption of this decision.
Voting results:
+--------------------------------+---------------+-----------------------------+
|Votes |Number of Votes|Proportion to total votes (%)|
+--------------------------------+---------------+-----------------------------+
|In favour |24 390 085 |64.72% |
+--------------------------------+---------------+-----------------------------+
|Against |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Did not vote (deemed voted| | |
|against) |13 292 775 |35.28% |
+--------------------------------+---------------+-----------------------------+
|Impartial |0 |0% |
+--------------------------------+---------------+-----------------------------+
|Total |37 682 860 |100% |
+--------------------------------+---------------+-----------------------------+
The resolutions were adopted in accordance with the stipulations of the law and
Company's articles of association.
Kristjan Kotkas
AS PRFoods
Management board member
T: +372 452 1470
[email protected]
www.prfoods.ee