Decisions of the Annual General Meeting of shareholders of Nordic Fibreboard AS

NORDIC FIBREBOARD AS (reg nr11421437, address Rääma 31, Pärnu 80044) Annual
General Meeting of shareholders was held on Monday, 16th of June 2025 in Nordic
Fibreboard AS office, at Rääma 31, Pärnu.

The general meeting started at 10.00 and ended at 10:15

According to the Articles of Association, the company has a total of 4,499,061
votes, 3 098 974 votes are present representing 68.88% of the share capital and
therefore the General Meeting was quorate to adopt resolutions on the items on
the agenda.

There were 4 (four) Shareholders present, represented by proxy.

The circle of shareholders entitled to participate in the Shareholders' meeting
was determined as of 09.06.2025 at the end of the working day of the Nasdaq CSD
Estonian settlement system.

It was noted that the meeting had been convened in accordance with the
requirements of the law and the Articles of Association.




Resolutions of the Annual General Meeting:

1. Approval of the annual report of the Company for the financial year 2024

Proposal  of the Supervisory Board: To approve  the annual report of the Company
for  the financial year 2024, in accordance  with which the consolidated balance
sheet value of the Company as at 31 December 2024 was 8 252 280,45  euro and the
net loss for the financial year was 785 654,31  euros.

The number of votes in favor of the resolution was 3 098 974, wich is 100,00% of
registered votes.



2. Allocation of loss for the financial year 2024

Proposal  of the  Supervisory Board:  Cover the  net loss for the 2024 financial
year in the amount of 785 654,31 euro from the retained earnings;

The number of votes in favor of the resolution was 3 098 974, wich is 100,00% of
registered votes.



3. Appointment  and remuneration  principles of  auditor for  the financial year
2025

Proposal   of  the  Supervisory  Board:  To  appoint  AS  PricewaterhouseCoopers
(register code: 10142876; aaddress: Pärnu mnt. 15, 10141 Tallinn) as the auditor
of  the Company for the financial  year 2025. Public accounting services will be
paid for in accordance with the contract to be drawn up with the auditor.

 The  number of votes in favor of the resolution was 3 098 974, wich is 100,00%
of registered votes.




Enel Äkke
Nordic Fibreboard AS
Member of Management Board
Phone: + 372 55 52 5550
E-mail: [email protected]