Enefit Green

Board/Management Information • Dec 12, 2024

Change in the composition of the Management Board

Andres Maasing, Member of the Management Board and Head of Development at Enefit
Green, will resign at his own request on 4 March 2025.

"Enefit Green has completed or has taken to near completion several important
development projects over the past year. Andres' determination and willingness
to cooperate have been instrumental during this period. I am sad to see him
leaving the company," said Juhan Aguraiuja, Chairman of the Management Board of
Enefit Green.

Enefit Green's Management Board currently consists of three members - Juhan
Aguraiuja, Chairman of the Management Board, Innar Kaasik, Member of the
Management Board responsible for production, and Andres Maasing, responsible for
developments. On 31 January 2025, Argo Rannamets will start his tenure as a
Member of the Management Board and Chief Financial Officer.

Further information:
Sven Kunsing
Head of Finance Communication
[email protected]
(https://www.globenewswire.com/Tracker?data=eahglFI0K4UUxwsmqXkQdO3N_ld1uojlGTE_
vteiKcyQu1wfu3r9tXxEfe64TI9iPjXXdLcA-1wKJKK402r4cwPqdjBXLG-Ga36PZFEEUJ4=)
https://enefitgreen.ee/en/investorile/
(https://www.globenewswire.com/Tracker?data=2hvtWZj2Sah7P5FHBmegLeIoMx1_pu7PK9v_
TsWBkf9HVGRVBco0gBWNAR8sTIf_RfHfPw1v74a_H6m3SjVkIBzGyIVVbjGOe57EOq9-
agKg8ttz2h5EHYmF0la-hs-rAYHvQm2Fvlu3QknP8tcDCA==)

Enefit Green is one of the leading renewable energy producers in the Baltic Sea
area. The Company operates wind farms in Estonia, Lithuania and Finland, waste-
to-energy CHP plant in Estonia, solar farms in Estonia and Poland and a
hydroelectric plant in Estonia. In addition, the Company is developing several
wind and solar farms in the mentioned countries and Latvia. As of the end of
2023, the Company had a total installed electricity production capacity of 515
MW and a total installed heat production capacity of 50 MW. During 2023, the
Company produced 1,343 GWh of electricity, 604 GWh of heat energy and 156
thousand tonnes of wood pellets. In the end of 2023, Enefit Green exited the
biomass based CHP and pellet production businesses.