Harju Elekter

AGM Information • Apr 24, 2025

Decisions of Annual General Meeting of AS Harju Elekter Group

Decisions of Annual General Meeting of AS Harju Elekter Group

The Annual General Meeting of Shareholders of AS Harju Elekter Group was held on
24 April 2025 starting at 10 a.m., at the Nordic Hotel Forum. The AGM was
attended by 62 shareholders and their authorised representatives who represented
a total of 11,354,961 votes, accounting for 61,38 % of the total votes.

The decisions of the General Meeting were as follows:

1. Approval of AS Harju Elekter Group annual report of 2024

Approve the 2024 Annual Report prepared by the Management Board and approved by
the Supervisory Board, according to which the total consolidated balance sheet
as of 31 December 2024 is 153,7 million euros, revenue is 174,7 million euros,
operating profit is 6,4 million euros and net profit is 3,2 million euros.

The number of votes given in favor of the resolution was 11,354,961 which
accounted for 100.00% of the voted participants.

1. Approval of profit distribution

To approve the profit distribution proposal of AS Harju Elekter Group of 2024 as
presented by the management board and as approved by the supervisory board as
follows:

retained earnings         EUR   49,762,244

Net profit for 2024         EUR    3,174,768

total distributable profit as of 31.12.2024         EUR   52,937,012

dividends (0,15 euros per share*)         EUR     2,774,816

Retained earnings after profit distribution         EUR   50,162,196

*Dividends will be paid to shareholders on 28 May 2025, by transfer to the
shareholder's bank account. The list of shareholders for the payment of
dividends is established on 21 May 2025 as at the end of the business day in the
accounting system. The date of the change in the rights related to the
securities (ex-date) is 20 May 2025. From this date, the person who acquired
shares is not entitled to receive dividends for the financial year 2024.

The number of votes given in favor of the resolution was 11,354,766, which
accounted for 100.00% of the voted participants.

1. Amendment of the Articles of Association
   Change the business address to Tallinn, the Republic of Estonia and amend the
   Articles of Association of AS Harju Elekter Group in the form submitted to the
   general Meeting.

The number of votes given in favor of the resolution was 11,243,911 which
accounted for 99.02 % of the voted participants.

1. Remuneration Principles for the members of the Management Board
   To approve remuneration principles for the members of the Management Board of AS
   Harju Elekter Group in the form submitted to the General Meeting.

The number of votes given in favor of the resolution was 11,265,976, which
accounted for 99.22 % of the voted participants.

Tiit Atso
Chairman of the Management Board
+372 674 7400