Merko Ehitus

AGM Information • May 15, 2025

Resolutions of the annual general meeting

Resolutions of the annual general meeting

The annual general meeting of shareholders of AS Merko Ehitus, held on 15 May
2025, adopted the resolutions on the announced agenda items as set out below.

1. Approval of the annual report of the year 2024
   It was decided to approve the annual report of AS Merko Ehitus for the financial
   year 2024.

2. Decision on distribution of profits
   It was decided to:
   (i) approve the net profit for the financial year 2024 as 64,667,471 euros;
   (ii) to pay a total of 33,630,000 euros as dividends from the net profit of
   previous periods, which is 1.90 euros per share or 52% of net profit and is in
   line with the long-term dividend policy of paying dividends of 50-70% of the
   previous year's net profit;

3. shareholders entered into the share register of AS Merko Ehitus as of the
   close of the business of the settlement system on 30 May 2025 will be entitled
   to dividends;
4. respectively, the date of the change of the rights attached to the shares (ex-
   date) is set to 29 May 2025; from that date onwards, the person acquiring the
   shares is not entitled to receive dividends for the financial year 2024;

5. dividends will be paid to shareholders on 2 June 2025 by transferring the
   respective amount to a current account linked to the shareholder's securities
   account;
   (iii) leave the rest of the net profit undistributed.

6. Election of the members of the Supervisory Board
   It was decided to:
   (i) approve the number of members of the Supervisory Board as 3 (three) until
   06.05.2026;
   (ii) elect Kristina Siimar as the member of the Supervisory Board, for a term of
   office until 16 May 2028 (inclusive), i.e. for three years.

Ivo Volkov
Chairman of the Management Board
AS Merko Ehitus
Phone: +372 650 1250
e-mail: [email protected] (mailto:[email protected])

AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) group companies
construct buildings and infrastructure and develop real estate. We create a
better living environment and build the future. We operate in Estonia, Latvia,
and Lithuania. As at the end of 2024, the group employed 605 people, and the
group's revenue for 2024 was EUR 539 million.