Notice on convening an Annual General Meeting of Shareholders

Notice is hereby given that the Management Board of AS Ekspress Grupp (registry code 10004677, official address Narva mnt 13, 10151 Tallinn) convenes the Annual General Meeting of Shareholders, which will be held on 3^rd of May, 2024 at 10:00 at the seat of AS Ekspress Grupp, in the city of Tallinn, Narva mnt 13, 4^th floor. The registration of participants in the Meeting will commence at 9:30 at the location of the Meeting.

The circle of shareholders entitled to attend the Annual General Meeting will be determined seven days prior to the General Meeting, i.e. on 26^th April, 2024 at the end of the working day of the settlement system.

The shareholders who do not participate in the meeting in person may vote electronically before the meeting.

In order to vote using electronic means the shareholders are to fill in a voting ballot – the ballot is attached to the notice on convening the general meeting both on the website of Nasdaq Baltic stock exchange as well as of Ekspress Grupp. The filled in ballot shall be signed digitally and sent to the Management Board by e-mail at [e-mail] by no later than on 2 May 2024 at 16:00. The exact procedure of the organisation of the electronic voting is also attached to the notice on convening the general meeting on the aforementioned websites.

Pursuant to the decision of the Supervisory Board of AS Ekspress Grupp, the Agenda of the Annual General Meeting of Shareholders is as follows:

1. 1. The approval of the 2023 annual report of AS Ekspress Grupp
   2. The approval of the proposal for distribution of profits
   3. Extension of the mandate of the Member of the Supervisory Board

The Management Board and the Supervisory Board of AS Ekspress Grupp make the following proposals to the shareholders about the items of the agenda.

1. The approval of the 2023 annual report of AS Ekspress Grupp

To approve the 2023 annual report of AS Ekspress Grupp for the financial year from 1^st of January 2023 to 31^st of December 2023.

2. The approval of the proposal for distribution of profits

To approve the Profit Distribution Proposal for 2023. To distribute total EUR 3.35 million as follows:

• to pay dividends 6 (six) euro cents per share in total amount of EUR 1.84 million;
• to increase statutory reserve by EUR 0.17 million;
• the remaining EUR 1.34 million to be allocated to the retained earnings.

Shareholders, entered into the share register of AS Ekspress Grupp on 17 May 2024, at the close of the business of the settlement system, will be entitled to dividends. The day of change of the rights related to the shares (ex-date) is on 16 May 2024; from this date onwards, the person acquiring the shares will not have the right to receive dividends for the financial year 2023. Dividends will be paid to the shareholders on 22 May 2024 to the shareholder’s bank account, which is linked to the securities account.