Baltika
Acquisition and Tender offer

Takeover offer of AS Baltika shares

KJK Fund SICAV-SIF, a major shareholder of AS Baltika (“Baltika”), announced in a stock exchange announcement on 3th of September 2019 a mandatory takeover offer for the acquisition of all Baltika shares. At the time of the takeover offer, KJK Fund SICAV-SIF holds 48,505,991 shares in Baltika, representing 89.69% of all Baltika shares. Baltika has issued a total of 54,079,485 registered common shares with the nominal value of 0.10 euros.

The purchase price is EUR 0.1 EUR per share.

The time period for accepting the offer commences on 3 September 2019 and ends at 14:00 (Eastern European Summer Time - Estonian time) on 2 October 2019. Payment of the purchase price and transfer of Baltika shares shall be executed on 11 October 2019. The exact terms and conditions of the takeover offer are set out in the prospectus of the takeover offer and in the announcement of takeover offer.

Maigi Pärnik-Pernik
Member of the Management Board
maigi.parnik@baltikagroup.com