Conversion of the share capitals of the Estonian companies belonging to the group of companies of AS Premia Foods into euro

14.02.2011

On 4 February, AB „Premia KPC“, the sole shareholder of AS Premia Tallinna Külmhoone; AS Premia Foods, the sole shareholder of Saaremere Kala AS; Saaremere Kala AS, the sole shareholder of Vettel OÜ; and Saaremere Kala AS, the sole shareholder of GourmetHouse OÜ, adopted the resolutions on converting the share capitals of the referred companies into euro.

According to the above-mentioned resolutions, the share capitals of the Estonian companies belonging to the group of companies of AS Premia Foods are as follows:

Upon the conversion of the share capitals, all the share capitals have been rounded up or down to the closest possible amounts.

In connection with the conversion of the share capitals into euro, all the Articles of Association of the referred companies have been amended. The amended versions of the Articles of Association will be available in the Commercial Register.

In addition to the conversion of the share capitals into euro, the resolutions on appointment of an auditor were adopted in respect of all the companies in question. Rimess OÜ (register code 10384467, registered address Ahtri 6a, Tallinn, 10151) was appointed as an auditor of all the companies and it was decided to remunerate the work of the auditor according to agreements executed with the latter.

The above-mentioned changes in the date of the Commercial Register and the Estonian Central Register of Securities are expected to be registered within this week.

The conversion of the share capital of AS Premia Foods into euro and amendments to the Articles of Association connected with the conversion will be added to the agenda of the planned extraordinary General Meeting of shareholders. In addition to the conversion of the share capital into euro, the appointment of Rimess OÜ as the auditor of AS Premia Foods will be included in the agenda of the referred planned extraordinary General Meeting of shareholders.

Additional information:

Kuldar Leis

Chairman of Management Board

+372 603 3800

kuldar.leis[A]premia.ee