Baltika
Company Announcement

Supervisory Council decision about share emission

AS Baltika Supervisory Council decided today, on 27 June 2011:

1. To increase the share capital of AS Baltika by issuing additionally four million three hundred thousand (4 300 000) ordinary shares with the nominal value of 0.70 euro with the issuance price of 0.70 euro.
2. The share capital of AS Baltika will be increased by three million ten thousand (3 010 000) euros and the new amount of the share capital shall be 25 056 395 (twenty five million fifty six thousand three hundred ninety five) euros.
3. The new shares shall be offered to the shareholders and to new investors, whereby the shareholders have the preferential right to subscribe for the new shares pro rata to their shareholding. The list of shareholders who have this preferential right shall be fixed on 11 July 2011 at 23.59.
4. To give to the present shareholders one (1) subscription right for each share. In order to perform the preferential right for the subscription of one new share, it is necessary to have 7,32 subscription rights. The explanation how to use the subscription rights in case the shareholder does not hold such number of shares that grants the right to subscribe for the whole number of shares, shall be given in the Offering and listing prospectus of AS Baltika.
5. The subscription of the shares takes place from 14 July 2011 during two weeks.
6. The payment for the shares will be made in cash on 28 July 2011. The detailed instructions regarding the payment for the shares (including the place of payment) shall be given in the Offering and listing prospectus of AS Baltika.
7. The issued shares shall grant the right to dividends from the financial year the share capital was increased.

2 500 000 euros of the 3 010 000 euro share emission is guaranteed by major shareholders.

Maigi Pärnik-Pernik

CFO, Member of the Management Board

+372 630 2731

maigi.parnik@baltikagroup.com