Merko Ehitus
Minutes of annual general meeting

Resolutions of the annual general meeting

Tallinn, Estonia, 2013-06-05 14:00 CEST --

The general meeting of shareholders of AS Merko Ehitus were held on June 5^th 2013 and the following decisions were made:

1. Approval of the annual report of the year 2012 and overview of the financial results and the prospective of the current year

The general meeting of shareholders decided to approve the annual report of the year 2012 and to consider the Management Board’s overview of the 2012 financial results and prospective outlooks of the current year.

2. Proposal on distribution of profits

The general meeting of shareholders decided to:

(i)   approve the net profit for the year 2012 as EUR 7,627,029;

(ii)  pay the shareholders the total amount of EUR 5,310,000 as dividends, that equals to EUR 0.3 per share, from the retained earnings brought forward;

shareholders, entered into the share register of AS Merko Ehitus on June 26^th 2013, at 23.59, will be entitled to dividends;

dividends will be paid to the shareholders on July 3^rd 2013 by transferring the amount concerned to shareholder’s bank account, linked to security account;

(iii) the remaining profits will not be distributed.

3. Recall of Supervisory Board member

The general meeting of shareholders decided to recall Tõnu Toomik from the Supervisory Board with the objective to appoint Tõnu Toomik as the member of the Management Board of AS Merko Ehitus. The authorization of Tõnu Toomik, as the member of Supervisory Board will end as at June 5^th 2013.

Andres Trink
Chairman of Management Board
+372 650 1250
andres.trink@merko.ee