TIDM96DB

RNS Number : 7494M

Eesti Energia AS

23 September 2021

NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, JAPAN, SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.

Eesti Energia plans to list renewables subsidiary

On 23 September 2021, Enefit Green AS (100% owned renewables subsidiary of Eesti Energia AS) has announced its intention to proceed with an initial public offering ("IPO") and listing of its ordinary shares on the Baltic Main List of the Nasdaq Tallinn Stock Exchange. The planned offering is expected to consist of both an issuance of new shares by the Enefit Green AS and a sale of existing shares held by Eesti Energia AS. Net proceeds of the IPO will be used to finance group's development projects and potential new projects in order to support the growth and development strategy, which includes wind and solar parks in the Enefit Green's near-term pipeline of up to 600 MW. Full announcement can be found in the pdf attached ( http://www.rns-pdf.londonstockexchange.com/rns/7494M_1-2021-9-23.pdf) , also in the following web page: link here

Rasmus Noormägi

Head of Investor Relations and Treasury

Eesti Energia AS

Tel +372 465 2885

rasmus.noormagi@energia.ee

***

The information contained in this announcement does not constitute or form part of any offer for sale or subscription of or solicitation of any offer to buy or subscribe for any securities in the United States, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Under the U.S. Securities Act of 1933, as amended, securities may not be offered or sold in the United States absent registration or an exemption from registration. Eesti Energia AS does not intend to register any portion of any offering of securities in the United States or to conduct a public offering of any securities in the United States.

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September 23, 2021 04:12 ET (08:12 GMT)

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