Eesti Energia AS Appointment of new additional member to the board (3114W)

TIDM96DB

RNS Number : 3114W

Eesti Energia AS

14 April 2023

Appointment of new additional member to the board of Eesti Energia

The Supervisory Council proposed in the general meeting to amend the article of association of Eesti Energia regarding the number of board members that the company can have. New articles of association were confirmed on April 12, 2023. With the amendment it is now possible to appoint 6 board members instead of 5.

The Supervisory Counsel has appointed Andres Vainola as the 6th member of the board of Eesti Energia. Vainola has been in the Eesti Energia group since 2014, when he joined the company as a member of the board. From 2021, he is the chairman of the board of Enefit Power, the group's non-renewable energy production company. Previously, he worked in the management of the Empower group and its subsidiaries and was a member of the Council of Eesti Liinirongid AS. The decision to bring a representative of Enefit Power to the board of Eesti Energia stems from the fact that Enefit Power is currently the largest subsidiary of Eesti Energia, which also faces bigger challenges in the coming years.

Vainola will also continue as chairman of the board of Enefit Power, his mandate as a board member will begin on April 14, 2023, and the term of office will be the same as that of other board members, March 31, 2026.

Danel Freiberg

Head of Investor Relations and Treasury

Eesti Energia AS

Tel +372 465 2887

danel.freiberg@energia.ee

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