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Increase of Share Capital in Connection with Realization of the Option Programme and Subscription Results

The Supervisory Board of AS Harju Elekter Group decided to increase the share capital of the company by 34,020 euros by issuing new ordinary shares. The increase in the share capital is due to the need to issue new shares to the management board members and key personnel of Harju Elekter and its subsidiaries participating in the option program approved with the resolution of the general meeting on 29 April 2021. A total of 5 members of the Management Board of Harju Elekter Group participated in

Harju Elekter Group AsJanuary 7, 20263
Increase of Share Capital in Connection with Realization of the Option Programme and Subscription Results

About this update from Harju Elekter Group As

The Supervisory Board of AS Harju Elekter Group decided to increase the share capital of the company by 34,020 euros by issuing new ordinary shares. The increase in the share capital is due to the need to issue new shares to the management board members and key personnel of Harju Elekter and its subsidiaries participating in the option program approved with the resolution of the general meeting on 29 April 2021. A total of 5 members of the Management Board of Harju Elekter Group participated in the share issue related to the implementation of the option program, who subscribed for a total of 54,000 shares for a total of 243,00 euros. Decisions of the Supervisory Board of AS Harju Elekter Group: All new shares of Harju Elekter issued during the share issue will be listed on Nasdaq Tallinn on the day following the date on which the additionally issued shares with temporary ISINs have been included in the Estonian Central Securities Depository (Nasdaq CSD) together with the previously issued shares with main ISINs. Tiit Atso Chairman of the Management Board +372 674 7400

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