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TALLINNA KAUBAMAJA GRUPP SHAREHOLDERS`ANNUAL GENERAL MEETING WILL BE HELD IN APRIL 12

TALLINN, 01.03.2016, www.nasdaqbaltic.com - The Supervisory Board of Tallinna Kaubamaja Grupp AS has determined the following agenda: 1) Approval of the annual report of 2015 of Tallinna Kaubamaja Grupp AS 2) Distribution of profit

The Management Board of Tallinna Kaubamaja Grupp AS (registry code 10223439, seat Gonsiori 2, 10143 Tallinn), convenes an annual general meeting of shareholders on 12 April 2016 at 14:00, in the Conference centre of Nordic Hotel Forum Radisson, Viru väljak 3, Tallinn.

Registration of the participants begins on 12 April 2016 at 13.30. The list of shareholders entitled to participate in the general meeting will be decided at 5 April 2016 at 23.59.

The Supervisory Board of Tallinna Kaubamaja Grupp AS has determined the following agenda of the annual general meeting and makes the following proposals.

1. Approval of the annual report of 2015 of Tallinna Kaubamaja Grupp AS

To approve the annual report of Tallinna Kaubamaja Grupp AS for 2015 prepared by the Management Board of Tallinna Kaubamaja Grupp AS and approved by the Supervisory Board, according to which the consolidated balance sheet of Tallinna Kaubamaja Grupp AS as at 31.12.2015 is 347,980 thousand euros, the sales revenue for the accounting year is 555,447 thousand euros and the net profit 22,071 thousand euros.

2. Distribution of profit

To approve the profit distribution proposal of 2015 of Tallinna Kaubamaja Grupp AS, presented by the Management Board and approved by the Supervisory Board, as follows:

Retained profits of previous years 73,197 thousand euros
Net profit of 2015 22,071 thousand euros
Total distributable profit as at 31.12.2015 95,268 thousand euros
To pay dividends 0.52 euros per share 21,179 thousand euros
Retained profits after distribution of profits 74,089 thousand euros
The list of shareholders with a right to receive dividends shall be fixed as at 26 April 2016 at 23.59. Dividends shall be paid to the bank accounts of shareholders via transfer on 27 April 2016.

Raul Puusepp
Chairman of Board