Announcements

Resolutions of the annual general meeting of shareholders

Posted on 03.06.2009

The meeting started at 11.00 and ended at 12.00. 23 shareholders attended the meeting representing 125 219 390 votes, constituting 82.93% of the share capital. Therefore the Meeting was competent to pass resolutions regarding the items on the agenda of the Meeting. The agenda of the Meeting contained the items set out in the notice of the Meeting published in the newspaper Äripäev, on the website of OEG www.olympic-casino.com and via the information system of the Tallinn Stock Exchange on 12 May 2009.

The following resolutions were passed at the Meeting:

1. Approval of the annual report for the financial year 1 January 2008 – 31 December 2008

The Meeting resolved to approve the annual report for the financial year 1 January 2008 - 31 December 2008.

Tabulation of votes:

In favour: 125,165,721 votes 99.96% of the votes represented at the Meeting
Against: 0 votes 0 % of the votes represented at the Meeting
Impartial: 53,669 votes 0.04 % of the votes represented at the Meeting
Did not vote: 0 votes 0% of the votes represented at the Meeting
Invalid: 0 votes 0 0% of the votes represented at the Meeting

2. Disrtibution of profits

The Meeting resolved to approve the proposal on the distribution of profit, whereby the net loss the financial year that ended 31 December 2008 in the amount of 459 227 177 Estonian kroons is allocted to the undistributed profit of previous periods.

Tabulation of votes:

In favour: 125,219,190 votes 100% of the votes represented at the Meeting
Against: 0 votes 0 % of the votes represented at the Meeting
Impartial: 200 votes 0 % of the votes represented at the Meeting
Did not vote: 0 votes 0 % of the votes represented at the Meeting
Invalid: 0 votes 0 0 % of the votes represented at the Meeting

3. Recalling the members of the supervisory board

The Meeting resolved to recall Mart Relve and Anders Galfensjö from the supervisory board of OEG from 3 June 2009.

Tabulation of votes:

In favour: 125,165,521 votes 99.96 % of the votes represented at the Meeting
Against: 0 votes 0 % of the votes represented at the Meeting
Impartial: 53,869 votes 0.04 % of the votes represented at the Meeting
Did not vote: 0 votes 0 % of the votes represented at the Meeting
Invalid: 0 votes 0 % of the votes represented at the Meeting


4. Appointment of auditor

The Meeting resolved to appoint one auditor, Tiit Raimla, personal identification code 37103310267, place of residence Tallinn, for one year (up until the next annual general meeting of shareholders), and the audit will be conducted by PricewaterhouseCoopers AS, and to pay remuneration to the auditor for the audit of the economic activities of OEG in the financial year 2009 pursuant to the agreement to be entered into between OEG and PricewaterhouseCoopers AS.

Tabulation of votes:

In favour: 125,219,390 votes 100% of the votes represented at the Meeting
Against: 0 votes 0% of the votes represented at the Meeting
Impartial: 0 votes 0% of the votes represented at the Meeting
Did not vote: 0 votes 0% of the votes represented at the Meeting
Invalid: 0 votes 0% of the votes represented at the Meeting

5. Remuneration of the chairman of the supervisory board

The meeting resolved to remunerate the chairman of the supervisory board accordance with the agreement to be entered into with the chairman of the supervisory board.

Tabulation of votes:

In favour: 125,158,463 votes 99.95% % of the votes represented at the Meeting
Against: 720 votes 0% of the votes represented at the Meeting
Impartial: 56,249 votes 0.04% of the votes represented at the Meeting
Did not vote: 3,958 votes 0% of the votes represented at the Meeting
Invalid: 0 votes 0% of the votes represented at the Meeting


The resolutions were adopted at the Meeting following the procedure for passing of resolutions set forth in laws and in the Articles of Association of OEG.


Additional information:

Andri Avila
CEO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail: andri.avila@oc.eu
www.olympic-casino.com

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