Eesti Energia Corporate Restructuring Finalized

Core Viewpoint - Eesti Energia AS has successfully completed a corporate restructuring following the takeover of Enefit Green AS in 2025, aimed at simplifying its organizational and management structure Group Structure - The Group's business activities have been consolidated into three operating subsidiaries: Enefit OÜ, Elektrilevi OÜ, and Enefit Industry OÜ, each responsible for specific business lines [1][2][3] Subsidiary Responsibilities - Enefit OÜ will handle renewable energy generation, retail sales, and client services, resulting from the merger of Enefit Green AS and Enefit AS [2] - Elektrilevi OÜ will continue to operate and develop the distribution grid [2] - Enefit Industry OÜ will focus on non-renewable electricity generation and liquid fuel production, with the merger of Enefit Solutions, which previously managed maintenance services [3] Governance Framework - The restructuring has led to a streamlined governance framework, discontinuing supervisory boards at the subsidiary level and centralizing management responsibilities [4] Impact on Operations - The restructuring does not impact the Group's core business activities, financial position, or commitments to clients, partners, or employees, and is expected to enhance operational efficiency and long-term value creation [5]