Core Insights - Hepsor Phoenix 4 OÜ has signed a construction contract for the M12 development project in Tallinn, valued at 7.0 million euros, with completion expected in the second half of 2026 [1][3] - The M12 project will feature two apartment buildings with a total of 49 apartments and a saleable area of 3,090 m² [1] - The development emphasizes energy efficiency and sustainability, incorporating smart home systems, electric vehicle charging, solar panels, and storage for bicycles and strollers [2] Company Developments - The M12 project is the fourth collaboration between Hepsor and the Tolaram Group in the Manufaktuuri quarter, following the completion of 421 homes in previous projects, with 96% sold [4] - Construction for the first phase of the Manufaktuuri Factory project, which will add 152 new homes, is planned to start in the third quarter of 2025 [4] - Hepsor AS has developed 2,076 homes and nearly 36,300 m² of commercial space over 14 years, and is recognized for implementing innovative engineering solutions for energy efficiency [4]

Core Points - Hepsor AS is holding its annual general meeting on May 21, 2025, at 14:00 in Tallinn, Estonia [1] - Shareholders entitled to vote will be determined as of May 14, 2025 [2] - Electronic voting is available until May 20, 2025, at 16:00 [3] Agenda Items - Approval of the 2024 annual report is proposed by the supervisory board [4] - Distribution of profit includes a proposed dividend of EUR 0.26 per share, totaling EUR 1,002 thousand, with the record date set for July 1, 2025 [5][7] - Election of a new supervisory board member, Henri Laks, is proposed following the resignation of Lauri Meidla effective July 31, 2025 [6] - Remuneration for supervisory board members is proposed to remain unchanged, with members receiving EUR 1,000 gross per month and the chairman receiving EUR 8,000 gross per month starting August 1, 2025 [8] Additional Information - Information related to the general meeting is available on Hepsor AS's website [9] - Questions regarding the agenda can be sent to investor@hepsor.com [10] - Procedures for participation by proxy and revocation of authorization are outlined [11] - Registration for the meeting requires an identity document and, for representatives of foreign legal persons, an apostilled commercial register extract [12][13] Company Overview - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada, with a portfolio of 24 development projects totaling 172,500 m² [14]