The Supervisory Board of AS Merko Ehitus decided to appoint current Chairman of the Management Board of group?s subsidiary AS Merko Ehitus Eesti Mr. Ivo Volkov as the Chairman of the Management Board of AS Merko Ehitus for the three-year period, starting from 1 January 2024. The term of office of Mr. Andres Trink, who has been working as the Chairman of the Management Board of AS Merko Ehitus group since 1 January 2012, ends on 31 December 2023. Due to moving to Berlin for family reasons, Mr. Andres Trink will not extend his contract as a Member of the Board.

Mr. Toomas Annus, Chairman of the Supervisory Board of AS Merko Ehitus will propose to the next upcoming general meeting of shareholders to appoint Mr. Andres Trink as a Member of the Supervisory Board of AS Merko Ehitus.