In accordance with the resolution of the Supervisory Board of AS Premia Foods dated 7 March 2013, Katre Kõvask, the member of the Management Board and the Marketing Director of Premia, was appointed the Chairman of the Management Board. Katre Kõvask will assume the position of the Chairman of the Management Board as of 15 May 2013. The current Chairman of the Management Board Kuldar Leis will be recalled from the Management Board of Premia as from the same date.

Provided that the General Meeting of Shareholders to be held in the end of May votes in favour, Kuldar Leis will continue as the member of the Supervisory Board of Premia. The Management Board will continue in the composition of 3 members: in addition to Katre Kõvask, the Management Board of Premia consists of Silver Kaur (Sales Director of the company) and provided that the General Meeting of Shareholders votes in favour, the Supervisory Board intends to appoint the current member of the Supervisory Board and acting CFO Erik Haavamäe to act as the member of the Management Board and the CFO of the company.