Announcement • Jun 01
AS Trigon Property Development, Annual General Meeting, Jun 19, 2026 AS Trigon Property Development, Annual General Meeting, Jun 19, 2026, at 10:00 FLE Standard Time. Location: parnu mnt 18, tallinn, 10141, iv floor, Estonia New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Estonian stocks, typically moving 3.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€2.56m market cap, or US$2.97m). Minor Risk Share price has been volatile over the past 3 months (3.2% average weekly change). New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Estonian stocks, typically moving 3.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (€300k revenue, or US$353k). Market cap is less than US$10m (€2.72m market cap, or US$3.20m). Minor Risk Share price has been volatile over the past 3 months (3.2% average weekly change). New Risk • Dec 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Estonian stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (€300k revenue, or US$353k). Market cap is less than US$10m (€2.83m market cap, or US$3.34m). Minor Risk Share price has been volatile over the past 3 months (3.9% average weekly change). New Risk • Aug 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Estonian stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (€332k revenue, or US$388k). Market cap is less than US$10m (€2.93m market cap, or US$3.43m). Announcement • May 31
AS Trigon Property Development, Annual General Meeting, Jun 20, 2025 AS Trigon Property Development, Annual General Meeting, Jun 20, 2025, at 10:00 FLE Standard Time. Location: parnu mnt 18, tallinn 10141, iv floor., Estonia Announcement • Feb 05
AS Trigon Property Development Elects Alo Nõmmik as New Member of the Management Board The Supervisory Board of AS Trigon Property Development decided to elect Alo Nõmmik as a new member of the management board, whose mandate begins on February 4, 2025 and is valid for 3 years. Alo Nõmmik joined the Trigon Capital group in May 2024 as the Head of Real Estate Development. Previously, Alo Nõmmik worked as the CEO of Kaamos Ehitus OÜ and as the construction and real estate director of AS Restor. Alo has graduated from Tallinn University of Technology (TalTech) with a degree in construction engineering and has been involved in real estate development and construction since 1993, both in Estonia and abroad. As of February 4, 2025 the management Board will continue with two Management Board members: Rando Tomingas and Alo Nõmmik. New Risk • Jul 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Estonian stocks, typically moving 6.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.3% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (€27k revenue, or US$29k). Market cap is less than US$10m (€2.29m market cap, or US$2.51m). Announcement • Jun 08
AS Trigon Property Development, Annual General Meeting, Jun 26, 2024 AS Trigon Property Development, Annual General Meeting, Jun 26, 2024, at 10:00 FLE Standard Time. Location: at parnu mnt 18, tallinn, 10141, iv floor, tallinn Estonia New Risk • Feb 29
New major risk - Revenue and earnings growth Earnings have declined by 9.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.9% per year over the past 5 years. Revenue is less than US$1m (€27k revenue, or US$29k). Market cap is less than US$10m (€2.89m market cap, or US$3.13m). Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change). Announcement • Jun 23
AS Trigon Property Development Announces Changes in the Supervisory Board The general meeting of AS Trigon Property Development decided to elect Aivar Kempi as a new member of the Supervisory Board starting from June 21, 2023 for the next 5 years, replacing Alo Lepp (deceased). AS Trigon Property Development's Supervisory Board continues with three members: Joakim Johan Helenius (chairman), Torfinn Losvik and Aivar Kempi. Aivar Kempi (born 24.09.1958) has obtained an industial civil engineer degree from Tallinn University of Technology and has worked in real estate sector for over 30 years. Among other things, he has been the development division director at AS Merko Ehitus (1997-2005) and the head of the real estate department at AS Trigon Capital (2005-2018). Since 2018, Aivar Kempi has been offering independent real estate development advisory services through AKPC OÜ, of which he is also a member of the board. In addition, Aivar Kempi holds the position of board member in the following companies: Aikuvar OÜ, Chester Universal OÜ, Padula Property OÜ, Krillimäe Invest OÜ, Trigon Hartwall Ukrainian Properties AS and Gate Tallinn East OÜ. Aivar Kempi does not own any AS Trigon Property Development shares. Announcement • Jun 01
AS Trigon Property Development, Annual General Meeting, Jun 21, 2023 AS Trigon Property Development, Annual General Meeting, Jun 21, 2023, at 10:00 E. Europe Standard Time. Location: Pärnu mnt 18 Tallinn Estonia Agenda: To consider the annual report of the Company for the financial year 2022; to consider allocation of profits for the financial year 2022; to consider appointment of the auditor for the financial year 2023 and determining the remuneration policy for the auditor; to consider changes in the Supervisory Board; and to consider such other business. Upcoming Dividend • Oct 06
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 20 October 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.1%. Lower than top quartile of Estonian dividend payers (7.0%). Higher than average of industry peers (4.9%). Upcoming Dividend • Jun 08
Upcoming dividend of €0.13 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 22 June 2022. Trailing yield: 12%. Within top quartile of Estonian dividend payers (6.5%). Higher than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 28% share price gain to €1.24, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 14x in the Real Estate industry in Europe. Total returns to shareholders of 138% over the past three years. Is New 90 Day High Low • Feb 26
New 90-day high: €0.84 The company is up 54% from its price of €0.55 on 27 November 2020. The Estonian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is flat over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: €0.78 The company is up 47% from its price of €0.53 on 12 November 2020. The Estonian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: €0.69 The company is up 28% from its price of €0.54 on 20 October 2020. The Estonian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: €0.57 The company is up 6.0% from its price of €0.54 on 17 September 2020. The Estonian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: €0.55 The company is up 10.0% from its price of €0.50 on 17 August 2020. The Estonian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period. 
