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OPERAIL LEASING AS's activity report 2022

Company Overview Joint Stock Company Operail Leasing (hereinafter the Company) was established in May 2017. The main activity of the company is the rental of railway rolling stock (code 77391 according to EMTAK 2008). The sole shareholder of AS Operail is the Republic of Estonia. The company is under the administration of the Ministry of Economic Affairs and Communications. AS Operail owns 100% of all subsidiaries through Operail Holding OÜ. The structure of the group as of 31.12.2022 is presented in the figure below.

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OPERAIL AS's activity report 2022

Introduction to the Group AS Operail together with its subsidiaries (hereinafter Operail) is the oldest and largest railway freight company in Estonia, with ex
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Introduction to the Group AS Operail together with its subsidiaries (hereinafter Operail) is the oldest and largest railway freight company in Estonia, with experience dating back 150 years. The companies of the Operail Group operated until the end of 2022 on three business lines: ▪ Freight transport in Estonia and Finland ▪ Rental of wagons and locomotives on 1520 mm and 1524 mm railway ▪ Maintenance and repair of wagons and locomotives The sole shareholder of AS Operail is the Republic of Estonia. The company belonged to the Ministry of Economic Affairs and Communications in 2022. AS

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