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's activity report 2022

Introduction

Pafer Joint Stock Company was established in 1994 and the main activity of the company is the organization of gambling and betting.

Pafer Joint Stock Company is part of the Alands Penningautomatförening (PAF) group. PAF is an international gambling company based in Mariehamn, Åland, which was established in 1966. The Paf Group employs a total of about 315 employees in more than 30 countries, who operate in offices located in Europe and on board Baltic Sea cruise ships.

PAF was one of the first companies to start organizing gambling on the internet.

Mission

The mission of the company is to provide quality products and good service. We care about our players and society and highly value the principle of responsible gaming.

The company offers a stable workplace and self-realization opportunities for its employees and reliable cooperation with business partners.

Overview of the company's activities in the financial year

In 2022, activities continued in the same field.

The company's two main directions of activity: ● organizing gambling with slot machines and gaming tables on cruise ships; ● organizing lotteries and betting on the internet portals paf.ee and noaccountbet.ee.

Organizing gambling on cruise ships ● Continued cooperation with Tallink Group Joint Stock Company, within the framework of which gambling was organized on slot machines and gaming tables on cruise ships ML Star, ML Megastar, ML Baltic Queen and ML Silja Europa on the Tallinn - Helsinki and Tallinn - Mariehamn - Stockholm ferry lines. In December, a new cruise ship was added to the Tallinn - Helsinki line

MyStar.

● Continued cooperation with the Viking Line Group, within the framework of which gambling was organized on slot machines on the cruise ship

ML Viking XPRS on the Tallinn - Helsinki ferry line.

Regular and extraordinary changes in the cruise ship schedule ● For the first three months of the year, the organization of gambling on cruise ships was still partially restricted due to

Covid-19 precautions. The situation stabilized from 01.05.2022.

● ML Baltic Queen on the Tallinn- Mariehamn- Stockholm line was off the line from 11.01.2022 - 17.02.2022.

From 18.02.2022 to 28.02.2022, a limited number of slot machines were opened and Bingo games were organized.

Gaming tables were opened from 01.03.2022 and the remaining slot machines were fully opened from 01.04.2022.

● ML Silja Europa on the Tallinn- Helsinki-Tallinn line was off the line from 02.01.2022 - 27.03.2022 and due to a malfunction again from 07.04.2022 - 20.04.2022.

During the period 28.03.2022 - 06.04.2022, the ship sailed on a different schedule than usual and as a result, gambling was organized on the ship in a limited volume during this period. All slot machines were fully opened on 01.05.2022.

From 14.08.2022 until the end of the year, ML Silja Europa was off the line and no gambling was organized on the ship.