Hepsor

Capital/Financing Update • Dec 11, 2023

Company	Hepsor AS
Type	Company Release
Category	Other corporate action
Disclosure time	11 Dec 2023 07:00:00 +0200

Currency

Title

Hepsor JG SIA, Hepsor AS group company, signed 4 million euro loan agreement for financing

Hepsor JG SIA, Hepsor AS group company, and Latvian affiliate of Bigbank AS signed a 4 million loan agreement on 08 December 2023. The purpose of the threeyear loan is to finance the construction of Annenhof Majas development project in Riga.

The construction and sales of the project of 40-apartments has already started and the project will be completed in the fourth quarter of 2024.

?In the design of a sustainable living space valuing a green mindset, we have emphasized energy efficiency, ensuring both low utility costs and a smaller carbon footprint during the building's operational lifespan," said Henri Laks, a member of the Hepsor board. "A visually appealing facade solution, functional apartment layouts, an energy-efficient building with a green mindset, and a good balance of price and quality are aspects that today's homebuyers consider in their purchasing decisions. As of today, nearly 18% of the apartments in the Annenhof Majas project have already been reserved, confirming the project's attractiveness among clients in the Riga market".

Additional info:

In addition to the Jurmalas Gatve project, Hepsor has four residential development projects in construction and sales in Latvia - Kuld?gas Parks (116 apartments, of which 99% are sold), M?rupes D?rzs (92 apartments, of which 99% are sold), Strelnieku 4b (54 apartments, of which 82% are sold), and Nameja Rezidence, started in 2023, featuring 38 apartments with pre-contract agreements made for 29% of them.

More information about Jurmalas Gatve project can be found https://hepsor.lv/annenhofmajas/en/

Henri Laks Member of the Management Board

Finantsinspektsioon http://www.fi.ee

Phone: +372 5693 9114

e-mail: henri@hepsor.ee

(https://www.globenewswire.com/Tracker?data=Rlt--gE8I731XZmQVM_bJCiJXAllY5TurP-K jPKcLB6-2muj_AeKgj-Klpr5C7--c6i_sdsdj4TWeHKe5YZCEICBc_-LYvy6GOc0JDAfhbVPFsiH0GuQ dw2UGg9jI6N84qwMktILXMx7hmdz89uFmSqKxrDqKBzIOI_nzBiM81Cj9-NnLJYG1_MLAMfT8E9_pCgG tmq00XCE_BetiASmWqpXOzReSB0wTuDrcFQ851w=)

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Hepsor AS (www.hepsor.ee) is one of the fastest growing residential and commercial real estate developers in Estonia and Latvia. Over the last twelve years Hepsor has developed more than 1,600 homes and 36,000 m2 of commercial space. Hepsor was the first real estate developer in the Baltic States to implement a number of innovative engineering solutions that make the buildings we construct more energy-efficient and thus more environmentally friendly. The company's portfolio is comprised of 25 development projects with a total sellable space of 169,300 m2.

Finantsinspektsioon http://www.fi.ee