Hepsor

Capital/Financing Update • Jul 15, 2022

Company	Hepsor AS
Type	Company Release
Category	Other corporate action
Disclosure time	15 Jul 2022 14:50:18 +0300

Currency

Title

Hepsor 3TORNI OÜ, subsidiary of Hepsor AS signed 13.9 million euro loan agreement

Hepsor 3TORNI OÜ, a subsidiary of Hepsor AS, signed 13.9 million euro loan agreement with LHV Pank AS on 15 July 2022. The purpose of the three-year loan is to finance the construction of Ojakalda development project. The construction of the three-tour building with 110 spacious apartments on the border of Tallinn and Harku begins in September 2022 and the construction is expected to be completed in spring of 2024.

According to Henri Laks, member of the Management Board of Hepsor AS, the creation of an environmentally friendly and sustainable living environment is central to the development of Ojakalda apartment buildings. The design has been based on preserving the biodiversity of the surrounding natural environment. According to Laks, Hepsor's concept of green thinking is also supported by good transport connections to the city centre and other parts of the city, as well as nearby essential services, including schools, kindergartens and supermarkets. Playgrounds, a basketball court and recreation areas allow families to spend time near their homes.

Additional information:

More information about Ojakalda development project can be found at https://hepsor.ee/ojakalda/en/

Anneli Simm Head of Investor Relations Phone: +372 5615 7170 e-mail: anneli@hepsor.ee

Hepsor AS (www.hepsor.ee/en/ (http://www.hepsor.ee/en/)) is one of the fastest growing residential and commercial real estate developers in Estonia and Latvia. Over the last eleven years Hepsor has developed more than 1,400 homes and 23,000 m(2) of commercial space. Hepsor has been 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

Finantsinspektsioon http://www.fi.ee

environmentally friendly. The company's portfolio is comprised of 25 development projects with a total sellable space of 176,000 m(2).

Finantsinspektsioon http://www.fi.ee