Coop Pank — Capital/Financing Update 2026

Mar 17, 2026

Notice of Public Offering of Unsecured Subordinated Bonds of Coop Pank AS

Notice of Public Offering of Unsecured Subordinated Bonds of Coop Pank AS

Coop Pank AS (registry code 10237832, address Maakri 30, 10145, Tallinn,
Estonia; hereinafter Coop Pank) hereby announces a public offering of unsecured
subordinated bonds (hereinafter the Offering) and informs of approval of the
base prospectus by the Estonian Financial Supervision and Resolution Authority
(the FSA) on 16 March 2026 (the Prospectus).

Coop Pank offers publicly up to 10,000 unsecured subordinated bonds of Coop Pank
with the name of EUR 6.25 Coop Pank bond 26-2037, with the nominal value of EUR
1,000 each, the maturity date 1 April 2037 and fixed interest rate of 6.25% per
annum, payable quarterly. In case of oversubscription of the bonds, Coop Pank
has the right to increase the volume of the Offering by up to 10,000 additional
bonds. Coop Pank has also the right to cancel the Offering in the volume not
subscribed. The unsecured subordinated bonds are offered with the price of EUR
1,000 per one bond. The unsecured subordinated bonds are registered in Nasdaq
CSD SE under ISIN code EE0000003515. The public offering of the unsecured
subordinated bonds is carried out only in Estonia and not in any other
jurisdiction.

The Offering is the first series under the Coop Pank bond program created by the
Prospectus. The Offering is conducted on the basis of the Prospectus as approved
by the FSA on 16 March 2026 that has been published on the date of this
announcement on the web pages of Coop Pank and the FSA.

The subscription period for the bonds starts on 17 March 2026 at 10:00 and will
end on 27 March 2026 at 16:00 Estonian time. The Offering is targeted to all
retail and qualified investors in Estonia.

Subordinated bond represents an unsecured debt obligation of Coop Pank before
the investor. The subordination of the bonds means that upon the liquidation or
bankruptcy of Coop Pank, all the claims arising from the subordinated bonds
shall fall due and shall be satisfied only after the full satisfaction of all
unsubordinated recognised claims in accordance with the applicable law.

Detailed information is available in the Prospectus and in the summary of the
Prospectus.

Timetable of the Offering

Subscription period starts 17 March 2026 at 10:00

Subscription period ends 27 March 2026 at 16:00

Announcement of the results of Offering on or about 30 March 2026

Settlement of the Offering on or about 1 April 2026

First trading day on or about 2 April 2026

Submitting subscription undertakings

In order to subscribe for the bonds during the Offering, an investor must have a
securities account opened at a custodian of the Nasdaq CSD SE Estonia´s
subsidiary (hereinafter Nasdaq CSD).

An investor wishing to subscribe to the bonds should contact their securities
account custodian and submit the subscription undertaking during the offering
period in the form indicated below.

By submitting the subscription undertaking, an investor authorises the Nasdaq
CSD custodian who operates the investor's current account connected to its
securities account to immediately block the whole transaction amount on the
investor's current account until the settlement is completed or funds are
released in accordance with the terms set out in the Prospectus.

Owner of the securities account: Name of the investor who submitted the
subscription undertaking

Securities account: Number of the investor`s securities
account

Custodian: Name of the investor´s custodian

Security: EUR 6.25 Coop Pank Bond 26-2037

ISIN code: EE0000003515

Amount of securities: The number of bonds determined by the
investor

Price (per bond): EUR 1,000

                                 The total amount of the transaction (the

Transaction amount: number of bonds determined by the investor
multiplied by price per one bond)

Counterparty: Coop Pank AS

Securities account of counterparty: 99102215403

Custodian of the counterparty: AS LHV Pank

Value date of the transaction: 1 April 2026

Type of transaction: ?subscription"

Type of settlement: ?delivery versus payment (DVP)"

Listing and admission to trading of unsecured subordinated bonds of Coop Pank

Coop Pank intends to submit an application to Nasdaq Tallinn AS for the listing
and admission to trading of the subordinated bonds on the Baltic Bond List of
the Nasdaq Tallinn Stock Exchange. The expected date of listing and admission to
trading is on or about 2 April 2026.

While every effort will be made and due care will be taken in order to ensure
the listing and the admission to trading of the unsecured subordinated bonds,
Coop Pank cannot ensure that the unsecured subordinated bonds will be listed and
admitted to trading.

Availability of the Prospectus and bond terms

The Prospectus has been published and can be obtained in electronic format from
Coop Pank´s website www.cooppank.ee/pakkumine (http://www.cooppank.ee/pakkumine)
and from the website of the FSA www.fi.ee (http://www.fi.ee). In addition to the
above, the Prospectus is available through the information system of Nasdaq
Tallinn Stock Exchange. Also, the bond terms of Coop Pank's unsecured
subordinated bonds
(https://res30f.cooppank.ee/image/upload/v1773655007/dokumendid/investorile/vola
kirjad/blue-sky-iv/Volakirjade_Tingimused.pdf) and the final terms of the
Offering
(https://res30f.cooppank.ee/image/upload/v1773655006/dokumendid/investorile/vola
kirjad/blue-sky-iv/Volakirjade_loplikud_tingimused_I_seeria.pdf) together with
the summary
(https://res30f.cooppank.ee/image/upload/v1773655007/dokumendid/investorile/vola
kirjad/blue-sky-iv/Prospectus_summary.pdf) have been published Coop Pank's
website and can be obtained in electronic format.

Before investing into Coop Pank´s unsecured subordinated bonds we ask you to
acquaint yourself with the Prospectus, the bond terms, the final terms of the
Offering together with the Prospectus summary in full and if necessary, consult
with an expert.

Paavo Truu
CFO
Tel: +372 516 0231
e-mail: [email protected] (mailto:[email protected])

Coop Pank, based on Estonian capital, is one of the five universal banks
operating in Estonia. The number of clients using Coop Pank for their daily
banking reached 229,800. Coop Pank aims to put the synergy generated by the
interaction of retail business and banking to good use and to bring everyday
banking services closer to people's homes. The strategic shareholder of the bank
is the domestic retail chain Coop Eesti, comprising of 320 stores.

Important information

This notice is an advertisement for securities within the meaning of the
Regulation No 2017/1129/EU of 14 June 2017 of the European Parliament and of the
Council European Parliament and does not constitute an offer to sell
subordinated bonds or invitation to subscribe to subordinated bonds. An offer to
subscribe to subordinated bonds should be made and each investor should make any
decision to invest in the bonds only on the basis of the information contained
in the Prospectus and the summary of the Prospectus and if necessary, consult
with an expert. The approval of a Prospectus by the Financial Supervision and
Resolution Authority is not considered to be a recommendation for subordinated
bonds.

The information contained in this notice is not intended to be published,
distributed or transmitted, in whole or in part, directly or indirectly, in the
United States, Canada, Hong Kong, Japan, Singapore, South Africa, or in any
other country or circumstance where publication, sharing or transmission would
be unlawful. Subordinated bond will be publicly offered only in the Republic of
Estonia and the sale or offer of the bonds shall not take place in any
jurisdiction where such offer, invitation or sale would be unlawful without the
exception or qualification of law.