Coop Pank — Capital/Financing Update 2026

Mar 30, 2026

Correction: Outcome of Subscription to Coop Pank AS Unsecured Subordinated Bonds

Correction: Outcome of Subscription to Coop Pank AS Unsecured Subordinated Bonds

Explanation: The percentage of the offer allocation stated in point 4 has been
corrected, as a minor inaccuracy occurred in the original notice due to a
technical error. The correct percentage for point 4 of the allocation is 10.9%.

The public offering of Coop Pank AS (hereinafter Coop Pank) unsecured
subordinated bonds ended on Friday, 27 March.
In the course of the Offering, 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
EUR 1,000 each, the maturity date 1 April 2037 and fixed interest rate of 6,25%
per annum, payable quarterly, were offered. Under the terms of the Offering, in
case of oversubscription, Coop Pank had the right to increase the volume of the
Offering by up to 10,000 additional bonds. The Offering was only carried out in
Estonia and not in any other jurisdiction.

Altogether 3 853 investors participated in the issue, subscribing orders in the
total amount of EUR 57,3 million. This means that the initial issue volume was
oversubscribed 5,7 times. Coop Pank used its right to increase the issue volume
of the Offering by 5,000 additional bonds, resulting in the increase of the
total amount of the Offering to EUR 15 million.

The Management Board of Coop Pank decided to allocate the subordinated bonds
based on the following principles:

1. All subscription orders of the same subscriber were summed up.
2. All subscriptions up to the threshold of EUR 2000 were fulfilled.
3. Coop Pank's shareholders, existing bondholders and customers subscriptions
   up to the threshold EUR 5000 were fulfilled.
4. In the part exceeding the volumes specified in points 2 and 3, all offers
   were satisfied to the extent of 10,9%;
5. The number of bonds with decimal places was rounded to the previous whole
   number.

"Coop Pank's mission is to carry life forward in Estonia. We do this by offering
our customers accessible and high-quality banking services, but also by
providing investors with the opportunity to participate in our growth and
success as investors. We are delighted to see strong interest in our offer,
which confirms investors' trust and belief in the bank's growth plans. We are
especially pleased with the high activity of retail investors, which shows that
over the years a strong and knowledgeable investment community has developed in
Estonia - one that can and wants to invest in bonds and thereby strengthen the
local capital market."

When distributing the bonds, we decided to prioritize the bank's current
customers and investors, to whom we allocated nearly 60% of the total offering
volume. By giving them the opportunity to become either an owner or a bond
investor in the bank, we aim to provide customers with an additional reason to
choose the domestic Coop Pank," commented Coop Pank's Chief Financial Officer,
Paavo Truu.

The Offering was the first series under the Coop Pank bond program created in
2026 and was conducted based on the Base Prospectus of subordinated bonds
program approved by the Estonian Financial Supervision and Resolution Authority
on 16 March 2026. The bonds with the ISIN code EE0000003515 are expected to be
transferred to the investors' securities accounts on or about 1 April 2026 and
admitted to trading on the Baltic Bond List of Nasdaq Tallinn Stock Exchange on
or about 2 April 2026.

Additional info:

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.