Coop Pank — Share Issue/Capital Change 2026

May 26, 2026

Increase of the share capital in connection with the option programme and subscription results

Increase of the share capital in connection with the option programme and subscription results

The supervisory board of Coop Pank AS (hereinafter the Bank) decided to increase
the share capital of the Bank by EUR 449,078.85 by way of issuing new ordinary
shares.
The decision to increase the share capital was adopted to enable the realisation
of the options issued within the option programme that was approved with the
resolution of the general meeting of the Bank on April 13, 2022, on the
conditions indicated in the referred decision. The share capital shall be
increased in accordance with clause 3.3.5 of the Bank's articles of association.
87 current and former employees of the Bank were able to participate in the
issue, subscribing altogether for 766,100 shares for the total amount of EUR
1,169,068.60. Subscription applications will be partially satisfied using shares
repurchased under the company's share buyback programme. To the extent that
repurchased shares are insufficient, new shares will be issued.

Decisions of the supervisory board:

1. To increase the Bank's share capital by EUR 449,078.85, as a result of which
   the Bank's share capital will increase from EUR 70,637,685.47 to EUR
   71,086,764.32.
2. The share capital will be increased by way of issuing new shares (ISIN:
   EE3100007857) During the increase of the share capital to issue up to
   659,000 new ordinary shares of the Bank, with a book value of EUR 0.681455
   per share. After the increase of the share capital, the Bank has a total of
   104,316,207 shares without nominal value. The increase of the Bank's share
   capital will not create any exceptions or special rights in connection with
   the Bank's ordinary shares.
3. According to the resolution adopted under item 6 of the agenda of the
   general meeting of shareholders of the Bank on 16 April 2025, the pre-
   emptive right to subscribe for the new shares belongs to the Bank's
   employees, to whom the share option programme, approved with the resolution
   of the Bank's general meeting of 13 April 2022, extends and with whom the
   Bank has concluded the respective option contracts (the option holders).
   According to the resolution of the Bank's general meeting of 16 April 2025,
   the pre-emptive right of the existing shareholders to subscribe for the new
   shares which are issued to the option holders pursuant to clause 3.3.5 of
   the articles of association for the realisation of the Bank's share option
   programme, is precluded.
4. The term for exercising the pre-emptive right and the time period of
   subscribing for the new shares is from 14 May to 25 May 2026.
5. The issue price is EUR 1.526 per share, of which EUR 0.681455 is the book
   value of a share and EUR 0.844545 is the share premium.
6. The increase of share capital and payment for the new shares shall be fully
   carried out by monetary contributions.
7. The Bank will apply for the listing and the admission to trading of the
   shares to be issued within the issue on the Nasdaq Tallinn Stock Exchange.
   The first estimated trading day of the new shares shall be the first day
   following the day when the Bank has informed Nasdaq Tallinn Stock Exchange
   of the registration of the increase of share capital in the commercial
   register and identifying the new shares with the ISIN-code of EE3100007857.

Additional information:
Paavo Truu
CFO
Phone: 5160 231
E-mail: [email protected]
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Coop Pank, based on Estonian capital, is one of the five universal banks
operating in Estonia. The bank has 232,800 clients who use everyday banking
services. Coop Pank uses the synergy created between retail trade and banking
and brings everyday banking solutions closer to people. The majority shareholder
of the Bank is a domestic retail chain Coop Eesti, the sales network of which
comprises 330 stores.