Delfin Group

Transaction in Own Shares • Dec 10, 2025

On the results of the voluntary share buyback offer made to the shareholders of AS DelfinGroup

IPAS Indexo, registration number 40203042988 (IPAS INDEXO or the Offeror), has made a voluntary share buyback offer to AS DelfinGroup, registration number 40103252854, legal address Skanstes iela 50A, Riga, LV-1013, Latvia ("DelfinGroup" or "Company"), shareholders. The offer was made on the basis of the Voluntary Share Repurchase Offer Prospectus, which was approved by the Bank of Latvia on 21 November 2025.

The voluntary share buyback offer took place from 24 November 2025 to 8 December 2025. As part of the voluntary share buyback offer, DefinGroup shareholders were offered to exchange DelfinGroup shares for INDEXO's newly issued dematerialized shares, receiving one IPAS INDEXO share for 7. 3 DelfinGroup shares, or to sell DelfinGroup shares at a price of EUR 1.30 per share.

In accordance with the provisions of Section 32, Paragraph 1 of the Share Repurchase Law and based on the information provided by Nasdaq CSD SE, registration number: 40003242879, legal address: Vaļņu iela 1, Riga, LV-1050, the Offeror has informed the Bank of Latvia, the regulated market organizer - joint stock company "Nasdaq Riga" and the Company about the results of the offer:

1. Information about the Company: Joint Stock Company “DelfinGroup”, registration number: 40103252854, legal address: Skanstes iela 50A, Riga, LV-1013, Latvia, website address: www.delfingroup.lv 

2. Information about the offeror: IPAS “Indexo”, registration number 40203042988, legal address: Roberta Hirša iela 1, Riga, LV-1045, website address: www.indexo.lv 

3. Number of shares offered for exchange: 28,207,565 shares, representing 62.06% of DelfinGroup's voting capital.

4. Number of shares offered for sale: 2,436,318 shares, representing 5.36% of DelfinGroup's voting capital.

5. Total number of shares and voting rights that will be held by the Offeror after the conclusion of the offer: 30,643,883 voting shares of DelfinGroup, representing 67.42% of the voting capital of DelfinGroup.

The planned settlement date for the buyback offer is December 15, 2025. Based on Section 4, Paragraph 1 of the Share Buyback Law, after the settlement of the voluntary share repurchase offer, IPAS INDEXO will immediately submit an application to the Bank of Latvia requesting permission to make a mandatory share repurchase offer for the remaining DelfinGroup shares held by other shareholders. IPAS INDEXO plans to offer DelfinGroup shareholders the opportunity to sell or exchange their shares on the same terms and conditions as those applied in the voluntary share buyback offer.

About DelfinGroup

DelfinGroup is a licenced fintech company established in 2009 and currently operating in Latvia and Lithuania. The company operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer loans, pawn loans, and the sale of pre-owned goods online and at more than 80 branches across Latvia. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy.

Additional information:

Artūrs Dreimanis

DelfinGroup Head of Treasury and Investor Relations

Phone: +371 26189988

E-mail: IR@delfingroup.lv