INDEXO — Capital/Financing Update 2026

Apr 27, 2026

Final Terms dated April 27, 2026

AS INDEXO Banka

Legal entity identifier (LEI): 875500LY35QI0UMK4S27

Issue of EUR 5,000,000 Series No. 1 of Bonds due April 29, 2036

under the Programme for the Issuance of Tier 2 Subordinated Bonds

in the total amount of up to EUR 10,000,000

The terms used herein shall be deemed to be defined as such for the purposes of the Base Prospectus of the offering Programme of non-convertible unsecured and unguaranteed subordinated bonds (the "Bonds") of AS INDEXO Banka in the total amount of up to EUR 10,000,000 and admission thereof to trading on the Baltic Bond List of Nasdaq Riga, dated 16 April 2026 (the "Base Prospectus"), which constitutes a base prospectus for the purposes of Regulation 2017/1129 as may be amended from time to time (the "Prospectus Regulation").

This document constitutes the Final Terms of Series No. 1 of the Bonds described herein for the purposes of Article 8(4) of the Prospectus Regulation and must be read in conjunction with the Base Prospectus. Full information on the Issuer and the Offering of the Bonds is only available on the basis of the combination of these Final Terms and the Base Prospectus. A summary of this Series of Bonds is annexed to these Final Terms.

The Base Prospectus has been published on the website of the Company (https://indexo.lv/en/forinvestors/), and on the website of Nasdaq Riga (https://www.nasdaqbaltic.com).

1.	Issuer:	AS INDEXO Banka
2.	Series number:	1
3.	ISIN code:	LV0000111078
4.	Currency:	EUR
5.	Aggregate NominalAmount ofthe Series:	EUR 5,000,000.
6.	Issue Price	100per cent. of the Nominal Value of the Bond
7.	Nominal Valueof the Bond:	EUR 1,000
8.	Subscription Period:	17April 2026 till 24 April 2026
9.	Interest Rate:	10%per annum
10.	Interest Payment Dates:	29 April and 29 October annually. The first InterestPayment Date will be 29 October 2026

11.	Maturity Date:	29 April 2036
12.	Issue Date	29 April 2026
13.	Yield:	10% per annum. Yield is calculated based on theNominal Amount and on the Issue Date. Actual yieldmay differ depending on the price paid for a specificbond by an investor.
14.	Minimum Investment Amount:	EUR 1,000
15.	Total Expenses of the Seriesandthe Estimated Net Proceedsofthe Series	Total expenses of the Seriesare expected to amountto EUR 100,000. Estimated net proceeds of the Seriesare EUR 4,900,000.
16.	Issuing Agent	Signet Bank AS
17.	Placement Agent [-s]	Signet Bank AS, Redgate Capital AS, Orion Securities
18.	Procedure for Submission of theSubscription Orders	As described in Base Prospectus Section 4.4
19.	Procedure for allocation of theBonds:	The Issuerin its sole discretion, in consultation withthe Placement Agent(s), will determine the allocationof the Bonds after the end of the Subscription Period.Allocation will be made among valid and properlysubmittedsubscriptionordersonly,takingintoaccount, inter alia, the total demand for the Bonds, thequality and composition of the investor base, and theobjectiveofachievingabroadandbalanceddistribution of the Bonds.The Issuer reserves the rightto accept or reject subscription orders (in whole or inpart) in accordance with the Base Prospectus andapplicable law.
		In the event of oversubscription, the Issuer may, at itsdiscretion, scale down subscription orders. Whenallocating the Bonds, the Issuer intends to give priorityto subscription orders with a nominal amount of EUR100,000 or more.
		Allocations will be rounded down to the nearestmultiple of the Nominal Valueof the Bond(EUR

1,000). Any residual amount resulting from rounding

may be allocated at the Issuer's discretion.

These Final Terms have been approved by the Management Board of the Company at its meeting on 7 April 2026 and have been updated on 27 April 2026 after allocation of the Bonds to the investors.

On behalf of AS INDEXO Banka:

Valdis Siksnis Ivita Asare Chairman of the Board Member of the Board

THIS DOCUMENTS IS SIGNED ELECTRONICALLY BY SECURED ELECTRONIC SIGNATURE AND CONTAINS TIME STAMP