LHV Group — Capital/Financing Update 2025

Sep 10, 2025

AS LHV Group issues EUR 80 million Tier 2 subordinated notes

AS LHV Group issues EUR 80 million Tier 2 subordinated notes

On 9 September 2025, AS LHV Group carried out an issue of Tier 2 subordinated
notes in the total nominal amount of EUR 80,000,000 (the "Notes") in the
international markets. The settlement date of the Notes is 16 September 2025.

The Notes are issued in bearer form with a denomination of EUR 100,000, with
increments of EUR 1,000. The Notes mature on 16 September 2035 and have a first
call date on 16 September 2030. Until the first call date, the Notes bear
interest at a fixed rate of 5.5% per annum, payable annually. Thereafter, the
Notes will bear interest at 3-month Euribor plus a margin of 3.25%, payable
quarterly. The issue price of the Notes was 99.817% of the nominal amount,
corresponding to a yield of 5.543%. The Notes will be listed on the Global
Exchange Market of Euronext Dublin.

The Notes were allocated to European investment funds and other qualifying
investors. Asset managers accounted for the majority of the allocations (62%),
followed by banks (19%) and investment companies (13%). Baltic and other CEE
investors accounted for 22% of the total issue.

The net proceeds of the issue amount to EUR 79.85 million. LHV Group intends to
apply for the Notes to be recognised as Tier 2 own funds.

As disclosed on 29 August 2025, LHV Group has decided to redeem early the EUR
35 million subordinated notes issued in 2020.

LHV Group is the largest domestic financial group and capital provider in
Estonia. The LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV
Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the
end of July, the services of LHV Pank are being used by 476,000 customers, the
pension funds managed by LHV have 109,000 active customers, and LHV Kindlustus
protects a total of 177,000 customers. LHV Bank Limited, a subsidiary of the
Group, holds a banking licence in the United Kingdom and provides banking
services to international financial technology companies, as well as loans to
small and medium-sized enterprises.

Investor Relations
Sten Hans Jakobsoo
Head of Investor Relations and Corporate Development
Email: [email protected]
(https://www.globenewswire.com/Tracker?data=8zkQD9334U7_k4TOflLmkdLtLbYKZANkGe4e
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Communications
Paul Pihlak
Head of Communications
Email: [email protected]
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