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Results of LHV Group public share offering

30.09.2021

On Wednesday, 29 September 2021, the public share offering of LHV Group in the form of rights issue was concluded on the Nasdaq Tallinn Stock Exchange. All in all 9,117 investors participated in the subscription, subscribing in total EUR 49.4 million worth to the offered new shares.

In total, LHV offered investors 745,294 new ordinary shares. The subscription period commenced on 15 September at 10.00 and concluded on 29 September at 16.00. The price of one share on offer was EUR 34, EUR 1 of which was the nominal value and EUR 33 was the share premium.

745,294 new shares with the nominal value of EUR 1 will be issued and allocated within the offering. As a result of issuing new shares and after registering the increasing of the share capital in the Estonian Commercial Register, the size of the share capital of LHV Group will be EUR 29,864,167.

"Interest in the share issue directed to LHV's existing shareholders was high. The offer was almost two times oversubscribed. We will take great responsibility for the good result and for the capital involved. Our future investment plans are aimed at applying for an UK credit institution license and strengthening the related capitalization, as well as ensuring a multiplying growth in Estonia," Madis Toomsalu, CEO of LHV Group commented.

New shares will presumably be transferred to the securities accounts of investors on 1 October 2021 or a date near to that (during the settlement, new shares will bear a temporary ISIN code). New shares will be listed and trading with these on the main list of the Nasdaq Tallinn Stock Exchange will commence presumably on 18 October or a date near to that, after increasing of the share capital of LHV has been registered in the Estonian Commercial Register.

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. LHV employs over 620 people. As at the end of August, LHV’s banking services are used by 295,000 clients, the pension funds managed by LHV have 175,000 active clients, and LHV Kindlustus protects a total of 136,000 clients. LHV’s UK branch offers banking infrastructure to 170 international financial services companies, via which LHV’s payment services reach clients around the world.

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