Announcement View
Company Baltic Horizon Fund / Northern Horizon Capital AS
Type Company Release
Category Other corporate action
Publicize date 30 Apr 2024 18:40:00 +0300
Languages
Kell English
Currency
Title Changes in the management board of Northern Horizon Capital AS
Content
Northern  Horizon Capital  AS, the  management company  of Baltic  Horizon Fund,
hereby informs of changes in the management board.

Edvinas Karbauskas, a member of the management board of Northern Horizon Capital
AS  and co-fund manager of Baltic Horizon Fund since 3 January 2023, will resign
from  the management board, with his last  date of office being 22 June 2024. He
has been working in Northern Horizon Group since 2018.

"On  behalf of the Board, I would like  to thank Edvinas for his contribution to
Northern  Horizon Capital group. In his  various roles with the company, Edvinas
has  demonstrated an exceptional financial knowledge and a deep understanding of
our  sector coupled  with a  commitment to  continuous improvement.  Edvinas has
contributed to shaping Baltic Horizon Fund's strategic ambitions for the future,
and  I  would  like  to  express  my  sincere  appreciation for his dedication",
comments Tarmo Karotam, fund manager of Baltic Horizon Fund.

"After  an  extraordinary  journey  with  Northern  Horizon,  I  have decided to
transition  from my role on the management board. Throughout my time at Northern
Horizon,  I  have  been  privileged  to  contribute  to  remarkable  milestones,
negotiate  impactful deals, and experience an unparalleled sense of team spirit.
I am profoundly grateful to my colleagues and partners whose dedication has been
instrumental  in our  shared successes.  I have  complete confidence in Northern
Horizon's  ability to create long-term prosperity,  knowing it will be guided by
its dedicated real estate professionals", comments Edvinas Karbauskas.

Starting  from 23 June 2024, the management board of Northern Horizon Capital AS
will  be  as  follows:  Tarmo  Karotam  (the  Chairman  of  the Board) and Aushra
Stankevi?ien?.  The  management  board  of  Northern  Horizon  Capital  AS shall
continue  with two members  and consider the  need for additional appointees for
the  future. Tarmo  Karotam will  remain as  the fund  manager of Baltic Horizon
Fund.

For additional information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
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Baltic Horizon Fund is a registered contractual public closed-end real estate
fund managed by Alternative Investment Fund Manager license holder Northern
Horizon Capital AS. Both the Fund and the Management Company are supervised by
the Estonian Financial Supervision Authority.

Distribution: Nasdaq, GlobeNewswire, www.baltichorizon.com
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To  receive Nasdaq  announcements and  news from  Baltic Horizon  Fund about its
projects,     plans     and     more,    register    on    www.baltichorizon.com
(https://www.baltichorizon.com/).  You  can  also  follow  Baltic  Horizon  Fund
on www.baltichorizon.com   (https://www.baltichorizon.com/)   and   on  LinkedIn
(https://www.linkedin.com/company/baltic-horizon/),                     Facebook
(https://www.facebook.com/baltichorizon), X  (https://twitter.com/BalticHorizon)
and YouTube (https://www.youtube.com/@baltichorizon/featured).