Announcement View
Company Baltic Horizon Fund / Northern Horizon Capital AS
Type Company Release
Category Other corporate action
Publicize date 30 Jun 2022 19:15:00 +0300
Languages
Kell English
Currency
Title Baltic Horizon Fund has signed a framework agreement with Nordic Issuing AB
Content
Northern Horizon Capital AS and Nordic Issuing AB, a Swedish licenced investment
firm  entered into a framework agreement to explore the possibilities of issuing
Swedish  Depositary Receipts (?SDR")  representing Baltic Horizon  Fund units on
the Swedish market.

According to the framework agreement, after legal and technical due diligence of
the  intended structure, Nordic Issuing AB would act as the issuing agent of the
SDR-s and safekeep Baltic Horizon Fund units to be represented by the SDR-s.

The  cooperation  and  intended  issuance  of  SDR-s  is  planned in response to
Euroclear  Sweden  AB-s  decision  to  terminate  the  affiliation agreement for
keeping  Baltic  Horizon  Fund  units  registered  with its book entry system in
Sweden,  taking place due to a strategic decision by Nordea Bank Abp to exit its
Nordic  sub-custody business. Baltic Horizon Fund  informed the investors of the
termination on 29 September 2021. Northern Horizon Capital AS and Nordic Issuing
AB  are determined to work towards having  the alternative solution in place for
the Swedish investors before the termination of Euroclear agreement.

For additional information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
(https://www.globenewswire.com/Tracker?data=PzsCTdcuGgS48ZF9cEjGDLIWoc5ZAOTZuCeJ
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www.baltichorizon.com
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oeyl93S8nyw2EbcBkUIVcMqyf53TKKG5tg4Ji5LPKehNTFh4_xN1DEkox8HqnI1JSndHFz07Q=)

Baltic  Horizon Fund is  a registered contractual  public closed-end real estate
fund  that  is  managed  by  Alternative  Investment Fund Manager license holder
Northern Horizon Capital AS.

Distribution:         GlobeNewswire,        Nasdaq        Tallinn,        Nasdaq
Stockholm, www.baltichorizon.com
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