Market announcement

Title

Notice on Public Offering of Unsecured Subordinated Bonds of Bigbank AS and Registration of Prospectus Supplement

Message

Bigbank  AS (register  code 10183757, address  Riia tn 2, Tartu, 51004; Bigbank)
hereby  announces a  public offering  of Bigbank's  unsecured subordinated bonds
(the  Offering)  and  informs  of  registration  of  supplement no 1 to the base
prospectus  registered by the Estonian Financial Supervision Authority (the FSA)
on 5 September 2022.

The  Offering is the second series under the Bigbank unsecured subordinated bond
programme  created by the Prospectus (the Program). The Offering is conducted on
the  basis of the Prospectus as amended by supplement no 1 registered by the FSA
on  30 January 2023 (the Supplement) that has been published on the date of this
announcement   on  the  web  pages  of  Bigbank  and  the  FSA.  The  Supplement
incorporates to the Prospectus the Group's interim financial information for the
9-months  period ended  30 September 2022, updates  certain risk factors, amends
the  use of  proceeds and  updates the  Prospectus with information about recent
events and changes.

Main terms of the Offering

In the course of the Offering, Bigbank offers up to 5,000 unsecured subordinated
bonds  of Bigbank with the name  of EUR 8.00 Bigbank subordinated bond 23-2033,
with the nominal value of EUR 1,000 each, the maturity date 16 February 2033 and
fixed   interest   rate   of   8% per  annum,  payable  quarterly.  In  case  of
oversubscription,  Bigbank has the right to  increase the volume of the Offering
by  up to 10,000 bonds. Bigbank has also the right to cancel the Offering in the
volume  not subscribed.  The unsecured  subordinated bonds  are offered with the
price of EUR 1,000 per one bond. The unsecured subordinated bonds are registered
in Estonian Register of Securities under ISIN code EE3300003052.

The  subscription period  for the  bonds starts  on 31 January 2023 at 10:00 and
will end on 10 February 2023 at 15:30.

The  Offering will  be targeted  to retail  and qualified investors  in Estonia,
Latvia  and Lithuania. The  public offering of  the unsecured subordinated bonds
will  be carried out only in Estonia, Latvia  and Lithuania and not in any other
jurisdiction.

Subordinated  bond represents an unsecured debt obligation of Bigbank before the
investor.  The subordination  of the  bonds means  that upon  the liquidation or
bankruptcy  of Bigbank, all the claims arising from the subordinated bonds shall
fall  due  and  shall  be  satisfied  only  after  the  full satisfaction of all
unsubordinated recognised claims in accordance with the applicable law. Detailed
information is available in the Prospectus, its Supplement and in the summary of
the Prospectus.

The indicative timetable of the Offering is the following:

  Subscription period starts         31 January 2023 at 10:00

  Subscription period ends           10 February 2023 at 15:30

  Announcement of Offering results   on or about 13 February 2023

  Settlement of Offering             on or about 16 February 2023

  First trading day                  on or about 17 February 2023

Submitting subscription undertakings

To subscribe  for  the  bonds  during  the  Offering,  an  investor  must have a
securities  account with  a Nasdaq  CSD SE  Estonian branch (Nasdaq CSD) account
operator  or a financial institution who is a member of the Nasdaq Tallinn Stock
Exchange (Stock Exchange).

An  investor wishing to subscribe for  the bonds should contact their securities
account  custodian and submit  the subscription undertaking  during the offering
period  in the form indicated below. By submitting the subscription undertaking,
an investor authorises the custodian who operates the investor's current account
connected  to its securities account to  immediately block the whole transaction
amount  on the investor's  current account until  the settlement is completed or
funds are released in accordance with the terms set out in the Prospectus.

 Owner of the securities account:    Name of the investor who submitted the
                                     subscription undertaking

 Securities account:                 Number of the investor's securities
                                     account

 Custodian:                          Name of the investor's custodian

 Security:                           EUR 8.00 Bigbank subordinated bond 23-2033

 ISIN code:                          EE3300003052

 Amount of securities:               The number of bonds determined by the
                                     investor

 Price (per bond):                   EUR 1,000

 Transaction amount:                 The total amount of the transaction (the
                                     number of bonds determined by the investor
                                     multiplied by price per one bond)

 Counterparty:                       Bigbank AS

 Securities account of counterparty: 99000870377

 Custodian of the counterparty:      AS SEB Pank

 Value date of the transaction:      16.Feb.23

 Type of transaction:                "purchase" or "subscription"


Listing and admission to trading of unsecured subordinated bonds of Bigbank

Bigbank  has applied for listing and admission  to trading of all the bonds that
may  be from time to time issued under  the programme on the Baltic Bond List of
the  Stock Exchange which has been  conditionally approved by the Stock Exchange
on  6 September  2022. Bigbank  will  also  apply  for  listing and admission to
trading  of the bonds to be issued in  the course of the Offering and trading is
expected to commence on or about 17 February 2023.

While every effort will be made and due care will be taken to ensure the listing
and the admission to trading of the unsecured subordinated bonds, Bigbank cannot
ensure  that the  unsecured subordinated  bonds will  be listed  and admitted to
trading.

Availability of the documentation of the Offering

The  Prospectus together with the Supplement, the bond terms and final terms and
the  summary  of  the  Prospectus  have  been  published  and can be obtained in
electronic  format  from  Bigbank's  website https://investor.bigbank.eu and the
website of the FSA https://www.fi.ee. In addition to the above, the translations
of  the summary of the  Prospectus into Estonian, Latvian  and Lithuanian can be
obtained         in        electronic        format        from        Bigbank's
website https://investor.bigbank.eu.

Before  investing  into  Bigbank's  unsecured  subordinated  bonds we ask you to
acquaint yourself with the Prospectus, its Supplement and summary as well as the
bond  terms and the  final terms of  the bonds and  the terms of the Offering in
full and if necessary, consult with an expert.

Argo Kiltsmann
Member of the board
Tel: +372 53 930 833
e-mail: [email protected] (mailto:[email protected])
www.bigbank.ee (http://www.bigbank.ee)

Important information

This  notice  is  an  advertisement  for  securities  within  the meaning of the
Regulation No 2017/1129/EU of 14 June 2017 of the European Parliament and of the
Council   European   Parliament  and  does  not  constitute  an  offer  to  sell
subordinated  bonds or  an invitation to  subscribe to  subordinated bonds. Each
investor  should make any decision  to invest in the  bonds only on the basis of
the  information contained in the Prospectus,  its Supplement and the summary of
the  Prospectus.  The  approval  of  the  Prospectus  or  its' Supplement by the
Financial  Supervision Authority  is not  considered to  be a recommendation for
Bigbank's subordinated bonds.

The  information  contained  in  this  notice  is  not intended to be published,
distributed  or transmitted, in whole or in part, directly or indirectly, in the
United  States, Canada,  Hong Kong,  Japan, Singapore,  South Africa,  or in any
other   country   or  under  any  circumstance  where  publication,  sharing  or
transmission  would be unlawful.  Bigbank's subordinated bonds  will be publicly
offered only in Estonia, Latvia and Lithuania and the sale or offer of the bonds
shall  not take place in  any jurisdiction where such  offer, invitation or sale
would be unlawful without the exception or qualification of law.