Market announcement

Title

Resolutions of Annual General Meeting of LHV Group

Message

The Annual General Meeting of Shareholders of AS LHV Group (Group), was held on
22 March at Hilton Tallinn Park Hotel. It was possible to participate in the
meeting electronically and vote remotely on the draft decisions on the agenda,
including watch the meeting via video broadcast. Shareholders entitled to
participate in the meeting could also vote before the meeting.

A total of 1,639 shareholders participated in the meeting, representing a total
of 218,580,401 votes, which corresponds to 69,3% of all votes entitled to
participate in the meeting. Of the participants 1,491 shareholders, representing
a total of 100,270,377 votes, voted before the meeting according to the
procedure for pre-voting and electronic participation published with the notice
on calling the meeting.

The notice on calling the Annual General Meeting was published in the stock
exchange information system and on the Group's website on 28 February 2023. On
the same date, the notice was printed in Eesti Päevaleht daily newspaper.

The Annual General Meeting of the Shareholders of AS LHV Group adopted the
following:

 1. Annual Report 2022

Approve the Group's Annual Report for 2022 as presented to the General Meeting.

In favor: 205,235,410 votes (93.89% of the represented votes)
Opposed: 634,855 votes (0.29% of the represented votes)
Neutral: 1,110,816 votes (0.51% of the represented votes)
Withheld: 11,601,854 votes (5.31% of the represented votes)

 1. Profit Distribution for 2022

The profit attributable to the Group as the parent company of the consolidation
group in the financial year 2022 amounts to EUR 58,319 thousand. Transfer EUR 0
to the legal reserve. Approve the profit distribution proposal made by the
Management Board and pay dividends in the net amount of 4 euro cents per share.
The list of shareholders entitled to receive dividends will be established as of
5 April 2023 COB of the Nasdaq CSD settlement system. Consequently, the day of
change of the rights related to the shares (ex-dividend date) is set to 4 April
2023. From this day onwards, persons acquiring the shares will not have the
right to receive dividends for the financial year 2022. Dividends shall be
disbursed to the shareholders on 12 April 2023.

In favor: 210,449,951 votes (96.28% of the represented votes)
Opposed: 205,665 votes (0.09% of the represented votes)
Neutral: 18,474 votes (0.01% of the represented votes)
Withheld: 7,908,845 votes (3.62% of the represented votes)

 1. Remuneration Principles

Approve the Remuneration Principles of the Group as presented to the General
Meeting.

In favor: 206,614,349 votes (94.52% of the represented votes)
Opposed: 1,436,372 votes (0.66% of the represented votes)
Neutral: 2,342,927 votes (1.07% of the represented votes)
Withheld: 8,189,287 votes (3.75% of the represented votes)

 1. Overview of Economic Results for First Two Months of 2023

An overview was provided by the Management Board to the shareholders on the
economic results of the Group for the first two months of 2023.

 1. Overview of 5-Year Financial Forecast

An overview was provided by the Management Board to the shareholders on the
Group's five-year financial forecast.

 1. Extension of Mandates of Supervisory Board Members

Extend the term of office of the members of the Group's Supervisory Board Rain
Lõhmus, Andres Viisemann, Tiina Mõis, Heldur Meerits, Raivo Hein and Tauno Tats
for a period of 3 (three) years and the term of office of the member of the
Supervisory Board Sten Tamkivi for a period of 1 (one) year from the expiry of
their current term of office.

In favor: 208,276,082 votes (95.28% of the represented votes)
Opposed: 2,740,130 votes (1.25% of the represented votes)
Neutral: 95,762 votes (0.04% of the represented votes)
Withheld: 7,470,961 votes (3.42% of the represented votes)



All relevant documents associated with the Group's General Meeting (including
the notice on calling the General Meeting, draft resolutions, the Group's annual
report for 2022, including the independent auditor's report, proposal for the
profit distribution, the remuneration report, the Supervisory Board's report on
its activities and assessment of the 2022 annual report and remuneration
principles) have been presented in more detail on the Group's website
(https://investor.lhv.ee/en/general-meetings/#22.03.2023), where the minutes of
the meeting shall also be made available at the latest 7 days after the General
Meeting.

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. The Group's companies employ more than 910 people. As at February,
LHV's banking services are being used by 387,000 clients, the pension funds
managed by LHV have 130,000 active clients, and LHV Kindlustus protects a total
of 155,000 clients. LHV's UK branch offers banking infrastructure to 200
international financial services companies, via which LHV's payment services
reach clients around the world.




Priit Rum
LHV Communication Manager
Phone: +372 502 0786
Email: [email protected] (mailto:[email protected])