Market announcement

Title

Baltic Horizon Fund General Meeting – notice to investors

Message

Northern Horizon Capital AS invites Baltic Horizon Fund unit-holders and Swedish
Depositary  Receipt (hereinafter  the "SDR")  holders (hereinafter  together the
"Investors")  to  attend  an  annual  General  Meeting (hereinafter the "General
Meeting")  of Baltic Horizon  Fund on 9 September  2025 at 14:00 (local Estonian
time) at the office of Northern Horizon Capital AS at Roseni 7 (A tower), 6(th)
floor,  10111 Tallinn,  Estonia.  Registration  for  the  meeting  will begin at
13:00. The General Meeting will be held in English.

The  meeting is convened in accordance  with sections 10.4 and 10.6 of the Rules
of Baltic Horizon Fund and section 47-1 of the Investment Funds Act of Estonia.

The  total  number  of  units  and  votes  in  Baltic  Horizon  Fund  amounts to
143,562,514.

Investors  may also join  the webinar to  view the General  Meeting online on 9
September 2025 at 14:00.

To    join    the   webinar,   please   register   via   the   following   link:
https://zoom.us/webinar/register/WN_yEPDl182Q8-G_VV2S_oSUg.

You  will  be  provided  with  the  webinar  link  and  instructions how to join
successfully.  The webinar will be recorded and available online for everyone at
the company's website on www.baltichorizon.com (http://www.baltichorizon.com).

Agenda

 1. Presentation of the FY2024 audited annual report of Baltic Horizon Fund, as
    well as interim reports of Q1 and Q2 2025.
 2. Overview of the plans for Q3 and Q4.

There  are no issues requiring a vote on  the agenda of the General Meeting, and
no official registration or representation under a power of attorney is required
to  view  the  meeting.  Investors  who  have  officially  registered and/or are
represented by power of attorney will be recorded in the official minutes of the
meeting.

Investors are invited to send questions and comments on the agenda to the Baltic
Horizon   fund  manager  at  [email protected]  (mailto:Tarmo.Karotam@nh-
cap.com)  by 2 September 2025. Northern  Horizon Capital AS  will respond to the
questions and comments at the meeting itself.

Participation - requirements and notice for official participation

Investors  who are entered  in the Baltic  Horizon Fund registry of unit-holders
maintained  by Nasdaq  CSD SE  and holders  of SDRs  registered in the Euroclear
Sweden  AB system ten days  before the date of  the General Meeting, i.e. at the
end  of business of Nasdaq CSD SE on 30 August 2025, are entitled to participate
in the meeting.

Instructions  to holders of  Baltic Horizon Fund  SDRs registered with Euroclear
Sweden AB in Sweden

IMPORTANT  REQUIREMENT: SDR  holders whose  SDR-s are  registered with Euroclear
Sweden  AB via  a bank  or other  nominee are  required to  notify their bank or
nominee  account provider by 29 August 2025 to temporarily add their name on the
Euroclear Sweden AB owner register.

Notice  of participation should also be sent by 16:00 EET on 5 September 2025 to
[email protected]   (mailto:[email protected]).  Notice  should  include
name,  personal identification number  (or the registration  number of the legal
person),  address, number of units represented and, if applicable, attendance of
any  representatives, along with the name  and personal identification number of
the  representatives. The  attendance of  a representative  does not deprive the
Investor of the right to participate at the meeting.

Instructions for holders of Baltic Horizon Fund units

IMPORTANT  REQUIREMENT: Investors whose fund units  are registered via a bank or
other  nominee are required to notify their  bank or nominee account provider by
29 August 2025 to temporarily add their name on the Nasdaq owner register.

In  order  to  facilitate  the  registration  process, investors whose units are
registered  in  their  own  name  are  also  invited  to provide notice of their
attendance   by   16:00 EET   on   5 September   2025 to   [email protected]
(mailto:[email protected]).    Notice    should   include   name,   personal
identification number (or the registration number of the legal person), address,
number   of   units   represented   and,   if   applicable   attendance  of  any
representatives,  along with the name and  personal identification number of the
representatives.  The attendance of a representative  does not deprive the unit-
holder of the right to participate at the meeting.

Representation under a power of attorney

Investors  whose  representatives  are  acting  under  a  power  of attorney are
requested  to  prepare  a  written  power  of attorney for the representative in
Estonian or English (templates can be found at Annex 1).

A copy of the executed power of attorney should be sent to [email protected]
(mailto:[email protected])  together  with  the  notice of participation. In
case  the power of attorney is issued by a legal person, a certified copy of the
registration  certificate (or equivalent certificate of authority) shall also be
submitted  together with, as applicable,  the documents certifying the authority
of  the representative in case the power of attorney is signed by a person under
a power of attorney.

Baltic  Horizon Fund  is registered  in Estonia,  which means  that any power of
attorney  (or  any  certified  copy  of  the registration certificate of a legal
person)  issued in a foreign  country should be notarised  and accompanied by an
apostille. The apostille requirement applies, for example, to powers of attorney
issued and notarised in Sweden or Finland.

Instructions for the day of the General Meeting

We  kindly ask  Investors to  bring a  personal identification document, and for
their  representatives also to present the original written power of attorney in
English  or Estonian. In case  the Investor is a  legal person, documentation in
Estonian or English certifying the authority of the Investor's representative or
the signatory of the power of attorney will also be requested.

Data  collected  by  Northern  Horizon  Capital  AS from powers of attorney, the
unitholders  registry maintained by  Nasdaq CSD SE,  and the list  of holders of
SDRs  registered in the Euroclear Sweden AB  system will be used for the purpose
of registration for the meeting.

Annex 1:

Form  of power of attorney  to appoint a representative  for the general meeting
(in Estonian)

Form  of power of attorney  to appoint a representative  for the general meeting
(in English)

For additional information, please contact:

Tarmo Karotam

Baltic Horizon Fund manager

E-mail [email protected] (mailto:[email protected])

www.baltichorizon.com (http://www.baltichorizon.com)

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 (http://www.baltichorizon.com)

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, Facebook,
X and YouTube.