Market announcement

Title

Intended Changes in the Supervisory Boards of LHV Group and LHV Pank

Message

AS LHV Group announces that the Nomination Committee has made a proposal to the
Supervisory Boards of AS LHV Group and AS LHV Pank to initiate the fit and
proper assessment process for Kairi Pauskar. The intention is to propose her
election as a new member of the Supervisory Boards of both companies. In
accordance with the Articles of Association, the proposed term would be up to
three years for LHV Group and up to five years For LHV Pank. The elections are
planned to take place at the next Annual General Meeting of LHV Group and by the
sole shareholder of LHV Pank. The appointments would take effect based on the
respective shareholder decisions.

In addition to her intended roles on the Supervisory Boards of LHV Group and LHV
Pank, Kairi Pauskar is also expected to also assume the role of the Chair of the
Nomination Committee and the Remuneration Committee. Until assuming her
Supervisory Board positions, she will be advising LHV Group companies on HR and
organisational matters.

Background of Kairi Pauskar:

Kairi Pauskar studied Information Technology at the University of Tartu and
began her career in software development, holding project management roles at
Codewiser and Nortal. At Nortal, she transitioned into HR leadership, serving as
HR Manager for six years. She then worked four and a half years as an HR
Architect at Wise (formerly TransferWise), a global fintech platform, where she
helped build a strong organizational culture during a period of rapid growth, as
the company expanded from around 60 to more than 1,200 employees. She was also
the Head of People & Operations at Salv Technologies, a company specialising in
anti-financial crime solutions for the financial sector. Alongside her
professional career, she works as an entrepreneurship consultant, trainer, and
angel investor, and contributes to the EBS Executive Education People Management
program. She is also a 100% owner of SERBAL OÜ, an investment company. As of the
date of this announcement, Kairi Pauskar does not hold any shares of LHV Group.
No LHV Group shares are held by persons closely associated with her.

Rain Lõhmus, Chairman of the Supervisory Board of LHV Group, commented:

"We are delighted to propose Kairi Pauskar to our Supervisory Board starting
from the next term. Her blend of technology education, deep expertise in shaping
organisational culture at high-growth financial-tech companies, and hands-on
leadership as an entrepreneur will be invaluable in guiding LHV's next chapter."

LHV Group is the largest domestic financial group and capital provider in
Estonia. The LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV
Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the
end of July, the services of LHV Pank are being used by 476,000 customers, the
pension funds managed by LHV have 109,000 active customers, and LHV Kindlustus
protects a total of 177,000 customers. LHV Bank Limited, a subsidiary of the
Group, holds a banking licence in the United Kingdom and provides banking
services to international financial technology companies, as well as loans to
small and medium-sized enterprises.


Communications
Paul Pihlak
Head of Communications
Email: [email protected]
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