Market announcement

Title

Notice on public offering of subordinated bonds of Inbank

Message

AS Inbank (hereafter Inbank) hereby announces a public offering of Inbank
subordinated bonds (hereafter Offering). The Offering is conducted on the basis
of the base prospectus approved by the Estonian Financial Supervision and
Resolution Authority (hereafter EFSA) on 22 September 2025, that has been
published on the date of this announcement on the web pages of Inbank and the
EFSA (hereafter Prospectus), and the final terms of the bonds. The Offering
includes a public offering to retail and institutional investors in Estonia.

The Offer is the first series of Inbank's bond programme started this year in
September, under which Inbank can issue bonds worth up to 60 million euros over
a 40 months period.

Main terms of the Offering

During the Offering, Inbank offers publicly 5,000 subordinated bonds of "EUR
6.25 Inbank subordinated bond 25-2035" with the maturity date of 9 October 2035
and fixed interest rate of 6.25% per annum paid quarterly. In case of
oversubscription of the bonds, Inbank has the right to increase the volume of
the Offering by up to 5,000 additional bonds, as a result of which the total
number of the bonds offered in the course of the public offering may be up to
10,000. The subordinated bonds are offered at a price of 1,000 euros per bond.
Subordinated bonds are registered in Nasdaq CSD SE under ISIN code
EE0000002442.

The subscription period for the bonds starts on 23 September at 10 am and ends
on 3 October 2025 at 4 pm.

A subordinated bond represents an unsecured debt obligation of Inbank before the
investor. The subordination of the bonds means that upon the liquidation or
bankruptcy of Inbank, all 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 and in the summary of the
Prospectus.

Timeline of the Offering

+-----------------+-----------------------------------------------------------+
|23 September 2025|Subscription period starts                                 |
|at 10 am         |                                                           |
+-----------------+-----------------------------------------------------------+
|3 October 2025   |Subscription period ends                                   |
|at 4 pm          |                                                           |
+-----------------+-----------------------------------------------------------+
|On or about      |Disclosing the allocation results of the subordinated bonds|
|7 October 2025   |                                                           |
+-----------------+-----------------------------------------------------------+
|9 October 2025   |Settlement of the Offering                                 |
+-----------------+-----------------------------------------------------------+
|On or about      |First trading day on the Stock Exchange                    |
|10 October 2025  |                                                           |
+-----------------+-----------------------------------------------------------+


Submitting subscription undertakings

In order to subscribe for the subordinated bonds, an investor has to submit
during the subscription period to the custodian who holds the investor's
securities account opened at Nasdaq CSD SE a subscription undertaking, with the
format accepted by the custodian and in accordance with the prospectus and offer
conditions. The subscription undertaking must be submitted before the end of the
subscription period. The investor may use any method that such investor's
custodian offers to submit the subscription undertaking (e.g., physically at the
client service venue of the custodian, over the internet or by other means). The
subscription undertaking will be forwarded to Nasdaq CSD SE.

Admission to trading of subordinated bonds

Inbank intends to submit an application to Nasdaq Tallinn AS for the admission
to trading of the subordinated bonds on the Baltic Bond List of the Nasdaq
Tallinn Stock Exchange. The expected date of admission to trading is on or about
10 October 2025.

While every effort will be made and due care will be taken in order to ensure
the admission to trading of the subordinated bonds, Inbank cannot ensure that
the subordinated bonds will be admitted to trading.

Availability of the Prospectus and final terms of the bonds

Inbank Prospectus and the final terms of the first series of bonds together with
a summary have been published and can be obtained in electronic format from
Inbank's website www.inbank.ee (http://www.inbank.ee) and from the website of
the Financial Supervision and Resolution Authority www.fi.ee (http://www.fi.ee).
Additionally, the Prospectus and the final terms of the first series of bonds
together with a summary are available through the information system of Nasdaq
Tallinn Stock Exchange.

Before investing in Inbank's subordinated bonds we kindly ask you to acquaint
yourself with the Prospectus, its annexes, the final terms of the first series
of bonds and the summary in full and if necessary, consult with an expert.

Inbank is a financial technology company with an EU banking license that
connects merchants, consumers and financial institutions on its next generation
embedded finance platform. Partnering with more than 5,700 merchants, Inbank has
931,000+ active contracts and collects deposits across 7 markets in Europe.
Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

Additional information:
Styv Solovjov
AS Inbank
Head of Investor Relations
+372 5645 9738
[email protected]


Important information

This notice is an advertisement for securities within the meaning of 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 invitation to subscribe to subordinated bonds. An offer to subscribe to
subordinated bonds should be made and each investor should make any decision to
invest in the bonds only on the basis of the information contained in the
Prospectus and the final terms of the first series of bonds and if necessary,
consult with an expert. The approval of a Prospectus by the Financial
Supervision Authority is not considered to be a recommendation for 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 circumstance where publication, sharing or transmission would
be unlawful. Subordinated bonds will be publicly offered only in the Republic of
Estonia 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.