Market announcement

Title

NOTICE ON PUBLIC OFFERING, LISTING AND ADMISSION TO TRADING OF SUBORDINATED BONDS OF AS LHV GROUP AND REGISTRATION OF SUPPLEMENT TO THE PROSPECTUS

Message

AS  LHV Group  (registry code  11098261, registered address  Tartu mnt 2, 10145
Tallinn;   hereinafter   LHV)  hereby  announces  a  public  offering  of  LHV's
subordinated  bonds and  informs about  the registration  of a supplement to the
prospectus.

Public Offering of Subordinated Bonds

LHV offers publicly up to 15,000 additional subordinated bonds of LHV "LHV Group
subordinated bond 28.11.2028" with the nominal value of EUR 1,000, interest rate
offered to the investor 6.0% per annum and maturity date 28.11.2028. LHV has the
right  to increase  the offering  volume until  issue date  by EUR 5 million and
issue  up to 5,000 additional subordinated bonds as  a result of which the total
number  of the bonds offered in  the course of the public  offering may be up to
20,000 and  the total  volume of  the offering  may rise  to EUR 20 million. The
public offering is carried out only in Estonia.

The  offering is conducted on the basis of the base prospectus registered by the
Financial  Supervision Authority  on 29.10.2018 and  the supplement  approved on
20.05.2019, which  as  at  the  day  of  this  notice have been published on the
websites  of  LHV  and  the  Financial  Supervision  Authority together with any
possible  annexes (hereinafter the Prospectus).  With the supplement, registered
on  20.05.2019, the  LHV  consolidated  (audited)  annual  accounts 2018 and the
interim  accounts of the first quarter of 2019 (unaudited) shall be incorporated
into  the Prospectus, the  Prospectus is supplemented  with the recent events of
LHV  Group and also the Estonian summary  of the Prospectus is supplemented with
the above information.

The offering is the second series of LHV's bond program, created on the basis of
the Prospectus. Under the program, LHV has the possibility to issue subordinated
bonds in a total volume of up to EUR 45 million in the course of several issues.

Subordinated  bond represents  an unsecured  debt obligation  of LHV  before the
investor.  The subordination  of the  bonds means  that upon  the liquidation or
bankruptcy of LHV, 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.

The  subordinated bonds issued during the offering bear the same rights with the
first  series of  subordinated bonds  issued within  the bond program in October
2018. Subordinated  bonds will  be issued  in a  dematerialised book-entry form.
Subordinated  bonds  will  be  registered  in  Nasdaq  CSD  SE  under  ISIN code
EE3300111558.

Subordinated  bonds will be offered at a  price of EUR 1,004.83 per one bond. In
addition  to the nominal value of the bond, the subscription price also contains
the  interest accumulated by the value date, which the investor will be returned
together with the quarterly interest payment.

The time schedule of the offering of the subordinated bonds is as follows:

 05.06.2019 at 10.00    Start of the subscription period for the subordinated
                        bonds

 21.06.2019 at 16.00    End of the subscription period for the subordinated
                        bonds

 On or about 25.06.2019 Disclosing the allocation results of the subordinated
                        bonds

 On or about 27.06.2019 Transfer of the subordinated bonds to investors'
                        securities accounts

 On or about 27.06.2019 Expected listing of the subordinated bonds and
                        admission to trading on the regulated market operated
                        by Nasdaq Tallinn AS (on the Baltic Bond List of the
                        Nasdaq Tallinn Stock Exchange)



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, which has
to contain the following data:

 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:                               LHV Group subordinated bond 28.11.2028

 ISIN code:                              EE3300111558

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

 Price (per bond):                       EUR 1,004.83

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

 Counterparty:                           AS LHV Group

 Securities account of counterparty:     99100539709

 Custodian of the counterparty:          AS LHV Pank

 Value date of the transaction (trade    Date of submission of the subscription
 date):                                  undertaking

 Value date of the transaction:          27.06.2019

 Type of transaction:                    "purchase"

 Type of settlement:                     "delivery versus payment"

The subscription undertaking will be forwarded to Nasdaq CSD SE.

Listing and Admission to Trading of Subordinated Bonds

LHV intends to submit an application to Nasdaq Tallinn AS for the listing and
admission to trading of additional LHV's subordinated bonds "LHV Group
subordinated bond 28.11.2028" on the regulated market (on the Baltic Bond List
of the Nasdaq Tallinn Stock Exchange). The expected date of listing and
admission to trading is on or about 27.06.2019.

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

Availability of Prospectus and Final Terms of the Offering

The base Prospectus of LHV and its supplement together with a summary in
Estonian have been published and can be obtained in electronic format from LHV's
website https://investor.lhv.ee/ and from the website of the Financial
Supervision Authority https://www.fi.ee/. Additionally, the Prospectus and the
supplement thereto are available through the information system of Nasdaq
Tallinn Stock Exchange. The terms and conditions of LHV's subordinated bonds,
the final terms and conditions of the offering of LHV's subordinated bonds and
their summary in Estonian have been published and can be obtained in electronic
format from LHV's website https://investor.lhv.ee/.

Before investing into LHV's subordinated bonds we ask you to acquaint yourself
with the Prospectus, its annexes and the final terms and conditions of the
offering.



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