Market announcement

Title

Notice on Public Offering of Unsecured Subordinated Bonds of Coop Pank AS

Message

Coop  Pank  AS  (register  code  10237832, address Narva mnt 4, Tallinn, 15014;
hereinafter Coop  Pank)  hereby  announces  a  public  offering  of  Coop Pank´s
unsecured  subordinated bonds (hereinafter Offering).  The Offering is conducted
on  the basis of  the prospectus approved  by the Estonian Financial Supervision
Authority  (FSA) on 15 March  2021 that has been  published on the  date of this
announcement on the web pages of Coop Pank and the FSA (hereinafter Prospectus).
The public offering of the unsecured subordinated bonds will be carried out only
in Estonia and not in any other jurisdiction.

Comment of Margus Rink, Chairman of the Management Board of Coop Pank:

"The  purpose  of  the  bond  program  is  to  finance Coop Pank's future growth
strategy.  Over the last 4 years,  Coop Pank has grown  its operating volumes by
about  40 percent a year, and our footprint  in the Estonian economy is becoming
more  and more noticeable. We have so far covered the capital needs arising from
growth  through earned profits, subordinated  bonds issued in 2017 and 2019, and
an  additional share issue and initial  public offering (IPO) in 2019. The money
raised  in this bond issue is  also planned to be used  to support the growth of
Coop Pank."

Main terms of the Offering

Coop  Pank offers publicly up to 8,000 unsecured subordinated bonds of Coop Pank
EUR  5.5 Coop Pank  bond 21-2031 with  the nominal  value of EUR 1,000 each, the
maturity  date 31 March 2031 and  fixed interest rate  of 5.5% per annum payable
quarterly.  In case of oversubscription of the bonds, Coop Pank has the right to
increase  the volume of the Offering by  up to 2,000 additional bonds. Coop Pank
has  also the  right to  cancel the  Offering in  the volume not subscribed. The
unsecured  subordinated bonds  are offered  with the  price of EUR 1,000 per one
bond.  The unsecured  subordinated bonds  are registered  in Nasdaq CSD SE under
ISIN code EE3300002047.

The  subscription period for the bonds starts on 16 March 2021 at 10.00 and will
end  on 26 March 2021 at 16.00. The offering will  be targeted to all retail and
institutional investors in Estonia.

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

Detailed  information is available in  the Prospectus and in  the summary of the
Prospectus.

Timetable of the Offering

  Subscription period starts       16 March 2021 at 10:00

  Subscription period ends         26 March 2021 at 16:00

  Disclosing results of Offering   On or about 29 March 2021

  Settlement of Offering           On or about 31 March 2021

  First trading day                On or about 1 April 2021

Submitting subscription undertakings

In order to subscribe for the bonds during the Offering, an investor must have a
securities account opened at custodian of the Nasdaq CSD SE Estonia´s subsidiary
(hereinafter Nasdaq CSD).

An  investor wishing to  subscribe to the  bonds should contact their securities
account  custodian and submit  the subscription undertaking  during the offering
period in the form indicated below.

By  submitting the subscription  undertaking, an investor  authorises the Nasdaq
CSD  custodian who   operates the  investor's current  account connected  to its
securities  account to  immediately block  the whole  transaction amount  on the
investor's  current  account  until  the  settlement  is  completed or funds are
released in accordance with the terms set out in the Prospectus.

 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:                           EUR 5.5 Coop Pank võlakiri 21-2031

 ISIN code:                          EE330000204

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

 Price (per bond):                   EUR 1,000

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

 Counterparty:                       Coop Pank AS

 Securities account of counterparty: 99102215403

 Custodian of the counterparty:      AS LHV Pank

 Value date of the transaction:      31 March 2021

 Type of transaction:                ?subscription"

 Type of settlement:                 ?delivery versus payment (DVP)"

Listing and admission to trading of unsecured subordinated bonds of Coop Pank

Coop  Pank intends to submit an application to Nasdaq Tallinn AS for the listing
and  admission to trading of  the subordinated bonds on  the Baltic Bond List of
the Nasdaq Tallinn Stock Exchange. The expected date of listing and admission to
trading is on or about 1 April 2021.

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 unsecured subordinated bonds,
Coop Pank cannot ensure that the unsecured subordinated bonds will be listed and
admitted to trading.

Availability of the Prospectus and bond terms

The  Prospectus and the summary of the Prospectus have been published and can be
obtained in electronic format from Coop Pank´s website www.cooppank.ee/pakkumine
(http://www.cooppank.ee/pakkumine)  and the  Prospectus from  the website of the
FSA  https://www.fi.ee  (https://www.fi.ee/).  In  addition  to  the  above, the
Prospectus,  the  summary  of  the  Prospectus  and the translation thereof into
English  are available  through the  information system  of Nasdaq Tallinn Stock
Exchange.  The bond terms of Coop  Pank's unsecured subordinated bonds have been
published   and   can   be  obtained  in  electronic  format  from  Coop  Pank's
website https://www.cooppank.ee/s3fs-public/volakirja_tingimused.pdf.

Before  investing into  Coop Pank´s  unsecured subordinated  bonds we ask you to
acquaint  yourself with  the Prospectus,  the bond  terms and  the terms  of the
Offering in full and if necessary, consult with an expert.

Kerli Lõhmus
CFO
Tel: +372 56 800 425
e-mail: [email protected] (mailto:[email protected])
www.cooppank.ee (http://www.cooppank.ee/)

Based  on Estonian´s capital, Coop Pank is one in five universal banks operating
in  Estonia. Coop Pank's banking services  are used by more than 90,900 clients.
Coop  Pank AS uses the synergies between  retail and banking and brings everyday
banking services closer to home. The strategic owner of the bank is the domestic
retail chain Coop Eesti, whose sales network includes 330 stores.

Important information

This  notice  is  an  advertisement  for  securities  within  the meaning of the
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  summary of the Prospectus  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 bond 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.