Market announcement

Title

Notice on Public Offering of Subordinated Bonds of AS Inbank

Message

AS Inbank (hereinafter Inbank) hereby announces a public offering of Inbank
subordinated bonds (hereinafter Offering). The Offering is conducted on the
basis of the base prospectus approved by the Estonian Financial Supervision
Authority (hereinafter FSA) on 29 November 2021 that has been published on the
date of this announcement on the web pages of Inbank and the FSA (hereinafter
Prospectus), and the final terms of the bonds. The public offering of the
unsecured subordinated bonds will be carried out only in Estonia and not in any
other jurisdiction.

Main terms of the Offering

Inbank offers publicly 12,000 subordinated bonds "EUR 5.50 Inbank subordinated
bond 21-2031" with the maturity date 15 December 2031 and fixed interest rate of
5.5% per annum payable quarterly. In case of oversubscription of the bonds,
Inbank has the right to increase the volume of the Offering by up to 6,000
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 18,000. The subordinated bonds
are offered at a price of EUR 1,000 per one bond. Subordinated bonds are
registered in Nasdaq CSD SE under ISIN code EE3300002302.

The subscription period for the bonds starts on 30 November 2021 at 10:00 and
will end on 9 December 2021 at 16:00. The offering will be targeted to all
retail and institutional investors in Estonia.

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.

Timetable of the Offering

 30 November 2021 at 10:00      Subscription period starts

 9 December 2021 at 16:00       Subscription period ends

 On or about 13 December 2021   Disclosing results of the Offering

 15 December 2021               Settlement of the Offering

                                Expected listing of the subordinated bonds and
                                admission to trading on the Baltic Bond List of
 On our about 16 December 2021  the Nasdaq Tallinn Stock Exchange.


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, which has
to contain the following data:

                                     Name of the investor who submitted the
 Owner of the securities account:    subscription undertaking

                                     Number of the investor's securities
 Securities account:                 account

 Custodian:                          Name of the investor's custodian

 Security:                           EUR 5.50 Inbank subordinated bond 21-2031

 ISIN code:                          EE3300002302

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

 Price (per bond):                   EUR 1,000

                                     The number of bonds for which the investor
                                     wishes to subscribe multiplied by the
 Transaction amount:                 offer price

 Counterparty:                       AS Inbank

 Securities account of counterparty: 99102014361

 Custodian of the counterparty:      AS LHV Pank

 Value date of the transaction:      15 December 2021

 Type of transaction:                "subscription"

 Type of settlement:                 "delivery versus payment"


Listing and admission to trading of subordinated bonds

Inbank 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 16 December 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 subordinated bonds, Inbank
cannot ensure that the subordinated bonds will be listed and 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 https://inbank.ee/en/bonds and from the website of the
Financial Supervision 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 consumer finance focused digital bank active in the Baltics, Poland
and Czechia with additional deposits accepted in Germany, Austria, the
Netherlands and Finland. Inbank has over 4,500 active partners and 743,000
active contracts. Inbank bonds are listed on the Nasdaq Baltic Stock Exchange.

Additional information:

Merit Arva
AS Inbank
Head of Communications
[email protected]
+372 553 3550

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.