Market announcement

Title

Notice of Public Offering of Unsecured Subordinated Bonds of Coop Pank AS and Registration of Prospectus Supplement

Message

Coop   Pank  AS  (registry  code  10237832, address  Maakri  30, 10145, Tallinn,
Estonia;  hereinafter Coop Pank) hereby announces a public offering of unsecured
subordinated  bonds (hereinafter  the Offering)  and informs  of registration of
supplement  no 1 to  the base  prospectus registered  by the  Estonian Financial
Supervision Authority (the FSA) on 15 March 2021 (the Prospectus).

Coop  Pank offers publicly up to 8,000 unsecured subordinated bonds of Coop Pank
with  the name of  EUR 5 Coop Pank  bond 22-2032, with the  nominal value of EUR
1,000 each,  the maturity date  10 March 2032 and fixed  interest rate of 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  EE3300002542.  The  public offering of the unsecured
subordinated  bonds  is  carried  out  only  in  Estonia  and  not  in any other
jurisdiction.

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

"For  the fifth year  in a row,  we have increased  our business volumes by more
than  40%, and  last  year  the  number  of our customers exceeded 100,000. Coop
Pank's footprint is growing in the Estonian economy, in the local banking market
and  in people's  daily finance  transactions. To  continue our rapid growth, we
need  additional equity. So far, we have  covered the capital needs arising from
the  bank's growth  through the  profits earned  in previous years, subordinated
bonds  issued in 2017 and 2019 and an  additional share issue and initial public
offering  (IPO) in 2019. The offer of the I series of the bond program announced
in  2021 was oversubscribed more than 6 times  and we raised 10 million euros as
part of it. The volume of the II series offer starting today is 8 million euros,
and we will use the money raised to increase the bank's market share."

The  Offering is the second  series under the Coop  Pank bond program created by
the  Prospectus. The  Offering is  conducted on  the basis  of the Prospectus as
amended  and supplemented by supplement no. 1 approved by the FSA on 21 February
2022 (the  Supplement) that has been published  on the date of this announcement
on  the web  pages of  Coop Pank  and the  FSA. The  Supplement incorporates the
consolidated  12-months unaudited interim report of  Coop Pank to the Prospectus
and supplements the Prospectus with information about other events of Coop Pank.

The  subscription period for  the bonds starts  on 22 February 2022 at 10:00 and
will end on 3 March 2022 at 16:00 Estonian time. The Offering is targeted to all
retail and qualified 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 (including its Supplement)
and in the summary of the Prospectus.

Timetable of the Offering

  Subscription period starts                22 February 2022 at 10:00

  Subscription period ends                  3 March 2022 at 16:00

  Announcement of the results of Offering   on or about 7 March 2022

  Settlement of the Offering                on or about 10 March 2022

  First trading day                         on or about 14 March 2022


Submitting subscription undertakings

In order to subscribe for the bonds during the Offering, an investor must have a
securities  account  opened  at  a  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 Coop Pank võlakiri 22-2032

 ISIN code:                          EE3300002542

 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:      10 March 2022

 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 14 March 2022.

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 Supplement  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 from  the website  of the  FSA www.fi.ee
(http://www.fi.ee).  In addition to the above, the Prospectus and its Supplement
are  available through the information system  of Nasdaq Tallinn Stock Exchange.
Also,  the bond terms of Coop Pank's  unsecured subordinated bonds and the final
terms  of the Offering together with the summary have been published Coop Pank's
website     and     can     be    obtained    in    electronic    format    from
at https://www.cooppank.ee/s3fs-public/volakirja_tingimused.pdf              and
https://www.cooppank.ee/s3fs-
public/Teise_seeria_loplikud_tingimused_ja_kokkuvote.pdf respectively.

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

Paavo Truu
CFO
Tel: +372 516 0231
e-mail: [email protected] (mailto:[email protected])
www.cooppank.ee (http://www.cooppank.ee/)

Coop  Pank,  based  on  Estonian  capital,  is  one  of the five universal banks
operating  in Estonia.  The number  of clients  using Coop  Pank for their daily
banking  reached 117,600. Coop  Pank aims  to put  the synergy  generated by the
interaction  of retail business  and banking to  good use and  to bring everyday
banking services closer to people's homes. The strategic shareholder of the bank
is the domestic retail chain Coop Eesti, comprising of 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,  its Supplement  and the  summary of  the Prospectus  and if
necessary,  consult  with  an  expert.  The  approval  of  a  Prospectus  or its
Supplement  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.