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Notice on Public Offering of Subordinated Bonds of AS Inbank

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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 27 November 2023, 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
subordinated bonds will be carried out only in Estonia and not in any other
jurisdiction.

The Offering is the second series of Inbank's bond programme that started in
2021, under which Inbank can issue bonds worth up to 35 million euros over 3
years.

Main terms of the offering

During the Offering, Inbank offers publicly 6,000 subordinated bonds of "EUR
9.0 Inbank subordinated bond 23-2033" with the maturity date of 13 December
2033 and fixed interest rate of 9% 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 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
12,000. The subordinated bonds are offered at a price of EUR 1,000 per bond.
Subordinated bonds are registered in Nasdaq CSD SE under ISIN code EE3300003714.

The subscription period for the bonds starts on 29 November at 10:00 and ends on
8 December 2023 at 16:00. The offering will be targeted to all retail and
institutional investors in Estonia. Additionally, Inbank may choose to offer the
bonds issued under the Programme to investors in and outside Estonia by private
placement and to qualified investors in accordance with Article 1(4)(a) and (b)
of Regulation 2017/1129/EU.

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. Among
other things, with subordinated bonds, the risk of write down or conversion of
liabilities and claim rights (bail-in risk) must be considered.

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

Timetable of the offering

 29 November 2023 at 10:00    Subscription period starts

 8 December 2023 at 16:00     Subscription period ends

 On or about 11 December 2023 Disclosing the allocation results of the
                              subordinated bonds

 13 December 2023             Settlement of the Offering

                              Expected listing of the subordinated bonds and
 On or about 14 December 2023 admission to trading on the Baltic Bond List of
                              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, 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.

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 14 December 2023.

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 second 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 Authority www.fi.ee
(https://www.globenewswire.com/Tracker?data=9LfxS5jt46ienXvS81sET-
u7YpwesNr0Y93iVLJk9RgRH9U40hODN32U5Ajv4E859C-2le05dafGsVXXTddNYA==).
Additionally, the Prospectus and the final terms of the second 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 second 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 5,400+ merchants, Inbank has
894,000+ active contracts and collects deposits across 8 European markets.
Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

Additional information:
Marko Varik
CFO
marko.varik@inbank.ee
+372 5690 0286


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.