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Gill Lungley to become a member of the Board of Directors of LHV Bank Limited

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As of 1 April 2024, Gill Lungley will become a member of the Board of Directors
of LHV Bank Limited, a subsidiary of AS LHV Group. She is the fourth Independent
Non-Executive Director (INED) to join the Board of Directors of LHV Bank
Limited. Gill will also become a member of the Risk Committee and Remuneration
Committee of LHV Bank Limited.

Gillian  (known as  Gill) is  a seasoned  financial services executive and Board
Director.  She has broad experience in the financial field as an INED, executive
director  as well as leading technology and operations teams at an international
level.  Gill's  early  career  began  at  J.P  Morgan.  She  has since enjoyed a
successful  career holding senior technology positions in Credit Suisse, UBS and
Deutsche Bank.

Gill  is currently serving as an INED at  Citibank Europe PLC where she is Chair
of  the Remuneration Committee  and a member  of the Risk  and Audit Committees,
Fnality Services Limited, where she is Chair of the Board (subject to regulatory
approval), Chair of the Nominations and Remuneration Committee and member of the
Risk  and Audit Committee.  Outside of her  plural career in financial services,
Gill  also acts as  Trustee and Treasurer  for T&M Greg  Trust, which is a small
charity  taking care of  the ownership and  management of buildings, facilities,
and open space in Hertfordshire.

Gill's  INED  career  began  in  2002, when  she  served as INED for Markit SERV
Limited.  She has also previously served as an  INED at the UK Home Office Audit
Committee   (April   2004-April 2007), CLS   Group   Holdings   AG  &  CLS  Bank
International (April 2016-November 2018), Bedfordshire Hospitals NHS Trust (June
2019-June 2020) and  most  recently  at  Société  Generale International Limited
(December 2019-December 2020).

Before  pursuing  her  INED  career,  Gill  has spent over 30 years in Financial
Services. Her achievements and contribution to financial services was recognised
at  an  industry  level  in  2013 as  winner  of  Banking Technology's award for
"Outstanding contribution by a female in Financial Technology'.

Gill  graduated with  BA (Hons)  Business Studies,  MPhil Business Studies, from
Trent Polytechnic and Universitat Gesamthochschule (Germany).

Madis  Toomsalu, Chairman  of the  Board commented  on Gill's  appointment: "The
basis of our successful service development is our skilful use of technology. We
are  delighted to appoint Gill to the LHV  Bank Board. She has a deep technology
background  together with broad knowledge in Banking and Financial Services. Her
experience is a much-welcomed addition to the UK Bank board."

Gill Lungley and the persons related to her do not hold shares of AS LHV Group.

LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV
Kindlustus, and LHV Bank Limited. The Group employs over 1080 people. As at the
end of February, LHV's banking services are being used by 424,000 clients, the
pension funds managed by LHV have 121,000 active clients, and LHV Kindlustus
protects a total of 164,000 clients. LHV Bank Limited, a subsidiary of the
Group, holds a banking licence in the UK and provides banking services to
international financial technology companies, as well as loans to small and
medium-sized enterprises.



Priit Rum
LHV Communications Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee (mailto:priit.rum@lhv.ee)