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Pealkiri

Notice on Public Offering of Subordinated Bonds of Bigbank AS

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Bigbank AS (registry code 10183757, address Riia tn 2, Tartu, 51004) ("Bigbank")
hereby announces a public offering (the "Offering") of its unsecured
subordinated bonds. The Offering is conducted pursuant to the prospectus (the
"Prospectus") prepared by Bigbank and registered by the Estonian Financial
Supervision and Resolution Authority ("EFSA") on 9 June 2025. The Prospectus,
which provides further details, has been disclosed on the date of this
announcement on the websites of Bigbank and the EFSA.

During the Offering, bonds will be issued as part of the first series in
Bigbank's unsecured subordinated bond programme (the "Programme"). Through the
Offering, Bigbank aims to raise up to 3 million euros, with the option to
increase the amount to up to 8 million euros. Under the Programme, Bigbank has
the potential to raise a total of up to 25 million euros.

Main terms of the Offering

During the Offering, Bigbank will offer up to 3,000 unsecured subordinated bonds
titled "EUR 6.50 BIGBANK ALLUTATUD VÕLAKIRI 25-2035," each with a nominal value
of 1,000 euros and a maturity date of 27 June 2035. Bigbank will pay interest on
the bonds quarterly at a fixed rate of 6.5% per annum. In the event of
oversubscription, Bigbank has the right to increase the number of bonds offered
by an additional 5,000 bonds, bringing the total amount offered to up to 8,000
bonds. Bigbank also reserves the right to cancel the Offering for any portion of
the bonds that are not subscribed. The unsecured subordinated bonds are offered
at a price of 1,000 euros per bond. The bonds will be registered in the Estonian
Register of Securities, operated by Nasdaq CSD Estonian Branch ("Nasdaq CSD"),
under ISIN code EE0000001501.

The subscription period for the bonds will begin on 10 June 2025 at 10:00 and
end on 19 June 2025 at 15:30. The Offering will be directed to both retail and
qualified investors in Estonia, Latvia, and Lithuania. The public offering of
the unsecured subordinated bonds will be conducted exclusively in Estonia,
Latvia, and Lithuania, and not in any other jurisdiction. Additionally, Bigbank
may offer the bonds on a non-public basis in all European Economic Area member
states, in accordance with the exemptions set out in Article 1(4) of Regulation
(EU) 2017/1129.

A subordinated bond represents an unsecured debt obligation of Bigbank to the
investor. The subordination of the bonds means that, in the event of liquidation
or bankruptcy of Bigbank, claims arising from the subordinated bonds will only
be settled after the full satisfaction of all unsubordinated, recognised claims,
in accordance with applicable law. Additionally, holders of subordinated bonds
must consider the risk of write-down or conversion of liabilities and claims
(bail-in risk).

Specific details of the Offering are set out in the Prospectus and the
Prospectus Summary.

The indicative timetable of the Offering is as follows:

+-------------------------------------+-------------------------------------+
|Subscription period starts           |10 June 2025 at 10:00 (Tallinn time) |
+-------------------------------------+-------------------------------------+
|Subscription period ends             |19 June 2025 at 15:30 (Tallinn time) |
+-------------------------------------+-------------------------------------+
|Announcement of the Offering results |On or about 20 June 2025             |
+-------------------------------------+-------------------------------------+
|Settlement of the Offering           |On or about 27 June 2025             |
+-------------------------------------+-------------------------------------+
|First trading day                    |On or about 30 June 2025             |
+-------------------------------------+-------------------------------------+


Submitting subscription undertakings

To subscribe for the bonds during the Offering, an investor must have a
securities account with a Nasdaq CSD account operator or a financial institution
that is a member of the Nasdaq Riga or Nasdaq Vilnius Stock Exchange.

An Estonian investor wishing to subscribe for the bonds should contact the
securities account operator managing their account and submit the subscription
undertaking during the offering period.

A Latvian or Lithuanian investor wishing to subscribe for the bonds should
contact the relevant financial institution and submit the subscription
undertaking in the format and manner prescribed by the financial institution, in
accordance with the terms of the Prospectus.

By submitting the subscription undertaking, an investor authorises the account
operator or the relevant financial institution managing the investor's current
account linked to their securities account to immediately block the full
transaction amount on the investor's current account until settlement is
completed or funds are released in accordance with the terms set out in the
Prospectus.

Listing and admission to trading of unsecured subordinated bonds of Bigbank

Bigbank will submit an application to Nasdaq Tallinn AS for the listing and
admission to trading of all bonds issued under the Programme on the Baltic Bond
List of the Nasdaq Tallinn Stock Exchange. The expected date of listing and
admission to trading is on or about 30 June 2025.

While every effort will be made and due care will be taken to ensure the listing
and admission to trading of the unsecured subordinated bonds, Bigbank cannot
guarantee that the bonds will be listed and admitted to trading.

Availability of the documentation of the Offering

The Prospectus, along with the Prospectus Summary, the Terms and Conditions, and
the Final Terms of the bonds, has been published and can be obtained in
electronic form on

Bigbank's website at https://investor.bigbank.eu (https://investor.bigbank.eu/)
and the website of the EFSA at https://www.fi.ee (https://www.fi.ee/).
Additionally, the translations of the Prospectus Summary into Estonian, Latvian,
and Lithuanian are available in electronic format on Bigbank's website at
https://investor.bigbank.eu (https://investor.bigbank.eu/).

Before investing in Bigbank's unsecured subordinated bonds, we ask that you
thoroughly review the Prospectus, the Prospectus Summary, the Terms and
Conditions, and the Final Terms of the bonds. If necessary, please consult with
an expert.

Argo Kiltsmann
Member of the Management Board
Telephone: +372 5393 0833
Email:[email protected]
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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 an invitation to subscribe to subordinated bonds. Each
investor should make any decision to invest in the bonds solely based on the
information contained in the Prospectus, the Prospectus Summary, the Terms and
Conditions, and the Final Terms of the bonds. The approval of the Prospectus by
the Financial Supervision and Resolution Authority is not considered to be a
recommendation for Bigbank's 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 any
country or under any circumstance where publication, sharing or transmission
would be unlawful or to any persons to whom the competent authorities have
applied financial sanctions. Bigbank's unsecured subordinated bonds will be
publicly offered only in Estonia, Latvia, and Lithuania, 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 or to any persons to whom the competent authorities have applied financial
sanctions. The unsecured subordinated bonds are offered solely based on the
Prospectus, the Prospectus Summary, the Terms and Conditions, and the Final
Terms of the bonds, and the Offering is intended only for the persons to whom
the Prospectus is directed. The present notice is not reviewed or confirmed by
any supervisory authority, and it does not constitute a prospectus.