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Notice of completion of the transaction regarding the sale of Northern Horizon Capital AS shares

Teade

Northern  Horizon Capital  AS, the  management company  of Baltic  Horizon Fund,
hereby  notifies that on 30 October 2025, the previous sole shareholder Northern
Horizon  A/S (registered in Denmark  under register number 27599397) transferred
the  ownership  of  this  Estonian  licensed  fund management company to Antanas
Anskaitis, Antanas Danys and Tomas Milashauskas.

This                  follows                  the                  announcement
(https://view.news.eu.nasdaq.com/view?id=1384483&lang=en)  of  21 August  2025,
where  Northern Horizon Capital AS (the Management Company) announced signing of
a  share purchase agreement with the  partners of the private investment company
Grinvest,                            and                            announcement
(https://view.news.eu.nasdaq.com/view?id=1397352&lang=en)  of  29 October 2025,
where  the  Management  Company  announced  that  the buyers received regulatory
approval for the transaction.

Christoffer  Abramson, Group  CEO of  Northern Horizon  A/S, commented:  'We are
delighted  that the sale  of shares has  now been completed.  The divestment now
allows  us  to  focus  all  our  attention  on  our  growing  healthcare  funds,
strengthening  Northern Horizon's position  as the leading  specialist in social
infrastructure  investments  in  the  Nordics.  We  are  confident in Grinvest's
ability  to unlock the future  potential of the Baltic  Horizon Fund given their
expertise  and track-record in  Baltic real estate.  With the transaction now in
place,  I would like to take this  opportunity to warmly thank the employees who
will  continue  to  service  the  Baltic  Horizon  Fund for their commitment and
dedicated efforts at Northern Horizon.'

'As  the largest unitholder and now  directing the management of Baltic Horizon,
we  acknowledge  our unique  responsibility to  all  stakeholders. Our immediate
focus   is   on  developing  a  strategy  intended  to enhance  the  operational
competitiveness of the fund's portfolio and strengthen its financial structure '
commented Antanas Anskaitis on behalf of the new owners. 'We are fully committed
to timely  and transparent  communication and to  acting in  the best collective
interests of all unitholders.'

In  connection  with  this  ownership  change,  the  following  changes  in  the
composition of management bodies as well as risk control and compliance function
are being implemented with immediate effect:

  * At closing, Lars Ohnemus, Nerijus Zebrauskas and Daiva Liubomirskien?
    resigned from the Supervisory Board of the Management Company.

  * The Supervisory Board of the Management Company will consist of Antanas
    Anskaitis, Antanas Danys and Tomas Milashauskas.
  * At closing, Aushra Stankevi?ien? and J?rat? Gaspari?nien? resigned from
    Management Board of the Management Company.
  * The Management Board of the Management Company will consist of Tarmo Karotam
    and Gerda Bliuvien?.
  * Antanas Anskaitis is resigning from the Supervisory Board of the Baltic
    Horizon Fund.
  * Piret Jõhvik is being appointed as Risk Control and Compliance Manager fully
    employed by the Management Company.

The Management Company has resolved to initiate a change of its business name to
Baltic  Horizon  Capital  AS,  subject  to  the  availability  of  the  name and
registration  with the Estonian Commercial  Register.The renewed management team
of  Baltic  Horizon  Fund  will  provide  further  communication  to  the market
regarding  its strategic outlook and priorities  following the release of the Q3
2025 results.

For additional information, please contact:

Christoffer Abramson

Group CEO of Northern Horizon A/S

E-mail: [email protected] (mailto:[email protected])

www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=gK38nfOk9b8M7ZhhIiJ_X3mLRh_0XjS3Z6i_
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Contact at Grinvest:

Antanas Anskaitis

Partner at Grinvest

E-mail: [email protected] (mailto:[email protected])

The Fund is a registered contractual public closed-end real estate fund that is
managed by Alternative Investment Fund Manager license holder Northern Horizon
Capital AS.

Grinvest  is a  private investment  firm with  interests in commercial property,
transportation and infrastructure.

Distribution: GlobeNewswire, Nasdaq Tallinn, www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=OMgeFOpl4ksReI8t3iKPRntmUpk_c_goLWG2
Dx8Q5XgRf78E-ialWMzGw2RErZG8gIOaDC1P05MGCcPbfKKnwunXsCx9w3Fe4Q69zjoYuR4=)

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projects,     plans     and     more,    register    on    www.baltichorizon.com
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(https://www.linkedin.com/company/baltic-horizon/),                     Facebook
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