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Coop Pank completes first synthetic securitisation with EIB Group

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Coop  Pank AS ("Coop") has yesterday,  15(th) of December 2025, entered into its
first synthetic securitisation transaction with the EIB Group, consisting of the
European Investment Fund ("EIF") and the European Investment Bank ("EIB"), aimed
at  supporting new lending to  small and medium sized  companies in Estonia with
special focus on gender equality and environmental sustainability.

Under  this transaction, EIF will  guarantee the portfolio in  the amount of EUR
200 million  of loans and leases (issued by Coop Pank AS and its subsidiary Coop
Liising  AS). The financial guarantee in the amount of EUR 197 million issued by
the  EIF provides protection  on the senior  tranche (worth EUR 171 million) and
mezzanine tranche (worth EUR 26 million) of the securitised portfolio. The EIF's
mezzanine  tranche exposure as well as part of the EIF's senior tranche exposure
is  in turn  counter-guaranteed by  the EIB.  The junior  (i.e. the  first loss)
tranche amounts to around EUR 3 million and is fully retained by Coop.

Thanks  to this  synthetic securitisation  transaction Coop  will benefit from a
capital relief which will enable Coop group, as part of its commitment under the
transaction documents, to issue EUR 249 million of new loans and leases to small
and  medium-sized enterprises (SMEs) and Mid-Caps during period until the end of
2028.

Under  this synthetic securitisation transaction the agreements will support new
lending  to Estonian SMEs and Mid-Caps, of which at least EUR 49 million will be
allocated  to projects fostering gender equality in Estonia and at least EUR 17
million  will be allocated to projects  aligned with criteria for climate action
and  environmental sustainability, highlighting the  commitment of Coop Pank and
the EIB Group to support the transition to a low-carbon economy.

Comment by Paavo Truu, Member of the Management Board and CFO of Coop Pank:

"This transaction - a synthetic securitisation - marks a significant milestone
for Coop Pank, enabling the bank to provide more affordable financing to
Estonian companies through an innovative financial instrument. Together with the
European Investment Bank and the European Investment Fund, we have laid a strong
foundation for the sustainable growth of Estonian businesses.

As a result of this cooperation, Coop Pank will be able to offer up to EUR249
million in new financing to small and medium-sized enterprises (SMEs) in
Estonia, helping to further support and strengthen life and business across all
regions of the country. A portion of the new loans will be directed towards
promoting gender equality and environmental sustainability, in line with the
objectives of the financing agreement and Coop Pank's core values"

Comment by Karl Nehammer, EIB Vice-President:

"This  milestone  agreement  with  Coop  Pank  shows  how  innovative  financial
instruments  can  unlock  substantial  funding  for  SMEs while advancing gender
equality  and sustainability goals. Together, we are helping Estonian businesses
grow and supporting the transition to a greener, more inclusive economy."

Comment by Marjut Falkstedt, EIF Chief Executive:

"This transaction strengthens the local banking sector, injects new funding into
the Estonian economy and supports projects that matter for society - from gender
equality to climate action. It is a great example of how the EIF and the EIB can
leverage innovative structures to deliver impact."

Background information

Coop  Pank AS,  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  has reached 225,800. 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  bank's strategic owner is Coop
Eesti, a domestic retail chain with a network of 320 stores across the country.

The  EIB is an institution  of the European  Union providing long-term financing
for  sound  projects  that  pursue  the  bloc's  shared  priorities.  The  EIB's
shareholders  are  the  27 member  states.  Its  involvement  increases economic
competitiveness,  spurs innovation,  promotes sustainable  development, enhances
social  and territorial  cohesion, and  supports a  swift and fair transition to
climate neutrality.

The  EIF is part of the EIB Group. It supports Europe's micro, small and medium-
sized  enterprises by improving their access to  finance through a wide range of
selected   financial  intermediaries,  such  as  banks,  guarantee  and  leasing
companies,  micro-credit  providers  and  private  equity  funds.  The  EIF  was
established  in  1994 and  is  active  in  all  EU countries, prospective member
countries,  Liechtenstein and Norway. The majority shareholder of EIF is EIB and
other  shareholders  include  the  European  Commission  and a range of European
financial institutions.

Additional information:
Paavo Truu
CFO
Phone: +372 5160 231
E-mail: [email protected]
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