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Intended Change in the Supervisory Board of LHV Group

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AS LHV Group announces that the Nomination Committee has made a proposal to the
Supervisory Board of AS LHV Group to nominate Christian Schröder as a candidate
of the new member of the Supervisory Board of LHV Group. The election is planned
to take place at the next Annual General Meeting of LHV Group. The appointment
would take effect based on the respective shareholder decision. Election to the
Supervisory Board will be subject to the approval of the European Central Bank
for compliance with the eligibility requirements. In accordance with the
Articles of Association, the proposed term would be up to three years.

Upon election to the Supervisory Board, it is planned to appoint Christian
Schröder as a member of the Risk and Capital Committee and the Audit Committee
of LHV Group. He will also become a member of the Board of Directors (Non-
Executive Director, NED) of LHV Bank Limited, the UK subsidiary of LHV Group, as
the executive management has approved his appointment for a three-year term.

Background of Christian Schröder

Christian Schröder has over 25 years of international experience in the
financial sector, with a strong background in banking management, working
with regulatory oversight and the strategic transformation of large
organisations. He spent a significant part of his career at Pictet Group, where
he held several senior leadership positions, including Chief Executive Officer
of Bank Pictet & Cie (Europe) AG in Germany. In this role, he was responsible
for managing an organisation with assets under management of up to EUR 250
billion and more than 650 employees across 13 international locations.

In addition to his executive responsibilities, Christian Schröder has been
actively involved in the work of supervisory boards of financial institutions.
He has served as Chairman of the Board of FundPartner Solutions (Europe) SA
and FundPartner Solutions (Suisse) SA, and since 2025 has been a member of the
Board and the Risk Committee of Bank Pictet & Cie (Europe) AG. He has extensive
experience in the implementation of European banking regulations and in
cooperation with supervisory authorities, including BaFin, FINMA and CSSF.

Christian Schröder holds a Master's degree in Communication Systems from École
Polytechnique Fédérale de Lausanne (EPFL) and has completed several executive
leadership and finance programmes at INSEAD, IMD Lausanne and the Swiss Banking
School.

As of the date of this announcement, Christian Schröder does not hold any shares
of LHV Group. No LHV Group shares are held by persons closely
associated with him.

Rain Lõhmus, Chairman of the Supervisory Board of LHV Group, commented:

?Christian Schröder is a strong addition to the Supervisory Board, bringing
extensive international experience in banking. His long-standing leadership
roles within Pictet Group, combined with deep expertise in European regulatory
environments and company transformation, will support LHV Group as we move into
the next stage of our journey. We believe his perspective and experience will
add significant value to the work of the Supervisory Board."

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 1,100 people. As at the
end of November, LHV Pank's banking services are being used by 489,000 clients,
the pension funds managed by LHV have 106,000 active clients, and LHV Kindlustus
protects a total of 230,000 clients. LHV Bank, 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 and retail banking services.


Investor Relations
Sten Hans Jakobsoo
Head of Investor Relations and Corporate Development
Email:[email protected]
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Communications
Paul Pihlak
Head of Communications
Email:[email protected]
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