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Baltic Horizon Fund General Meeting – notice to investors

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Baltic Horizon Capital AS (hereinafter the "Fund Manager") invites Baltic
Horizon Fund unit-holders (hereinafter the "Investors") to attend an annual
General Meeting (hereinafter the "General Meeting") of Baltic Horizon Fund on 1
June 2026 at 14:00 (local Estonian time). The meeting will take place at
Metropol Spa Hotel, Roseni 9, 3rd floor, 10111 Tallinn, Estonia, Conference Room
4. Registration for the meeting will start at 13:30. The General Meeting will be
held in English.

The meeting is convened in accordance with sections 10.3.3, 10.5, 10.6 and 11.2
of the Rules of Baltic Horizon Fund and section 47 (1) of the Investment Funds
Act of Estonia.

Investors may also join the webinar to view the General Meeting online on 1 June
2026 at 14:00. Investors are invited to issue a power of attorney with
instructions for voting to exercise their rights as an Investor. We propose that
the investors consider designating fund manager Edvinas Karbauskas as their
authorized representative (please see instructions below and templates at Annex
1).

To join the webinar, please register via the following
link: https://zoom.us/webinar/register/WN_e9LgnPh8TGKgi_ttAOAFcA#/registration

You will be provided with the webinar link and instructions how to join
successfully. The webinar will be recorded and available online for everyone at
the company's website on www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=QmtC0Wg1KWy0jJwYn8uNftrJLvhz9Vk90WJb
NejM9g9JxuHHzWvNOWuKI8rVF-hWFo4zEK0Ql_bSpp6YUBErX_HRrp1b-WwMFwBjrQflXnQ=).

The total number of units and votes in Baltic Horizon Fund amounts to
226,576,150.

Agenda

 1. Presentation of the FY2025 audited annual report of Baltic Horizon Fund, as
    well as interim reports of Q1 2026.
 2. Overview of the plans for 2026 Q2 and Q3.
 3. Decision to elect Mr. Priit Perens as a new member of the supervisory board
    of Baltic Horizon Fund as of 1 June 2026 for a period of two years.
 4. Decision to pay remuneration to the newly elected supervisory board member,
    Mr. Priit Perens, for fulfilling obligations of a member of the supervisory
    board in the amount of EUR 11,000 per calendar year.
 5. Decision to extend the mandates of all current members of the Fund's
    Supervisory Board until 1 June 2028.

Investors are invited to send questions and comments on the agenda to the Baltic
Horizon fund manager at [email protected]
(mailto:[email protected]) by 25 May 2026 by 16:00 EET.
Baltic Horizon Capital AS will respond to the questions and comments at the
meeting itself.

Participation - requirements and notice

Investors  who are entered  in the Baltic  Horizon Fund registry of unit-holders
maintained  by Nasdaq CSD  SE ten days  before the date  of the General Meeting,
i.e.  at the end  of business of  Nasdaq CSD SE  on 22 May 2026, are entitled to
participate in the meeting.

IMPORTANT  REQUIREMENT: Investors whose  units are registered  through a bank or
another  nominee account  provider must  contact their  bank or  nominee account
provider  by 22 May 2026 to  ensure that their  voting instructions or powers of
representation  are  duly  formalized  and  taken  into  account  at the general
meeting.

In  order  to  facilitate  the  registration  process, investors whose units are
registered  in their own name are invited  to provide notice of their attendance
by           16:00 EET           25 May           2026 to [email protected]
(mailto:[email protected]).    Notice   should   include   name,   personal
identification number (or the registration number of the legal person), address,
number   of   units   represented   and,   if   applicable   attendance  of  any
representatives,  along with the name and  personal identification number of the
representatives.  The attendance of a representative  does not deprive the unit-
holder of the right to participate at the meeting.

Representation under a power of attorney

Investors  whose  representatives  are  acting  under  a  power  of attorney are
requested  to  prepare  a  written  power  of attorney for the representative in
Estonian or English (templates are available in Annex 1).

A    copy    of    the    executed    power   of   attorney   should   be   sent
to [email protected]   (mailto:[email protected]) together   with  the
notice  of participation.  In case  the power  of attorney  is issued by a legal
person,  a  certified  copy  of  the  registration  certificate  (or  equivalent
certificate  of authority) shall also be submitted together with, as applicable,
the  documents certifying the authority of  the representative in case the power
of attorney is signed by a person under a power of attorney.

Baltic  Horizon Fund  is registered  in Estonia,  which means  that any power of
attorney  (or  any  certified  copy  of  the registration certificate of a legal
person)   issued  in  a  foreign  country  should  generally  be  notarised  and
accompanied  by an apostille. The apostille requirement applies, for example, to
powers  of attorney issued and notarised in  Sweden or Finland. However, where a
proxy   is  signed  with  a  verifiable  qualified  electronic  signature,  that
electronic  signature is accepted, and in  that case, notarisation and apostille
are not required.

Instructions for the day of the General Meeting

We  kindly ask  Investors to  bring a  personal identification document, and for
their  representatives also to present the original written power of attorney in
English  or Estonian. In case  the Investor is a  legal person, documentation in
Estonian or English certifying the authority of the Investor's representative or
the signatory of the power of attorney will also be requested.

Data collected by the Fund Manager from powers of attorney, and the unit-holders
registry  maintained  by  Nasdaq  CSD  SE  will  be  used  for  the  purpose  of
registration and preparing the voting list for the meeting.

1. Decision to elect Mr. Priit Perens as a new Member of the Supervisory Board
of Baltic Horizon Fund as of 1 June 2026 for a period of two years.

According  to section 11.2 of the  Rules of Baltic Horizon  Fund, the members of
the  supervisory board shall be appointed at the general meeting for a period of
at least two years. The proposal is to elect Priit Perens as a new member of the
supervisory board.

Priit Perens is a senior banking and corporate executive with over 30 years of
leadership experience across the Baltic financial, energy, and healthcare
sectors. He currently serves as CEO of Tartu University Hospital and as Chairman
of the Supervisory Board of Tallinna Sadam. Mr. Perens previously held multiple
senior roles within Swedbank, including Head of Baltic Banking and CEO of
Swedbank Estonia, and was a member of the Group Executive Management. His
earlier career includes senior finance and treasury positions at Eesti Energia
and other leading banking institutions in Estonia. Mr. Perens has also
contributed extensively to public and supervisory roles, including positions at
the Estonian Health Insurance Fund and the Estonian Employers Confederation. He
holds a Master's degree in Economics from the University of Tartu and has
completed executive education at INSEAD and the Helsinki  School of Economics.

Priit Perens does not hold any units of the Baltic Horizon Fund.

2. Decision on remuneration of Supervisory Board member.

Pursuant  to section 11.11 of the  Rules of Baltic Horizon  Fund, members of the
Supervisory  Board are entitled to remuneration for their service, the amount of
which is determined by the general meeting.

The  general meeting  has previously  resolved, on  March 27 2025, to remunerate
each  supervisory  board  member  (except  the  chairman,  who  has  a  separate
remuneration amount) in the amount of EUR 11,000 per calendar year.

It  is proposed  that the  remuneration of  the newly  elected supervisory board
member,  Mr. Priit Perens, shall be EUR 11,000 per calendar year, i.e., equal to
the  remuneration determined for supervisory board members by the aforementioned
resolution.

3. Resolution  on the extension  of the mandates  of all current  members of the
Fund's Supervisory Board until 1 June 2028.

According  to section 11.2 of the  Rules of Baltic Horizon  Fund, the members of
the  Supervisory Board shall be appointed by the General Meeting for a period of
at least two years.

The  newly elected member of  the Supervisory Board is  proposed to be appointed
for  a term of two years. The  mandates of the current Supervisory Board members
commenced  on 1 May 2025 and,  under their current  terms, would expire on 1 May
2027.

To  align the expiry dates of the  mandates of all Supervisory Board members and
ensure that the mandates of the full Supervisory Board end simultaneously, it is
proposed  to extend the mandates of  the current Supervisory Board members until
1 June 2028.

The  remuneration previously  resolved by  the General  Meeting for  the current
Supervisory  Board members  shall remain  unchanged during  the extended mandate
period.

Annex 1:

Form  of power of attorney  to appoint a representative  for the general meeting
(in Estonian)

Form  of power of attorney  to appoint a representative  for the general meeting
(in English)


For additional information, please contact:

Edvinas Karbauskas
Baltic Horizon Fund manager
E-mail [email protected]
(mailto:[email protected])
www.baltichorizon.com
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Baltic Horizon Fund is a registered contractual public closed-end real estate
fund managed by Alternative Investment Fund Manager license holder Baltic
Horizon Capital AS.

Distribution: GlobeNewswire, Nasdaq Tallinn, www.baltichorizon.com
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To  receive Nasdaq  announcements and  news from  Baltic Horizon  Fund about its
projects,      plans     and     more,     register     on www.baltichorizon.com
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