Börsiteade

Pealkiri

Baltic Horizon Fund secondary public offering of units

Teade

Northern Horizon Capital AS (the Management Company) as the management company
of Baltic Horizon Fund (the Fund) announces the offering of 37,131,000 new
units of the Fund. The number of new Fund units may increase further by
22,279,000, i.e. up to 59,410,000 (the Offer Units) in case the Management
Company decides to use the Upsizing Option. Secondary public offering consists
of units to be listed on NASDAQ Tallinn and units to be listed on NASDAQ
Stockholm. Public offering consists of offering to retail investors in Estonia,
Sweden, Finland and Denmark (after obtaining a respective licence) and of
offering to institutional investors. 

The offering of Offer Units is based on prospectus for public offering and
listing of units, registered by the Financial Supervision Authority on 7.
November 2016, together with its summaries in the Estonian, Finnish, Swedish
and Danish languages that are electronically available on the website of the
Fund www.baltichorizon.com. An investor may ask the Management Company to send
the prospectus together with its summary electronically to e-mail address as
indicated by sending an e-mail to [email protected] and also delivery of the
hard copy of the prospectus and its summary at the location of the Management
Company, at Tartu road 2, 10145, Tallinn by sending an e-mail to
[email protected]. 

Offer Units can be subscribed for in accordance with the following terms:

1.     The subscription period, during which it is possible to subscribe for
Offer Units, commences at 08:00 on 8. November 2016 and ends at 11:00 on 30
November 2016 (Estonian time). 

2.     In order to subscribe for Offer Units, an investor should contact either
Swedbank AB, LHV Pank AS or Catella Bank S.A and register a transaction
instruction for the purchase of securities in the form as set out by the either
Swedbank AB, LHV Pank AS or Catella Bank S.A respectively. Retail investor
wishing to subscribe for units in Estonia should contact a custodian that
operates such investors’ securities account at the Estonian Central Registry of
Securities. Retail investor wishing to subscribe for units in Sweden is
requested to follow the procedure described in the prospectus. 

3.     Offer Units will be listed on NASDAQ Stockholm on or about 8. December
2016. 

4.     Offer Price will be equal to the NAV of the unit of the Fund as at 31
October 2016. The Offer Price will be disclosed on the website of the Fund
referred above latest on 15. November 2016. The Offer Price will not exceed
1,37 euros per unit. 

5.     The Fund has one class of units and the Offer Units are from the same
class. 

KEY DATES

·        on 8. November 2016 the subscription period commences;

·        on 15. November 2016 the latest the Offer Price will be published on
Fund’s website; 

·        on 30. November the subscription period ends;

·        on 1. December 2016 the latest the Management Company will decide on
the allocation of Offer Units; 

·        on or about 5. December 2016 the allocated units will be transferred
to the securities accounts of the investors; 

·        on or about 8. December 2016 part of the Offer Units will be admitted
to trading on NASDAQ Stockholm. 

Baltic Horizon Fund is a registered public closed-end real estate fund and
Baltic Horizon units began trading on the Nasdaq Baltic Fund list of July 6,
2016. The company's stock symbol (ticker) is NHCBHFFT, after listing on NASDAQ
Stockholm the Fund will receive a ticker NHCBHFFS. 

The fund is managed by Northern Horizon Capital AS under an Alternative
Investment Fund Manager license granted by the Estonian Financial Supervision
Authority. 

Additional information:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
www.baltichorizon.com