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Baltic Horizon Fund results of the secondary public offering

Teade

Secondary public offering of Baltic Horizon Fund (the Fund) units ended on 30
November 2016 13:00 (EET). In total, 15 285 593 units were subscribed (the New
Units) that corresponds to gross amount of 20,568,294 EUR. 

Northern Horizon Capital AS (the Management Company) as the management company
of the Fund has decided to allocate each investor all units they subscribed
for. The Management Company has decided not to use the Upsizing Option. 

As a result of the offering of the New Units, the total number of Fund units
will be increased by 15 285 593 units and after the New Units have been
registered with the Estonian Central Register of Securities, the new total
number of Fund units is 57 264 743. 

Tarmo Karotam, the Fund’s manager: “We are satisfied with the result of the
secondary public offering of the fund this year and are especially pleased to
have more than 4000 new investors show trust in the Baltic Horizon investment
case. As the investor base is now well diversified across the Baltic sea region
we also believe that this development considerably enhances the fund‘s
liquidity on the stock exchange. With several attractive investments on the
horizon, the fund management team is aiming to deploy the newly raised capital
within a short period of time.” 

Martin Malhotra, Catella Corporate Finance AB: „In this public offering, Baltic
Horizon targeted a wide regional investor base and sought to increase the
number of unitholders. The uncertainty created after the US election did impact
the issue especially in Scandinavia. Nevertheless a large number of new
investors did participate and many old investors did subscribe for additional
units. We now very much look forward to seeing Baltic Horizon become the first
to list on the Alternative Investment Funds market on Nasdaq Stockholm.“ 

Nasdaq Stockholm has on 30 November 2016 approved the Management Company’s
application to list the Fund’s units also on Nasdaq Stockholm in the
Alternative Investment Funds market. 

KEY DATES

·        On or about 1 December 2016 New Units will be registered at the
Estonian Central Register of Securities; 

·        On or about 5 December 2016 December 2016 New Units will be delivered
to the accounts indicated by investors in their purchase orders against
payment; 

·        On or about 5 December 2016 is the first trading day on Nasdaq Tallinn;

·        On or about 8 December 2016 is first trading day 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 of 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