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Correction: LHV Group's May results 2018

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CORRECTION: The announcement contains the presentation file with correct May
data.

LHV's results in May were at record level, as AS LHV Group earned a consolidated
net profit of EUR 5.7 million. AS LHV Pank earned a net profit of EUR 2.1
million and AS LHV Varahaldus EUR 0.7 million.

Comments by Madis Toomsalu, CEO of LHV Group: "Our May results were
characterised by high inflow and activity of customers and increase in loan
volume. The number of banking customers rose by 2,300, which is the highest pace
of last two years. Customers also actively opened new brokerage accounts. The
EUR 10 million increase in consolidated loan portfolio (without Mokilizingas'
loans) was mainly derived from the growth of corporate loans and retail lending.
Most important loan portfolios are all growing, reaching record high levels by
the end of May. Deposits grew by EUR 213 million, out of which EUR 50 million
were deposits of financial intermediaries. The high level of deposit growth was
due to a couple of customers increasing their balances because of financial
transactions. Record activity was reached in acquiring card payments as well as
in the usage of bank cards and mobile bank app.

The results were extraordinarily influenced by the income from the sale of
Mokilizingas and the revenue of institutional brokerage advisory services, the
results were also affected by special provisions in the amount of EUR 0.9
million. Despite one customer under more thorough surveillance, the loan
portfolio remains strong and we are making an effort to find a solution
regarding the mentioned customer. Despite the provisions, the May profit
exceeded our expectations and reached EUR 5.7 million. We are ahead of the
financial plan by EUR 0.5 million."

Reports of AS LHV Group are available at https://investor.lhv.ee/en/reports
(https://www.globenewswire.com/Tracker?data=s2-
3nozIda6Jw6bDuVxWjgHdOWU8U8712RcdihZ5uLVEi-
d56cgjqL_blv0D5yiBdaSgzwJbQpy46gn16udMCa9ewj44ppNren7tzmNsa7fDGFF6IJKO1mD8n0RxhG
4U).

LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are AS LHV Pank and AS LHV Varahaldus. LHV
employs about 380 people and over 143,000 customers use LHV's banking services.
Pension funds managed by LHV have over 178,000 active customers.


         Priit Rum
         Communication Manager
         Phone: +372 502 0786
         Email: [email protected]

Attachment

  * LHVGroup 2018-05 Investoritele EN (https://prlibrary-
    eu.nasdaq.com/Resource/Download/12a06924-244f-46ec-b034-2b9d7ee2cc64)