Börsiteade

Pealkiri

Baltic Horizon Fund – Notice of New Extraordinary General Meeting

Teade

An  extraordinary General Meeting of Baltic Horizon Fund investors took place on
29 January 2019 in Stockholm, Sweden.

No investors registered as attending. Quorum was not reached, investors were not
able to adopt the proposed resolution, and so a new General Meeting is scheduled
with the same agenda.

The  new meeting will  be held on  19 February 2019 at 15:00 (CET, local Swedish
time) at Wallingatan 34, 111 24, Stockholm, Sweden. Registration for the meeting
will begin at 14:00 CET.

The  meeting is convened in  accordance with sections 8.3, 8.7, 10.3.1, 10.4 and
10.11 of  the Rules  of Baltic  Horizon Fund  and sections  47-1 and 55-9 of the
Investment Funds Act of Estonia.

The  total  number  of  units  and  votes  in  Baltic  Horizon  Fund  amounts to
78,752,800.

Agenda

 1. Resolution on the issuance of new units by way of private placement

Unit-holders  are invited to  send questions and  comments on the  agenda to the
Baltic        Horizon       fund       manager       at [email protected]
(https://www.globenewswire.com/Tracker?data=3TwCtGqNfHfh3Scd_IF1Qvsgm8LTW5CaIVI2
vL6x80fXoWdwp8-0bFtOhZCH5pcaIHEKiD7_VWxx9oO5BFXacCDDMX-x0rVdaU3hFIk9odg=) by 12
February  2019. Northern Horizon Capital AS will  respond to these 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 new General Meeting,
i.e. at the end of business of Nasdaq CSD SE on 8 February 2019, are entitled to
participate in the 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               12 February               to              [email protected]
(https://www.globenewswire.com/Tracker?data=lTdegjvBdtaNju6IB5S3swSRay6lfbpF66z5
gns1pWrNRoFDrLEGs_-ceOZgIDmURz96AXvhwjnSoEKVDASgxIPGFQtBBu0TPXzJsYrhi20=).
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.

Instructions  to holders of Baltic Horizon  Fund units registered with Euroclear
Sweden AB in Sweden

Notice  of  participation  should  be  sent  by 16:00 CET on 12 February 2019 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

Unit-holders  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 can be found at 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 be notarised  and accompanied by an
apostille. The apostille requirement applies, for example, to powers of attorney
issued and notarised in Sweden or Finland.

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 unit-holder is a legal person, documentation in
Estonian or English certifying the authority of the unit-holder's representative
or the signatory of the power of attorney will also be requested.

Data  collected  by  Northern  Horizon  Capital  AS from powers of attorney, the
unitholders  registry maintained by  Nasdaq CSD SE,  and the list  of holders of
units  registered in the Euroclear Sweden AB system will be used for the purpose
of registration and preparing the voting list for the meeting.

Northern Horizon Capital AS proposals on the agenda item

Northern  Horizon Capital AS proposes that the General Meeting resolves to issue
new Baltic Horizon Fund units under the following conditions:

 a. The new units are to be issued at a price corresponding to the weighted
    average price of Baltic Horizon Fund units on the Nasdaq Tallinn Stock
    Exchange during the 90 days preceding to (as applicable):

  * the date of concluding a subscription agreement with an investor; or
  * first day of the subscription period; or
  * the date of the subscription order.

 a. Proceeds from the issuance of new units will be used for new investments
    into real estate properties;
 b. The new units will be issued at once or on several occasions in 2019, as
    decided by Northern Horizon Capital AS, based on the funding needs for new
    acquisitions of real estate properties;
 c. The new units will be issued by way of private placement, i.e. no public
    offering will be made and no prospectus registered. The new units to be
    issued represent, over a period of 12 months, less than 20 % of the number
    of Baltic Horizon Fund units already admitted to trading.

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:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=PnhAWhLS5t8I_h_9Y6TvDc5yFmjZKzunx8dZ
XMFosm6rBeW70bUYVP2zRjxTe6Zow7JVirYD7jP8quf9wyRFcJ-T405sbLnZjC1H-_O1i44=)
www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=wU5drFVgpbnf0RYA7nC3a5NLY8ABY6z_LeUQ
PSZObGnJvLqPW0-6KFl7H1rJETw1Jpi1Jgl2LoFMzHDRopEPT2r7n4CDLosSYszSgf7Fvh0=)

Baltic  Horizon Fund is  a registered contractual  public closed-end real estate
fund  that  is  managed  by  Alternative  Investment Fund Manager license holder
Northern Horizon Capital AS.

Distribution:     GlobeNewswire,     Nasdaq     Tallinn,    Nasdaq    Stockholm,
www.baltichorizon.com (http://www.baltichorizon.com)

Attachments

  * Annex 1- poa.Investors-General-Meeting-template.2019-01-08 EST (https://ml-
    eu.globenewswire.com/Resource/Download/5fae6ada-3fe6-4dc1-a2cd-35824aa743d5)
  * Annex 1-poa.Investors-General-Meeting-template.2019-01-08 ENG (https://ml-
    eu.globenewswire.com/Resource/Download/297fe306-cb4e-4def-a140-3da035db7a4c)