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Resolutions of the Special General Meeting of AS LHV Group

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The special general meeting of shareholders of AS LHV Group, held today in
Hilton Tallinn Park Hotel "Ballroom I" hall (Fr. R. Kreutzwaldi St 23), decided
to increase the share capital of AS LHV Group.

A total of 126 shareholders participated and were represented at the meeting,
with their corresponding shares representing a total of 17,515,569 votes. This
means 66,72% of the votes determined by shares were represented at the meeting.

The notice on calling the special general meeting was published in the stock
exchange information system and on LHV website on 30 July 2019. On the same
date, the notice was printed in the Eesti Päevaleht daily newspaper.


 1. Overview of economic performance for the first seven months of 2019

The management provided the shareholders with an overview on the economic
results for the first seven months of 2019, that have been disclosed:

  * January results
    (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=87452
    8&messageId=1100578)
  * February results
    (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=87902
    6&messageId=1106378)
  * Interim report of 1st quarter
    (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=88508
    7&messageId=1114032)
  * April results
    (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=88912
    6&messageId=1119152)
  * May results
    (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=89345
    4&messageId=1124812)
  * Interim report of 2nd quarter
    (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=89701
    2&messageId=1129418)
  * July results
    (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=89929
    1&messageId=1132474)

 1. Overview of the long-term financial forecast

The management provided the shareholders with an overview on the Group's
adjusted long-term financial forecast
(https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=897910&me
ssageId=1130566).

The special general meeting of the shareholders of AS LHV Group resolved:

 1. Increase of the share capital

The general meeting unanimously resolved to increase share capital of the Group
by EUR 2,200,000 through the issuing of new ordinary shares under the following
terms and conditions:

    i. to issue 2,200,000 ordinary shares with a nominal value of EUR 1, as a
       result of which the new amount of share capital will be EUR 28,454,079;
   ii. the shares will be issued with a share premium. The nominal value must be
       paid for each share, which is EUR 1, and the lower limit of the share
       premium is EUR 10.50, with it being possible for the Supervisory Board to
       assign a higher share premium by the start of share subscription, at the
       latest;
  iii. The shareholders of the Group have the right of pre-emption for new
       shares for a period of two weeks as of the start of the subscription
       period for shares. A circle of individuals (shareholders) entitled to use
       the right of pre-emption shall be determined as at the close of business
       for the Nasdaq CSD securities settlement system on 4 September 2019;
   iv. The Group's shareholders, who have been entered in the list of
       shareholders as at the fixed day, shall each be granted 1 (one) right of
       pre-emption for every existing 12 shares. The subscription to each new
       share requires 1 (one) right of pre-emption. If the number of shares in
       the possession of the shareholder does not grant them the right to
       subscribe to a whole number of shares, the number of subscribed shares
       shall be rounded to the nearest mathematical whole number, whereas
       fractions under one shall be rounded to one;
    v. the trading period for rights of subscription for shares - 11 September
       2019 until 23 September 2019, whereas the terms and conditions for
       trading with rights of subscription for shares are set forth in the
       public offer prospectus and listing particulars published prior to the
       start of the tender (Prospectus);
   vi. new shares shall be distributed exclusively amongst individuals holding
       subscription rights as at the close of business for the Nasdaq CSD
       securities settlement system on 25 September 2019;
  vii. subscription and payment for new shares shall take place in accordance
       with the procedure set forth in the Prospectus during the period 11
       September 2019 - 25 September 2019;
 viii. new shares shall be distributed in accordance with their subscription
       orders, but not more than the corresponding individual's pre-emptive
       right to subscribe to shares. In the case of an amount that exceeds the
       quantity indicated, the shares shall be divided in proportion to the pre-
       emptive rights belonging to subscribers (but not in excess of the number
       of shares subscribed for by the corresponding individual);
   ix. if it appears that share subscription exceeds the number of shares being
       offered under the current decision, then the number of shares subscribed
       for shall be divided proportionally between subscribers based on the pre-
       emptive rights belonging to the subscribers. In the event that the
       subscribed shares are not divided exactly between subscribers, the
       Group's Supervisory Board shall make the final decision on the division
       of subscribed shares between subscribers. The Group's Supervisory Board
       decides on the cancellation of oversubscribed shares. In the event that
       all of the new shares have not been fully subscribed by the term
       specified in the decision, the Group's Management Board shall have the
       right to extend the subscription period or cancel any shares that have
       not been subscribed for during the subscription period. The specific
       rules governing the allocation of new shares are prescribed in the
       Prospectus;
    x. newly issued shares will provide the right to a dividend starting in the
       2019 financial year.

The minutes of the General Meeting shall be published not later than within 7
(seven) days from the date of the General Meeting on the website of AS LHV Group
https://investor.lhv.ee/.

LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV
employs more than 420 people, and more than 182,000 customers use LHV's banking
services. Pension funds managed by LHV have more than 177,000 active clients.


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