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Notice on Public Offering of Subordinated Bonds of AS Inbank

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ANNOUNCEMENT
3 December 2019
Inbank AS

Notice on Public Offering of Subordinated Bonds of AS Inbank

AS  Inbank   (registry  code  12001988, registered  address Niine tn 11, Tallinn
10414, Estonia; hereinafter Inbank) hereby announces a public offering of Inbank
subordinated bonds.

"We are conducting our next issue of bonds on the Nasdaq Tallinn Stock Exchange,
 Baltic  Bond  List  in  order  to  expand  Inbank's  investor base and bring an
attractive investment opportunity to the Estonian market. The funds will be used
to  support  Inbank's  growth  and  expansion  in  foreign  markets," said Priit
Põldoja, Chairman of the Supervisory Board of Inbank.

Public Offering of Subordinated Bonds

Inbank  offers  publicly  6,500 subordinated  bonds  "Inbank  subordinated  bond
19.12.2029" with  the nominal value of EUR 1,000, interest rate offered of 6.0%
per  annum  and  maturity  date  of  19 December  2029. Inbank  has the right to
increase the offering volume until issue date by EUR 1.5 million and issue up to
1,500 additional subordinated bonds as a result of which the total number of the
bonds  offered in the course  of the public offering  may be up to 8,000 and the
total  volume of the offering may rise  to EUR 8 million. The public offering is
carried out only in Estonia.

The  offering is conducted on the basis of the base prospectus registered by the
Financial  Supervision Authority on 2 December 2019, which as at the day of this
notice  has  been  published  on  the  websites  of  Inbank  and  the  Financial
Supervision  Authority  together  with  any  possible  annexes  (hereinafter the
Prospectus).

Subordinated  bond represents an unsecured debt  obligation of Inbank before the
investor.  The subordination  of the  bonds means  that upon  the liquidation or
bankruptcy  of Inbank, all claims arising from the subordinated bonds shall fall
due   and   shall   be  satisfied  only  after  the  full  satisfaction  of  all
unsubordinated recognised claims in accordance with the applicable law.

Subordinated   bonds  will  be  issued  in  a  dematerialised  book-entry  form.
Subordinated   bonds   will   be  registered  in  Nasdaq  CSD  under  ISIN  code
EE3300001544.

Subordinated bonds will be offered at a price of EUR 1,000 per one bond.

Timetable of the Subordinated Bond Issue

03 December 2019 at 10:00
Start of the subscription period for the subordinated bonds

13 December 2019 at 16:00
End of the subscription period for the subordinated bonds

On or about 17 December 2019
Disclosing the allocation results of the subordinated bonds

On or about 19 December 2019
Transfer of the subordinated bonds to investors' securities accounts

On or about 20 December 2019
Expected  listing  of  the  subordinated  bonds  and admission to trading on the
Baltic Bond List of the Nasdaq Tallinn Stock Exchange.

In  order to  subscribe for  the subordinated  bonds, an  investor has to submit
during  the  subscription  period  to  the  custodian  who  holds the investor's
securities account opened at Nasdaq CSD a subscription undertaking, which has to
contain the following data:

+---------------------------------------+--------------------------------------+
|Owner of the securities account:       |Name of the investor who submitted the|
|                                       |subscription undertaking              |
+---------------------------------------+--------------------------------------+
|                                       |Number  of  the  investor's securities|
|Securities account:                    |account                               |
+---------------------------------------+--------------------------------------+
|Custodian:                             |Name of the investor's custodian      |
+---------------------------------------+--------------------------------------+
|Security:                              |Inbank subordinated bond 19.12.2029   |
+---------------------------------------+--------------------------------------+
|ISIN code:                             |EE3300001544                          |
+---------------------------------------+--------------------------------------+
|                                       |The nominal value of Bonds for which  |
|                                       |the investor wishes to subscribe (the |
|                                       |number of Bonds multiplied by the     |
|Amount of securities:                  |Offer Price)                          |
+---------------------------------------+--------------------------------------+
|Price (per bond):                      |EUR 1,000                             |
+---------------------------------------+--------------------------------------+
|                                       |The number of Bonds for which the     |
|                                       |investor wishes to subscribe          |
|Transaction amount:                    |multiplied by the Offer Price         |
+---------------------------------------+--------------------------------------+
|Counterparty:                          |AS Inbank                             |
+---------------------------------------+--------------------------------------+
|Securities account of counterparty:    |99102014361                           |
+---------------------------------------+--------------------------------------+
|Custodian of the counterparty:         |AS LHV Pank                           |
+---------------------------------------+--------------------------------------+
|                                       |The   date   when   the   Subscription|
|Value  date  of  the transaction (trade|Undertaking   was   submitted  by  the|
|date):                                 |investor                              |
+---------------------------------------+--------------------------------------+
|Value date of the transaction:         |19 December 2019                      |
+---------------------------------------+--------------------------------------+
|Type of transaction:                   |"purchase"                            |
+---------------------------------------+--------------------------------------+
|Type of settlement:                    |"delivery versus payment"             |
+---------------------------------------+--------------------------------------+

Availability of Prospectus and Final Terms of the Offering

Inbank  Prospectus and its  supplement together with  a summary in Estonian have
been  published and can  be obtained in  electronic format from Inbank's website
www.inbank.ee/investor/offering/  (http://www.inbank.ee/investor/offering/)  and
from   the   website   of   the   Financial   Supervision   Authority  www.fi.ee
(http://www.fi.ee).  Additionally, the Prospectus and the supplement thereto are
available  through the information system of  Nasdaq Tallinn Stock Exchange. The
terms  and  conditions  of  Inbank's  subordinated  bonds  can  be  obtained  in
electronic   format   from   Inbank's  website  www.inbank.ee/investor/offering/
(http://www.inbank.ee/investor/offering/).

Before  investing into Inbank's subordinated bonds we kindly ask you to acquaint
yourself  with  the  Prospectus,  its  annexes,  the terms and conditions of the
offering and the investor presentation as a whole.

Inbank  is a  consumer finance  focused digital  bank active  in the Baltics and
Poland   with   additional   deposits  accepted  in  Germany,  Austria  and  the
Netherlands. Inbank has over 1,750 active partners and 550,000 active contracts.
Inbank bonds are listed on the Nasdaq Baltic Stock Exchange.

Additional information:

Kärri Brewster-Palts
Inbank AS
Head of Group Marketing
[email protected] (mailto:[email protected])
+372 5565 5500