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Increase of Share Capital in Connection with Realisation of the Staff Options Programme and the Results of the Subscription

Teade

The  Supervisory  Board  of  AS  LHV  Group  decided today to increase the share
capital  of the Company  by EUR 365,013. The  increase of the  share capital was
triggered  by the need to issue new shares to staff members participating in the
options  programme approved  with the  resolution of  the general meeting on 29
April  2015. A total of  69 former and current  employees of LHV participated in
the  issue of AS LHV  Group shares, subscribing a  total of 365,013 shares for a
total  of  EUR  1,697,310.45. The  share  issue  was thus subscribed 100% by the
option beneficiaries.

Decisions of the Supervisory Board of AS LHV Group (hereinafter the Company):

  * The Company's share capital will be increased by a maximum of EUR 365,013,
    i.e. from EUR 28,454,079 to EUR 28,819,092.
  * Within the framework of the increase of the share capital, the Company will
    issue 237,594 new ordinary shares with a nominal value of EUR 1 per share.
    The increase of the share capital and payment for the new shares will be
    carried out fully by way of monetary contribution. The shares will be issued
    with a share premium. The issue price is EUR 4.65 per share, with the
    nominal value of the share amounting to EUR 1 and the share premium to EUR
    3.65.
  * The increase of the share capital will not trigger any specification of the
    Company's ordinary shares, and will not grant any special rights. The shares
    to be issued within the framework of the increase of the share capital will
    grant the right to receive dividends from the date of registration of the
    increase of the share capital in the commercial register.
  * Pursuant to the resolution of the general meeting of 29 April 2015, which
    approved the Company's share options programme and its basic conditions, the
    CEOs and executive employees of the companies incorporated within the
    Company, as determined by the Company's Supervisory Board and with whom the
    Company has concluded the relevant option agreements (option beneficiaries),
    shall have the pre-emptive right to subscribe the Company's new shares.
  * The Company's shareholders, who are not intended to benefit from share
    options programme approved with the resolution of the Company's general
    meeting of 29 April 2015, shall not have any pre-emptive right to subscribe
    the Company's shares within the framework of the increase of the share
    capital.
  * The due date for exercising the pre-emptive right of subscription and the
    due date for subscribing shares was 8 April 2020. All of the option
    beneficiaries submitted their subscription notes in a timely manner and made
    payments for the subscribed shares.

With  the share issue  subscribed 100%, there is  no need to cancel unsubscribed
shares.

All  new shares  issued by  AS LHV  Group within  the framework  of the issue of
shares  will be listed on the Nasdaq Tallinn Stock Exchange on the day after the
day  when LHV has notified Nasdaq Tallinn  about the registration of increase of
share capital in commercial register.

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  over  450 people,  and  212,000 customers  use  LHV's banking services.
Pension funds managed by LHV have 177,000 active clients.


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