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Baltic Horizon Fund plans public offering of new units

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NOT  FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN  WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY,  IN OR INTO THE UNITED  STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN,
NEW  ZEALAND, SINGAPORE,  SOUTH AFRICA  OR SUCH  OTHER COUNTRIES OR OTHERWISE IN
SUCH CIRCUMSTANCES IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Northern  Horizon Capital AS announces the plan  for the next public offering of
new units of Baltic Horizon Fund during autumn 2020.

The  issuer is considering to  aim the offering at  retail investors in Estonia,
Lithuania,  Sweden, Finland and Denmark  and institutional investors in selected
European  countries. The new units are to  be issued at a price corresponding to
the  year-to-date weighted  average price  of Baltic  Horizon Fund  units on the
Nasdaq  Tallinn Stock Exchange  until a date  preceding 7 calendar days to first
day  of the  subscription period,  as decided  at the  general meeting  of unit-
holders  on 9 June 2020. The target  is to raise up  to EUR 20 million to Baltic
Horizon  Fund with  an option  to increase  the offering  to EUR 40 million. New
units are intended to be listed on the Nasdaq Tallinn and Nasdaq Stockholm Stock
Exchanges.  The proceeds of the offering will be used to fund the development of
existing properties and to acquire new real estate investments.

Northern  Horizon  Capital  AS  has  submitted  an application to register a new
public  offering and listing prospectus  with the Estonian Financial Supervision
Authority.   The   details   of  the  offering,  including  the  final  list  of
jurisdictions  where the  offering will  be available  for retail investors, the
subscription  period  and  the  terms  of  subscription  will  be disclosed upon
registration of the prospectus.

For additional information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=3SY5wmvEyDU5aWahpQedlhCOpj79Tz2KmkOw
Iq9f2K9AyY5GasYwZs5J-PhpW383zy1vkGyS0LCMfImuD5x5XbH95nAQQRv5vcrMFjn44jw=)

(https://www.globenewswire.com/Tracker?data=iLs9TYGnMlZhrZLOrGggC15sFczbbaWyVEaH
V1jTRboZiutXl4FgoJxr_9rvcdVATIrkBElEHX2-bN3IO5y6Zg==)www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=cZAKnbmA1vfQ_J7jZFpqnmg0RTrp86wqeC15
aHzFs3YTzfLlVgziHg7Yi3vUZHvdws33Adh6vKRgSA6WnOsbbl2WSZILQnHjpiPXNGdQHwY=)

Baltic Horizon Fund is a registered contractual public closed-end real estate
fund managed by Alternative Investment Fund Manager license holder Northern
Horizon Capital AS.
Distribution: Nasdaq Tallinn, Nasdaq Stockholm, GlobeNewswire,
www.baltichorizon.com

This  announcement  contains  information  that  Northern  Horizon Capital AS is
obliged  to disclose pursuant to the EU Market Abuse Regulation. The information
was  submitted for publication, through the agency of the above distributors, at
15:00 EET on 28 August 2020.

The  information contained herein  does not constitute  an offer to  sell or the
solicitation  of an offer to buy, nor shall there be any sale of, the securities
in  any jurisdiction in which such offer, solicitation or sale would be unlawful
prior  to registration, exemption  from registration or  qualification under the
securities  laws of any  such jurisdiction. The  information contained herein is
not  for release, publication or distribution, in  whole or in part, directly or
indirectly,  in or into the United  States, Australia, Canada, Hong Kong, Japan,
New  Zealand, Singapore,  South Africa  or such  other countries or otherwise in
such  circumstances in which  the release, publication  or distribution would be
unlawful.
This  communication does not constitute  an offer of securities  for sale in the
United States. The securities have not been and will not be registered under the
U.S.  Securities Act  of 1933, as  amended (the  "Securities Act")  or under the
applicable  securities laws  of any  state of  the United  States and may not be
offered  or sold, directly or indirectly, within the United States or to, or for
the  account  or  benefit  of,  U.S.  persons  except  pursuant to an applicable
exemption   from,   or  in  a  transaction  not  subject  to,  the  registration
requirements of the Securities Act.
This  communication does not constitute an offer  of securities to the public in
the  United Kingdom. No  prospectus has been  or will be  approved in the United
Kingdom  in  respect  of  the  securities.  Consequently,  this communication is
directed  only at (i) persons having professional experience in matters relating
to  investments  falling  within  the  definition  of "investment professionals"
falling  within Article  19(5) of UK  Financial Services  and Markets  Act 2000
(Financial  Promotion) Order 2005 (the Order); or  (ii) persons who are high net
worth  and others as described in Article 49(2)(a) to (d) of the Order; or (iii)
persons  to whom  distributions may  otherwise lawfully  be made or otherwise in
circumstances  which do  not require  publication by  the issuer of a prospectus
pursuant to section 85(1) of the UK Financial Services and Markets Act 2000.