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NOTICE ON CALLING THE ANNUAL GENERAL MEETING OF THE SHAREHOLDERS

Teade

The Management Board of AS LHV Group (hereinafter the "Group") hereby calls the
general meeting of the shareholders, to be held at 13:00 on 24 March 2021
(Tallinn time) at Hilton Tallinn Park Hotel, "Ballroom" conference hall (Fr. R.
Kreutzwaldi 23, Tallinn, second floor).

Registration of participants will start at the venue of the meeting at 12:00.
Registration will end at 12:45. We kindly ask all shareholders and
representatives to arrive in a timely manner, taking into account the time
required for registration.

The Management Board of the Group confirms appropriate measures will be taken on
the site of the meeting to minimize the possibility of spreading the coronavirus
in order to protect the participants of the special general meeting, incl. hand
sanitizers and personal protective equipment are provided on site of the
meeting. The measures to be taken will be updated if needed according to the
overall situation and possible societal restrictions at the time of the meeting.
Regardless, in order to prevent the spread of COVID-19, the Management Board of
the Group requests to prefer voting on the items on the agenda of the general
meeting using electronic means prior to the meeting and not to physically
participate in the meeting and to watch the general meeting by video
transmission.

In order to vote using electronic means the shareholders are to fill in a voting
ballot, which is available on the Group's website investor.lhv.ee
(https://investor.lhv.ee/en/general-meetings/#24.03.2021). The filled in voting
ballot must be signed digitally and sent to the e-mail address [email protected]
(mailto:[email protected]) by not later than on 23 March 2021 at 09:00. The procedure
of the electronic voting can be found in more detail on the Group's website
investor.lhv.ee (https://investor.lhv.ee/en/general-meetings/#24.03.2021).

The list of shareholders entitled to participate at the general meeting will be
established 7 (seven) days before the general meeting, i.e. as at 17 March 2021
COB of Nasdaq CSD.

For registration, we kindly ask participants to submit the following documents:

 1. shareholders who are natural persons are required to submit their identity
    document; representatives must also submit a valid written authorisation
    document;
 2. legal representatives of shareholders who are legal persons are required to
    submit their identity document; authorised representatives must also submit
    a valid written authorisation document. If the legal person has not been
    registered in the Estonian commercial register, we kindly request submission
    of a valid extract of the register in which the legal person has been
    registered and under which the representative is authorised to represent the
    shareholder (legal authorisation). The extract must be prepared in English
    or translated into English by a sworn translator or authority equivalent to
    a sworn translator, be verified by a notary, and bear the Apostille.

A shareholder must inform the Group of the appointment of a representative or
withdrawal of the authorisation prior to the general meeting, by sending the
corresponding digitally signed notice to the general meeting's e-mail address
[email protected] (mailto:[email protected]) or by delivering the notice in a format which
can be reproduced in writing to the Group's location at Tartu mnt 2, Tallinn
10145, first floor, on working days between 09:00 and 19:00. Should a
shareholder wish to inform the Group of the appointment of a representative or
withdrawal of the authorisation granted to a representative prior to the general
meeting, the corresponding notice must have been delivered to and received by
the Group at least 3 (three) days before the general meeting, not later than on
22 March 2021 at 09:00. Rain Lõhmus, Chairman of the Supervisory Board of the
Group, may be appointed as the authorised representative, if the shareholder so
desires.

The authorisation document form is available for the shareholder on the Group's
website at investor.lhv.ee (https://investor.lhv.ee/en/general-
meetings/#24.03.2021).

Pursuant to the resolution adopted by the Group's Supervisory Board on 17
February 2021, the general meeting will have the following agenda, with the
proposals of the Management Board and the Supervisory Board specified under the
agenda items and with the Supervisory Board proposing to vote for all draft
resolutions specified under the agenda items:

 1. Approval of the Annual Report 2020
    To approve the Annual Report 2020 of the Group, as presented to the general
    meeting.

 1. Profit allocation for 2020
    The profit attributable to the Group as the parent company of the
    consolidation group in the financial year 2020 amounts to EUR 37,950
    thousand. To transfer EUR 0 to the legal reserve. To approve the profit
    allocation proposal made by the Management Board and pay dividends in the
    net amount of 29 euro cents per share. The list of shareholders entitled to
    receive dividends will be established as at 07 April 2021 COB. Consequently,
    the day of change of the rights related to the shares (ex-dividend date) is
    set to 06 April 2021. From this day onwards, the person acquiring the shares
    will not have the right to receive dividends for the financial year 2020.
    Dividends shall be disbursed to the shareholders on 09 April 2021.

 1. Overview of the economic results for the first two months of 2021
    An overview provided by the Management Board to the shareholders on the
    economic results for the first two months of 2021.

 1. Overview on the business environment and the five-year financial forecast
    An overview provided by the Management Board on the business environment and
    the Group's five-year financial forecast.

Votes shall be cast by open ballot. All documents related to the annual general
meeting of the Group (including the notice on calling the general meeting, the
draft resolutions, the Group's Annual Report 2020, report on the activities of
the Supervisory Board in 2020 and assessment of the Annual Report, and other
documents to be submitted to the general meeting) will be made available to the
shareholders on the Group's website investor.lhv.ee
(https://investor.lhv.ee/en/general-meetings/#24.03.2021) and at the Group's
location at Tartu mnt 2, Tallinn 10145, first floor, during working days from
09:00 to 19:00 until (including) the day of the general meeting.

All shareholders shall have the right to receive from the Management Board
information on the Group's activities at the general meeting. The Management
Board may refuse to give information, if there is reason to presume that this
may cause significant damage to the interests of the Group or the companies
incorporated in the Group. Where the Management Board refuses to give
information, a shareholder may demand that the legality of the shareholder's
demand be decided by the general meeting or submit, within 2 (two) weeks after
the refusal, a petition to a court in a proceeding on petition in order to
obligate the Management Board to give information.

Any questions regarding the agenda items of the general meeting should be
addressed to the Group's e-mail address [email protected] (mailto:[email protected]) so
that the question would be received by the Group at least 3 (three) days before
the general meeting, not later than on 22 March 2021 at 09:00.

Shareholders, whose shares represent at least 1/20 (one-twentieth) of the share
capital of the Group, may demand the inclusion of additional items on the agenda
of the annual general meeting, if the corresponding request is filed in writing
at least 15 (fifteen) days prior to the general meeting, not later than on 10
March 2021 at 23:59, at the e-mail address [email protected] (mailto:[email protected]) or
to the Group's location at Tartu mnt 2, Tallinn 10145.

Shareholders, whose shares represent at least 1/20 (one-twentieth) of the share
capital of the Group, may submit to the Group in writing a draft resolution on
each agenda item, by posting the draft to the e-mail address [email protected]
(mailto:[email protected]) or to the Group's location at Tartu mnt 2, Tallinn 10145.
The draft must be submitted in electronic form or by e-mail so that it would be
delivered to and received by the Group not later than 3 (three) days before the
general meeting, not later than on 22 March 2021 at 09:00.



Yours sincerely

Madis Toomsalu
Member of the Management Board of AS LHV Group


Announcement sent by:

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