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Baltic Horizon Fund SPV plans private placement of bonds to finance construction of Meraki office building

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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 informs of the plan to organize an issue of secured
bonds  of Baltic Horizon Fund SPV, BH  Meraki UAB in the aggregate nominal value
of  up to EUR 8 million with the maturity date of 18 months as of the issue date
with  a possibility to issue  the bonds in multiple  tranches. The issue size of
the  first tranche  is intended  to be  up to  EUR 4 million.  The bonds will be
secured  with a 1(st) rank mortgage on the properties located at Eitmin? str. 3
and  Ukmerg?s  str.  308, Vilnius,  Lithuania  and  with a surety granted by the
Baltic Horizon Fund to secure the payment obligations under the bonds.

The  private placement is intended to be aimed mainly at institutional investors
in  select European countries. Redgate Capital AS and Luminor Bank AS Lithuanian
branch  will  act  as  lead  managers  of  the  issue. The net proceeds from the
issuance  of the bonds will be used for financing the construction of the Meraki
office building.

BH  Meraki UAB  intends, after  successful closing  of the private placement, to
apply for listing of the bonds on Nasdaq First North.

Important note:

This announcement does not constitute an offer to sell or the solicitation of an
offer  to buy the bond, nor shall there be any offer or sale of the bonds 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 state or other jurisdiction. Any offers of the bonds
will be made only by means of a private placement.

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.

The  information contained herein 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.

The  information contained herein 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  who  are outside the United
Kingdom,  (ii) persons who  have professional experience  in matters relating to
investments  falling within Article 19(5) of  the Financial Services and Markets
Act  2000 (Financial Promotion) Order  2005 (the "Order"), (iii)  high net worth
entities  falling within  Article 49(2) of  the Order  and (iv) other persons to
whom  it may lawfully be communicated  (all such persons together being referred
to as "relevant persons"). In addition, this communication is, in any event only
directed  at persons  who are  "qualified investors"  pursuant to the Prospectus
Directive  (2003/71/EC,  as  amended).  Any  investment  activity  to which this
communication  relates will only be available to, and will only be engaged with,
relevant persons. Any person who is not a relevant person should not act or rely
on this document or any of its contents.

For additional information please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=d1DFOcIw1vVuGzAC66IrLEueM9p8jZMdiNlr
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www.baltichorizon.com
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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: GlobeNewswire, Nasdaq Tallinn, Nasdaq
Stockholm, www.baltichorizon.com
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j5Gen2sWgTY99Zai-Xto5_LpKbWAH0A==)

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
20:25 EET on 3 May 2021.