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Pealkiri

Notice of public offering, listing and admission to trading of units of EfTEN United Property Fund

Teade

EfTEN  Capital  AS  (registry  code  11505542, address  A.  Lauteri tn 5, 10114
Tallinn) as the management company of the EfTEN United Property Fund announces a
public offering of the units of the EfTEN United Property Fund.

Offering of units

The Management Company organizes the offering of up to 500,000 fund units to all
natural  and legal  persons in  Estonia in  accordance with  the public offering
prospectus  of the units.  The offer is  divided to interim  periods. During the
first  interim  period,  i.e.  from  9.00 am  (EET) on 09.05.2022 to 11.00 am on
20.05.2022 (EET),  the Management  Company will  offer and  the Fund  will issue
460,000 offered  units. The  Management Company  has the  right to  increase the
offer  by 300,000 offered units during the first interim period. From the second
interim period until the end of the offer period, i.e. from 9.00 am (EET) on the
first  business day of the calendar  month on 01.09.2022 until 11.00 am (EET) on
the  last business day of the last interim period, the Management Company offers
and  issues up to 40,000 offered units.  Maximum of 10,000 units will be offered
in the interim period from September to December.

The  fund has one class of units and the offered units belong to the same class.
Existing units will not be sold during the offer. The minimum number of units to
be  subscribed is 1 and no maximum number  has been set. Integer number of units
can  be  subscribed.  During  the  offer,  no  one  has the pre-emptive right to
subscribe  for  the  offered  units  or  any  other advantages or special rights
arising  from the legislation or the  fund rules. Notwithstanding the above, the
Management  Company may give preference to the existing investors of the Fund in
the  distribution  of  the  units  offered  by  oversubscription.  The  existing
investors  are considered to  be the investors  registered as unit-holders as of
the end of the calendar month preceding the respective interim period.

The  offer price of  the units to  be issued in  each interim period  is the net
asset  value of  the fund  unit in  the previous  calendar month. The Management
Company  determines and publishes the net asset value of a fund unit on the last
business  day of  the calendar  month following  the reporting  period (calendar
month) as a stock exchange announcement and on its website.

The subscription of the offered units takes place only in Estonia through Nasdaq
CSD account managers. In order to participate in the tender, subscription orders
may  be submitted only  in euros and  the tenderer shall  bear all costs or fees
related to the submission of the subscription order.

Important dates:

09.05.2022 - Announcement of the public offering of units

09.05.2022 at  9.00 (EET)  -  30.12.2022 at  11.00 (EET)  Period  of  the public
offering of Units, taking into account that the offering is divided into interim
periods

09.05.2022 at 9.00 (EET) - 20.05.2022 at 11.00 (EET) - the first interim period

24.05.2022 - the management company is expected to decide on the distribution of
units for the first interim period

26.05.2022 -  value  date  of  the  first  interim  period,  when  the units are
transferred against payment to the investor's securities account

31.05.2022 or a day close to it - expected listing of the existing and the first
interim  units and start of trading on  the regulated market organized by Nasdaq
Tallinn AS (in the list of fund units of the Exchange)

From  01.09.2022 on the first  business day of  the calendar month at 9.00 (EET)
until  the  last  business  day  of  the  last  interim  period (December), i.e.
30.12.2022 at 11.00 (EET) - the following interim periods of the offer of units.

Significant  dates related to the offering of  units for periods after the first
interim  period shall be published by the Management Company before the start of
each respective interim offer.

Listing and admission to trading of units

The Management Company has submitted an application for listing and admission to
trading  of all  existing and  offered units  in the  list of  fund units of the
Nasdaq  Tallinn Stock Exchange, for which  the Listing and Supervisory Committee
of Nasdaq Tallinna AS has made a conditional decision on 03.05.2022.

Availability of the prospectus

The prospectus of the public offering, listing and admission to trading of EfTEN
United  Property  Fund  units  together  with  the  summary  is available at the
registered office of the Management Company in Tallinn, A. Lauteri 5 (3rd floor)
and  electronically at https://eftenunitedpropertyfund.ee and  on the website of
the Financial Supervision Authority at www.fi.ee . In addition to the above, the
prospectus is also attached to the appendix to this stock exchange announcement.

This  notice is not a prospectus or a summary thereof. Before investing in EfTEN
United Property Fund units, please read the full prospectus.


Kristjan Tamla
Head of Retail
Tel. 655 9515
E-mail: [email protected] (mailto:[email protected])