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Pealkiri

Correction: ANNOUNCEMENT OF PUBLIC OFFERING, LISTING AND ADMISSION TO TRADING OF SHARES OF AS LHV GROUP

Teade

- Correction of the dates in the Estonian announcement text -

AS LHV Group (registry code 11098261, address Tartu mnt 2, 10145 Tallinn; LHV)
hereby announces a public offering of shares (the Offering). The Offering will
be carried out based on the public offering, listing and admission to trading
prospectus registered by the Estonian Financial Supervision and Resolution
Authority (the EFSA) on 16 May 2022 which has been published on the date of this
announcement on the websites of LHV and the EFSA (the Prospectus). The Estonian
translation of the Prospectus has been made available on LHV website. The terms
and conditions of the Offering are described in the Prospectus.

Key terms of the Offering

The Offering is based on the 4 May 2022 resolution of the Supervisory Board of
LHV, on the basis of the right arising from the Articles of Association as
amended by the resolution of the Annual General Meeting of LHV held on
30 March 2022, to increase the share capital of LHV by issuing up to 694,444
ordinary shares (with the option to increase the Offering volume to up to
972,222 ordinary shares) with the nominal value of 1 euro (the Offer Shares).
The subscription price of Offer Shares is EUR 36 per one new share, of which EUR
1 is the nominal value and EUR 35 is the share premium (the Offer Price).

The existing shareholders of LHV have a pre-emptive right to subscribe for new
shares. The list of shareholders entitled to use the pre-emption rights was
determined as at the end of the business day of the settlement system of Nasdaq
CSD SE on 13 May 2022 and on that basis, 705,762 Subscription Rights will be
issued (the Subscription Right). The ISIN code for the Subscription Rights is
EE3700080742 and the rights will be transferred on 17 May 2022, at the latest to
the same securities accounts where the shares were held.

LHV has applied for the listing and admission to trading of the Subscription
Rights on the Baltic Main List of the Nasdaq Tallinn Stock Exchange. Trading
with the Subscription Rights is expected to commence on 18 May 2022 and is
expected to end on 30 May 2022. Persons who are not shareholders of LHV, may
acquire Subscription Rights from the Nasdaq Tallinn Stock Exchange. Provided the
Offering is not cancelled, each Subscription Right will entitle the investor to
receive 1 Offer Share in the allocation. Owning a Subscription Right does not
equal subscribing to Offer Shares and in order to participate in the Offering
investors need to submit a subscription undertaking of the Offer Shares. If
desired, investors may subscribe for more Offer Shares than owned with
Subscription Rights. In case of oversubscription, the Supervisory Board has the
right to increase the offer size and, in that case, the Offer Shares not
subscribed by the investors holding Subscription Rights and resulting from the
increase of the Offering volume will be distributed between the oversubscribed
investors in accordance with the terms and conditions set out in the Prospectus.

The Subscription Period for the Offer Shares commences on 18 May 2022 at 10:00
local time in Estonia and concludes on 1 June 2022 at 16:00 local time in
Estonia (the Subscription Period).

The Offering only takes place in Estonia and there will not be any public
offering in any other jurisdiction. The Offering comprises of (i) an offering to
retail investors in Estonia and of (ii) an offering to qualified investors in
and outside of Estonia within the meaning of Article 2(e) of the European Union
Prospectus Regulation (EU) 2017/1129 and other types of investors in reliance on
certain exemptions available under the laws of each jurisdiction where the
Offering is being made.

LHV will decide on the allocation of the Offer Shares after the expiry of the
Subscription Period on or about 2 June 2022.

Once the Offer Shares are registered with the Estonian Commercial Register, the
Offer Shares will rank pari passu with all the existing Shares and will be
registered in the Estonian Register of Securities operated by Nasdaq CSD SE (the
ERS) under ISIN EE3100073644.

An investor wishing to subscribe for the Offer Shares should contact a custodian
that operates such investor's securities account opened at ERS and submit a
subscription undertaking. The subscription undertaking must be submitted to the
custodian by the end of the Subscription Period. The investor may use any method
that such investor's custodian offers to submit the subscription undertaking
(e.g., physically at the client service venue of the custodian, over the
internet or by other means). The subscription undertaking will be forwarded to
ERS.

Listing and admission to trading of the Offer Shares

LHV plans to apply for the listing and the admission to trading of the Offer
Shares on the regulated market (Baltic Main List of the Nasdaq Tallinn Stock
Exchange). It is estimated that trading with the Offer Shares will commence on
or about 14 June 2022 following the registration of the Offer Shares at the
Estonian Commercial Register and ERS.

Availability of the Prospectus

The prospectus is disclosed and can be obtained in an electronic format on the
website of LHV investor.lhv.ee/en
(https://www.globenewswire.com/Tracker?data=ue3CTWkEMrIUZ_O0W0b9EJ5jzH41sZiKXAdl
w6o-4nEpeP3YdUyK3-mXXkMJtH93ahXUTeGCV9teh9xYn1KcxnZrzSQLhu6qjoldeHBsXRc=) and on
the website of the EFSA fi.ee
(https://www.globenewswire.com/Tracker?data=e9MeDRjbl-
zkfus3RQoJvrwW3qn_KI3BdVXt_fEzl_bn6Aql6YF9GmCeRSyS0UhM). The translation of the
prospectus in Estonian can be obtained in an electronic format on the website of
LHV investor.lhv.ee/en
(https://www.globenewswire.com/Tracker?data=ue3CTWkEMrIUZ_O0W0b9EHQmofgQbFTQjnQB
gW4HzGzTVyNjK0gAGpTfN-pAye8jxU7VmUnVmRb6N75IwL9s1sK4NTWlxLTt6McbhVmznMw=). In
addition, the Prospectus is available via the information system of Nasdaq
Tallinn Stock Exchange.

Key dates of the Offering

Indicative timetable of the Offering is the following:

+------------------------+-----------------------------------------------------+
|18 May 2022             |Start  of Subscription Period,  start of trading with|
|                        |Subscription Rights on Nasdaq Tallinn Stock Exchange |
+------------------------+-----------------------------------------------------+
|30 May 2022             |Trading  with Subscription  Rights on  Nasdaq Tallinn|
|                        |Stock Exchange ends                                  |
+------------------------+-----------------------------------------------------+
|1 June 2022             |End of Subscription Period                           |
+------------------------+-----------------------------------------------------+
|On or about 2 June 2022 |Announcement of the results of the Offering          |
+------------------------+-----------------------------------------------------+
|On or about 3 June 2022 |Settlement  of the  Offering (during  the settlement,|
|                        |the Offer Shares will carry a temporary ISIN)        |
+------------------------+-----------------------------------------------------+
|On or about 10 June 2022|Registration  of  the  Offer  Shares  in the Estonian|
|                        |Commercial Register                                  |
+------------------------+-----------------------------------------------------+
|On or about 14 June 2022|The  Offer  Shares  will  receive  the permanent ISIN|
|                        |EE3100073644                                         |
+------------------------+-----------------------------------------------------+
|On or about 14 June 2022|First  trading  day  of  the  Offer  Shares on Nasdaq|
|                        |Tallinn Stock Exchange                               |
+------------------------+-----------------------------------------------------+



Priit Rum
LHV Communication Manager
Phone: +372 502 0786
Email: [email protected] (https://www.globenewswire.com/Tracker?data=ny2Mg_Qm-
lZVuYXboui8c6RcIMGmL7B_30KuDOHcucGSNAjFJLM_w0MQBWDomw_OLFrg9w8pdVuzgSM52erTQg==)




Important information

This announcement is an advertisement of securities within the meaning of EU
Prospectus Regulation No 2017/1129/EU and does not constitute or form a part of
any offer or solicitation to purchase or subscribe for the shares. The offer to
acquire the shares is made solely on the basis of the prospectus that is
approved by the Estonian Financial Supervision and Resolution Authority and made
public on the day of the announcement of public offering. The Prospectus is
available on the websites of the Estonian Financial Supervision and Resolution
Authority and AS LHV Group on addresses fi.ee
(https://www.globenewswire.com/Tracker?data=e9MeDRjbl-
zkfus3RQoJvuI6dFImHN7pmNDQz7V8KwJQkpT0rZXPD8E6S2rimpXj) and investor.lhv.ee/en
(https://www.globenewswire.com/Tracker?data=ue3CTWkEMrIUZ_O0W0b9EFzY7MEteRu2axJm
8Q0R0evNVmX6j6Vl6PoW1bBVVejtxxB5a8k3BGe6K-i_JhQy4m10M_jul-
JEMa3R4EwOGGI=) respectively. Before making an investment decision, investors
should read the information published in the prospectus in order to understand
all details related to the investment. The approval of the prospectus by the
Estonian Financial Supervision and Resolution Authority should not be regarded
as endorsement to AS LHV Group or the offered securities. The shares will be
publicly offered only in the Republic of Estonia.