Börsiteade

Pealkiri

Notice of secondary public offering of shares of Coop Pank AS

Teade

Coop Pank AS (register code 10237832, address Maakri 30, 15014, Tallinn, Estonia
(Coop  Pank) hereby announces  the secondary public  offering of its shares (the
Offering).  The Offering is conducted on the basis of the prospectus approved by
the Estonian Financial Supervision Authority (the EFSA) on 14 November 2022 that
has  been published on the date of this  notice on the websites of Coop Pank and
the EFSA (the Prospectus).

In  the  course  of  the  Offering,  Coop  Pank  is offering up to 7 610 348 new
ordinary  shares to be issued without nominal  value (the Offer Shares). In case
of  oversubscription of the Offering, Coop Pank may, at its discretion, increase
the  number of Offer Shares  by up to 2 536 783 Offer  Shares, so that the total
number  of  Offer  Shares  after  such  increase  will be up to 10 147 131 Offer
Shares.  Coop Pank may cancel the Offering  subject to the conditions set out in
the  Prospectus. The  Offer Shares  are offered  publicly to retail investors in
Estonia  and non-publicly to  qualified investors within  the meaning of Article
2(e) of  Regulation (EU) No  2017/1129/EU of the European  Parliament and of the
Council  of 14 June  2017 in Estonia  and certain  selected member states of the
European Economic Area.

The  Offer Shares  are offered  at a  price of  EUR 2.00 per share, of which EUR
0.681455 is  the book  value and  EUR 1,318545 is  the share  premium (the Offer
Price). The subscription period starts on 15 November 2022 at 10:00 and will end
on 29 November 2022 at 16:00 (the Offer Period). Further details of the Offering
are set out in the Prospectus.

The shareholders of Coop Pank entered in the shareholders' register of Coop Pank
as  at the  end of  the business  day of  the settlement  system of the Estonian
Securities  Register on 15 November 2022 have the pre-emptive right to subscribe
for  Offer Shares in proportion to the  book value of the relevant shareholder's
shares.

Certain  shareholders  of  Coop  Pank  holding approximately 56.94% of the share
capital  have issued subscription guarantees to Coop Pank pursuant to which they
have  undertaken  to  subscribe  for  and  acquire Offer Shares in the aggregate
amount  of EUR 8 041 063. In  addition, three member  cooperatives of Coop Eesti
Keskühistu  (Abja Tarbijate Ühistu, Hiiumaa Tarbijate Ühistu and Tõrva Tarbijate
Ühistu),  which  currently  do  hold  shares  in  Coop  Pank,  have  also issued
subscription  guarantees in the total amount  of EUR 500 000. Assuming that Coop
Pank does not exercise its right to increase the number of Offer Shares to up to
10 147 131 Offer  Shares, the subscription guarantees  cover 56,11% of the total
volume of the Offering.

Coop  Pank intends to use  the capital raised in  the Offering to strengthen its
Tier 1 capital necessary to increase its operating volumes and market share.

Coop  Pank has one class of shares, and  the Offer Shares are of the same class.
At  the time of the Offering, the Offer Shares will have the temporary ISIN code
EE380G007850,  which will be changed to  the permanent ISIN code EE3100007857 of
the Coop Pank Shares after settlement of the Offering.

Key dates of the Offering

  Offer Period starts                           15 November 2022 at 10:00

  Offer Period ends                             29 November 2022 at 16:00

  Announcement of the results of the Offering   on or about 1 December 2022

  Settlement of Offering                        on or about 5 December 2022

  First trading day                             on or about 7 December 2022

Submission of subscription undertakings

In  order to subscribe  for the Offer  Shares in the  Offering, an investor must
have  a securities account  opened at custodian  of the Nasdaq  CSD SE Estonia´s
branch.

An  investor  wishing  to  subscribe  to  the  Offer Shares should contact their
securities  account custodian and submit the subscription undertaking during the
Offer Period in the form indicated below.

By submitting the subscription undertaking, an investor authorises the custodian
who operates  the investor's current account connected to its securities account
to  immediately block  the whole  transaction amount  on the  investor's current
account  until the settlement  is completed or  funds are released in accordance
with the terms set out in the Prospectus.

The subscription undertaking must contain the following information:

 Owner of the securities account:    name of the investor

                                     number   of   the   investor`s  securities
 Securities account:                 account

 Custodian:                          name of the investor´s custodian

 Security:                           Coop Pank secondary share

 ISIN code:                          EE380G007850

                                     The  number of Offer  Shares determined by
 Amount of Offer Shares:             the investor

 Offer Price (per share):            EUR 2.00

                                     the  number of Offer  Shares determined by
 Transaction amount:                 the investor multiplied by Offer Price

 Counterparty:                       Coop Pank AS

 Securities account of counterparty: 99102215403

 Custodian of the counterparty:      AS LHV Pank

 Value date of the transaction:      5 December 2022

 Type of transaction:                ?subscription" or ?purchase"

Listing and admission to trading of Offer Shares

On  31 October 2022, Coop Pank submitted an  application to Nasdaq Tallinn Stock
Exchange  (the Nasdaq  Stock Exchange)  for listing  of the  Offer Shares on the
Baltic  Main List of the Nasdaq Stock Exchange. Trading with the Offer Shares on
the Nasdaq Stock Exchange is expected to commence on or about 7 December 2022.

While  every effort will be made  and due care will be  taken in order to ensure
the  listing and the admission to trading  of the Offer Shares, Coop Pank cannot
ensure that the Offer Shares will be listed and admitted to trading.

Availability of the Prospectus

The  Prospectus can be  obtained in electronic  form on the  website of the EFSA
(http://www.fi.ee)  and on  the website  of Coop Pank (www.cooppank.ee/pakkumine
(http://www.cooppank.ee/pakkumine)).

Interested  parties may download the Prospectus  free of charge from the website
of  Coop  Pank  or  request  Coop  Pank  to  send  them electronic copies of the
documents.  A paper copy of the Prospectus will be sent to the interested person
upon  receipt of a  request to this  effect. The Prospectus  will not be sent to
jurisdictions  where there  is no  public offer  of Offer  Shares (i.e., outside
Estonia).

Before  investing into Offer  Shares, we ask  you to acquaint  yourself with the
Prospectus in full and consult with an expert as necessary.

Coop Pank, based on Estonian capital, is one of the five universal banks
operating in Estonia. The number of clients using Coop Pank for their daily
banking has reached 141,600. Coop Pank aims to put the synergy generated by the
interaction of retail business and banking to good use and to bring everyday
banking services closer to people's homes. The strategic shareholder of the bank
is the domestic retail chain Coop Eesti comprising 330 stores.

Additional information:
Paavo Truu
CFO
Phone: 5160 231
E-mail: [email protected] (mailto:[email protected])

Important information

This  notice  is  an  advertisement  for  securities  within  the meaning of the
Regulation No 2017/1129/EU of 14 June 2017 of the European Parliament and of the
Council  European  Parliament  and  does  not  constitute an offer to sell Offer
Shares  or invitation to  subscribe to  Offer Shares.  An offer  to subscribe to
Offer  Shares should  be made,  and each  investor should  make any  decision to
invest in the Offer Shares only on the basis of the information contained in the
Prospectus  and if  necessary, consult  with an  expert to  fully understand the
potential  risks  and  rewards  associated  with  a  decision to invest in Offer
Shares.  The approval  of a  Prospectus by  the EFSA  is not  considered to be a
recommendation for Offer Shares.

The  information  contained  in  this  notice  is  not intended to be published,
distributed  or transmitted, in whole or in part, directly or indirectly, in the
United  States, Canada,  Hong Kong,  Japan, Singapore,  South Africa,  or in any
other  country or circumstance where  publication, sharing or transmission would
be  unlawful. Offer  Shares will  be publicly  offered only  in the  Republic of
Estonia and certain selected Member States of the European Economic Area and the
sale or offer of the Offer Shares shall not take place in any jurisdiction where
such  offer,  invitation  or  sale  would  be  unlawful without the exception or
qualification of law.