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NOTICE ON CALLING ANNUAL GENERAL MEETING OF SHAREHOLDERS

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The Management Board of AS LHV Group (hereinafter the Group) hereby calls the
general meeting of the shareholders (hereinafter the general meeting), to be
held on 22 March 2023 starting at 13:00 (Estonian time) at Hilton Tallinn Park
Hotel (Fr. R Kreutzwaldi 23, Tallinn).

The list of shareholders entitled to participate in the general meeting will be
determined as of 7 (seven) days before the general meeting, i.e., as at 15 March
2023 COB of Nasdaq CSD settlement system.

The registration of the participants of the general meeting will take place on
the day of the meeting, 22 March 2023, between 12:00 and 12:50. The organizers
of the general meeting have the right not to consider later requests for
registration and participation in the general meeting. Registration of
participation ensures the exercise of shareholder's rights during the general
meeting, including electronic voting for draft resolutions on the agenda of the
general meeting.

Pursuant to the resolution adopted by the Group's Supervisory Board on 15
February 2023, the agenda of the general meeting will be following, and the
proposals of the Management Board and the Supervisory Board in regard to the
agenda items are specified by each agenda item as follows, whereas the
Supervisory Board has proposed to vote in favour of all draft resolutions
specified under the agenda items.

 1. Annual Report 2022
    Approve the Group's Annual Report for 2022 as presented to the general
    meeting.

 1. Profit Distribution for 2022
    The profit attributable to the Group as the parent company of the
    consolidation group in the financial year 2022 amounts to EUR 58,319
    thousand. Transfer EUR 0 to the legal reserve. Approve the profit
    distribution proposal made by the Management Board and pay dividends in the
    net amount of 4 euro cents per share. The list of shareholders entitled to
    receive dividends will be established as of 5 April 2023 COB of the Nasdaq
    CSD settlement system. Consequently, the day of change of the rights related
    to the shares (ex-dividend date) is set to 4 April 2023. From this day
    onwards, persons acquiring the shares will not have the right to receive
    dividends for the financial year 2022. Dividends shall be disbursed to the
    shareholders on 12 April 2023.

 1. Remuneration Principles
    Approve the Remuneration Principles of the Group as presented to the general
    meeting.

 1. Overview of Economic Results for First Two Months of 2023
    An overview provided by the Management Board to the shareholders on the
    economic results for the first two months of 2023.

 1. Overview of 5-Year Financial Forecast
    An overview provided by the Management Board to the shareholders on the
    Group's five-year financial forecast.

 1. Extension of Mandates of Supervisory Board Members
    Extend the term of office of the members of the Group's Supervisory Board
    Rain Lõhmus, Andres Viisemann, Tiina Mõis, Heldur Meerits, Raivo Hein and
    Tauno Tats for a period of 3 (three) years and the term of office of the
    member of the Supervisory Board Sten Tamkivi for a period of 1 (one) year
    from the expiry of their current term of office.

Shareholders who cannot or do not wish to take part in the general meeting can
vote on the draft resolutions on the agenda of the general meeting before the
general meeting (hereinafter pre-voting) in the period from the publication of
the notice on calling the annual general meeting (i.e., from 28 February 2023)
until 17:00 on 21 March 2023, whereas the simplified pre-voting via the website
https://vote.lhv.ee/ (hereinafter meeting website) will be opened at 13:00 on
17 March 2023. A shareholder who has pre-voted is considered to be participating
in the general meeting, and the votes represented by the shares that shareholder
holds are accounted as part of the general meeting quorum.

Pre-voting under simplified procedure and registering participation and
electronic voting during the general meeting takes place through the meeting
website. Shareholders who cannot or do not wish to participate in the pre-voting
or register their presence electronically, will be allowed to register and vote
at the meeting venue, as long as they arrive at the venue with sufficient time
for registration. It is possible to pre-vote on the draft resolutions on the
agenda of the general meeting using the pre-voting ballots, which are available
on the Group's website https://investor.lhv.ee/en/
(https://investor.lhv.ee/en/general-meetings/#22.03.2023) (hereinafter investor
website).

Shareholders whose rights are exercised by a representative at the general
meeting, must ensure that before the general meeting takes place, the
document(s) proving their right of representation are presented in writing to
the Group's e-mail address [email protected] (mailto:[email protected]) or on working days
between 9 to 18 to the Group's address Tartu mnt 2, Tallinn 10145, 1st floor no
later than 17:00 on 20 March 2023. All documents submitted in a foreign language
must be in English or translated into English by a sworn translator or an
official equivalent to a sworn translator, certified and legalized or
apostilled, unless otherwise provided by legal acts in force. The Group must
also be informed of the withdrawal of the given authorization by the same
deadline. The Group asks to take into account that shareholder's rights can be
exercised via the meeting website by a person who has the right of sole
representation of the shareholder. Holders of nominee accounts who wish to vote
on a draft resolution in a proportion other than the total number of votes
belonging to the respective shareholder, i.e., to distribute the votes belonging
to the respective shareholder on the draft resolution between several
predetermined options, will have the opportunity to do so on the meeting
website. Such proportional voting is also possible with the pre-voting ballots
published on the investor website.

In the counting the votes given by pre-voting and electronic voting during the
general meeting, only ballots that followed the procedure for pre-voting and
electronic participation will be counted. The procedure can be found on the
investor website.

Shareholders taking part in the general meeting electronically, shareholders
pre-voted and/or the representatives of either will be provided with the option
of watching the meeting by video broadcast on the website
https://investor.lhv.ee/uldkoosolek/. Access is based on the e-mail address that
the shareholder has provided to the Group in connection with the general
meeting, above all for pre-voting or electronic participation via the meeting
website or in an authorization provided to the Group. Instructions for watching
the video broadcast can be found on the investor website.

Up to and including the day of the general meeting, shareholders have the option
of examining all documents submitted to the Group's general meeting (including
the notice on calling the general meeting, draft resolutions, the Group's annual
report for 2022, including the independent auditor's report, proposal for the
profit distribution, the remuneration report, the Supervisory Board's report on
its activities and assessment of the 2022 annual report and remuneration
principles) on the investor webpage. The procedure for pre-voting and electronic
participation, instructions for watching the video broadcast, pre-voting
ballots, and authorizations for appointing a representative at the general
meeting can also be found on the same page.

Before the general meeting, shareholders can ask questions about the agenda
items of the general meeting by email [email protected] (mailto:[email protected]),
provided that the questions are received by the Group at least 1 (one) working
day before the general meeting, no later than 13:00 on 21 March 2023.

At the general meeting, shareholders have the right to receive information from
the Management Board, to request that additional items be included on the
agenda, and to submit draft resolutions in regard to each agenda item. In regard
to the procedure and term for exercising these rights, the Group proceeds from
the provisions of section 287, subsections 293 (2) and 2931 (4) of the
Commercial Code and requests that the corresponding applications be sent by e-
mail to [email protected] (mailto:[email protected]) or to the Group's location at Tartu
mnt 2, Tallinn 10145.

Within 7 (seven) days of the general meeting, the minutes of the general meeting
will be made available to shareholders on the investor website.



Sincerely,

Madis Toomsalu
Chairman of the Management Board of AS LHV Group




Announcement sent by:

Marthi Lepik
LHV Communication Specialist
Phone: +372 5666 2944
E-mail: [email protected] (mailto:[email protected])