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Baltic Horizon Fund General Meeting – notice to investors

Teade

Northern Horizon Capital AS invites Baltic Horizon Fund unit-holders and Swedish
Depositary  Receipt (hereinafter  the "SDR")  holders (hereinafter  together the
"Investors")  to  attend  an  annual  General  Meeting (hereinafter the "General
Meeting")  of Baltic Horizon Fund on  2 June 2023 at 14:00 (local Estonian time)
at  the office of Northern Horizon  Capital AS at Tornimäe 2, 24th floor, 10145
Tallinn,  Estonia. Registration for the meeting will begin at 13:00. The General
Meeting will be held in English.

The  meeting is convened in accordance  with sections 10.4 and 10.6 of the Rules
of Baltic Horizon Fund and section 47-1 of the Investment Funds Act of Estonia.

The  total  number  of  units  and  votes  in  Baltic  Horizon  Fund  amounts to
119,635,429.

Investors  may issue a power of attorney for representing them at the meeting (a
template power of attorney is added as Annex 1). The meeting will be informative
and there are no resolutions to be voted on.

Investors may also join the webinar to view the General Meeting online on 2 June
2023 at 14:00.

To join the webinar, please register via the following link:

https://nasdaq.zoom.us/webinar/register/WN_2tZp4QjZSXmqPp8yknIgFw

You  will  be  provided  with  the  webinar  link  and  instructions how to join
successfully.  The webinar will be recorded and available online for everyone at
the company's website on www.baltichorizon.com (http://www.baltichorizon.com).

Agenda

 1. Presentation of the FY2022 audited annual report of Baltic Horizon Fund, and
    interim report of Q1 2023;
 2. Presentation of the future strategy of Baltic Horizon Fund.

Investors are invited to send questions and comments on the agenda to the Baltic
Horizon   fund  manager  at  [email protected]  (mailto:Tarmo.Karotam@nh-
cap.com)  by  26 May  2023. Northern  Horizon  Capital  AS  will  respond to the
questions and comments at the meeting itself.

Participation - requirements and notice

Investors  who are entered  in the Baltic  Horizon Fund registry of unit-holders
maintained  by Nasdaq  CSD SE  and holders  of SDRs  registered in the Euroclear
Sweden  AB system ten days  before the date of  the General Meeting, i.e. at the
end  of business of Nasdaq CSD SE on 22 May 2023, are entitled to participate in
the meeting.

In  order  to  facilitate  the  registration  process, investors whose units are
registered  in their own name are invited  to provide notice of their attendance
by  26 May 2023 to  [email protected] (mailto:[email protected]). Notice
should  include name, personal identification number (or the registration number
of  the legal person),  address, number of  units represented and, if applicable
attendance   of   any   representatives,   along  with  the  name  and  personal
identification number of the representatives. The attendance of a representative
does not deprive the unit-holder of the right to participate at the meeting.

Instructions  to holders of  Baltic Horizon Fund  SDRs registered with Euroclear
Sweden AB in Sweden

Notice   of  participation  should  be  sent  by  16:00 EET  on  29 May  2023 to
[email protected]   (mailto:[email protected]).  Notice  should  include
name,  personal identification number  (or the registration  number of the legal
person),  address, number of units represented and, if applicable, attendance of
any  representatives, along with the name  and personal identification number of
the  representatives. The  attendance of  a representative  does not deprive the
Investor of the right to participate at the meeting.

Representation under a power of attorney

Investors  whose  representatives  are  acting  under  a  power  of attorney are
requested  to  prepare  a  written  power  of attorney for the representative in
Estonian or English (templates can be found at Annex 1).

A copy of the executed power of attorney should be sent to [email protected]
(mailto:[email protected])  together  with  the  notice of participation. In
case  the power of attorney is issued by a legal person, a certified copy of the
registration  certificate (or equivalent certificate of authority) shall also be
submitted  together with, as applicable,  the documents certifying the authority
of  the representative in case the power of attorney is signed by a person under
a power of attorney.

Baltic  Horizon Fund  is registered  in Estonia,  which means  that any power of
attorney  (or  any  certified  copy  of  the registration certificate of a legal
person)  issued in a foreign  country should be notarised  and accompanied by an
apostille. The apostille requirement applies, for example, to powers of attorney
issued and notarised in Sweden or Finland.

Instructions for the day of the General Meeting

We  kindly ask  Investors to  bring a  personal identification document, and for
their  representatives also to present the original written power of attorney in
English  or Estonian. In case  the Investor is a  legal person, documentation in
Estonian or English certifying the authority of the Investor's representative or
the signatory of the power of attorney will also be requested.

Data  collected  by  Northern  Horizon  Capital  AS from powers of attorney, the
unitholders  registry maintained by  Nasdaq CSD SE,  and the list  of holders of
SDRs  registered in the Euroclear Sweden AB  system will be used for the purpose
of registration for the meeting.

Annex 1:

Form  of power of attorney  to appoint a representative  for the general meeting
(in Estonian)

Form  of power of attorney  to appoint a representative  for the general meeting
(in English)

For additional information, please contact:

Tarmo Karotam

Baltic Horizon Fund manager

E-mail [email protected] (mailto:[email protected])

www.baltichorizon.com (http://www.baltichorizon.com)

Baltic  Horizon Fund is  a registered contractual  public closed-end real estate
fund  that  is  managed  by  Alternative  Investment Fund Manager license holder
Northern Horizon Capital AS.

Distribution:     GlobeNewswire,     Nasdaq     Tallinn,    Nasdaq    Stockholm,
www.baltichorizon.com (http://www.baltichorizon.com)