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Baltic Horizon Fund offers relief measures to its SME tenants most affected by the COVID-19 pandemic

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Northern Horizon Capital AS, the management company of Baltic Horizon Fund, will
be implementing a number of relief initiatives focused on alleviating the
financial hardship of the most vulnerable group of SME tenants, primarily in the
retail sector, whose operations were most severely affected by the outbreak and
the restrictive measures implemented by the Baltic governments to limit the
spread of contagion. ?While the spread of COVID-19 virus is causing an
unprecedented damage to businesses and communities across the globe, our home
markets in the Baltics are facing equally challenging financial prospects.
Baltic Horizon Fund is managing capital entrusted to us by Baltic retail and
institutional investors so we consider it our responsibility to also make an
effort to help companies get through this crisis," said Tarmo Karotam, fund
manager of Baltic Horizon Fund.

The following relief measures will be coming into effect on April 1, 2020:

 1. Rent payment deferral for the period of 90 days (3 months) which could be
    extended depending on the development of the pandemic and governmental
    restrictions. In case government has waived collection of certain service
    charges, those will also be taken into consideration.
 2. In due course, tenants have a possibility to discuss and agree an individual
    payment schedule for the recovery of deferred rental payments after the
    deferral term.
 3. Waiver of all penalties and interest arising from the rent deferral.

The eligibility for the relief and preconditions will be determined individually
for each tenant by fund management taking into account the changing nature of
the restrictive measures and the financial stimulus being initiated by the
Baltic governments.

While these measures are aimed primarily at the smaller most vulnerable tenant
groups in light of the current crisis, we will be maintaining an active dialogue
also with our anchor tenants and on individual basis consider different options
to support them through this difficult period. Tenants who are less affected by
the COVID-19 virus outbreak are called upon to fulfill their obligations
according to their lease agreement. We will give more information directly to
our tenants in the coming days.

Meanwhile, Baltic Horizon Fund will continue serving its clients, operating
partners and investors to the best of our ability, that way exercising our
responsibility to help the region get through the crisis.

For more information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
www.baltichorizon.com

Baltic Horizon Fund is a registered contractual public closed-end real estate
fund managed by Alternative Investment Fund Manager license holder Northern
Horizon Capital AS.
Distribution:  GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm,
www.baltichorizon.com