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Resolutions of the annual general meeting of shareholders of AS Coop Pank

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The  annual  general  meeting  of  shareholders  of  Coop Pank AS (registry code
10237832, address Narva mnt 4, Tallinn, 15014; hereinafter the Company) was held
on 28 May 2020 at 11:00 at Tallinna Ülikool conference room "Maximum" (Narva mnt
29, Tallinn).

63,133,361 votes   were  represented  at  the  meeting,  representing  70,58% of
Company's  share  capital,  and  thus  the  general  meeting  had a quorum. 111
shareholders were represented at the meeting.

The decisions of the General Meeting were as follows:

 1. Approval of the consolidated Annual Report 2019 of Coop Pank AS.

The  general Meeting decided to approve  consolidated Annual Report 2019 of Coop
Pank AS submitted to the General Meeting.

 1. Profit allocation of Coop Pank AS 2019 financial year.

The  general Meeting decided to  allocate the net profit  of Coop Pank AS in the
amount of 5 527 thousand euros as follows:

      * allocate 276 thousand euros to statutory reserve capital;
      * not to allocate profit in any other reserve prescribed by law or
        Articles of Association and not to use the profit for other purposes;
      * not to pay dividend to shareholders and to allocate 5 251 thousand euros
        to retained earnings.

 1. Appointment of the auditor for the financial years 2020 - 2022.

The  General  Meeting  decided  to  appoint  Aktsiaselts  PricewaterhouseCoopers
(registry  code 10142876) as the auditor for the financial years 2020 - 2022, to
establish  the procedure for remuneration of  the auditor in accordance with the
contract  to be entered  into with the  auditor and to  authorize the management
Board to conclude the relevant agreement.

 1. Amendment of articles of association

The  General Meeting decided to amend the articles of association of the Company
and  to approve the new  wording of the articles  of association as submitted to
the General Meeting.

 1. Exclusion of pre-emptive subscription rights

The  General Meeting decided  to exclude the  pre-emptive subscription rights of
the  existing shareholders for the shares issued to Option Holders in accordance
with  section 3.3.5 of the Articles of  Association for the purpose of executing
the share option programme of Coop Pank AS.

 1. Recall of Supervisory Board

The General Meeting decided to recall of all Member of Supervisory Board: Jaanus
Vihand, Priit Põldoja, Märt Meerits, Jaan Marjundi and Roman Provotorov.

 1. Election of Supervisory Board

The General Meeting decided to re-elect the Supervisory Board and to appoint the
following persons to Supervisory Board:

  * Alo Ivask with authority as of the date of this decision for a term of 3
    (three) years.
  * Ardo Hillar Hansson with authority as of 08.06.2020 for a term of 3 (three)
    years.
  * Jaan Marjundi with authority as of the date of this decision for a term of
    3 (three) years.
  * Raul Parusk with authority as of the date of this decision for a term of 3
    (three) years.
  * Roman Provotorov with authority as of the date of this decision for a term
    of 3 (three) years.
  * Silver Kuus with authority as of the date of this decision for a term of 3
    (three) years.

 1. Remuneration and compensation of Supervisory Board

The General Meeting decided that Chairman and vice-chairman of Supervisory Board
shall  be paid  1 500 EUR (gross  amount) per  month, Member  of the Supervisory
Board shall be paid 1 000 EUR (gross amount) per month.

An overview of the activities of the members of the Supervisory Board during the
previous 3 years is attached.

The  minutes of the general meeting shall  be made available to the shareholders
not  later than within  7 (seven) days from  the date of  the general meeting at
Company's website https://www.cooppank.ee/en/for-investors .

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 71 100. 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.

Kristjan Seema
Head of Marketing & Communication
Tel: +372 5505 253
e-mail: [email protected]

Annex:  Information on the supervisory board members