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Baltic Horizon Fund General Meeting and related change in Financial Calendar – Notice to investors

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Northern  Horizon Capital AS invites Baltic  Horizon Fund unit-holders to attend
an  annual General Meeting on 1 June  2021 at 14:00 (GMT+3, 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 time of the AGM also results to a change in the financial calendar of Baltic
Horizon  Fund, as the AGM will be held on 1 June instead of previously announced
2 June. Updated financial calendar is available on Baltic Horizon Fund webpage.

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.

Considering  the pandemic  spread of  the coronavirus  around the  world and its
spread  in Estonia Northern Horizon  Capital AS strongly recommends unit-holders
not to participate in the meeting physically.

Unit-holders may also join the webinar to view the annual general meeting online
on 1 June 2021 at 14:00. The webinar will be held in English.

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

https://attendee.gotowebinar.com/register/4830540924154742031

You  will  be  provided  with  the  webinar  link  and  instructions how to join
successfully.  When joining the webinar for the first time, you will be asked to
download  the plug-in. In case plug-in can't  be downloaded, a web browser which
enables  attending the  webinar, opens  automatically. The  registration is open
until 1 June 2021 at 12:00 PM (Estonian time).

Registered  participants will  receive a  reminder e-mail  one hour prior to the
webinar.  The webinar will be recorded and  available online for everyone at the
company's website on www.baltichorizon.com.

Agenda

 1. Presentation of the FY2020 audited annual report of Baltic Horizon Fund, and
    interim report of Q1 2021.

Unit-holders  are invited to  send questions and  comments on the  agenda to the
fund  manager  at  [email protected]  by  25 May  2021. Northern  Horizon
Capital  AS will respond to these questions and comments as soon as possible but
no later than 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 ten days  before the date  of the General Meeting,
i.e.  at the end  of business of  Nasdaq CSD SE  on 21 May 2021, 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  25 May 2021 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 units registered with Euroclear
Sweden AB in Sweden

Notice   of  participation  should  be  sent  by  16:00 EET  on  25 May  2021 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.

Representation under a power of attorney

Unit-holders  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 be also
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 unit-holder is a legal person, documentation in
Estonian  or  English  language  certifying  the  authority of the unit-holder's
representative or the signatory of the power of attorney will be also 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
units  registered in the Euroclear Sweden AB system will be used for the purpose
of registration.

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 Fond, fondijuht
E-mail [email protected]
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)