Börsiteade

Pealkiri

Results of the secondary public offering of shares of Coop Pank AS

Teade

The secondary public offering of shares of Coop Pank AS (Coop Pank) ended on
Tuesday, 29 November 2022 (the Offering).

In  the course of the  Offering, Coop Pank offered  up to 7,610,348 new ordinary
shares  to be issued without nominal value  (the Offer Shares), which, Coop Pank
was,  in case of oversubscription of the Offering, entitled to increase by up to
2,536,783 Offer Shares. The Offer Shares were offered at a price of EUR 2.00 per
share,  of which EUR  0.681455 is the book  value and EUR  1.318545 is the share
premium.  The Offer Shares  were offered publicly  only in Estonia. The Offering
was  conducted on the basis of the prospectus approved by the Estonian Financial
Supervision and Resolution Authority on 14 November 2022 (the Prospectus).

A  total of  14 661 investors submitted  subscription undertakings  in the total
amount of EUR 64,5 million, i.e 32,2 million Offer Shares, so the base volume of
the Offering was oversubscribed by 4,2 times.

Investors  who were shareholders  entered in the  shareholders' register of Coop
Pank  as at the end of the business day of the settlement system of the Estonian
Securities Register on 15 November 2022 (the Record Date) submitted subscription
undertakings  in the total amount of EUR  35,6 million. Coop Pank used the right
to  increase the volume of the Offering up to 10,147,131 Offer Shares. The total
proceeds of the Offering are EUR 20,3 million.

In  accordance  with  the  Prospectus,  Coop  Pank decided to allocate the Offer
Shares based on the following principles:

 1. All subscription undertaking of the same subscriber were summed up;
 2. Shareholders who were entered in the shareholders' register of Coop Pank on
    the Record Date were allocated Offer Shares in the full amount subscribed
    for by such shareholder to the extent it was proportional to the book value
    of the relevant shareholder's shares on the Record Date (Pre-emtive
    allotment), and in addition 17% of the subscribed amount exceeding the Pre-
    emtive allotment amount;
 3. Coop Pank's customers and investors of Coop Pank's bonds were allocated 17%
    of the amount subscribed by them;
 4. The remaining investors were allocated 5% of the amount subscribed by them;
 5. All subscriptions up to the threshold of EUR 100 were accepted in full;
 6. The number of shares with decimal places was rounded to the previous whole
    number.

Margus Rink, Chairman of the Management Board of Coop Pank, acknowledged all the
investors on behalf of the bank:

"Investors' interest in our new shares was really high, and it ended with a 4.2
times  oversubscription of the issue. We highly value investors' trust and faith
in  the continuation of Coop Pank's growth. In accordance with the conditions of
the  issue, this time  we gave preference  to the existing  shareholders of Coop
Pank, who were allocated 86% of the new shares.

We  continue to  implement the  growth strategy  with the  support of additional
capital.  We have promised that by  2027, when the 10th anniversary of the birth
of  Coop Bank, the bank's  market share will grow  to 10%, we will have 150,000
active   customers,   the  loan  portfolio  will  exceed  2 billion  euros,  the
cost/income ratio will be below 50% and the return on equity will be over 15%.

We  want more and more of our current  investors and customers to become part of
the  bank's success  story. We  are grateful  and proud  that the  number of our
investors is now more than 35,000," said Margus Rink.

The  Offer  Shares  allocated  to  investors  will  be transferred to investors'
securities  account  on  or  about  5 December  2022 by  using  "delivery versus
payment"  method. During  the settlement,  the Offer  Shares carry the temporary
ISIN  code  EE380G007850,  which  will  be  changed  to  the permanent ISIN code
EE3100007857  of  the  shares  of  Coop  Pank  on or about 7 December 2022 after
settlement of the Offering.

Trading  with the Offer Shares on Nasdaq Tallinn Baltic Main List is expected to
commence on or about 7 December 2022.

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 141,600. 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.

Additional information:
Paavo Truu
CFO
Phone: 5160 231
E-mail: [email protected] (mailto:[email protected])

Important information

This  notice  is  an  advertisement  for  securities  within  the meaning of the
Regulation No 2017/1129/EU of 14 June 2017 of the European Parliament and of the
Council  European  Parliament  and  does  not  constitute an offer to sell Offer
Shares  or invitation to  subscribe to  Offer Shares.  An offer  to subscribe to
Offer  Shares should  be made,  and each  investor should  make any  decision to
invest in the Offer Shares only on the basis of the information contained in the
Prospectus  and if  necessary, consult  with an  expert to  fully understand the
potential  risks  and  rewards  associated  with  a  decision to invest in Offer
Shares.  The approval of a Prospectus  by the Estonian Financial Supervision and
Resolution Authority is not considered to be a recommendation for Offer Shares.

The  information  contained  in  this  notice  is  not intended to be published,
distributed  or transmitted, in whole or in part, directly or indirectly, in the
United  States, Canada,  Hong Kong,  Japan, Singapore,  South Africa,  or in any
other  country or circumstance where  publication, sharing or transmission would
be  unlawful. Offer  Shares will  be publicly  offered only  in the  Republic of
Estonia and certain selected Member States of the European Economic Area and the
sale or offer of the Offer Shares shall not take place in any jurisdiction where
such  offer,  invitation  or  sale  would  be  unlawful without the exception or
qualification of law.