Changes in the Supervisory Board of LHV Varahaldus, LHV Kindlustus, and LHV Finance

Core Viewpoint - Mihkel Torim will be elected as a new Member of the Supervisory Board and will assume the position of Chairman of the Management Board of AS LHV Group starting from 22 July 2025, following the resignation of Madis Toomsalu [1][4] Group 1: Leadership Changes - Mihkel Torim joined LHV at the beginning of 2023, managing and developing the investment banking operations of LHV Pank, and previously held senior positions at Swedbank [2] - Madis Toomsalu will resign as Chairman of the Management Board of LHV Group effective 22 July 2025, which will also terminate his mandates in other subsidiaries [4] Group 2: Shareholding and Options - Mihkel Torim does not currently hold shares in LHV Group but has the opportunity to acquire 199,575 shares through options granted to him in 2024 and 2025 [3] Group 3: Company Overview - LHV Group is the largest domestic financial group and capital provider in Estonia, with key subsidiaries including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited, employing over 1,150 people [5] - As of the end of May, LHV's banking services are used by 471,000 clients, with 111,000 active clients in pension funds and 176,000 clients protected by LHV Kindlustus [5] - LHV Bank also offers retail banking services to private clients in the UK, loans to SMEs, and banking services to international fintech companies [5]