Intended Change in the Supervisory Board of LHV Group

Core Viewpoint - LHV Group's Nomination Committee has proposed Christian Schröder as a candidate for the Supervisory Board, with the election scheduled for the next Annual General Meeting, pending approval from the European Central Bank [1][2]. Group 1: Appointment Details - Christian Schröder is set to be appointed to the Risk and Capital Committee and the Audit Committee of LHV Group upon his election [2]. - He will also serve as a Non-Executive Director of LHV Bank Limited, the UK subsidiary of LHV Group, for a three-year term [2]. Group 2: Background of Christian Schröder - Christian Schröder has over 25 years of international experience in the financial sector, particularly in banking management and regulatory oversight [3]. - He previously held senior leadership positions at Pictet Group, including CEO of Bank Pictet & Cie (Europe) AG, managing assets of up to EUR 250 billion [3]. Group 3: Supervisory Board Experience - Schröder has served as Chairman of the Board of FundPartner Solutions (Europe) SA and has been involved with Bank Pictet & Cie (Europe) AG since 2025 [4]. - He has extensive experience with European banking regulations and collaboration with supervisory authorities [4]. Group 4: Educational Background - Christian Schröder holds a Master's degree in Communication Systems from École Polytechnique Fédérale de Lausanne and has completed executive programs at INSEAD, IMD Lausanne, and the Swiss Banking School [5]. Group 5: Company Overview - LHV Group is the largest domestic financial group in Estonia, with key subsidiaries including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited [6]. - The Group employs over 1,100 people and serves 489,000 clients through LHV Pank, manages pension funds for 106,000 active clients, and provides insurance for 230,000 clients [6].