Correction: Outcome of Subscription to Coop Pank AS Unsecured Subordinated Bonds

Core Viewpoint - Coop Pank AS successfully completed its public offering of unsecured subordinated bonds, demonstrating strong investor interest and oversubscription, which reflects confidence in the bank's growth plans [1][3][4]. Offering Details - The offering included up to 10,000 unsecured subordinated bonds with a nominal value of EUR 1,000 each, a maturity date of 1 April 2037, and a fixed interest rate of 6.25% per annum, payable quarterly [2]. - The total subscription amount reached EUR 57.3 million, indicating an oversubscription of 5.7 times the initial issue volume [3]. - Coop Pank exercised its right to increase the offering by 5,000 additional bonds, raising the total offering amount to EUR 15 million [3]. Allocation Principles - The allocation of bonds prioritized existing customers and investors, with nearly 60% of the total offering volume allocated to them [4]. - Subscription orders were aggregated, with all subscriptions up to EUR 2,000 fully fulfilled, and existing shareholders and bondholders' subscriptions up to EUR 5,000 also fully satisfied [7]. - For subscriptions exceeding the specified thresholds, offers were satisfied to the extent of 10.9% [7]. Company Background - Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia, with a client base of 229,800 [6]. - The bank aims to leverage the synergy between retail business and banking to enhance everyday banking services [6]. - The strategic shareholder of Coop Pank is the domestic retail chain Coop Eesti, which consists of 320 stores [6]. Future Expectations - The bonds are expected to be transferred to investors' securities accounts around 1 April 2026 and will be listed on the Baltic Bond List of Nasdaq Tallinn Stock Exchange on approximately 2 April 2026 [5].