Baltic Horizon Capital AS announced an offering of up to 169,147,497 new units of Baltic Horizon Fund to the existing investors of Baltic Horizon Fund on 17 February 2026 and the offering period began on 23 February 2026. Some of the existing investors have experienced difficulties in subscribing for different reasons. Baltic Horizon Capital AS reminds and encourages the existing investors to contact the fund manager directly via info@baltichorizon.com in all such cases. For additional information, please c ...

Group 1 - Baltic Horizon Fund is hosting an investor conference webinar on 20 February 2026 at 13:00 PM (CET) or 14:00 PM (EET) [1] - The webinar will be led by Tarmo Karotam, the Fund Manager, and will include a Q&A session [1] - Participants are encouraged to submit questions by 19 February 2026 to ensure they are addressed during the webinar [1] Group 2 - Registration for the webinar is available until 20 February at 12:00 PM (CET)/ 13:00 PM (EET) [2] - Registered participants will receive a reminder email one hour before the webinar starts [3] - The webinar will be recorded and made available on the company's website and YouTube channel [3] Group 3 - For further inquiries, Tarmo Karotam can be contacted via email or through the company's website [4] - Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Baltic Horizon Capital AS [4] - The company encourages stakeholders to register for updates on projects and plans through its website [4]

Core Viewpoint - Baltic Horizon Capital AS is offering up to 169,147,497 new units of Baltic Horizon Fund to existing investors, with proceeds aimed at deleveraging the fund's portfolio and enhancing assets [1]. Offering Details - The offering is exclusively for existing investors, with a public offering arranged in Estonia and available to investors in other European Economic Area jurisdictions under specific exemptions [3]. - The offer period starts at 10:00 on 23 February 2026 and ends at 16:00 on 3 March 2026, with the possibility of extension by the company [4]. - The offer price per unit is set at EUR 0.1478, and subscriptions can only be made for whole units [6]. Subscription Process - Existing investors can subscribe for units based on their holdings as of 20 February 2026, multiplied by a coefficient of 1.1782, allowing for a maximum subscription of 1178 units for every 1000 units held [7]. - Investors must hold a securities account in the Estonian Register of Securities and authorize the blocking of the transaction amount until the offering is settled [8]. - A detailed subscription order form is required, specifying the investor's details and the number of units they wish to subscribe for [12]. Key Dates - Key dates for the offering include: - 23 February 2026: Commencement of the offer period - 3 March 2026: End of the offer period - On or about 4 March 2026: Announcement of allocation results - On or about 9 March 2026: Delivery of allocated units and start of trading on Nasdaq Tallinn [11].

Management Board of Baltic Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the twelve months of 2025. The Fund reports Q4 2025 and full year 2025 unaudited results in the spirit of fresh start under new ownership of the Management Company, strengthened organization, and at the same time communicates a decision to proceed with the secondary public offering of new units. The Fund generated a total of EUR 15,098 thousand of rental income during 2025. Due to ...

Key Points - The net asset value (NAV) per unit of the Baltic Horizon Fund remained stable at EUR 0.5450 at the end of January 2026, compared to EUR 0.5451 as of December 31, 2025 [1] - The total net asset value of the Fund at year-end was EUR 78.2 million, unchanged from December 31, 2025 [1] - In January 2026, the Fund generated consolidated net rental income of EUR 0.9 million, a decrease from EUR 1.0 million in December 2025 [1] - As of January 31, 2026, the Fund's consolidated cash and cash equivalents increased to EUR 5.8 million from EUR 5.4 million on December 31, 2025, primarily due to a EUR 0.7 million loan received by BH Northstar UAB [2] - The total consolidated assets of the Fund were EUR 217.3 million as of January 31, 2026, up from EUR 216.6 million on December 31, 2025 [2]

Core Viewpoint - Baltic Horizon Capital AS is undergoing changes in its management board with the proposal of Edvinas Karbauskas for appointment as a member of the management board and Co-fund Manager of Baltic Horizon Fund [2][3]. Group 1: Management Changes - Edvinas Karbauskas is set to join the management board of Baltic Horizon Capital AS starting from February 2, 2026, pending approval from the Estonian Financial Supervision and Resolution Authority [2]. - Edvinas previously served on the management board from January 2023 to June 2024, where he held the position of co-fund manager [3]. - After leaving the management board, Edvinas worked as CFO and board member at Tech Zity Vilnius Group, focusing on the development of the Tech Zity Vilnius campus in Lithuania [3]. Group 2: Regulatory Approval - Baltic Horizon Capital AS will provide notifications once the necessary regulatory approval is obtained [4].

Group 1 - The net asset value (NAV) per unit of the Baltic Horizon Fund increased to EUR 0.5451 at the end of December 2025, up from EUR 0.5446 as of 30 November 2025 [1] - The total net asset value of the Fund remained stable at EUR 78.2 million as of the end of December 2025, unchanged from the previous month [1] - The Fund generated consolidated net rental income of EUR 1.0 million in December 2025, consistent with November 2025, and achieved a total of EUR 11.7 million for the year [1] Group 2 - As of the end of December 2025, the Fund's consolidated cash and cash equivalents were EUR 5.4 million, down from EUR 5.7 million at the end of November 2025, with EUR 4.0 million restricted under credit agreements [2] - The total consolidated assets of the Fund were EUR 216.6 million at the end of December 2025, slightly decreasing from EUR 217.2 million in November 2025 [2] - The valuation of investment properties was confirmed at EUR 208.7 million by independent valuators, although there is uncertainty regarding the business continuity of the anchor tenant in Riga, indicating a downside risk [2] Group 3 - The Fund is currently meeting all financial covenants under credit agreements or has obtained waivers, except for three Latvian property loans, which are expected to be prolonged in Q1 2026 [3] - The Fund anticipates falling short of the requirement to maintain a consolidated equity ratio of at least 37.5% as per bond terms, with a report scheduled for release on 17 February 2026 [3] - Management will decide on the offering of new units by the time of the preliminary consolidated financial statements release, as mandated by unitholders in December 2025 [3]

Financial Disclosure Schedule - Baltic Horizon Fund plans to disclose its financial results and hold a general meeting of investors according to a specific schedule in 2026, which includes interim financial statements and audited annual reports [1] - Key dates include: - Interim Financial Statements for 12 months of 2025 on 17 February 2026 - Audited annual report for 2025 on 31 March 2026 - Annual General Meeting of investors on 1 June 2026 - Interim Financial Statements for 6 months of 2026 on 6 August 2026 - Interim Financial Statements for 12 months of 2026 on 17 February 2027 [1] Company Information - Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Baltic Horizon Capital AS, which holds an Alternative Investment Fund Manager license [2] - For further inquiries, Tarmo Karotam, the fund manager, can be contacted via email [2] - The fund provides updates and announcements through its website and social media platforms [2]

Core Points - The Baltic Horizon Fund held a repeat extraordinary General Meeting on December 16, 2025, in Tallinn, Estonia, due to insufficient quorum at the initial meeting on December 8, 2025 [1][2] - A total of 58,923,830 units, representing 41.05% of the total votes in the fund, were present at the meeting [3] - The main agenda was to approve the issuance of new units in Q1 2026 to strengthen the fund's balance sheet, which was passed with 92.94% of the votes in favor [4]

Core Insights - The net asset value (NAV) per unit of the Baltic Horizon Fund decreased to EUR 0.5446 at the end of November 2025, down from EUR 0.6783 as of 31 October 2025, indicating a decline in the Fund's value [1] - The total net asset value of the Fund at month-end was EUR 78.2 million, a decrease from EUR 97.4 million as of 31 October 2025 [1] - The fair value of the Baltic Horizon Fund portfolio decreased to EUR 208.7 million as of 30 November 2025, down from EUR 224.5 million as of 31 December 2024, primarily due to changes in discount rates, exit yields, and projected investments [2] Financial Performance - The Fund generated consolidated net rental income of EUR 1.0 million in November 2025, consistent with the income reported in October 2025 [3] - As of the end of November 2025, the Fund's consolidated cash and cash equivalents amounted to EUR 5.7 million, a slight decrease from EUR 6.0 million as of 31 October 2025, with EUR 4.3 million restricted for use under credit agreements [3] - The total consolidated assets of the Fund were EUR 217.2 million at the end of November 2025, down from EUR 238.0 million as of 31 October 2025 [3] Valuation Insights - The decrease in portfolio value was attributed to changes in discount rates, exit yields, foreseeable occupancies, and projected investments into tenant fit-outs [2] - The summary of property valuations will be published on the Fund's webpage, with more detailed information to be provided in the quarterly report [2]