Notice on Public Offering of Subordinated Bonds of Bigbank AS

Bigbank AS (registry code 10183757, address Riia tn 2, Tartu, 51004) (Bigbank) hereby announces a public offering of its unsecured subordinated bonds (Offering) and informs of the registration by Estonian Financial Supervision and Resolution Authority (FSA) of Supplement n-o.1 to the base prospectus registered on 13 November 2023 (base prospectus and its Supplement n-o. 1 hereinafter jointly Prospectus).

The Offering is a second series of the Bigbank unsecured subordinated bond programme (Programme) described in the Prospectus. The Offering is conducted on the basis of the prospectus that has been supplemented and that includes Supplement no. 1 that has been registered by the FSA on 13 May 2024 (Supplement) that has been disclosed on the date of this announcement on the web pages of Bigbank (https://investor.bigbank.eu/et) and the FSA (https://www.fi.ee). With the Supplement the Bigbank’s annual financial information for the financial year ended 31 December 2023 and the interim financial information for the three months period ended on 31 March 2024 are incorporated to the Prospectus. The Supplement also updates the Prospectus with information about recent events and changes and their effect on Bigbank.

The planned volume of the second series is up to 3 million euros with the option of increasing the amount up to 10 million euros. Under the Programme it is possible for Bigbank to raise up to 30 million euros in total.

 Main terms of the Offering

In the course of the Offering, Bigbank offers up to 3,000 unsecured subordinated bonds “EUR 7.00 BIGBANK ALLUTATUD VÕLAKIRI 24-2034” with the nominal value of 1,000 euros per bond and maturity date on 29 May 2034. Bigbank shall pay interest on the bonds quarterly at a fixed rate of 7.00% per annum. In case of oversubscription Bigbank is entitled to increase the amount of bonds offered by 7,000 bonds up to 10,000 bonds in total. Bigbank is also entitled to cancel the Offering in the volume not subscribed. Unsecured subordinated bonds are offered with the price of 1,000 euros per one bond. The unsecured subordinated bonds are registered in the Estonian Register of Securities operated by Nasdaq CSD Estonian Branch (Nasdaq CSD) under ISIN code EE3300004340.