FSMA 2000 Part VII Transfer of Banking Business

IMPORTANT INFORMATION FOR LHV PANK’S BANKING SERVICES CLIENTS

To ensure continuity of service to our UK banking services customers in response to Brexit, LHV’s UK branch (operating as AS LHV Pank (UK Branch)) (the “Transferor”) proposes to transfer its UK deposit-taking and payment services business to LHV Bank Limited (previously named LHV UK Limited) (the “Transferee”). This transfer will be subject to the approval of the High Court of England and Wales. As the Transferor and the Transferee are in the same corporate group, this transfer (the “Transfer”) is effectively an internal corporate reorganisation exercise.

Further information about the corporate reorganisation is available at lhv.com/legal-and-regulatory/.

Please note that the Transfer does not apply to retail banking clients or customers that entered into a contract with AS LHV Pank (Estonia) for Euro-related banking products and services. As such, contracts governed by Estonian law will not be impacted by the Transfer, and the terms of those contracts will remain in full force and unchanged.

Please contact your relationship manager if you have any questions or concerns regarding the transfer.