Coop Pank extends authorities of Heikko Mäe as Member of the Management Board of Coop Pank AS

On the proposal of Coop Pank AS Nomination Committee the Supervisory Board of
Coop Pank AS decided on 19 November 2025, to extend the term of office of Heikko
Mäe, Member of the Management Board of Coop Pank AS, for a new 3-year term, i.e.
from the end of the current term until 11 February 2029.
At the same time, Heikko Mäe's powers as a member of the supervisory board of
Coop Pank AS subsidiaries Coop Liising AS and Coop Kindlustusmaakler AS were
extended.

From February 2020, Heikko Mäe is a member of the Management Board and the Head
of Risk at Coop Pank AS. In addition to sitting on the management board of Coop
Pank, Heikko Mäe is a member of the supervisory boards of the bank's
subsidiaries Coop Liising AS and Coop Kindlustusmaakler AS and a member of the
management board of its subsidiary SIA Prana Property.
Heikko Mäe holds 164,070 shares in Coop Pank AS and had been issued with the
option of a further 47,900 shares with a realisation date of 2026, an option for
86,200 shares which matures in 2027 and an option for 83,500 which matures in
2028.

Coop Pank, based on Estonian capital, is one of the five universal banks
operating in Estonia. The number of clients using Coop Pank for their daily
banking has reached 224 000. Coop Pank aims to put the synergy generated by the
interaction of retail business and banking to good use and to bring everyday
banking services closer to people's homes. The strategic shareholder of the bank
is the domestic retail chain Coop Eesti comprising 320 stores.


Additional information:
Katre Tatrik
Communication Manager
Tel: +372 5151 859
E-mail: [email protected]