Coop Pank AS raises subordinated capital from the European Energy Efficiency Fund

On  19 December 2025, Coop  Pank AS  (hereinafter the  Bank) and European Energy
Efficiency   Fund   S.A.  SICAV-SIF  (hereafter  EEEF)  concluded  an  unsecured
subordinated  loan agreement in the amount  of 5 million euros, with an interest
rate  of 6 months' EURIBOR  plus 3.25% per annum.  The loan is  repayable in one
installment,  and the term of the loan agreement is 31.03.2034. The Bank has the
right  to repay the loan early with  the permission of the Financial Supervision
Authority after 5 years have passed since it was issued.

In  the  form  of  a  subordinated  loan  agreement,  it is a capital instrument
included in the Bank's Tier 2 own funds.

According  to Paavo Truu, CFO  of Coop Pank AS,  the funds from the subordinated
loan  agreement will be used to continue the Bank's growth strategy by directing
the  funds primarily to projects promoting energy efficiency or renewable energy
production.  This is the second time the  Bank has raised capital from the EEEF;
on the first occasion, the Bank obtained a subordinated loan of 15 million euros
from the EEEF under an agreement concluded in 2023.

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 reached 225,800. 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 of 320 stores.

Additional information:
Paavo Truu
CFO
Phone: +372 5160 231
E-mail: [email protected] (mailto:[email protected])