Coop Pank launches a share buyback programme

On  the  basis  of  the  resolution  of  the  general  meeting  of  Coop Pank AS
(hereinafter Coop  Pank)  adopted  on  8 April  2026 and  the  resolution of the
Supervisory  Board of Coop Pank dated 9 April, the Management Board of Coop Pank
has  decided  to  commence  the  repurchase  of  Coop  Pank shares and, for this
purpose,  to  launch  the  first  stage  of  Coop Pank's scheduled share buyback
programme (hereinafter the First Buyback Programme).

In  repurchasing  its  own  shares,  Coop  Pank  relies  on  the decision of the
Financial  Supervision  Authority  dated  16 March  2026, by which Coop Pank was
granted  permission to repurchase  up to 3,109,716 Coop  Pank shares for a total
amount of up to EUR 3,000,000.

The  First  Buyback  Programme  will  be  carried  out pursuant to the exemption
applicable to scheduled buyback programmes set out in Article 5(1) of Regulation
(EU) No 596/2014 of the European Parliament and of the Council (the Market Abuse
Regulation) and Commission Delegated Regulation (EU) 2016/1052.

The  purpose of  the First  Buyback Programme  is to  acquire shares in order to
fulfil  obligations arising  from options  granted to  Coop Pank's employees and
members of management bodies. Pursuant to the resolution of the Management Board
of  Coop Pank, Coop Pank may acquire up to 377 640 of its own shares for a total
consideration  of up to  3 000 000 euros under the  First Buyback Programme. The
maximum  price per share  of the transactions  shall be determined in accordance
with  legal regulations and the resolution of  the general meeting of Coop Pank.
The First Buyback Programme will be effective from 9 April until 31 May 2026. In
determining  the maximum number of shares that may be acquired on a daily basis,
Coop  Pank has opted  to use the  average daily trading  volume for March 2026,
which is 41,962 shares per day.

Under  the First Buyback  Programme, Coop Pank  may acquire on  each trading day
from  9 April until 31 May up to 10,490 shares. This constitutes a right of Coop
Pank,  but not an obligation. The launch of the First Buyback Programme does not
give  shareholders or third  parties any grounds  to assume that  shares will be
repurchased on a daily basis.

Coop  Pank will disclose aggregate information on transactions carried out under
the  First Buyback  Programme by  way of  a stock  exchange announcement on each
Monday in respect of transactions executed during the preceding calendar week.

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 229,800. 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
Tel: +372 516 0231
e-mail: [email protected]
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