7 Apr - 15 Oct 2025Conversion of SDR:s

As stated in a press release from Baltic Horizon Fund (“the Fund”) the 13^th of February, 2025, the Fund plans to delist their Swedish Depositary Receipts (“SDR”) from Nasdaq Stockholm. In accordance with this, the ISIN for the SDR will be closed and holders of the SDR will need to either sell their SDR:s or convert them into Fund Units in the Estonian ISIN.

The press release in full is found here.

The record date for the closing of the SDR in Euroclear Sweden will be 14th of October, 2025. Any holder who has not yet chosen to sell or convert their SDR:s into Fund Units by this date, will have them mandatory converted into Fund Units. If it’s not possible, for any reason, to convert the SDR:s into Fund Units, the SDR:s will be sold and the holder will receive a payment for the sold SDR:s.

The timeline for the closing of the SDR is tentatively set out to the below:

• 8 October 2025 – Last day of trading in the SDR
• 14 October 2025 – Record day in Euroclear Sweden for the closing of the ISIN. Any holder in the ISIN this day will get their SDR:s mandatory converted into Fund Units.
• 15 October 2025 – All SDR:s will be removed from the nominees’ accounts’ and moved to Nordic Issuing (the depositary bank).
• Around 17 October – Delivery of Fund Units to the nominees in accordance with the holdings on 14 October 2025.

Nominee registered owners

Nominee registered owners are asked to contact their respective bank/nominee to proceed with the conversion of SDR:s into Fund Units.

Direct owners

Direct owner who wishes to convert their SDR:s into Fund Units are asked to reach out directly to Nordic Issuing via info@nordic-issuing.se. As a directly registered account in Euroclear (000X XXXX XXXX) cannot receive Fund Units in the Estonian ISIN, another account must be provided Nordic Issuing via email. Please check with your bank or nominee to which you aim getting the Fund Units delivered that they are able to receive and hold the Fund Units prior to notifying Nordic Issuing regarding the account.

Read more at the company's website

---

The offer in summary