Baltic Horizon Fund (NHCBHFFT) EGM 2025 summary

Opening remarks and agenda

• Meeting convened as an Extraordinary General Meeting on 16 December 2025, as a repeat due to lack of quorum at the previous session; quorum achieved this time.

• Jana Karimova appointed as secretary and Tarmo Karotam as chair.

Specific resolutions to be voted on

• Proposal to issue up to 169,147,497 new units at EUR 0.1478 per unit in Q1 2026 to strengthen the fund's capital base and balance sheet.

• Target capital raise is EUR 25 million to repay bonds and fund property enhancements.

• Only current unitholders as of the record date are eligible to subscribe, in proportion to their holdings, with pre-emptive rights.

• Technical details and allocation principles to be published after approval.

Shareholder proposals specific to EGM

• All existing investors have the right to subscribe for new units up to their pro rata share.

• Unsubscribed units will not be reallocated; full subscription is not expected.