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  • Gofore Plc: Summons to Gofore Plc’s annual general meeting

    GOFORE PLC COMPANY ANNOUNCEMENT 5 MARCH 2021 AT 9.05 EETSummons to Gofore Plc’s annual general meeting Gofore Plc’s shareholders are hereby invited to the annual general meeting that will be held at Töölönlahdenkatu 2, 00100 Helsinki at 2.00 pm on Friday, 26 March 2021. The company's shareholders and their proxy representatives may attend the meeting and exercise their shareholder rights only by voting in advance and by submitting counterproposals and questions in advance. Shareholders may not attend the meeting in person. Instructions for shareholders can be found below in part C. Instructions for the participants to the meeting. Shareholders may not attend the meeting in person. The meeting will be held in accordance with the temporary law (677/2020) that came into force on 3 October 2020. The company has decided upon measures enabled by the temporary law whose purpose is to enable the company to organise the meeting in a predictable manner while taking into consideration the health and safety of the company’s shareholders, employees and other interest groups. All shareholders who have registered for the meeting may watch the meeting as a live broadcast and use the chat function to ask questions or comment on the proceedings during the meeting. Shareholders will not be considered to be officially participating in the meeting or to be exercising their right to ask questions or to speak at the meeting when they watch the live broadcast or use the chat function to ask questions or comment on the proceedings. Correspondingly, any questions submitted via the chat function will not constitute questions asked in the manner required by Chapter 5 Section 25 of the Finnish Limited Liability Companies Act. In order for the shareholders’ questions to be considered valid under the applicable law, they must be submitted in advance as described below. After the annual general meeting has concluded, the live broadcast will continue as a separate Q&A session where the company’s representatives will discuss the questions and comments submitted via the chat function. This Q&A session is not part of the annual general meeting. Link to the webcast will be available at company`s website: http://gofore.com/agm2021. Matters on the agenda of the annual general meeting The following matters will be discussed at the annual general meeting: 1. Opening of the meeting 2. Calling the meeting to order - Attorney-at-Law Jari Gadd will serve as the Chair of the meeting. In the event that Jari Gadd is unable to serve as the Chair of the meeting for a well-justified reason, the Board of Directors will appoint the person it considers the most suitable to serve as the Chair. The company’s General Counsel Kalle Mäki will serve as the secretary of the meeting. In the event that Kalle Mäki is unable to serve as the secretary, the Chair will call upon another person to serve as the secretary of the meeting. 3. Election of persons to scrutinise the minutes and to supervise the counting of votes - Master of Laws Markus Vanhanen will scrutinise the minutes and supervise the counting of votes. In the event that Markus Vanhanen is unable to serve in this role for a well-justified reason, the Board of Directors will appoint the person it considers the most suitable to carry out these duties. 4. Recording the legality of the meeting 5. Recording attendance at the meeting and adoption of the list of votes - Shareholders who have voted in advance before the expiry of the deadline for advance voting and who have the right to participate in the meeting under Chapter 5 Sections 6 and 6a of the Finnish Limited Liability Companies Act are considered to constitute participating shareholders. The list of votes will be adopted based on the information provided by Euroclear Finland Oy and Innovatics Oy. 6. Presentation of the financial statements, the report of the Board of Directors and the auditor’s report for the year 2020 - As the shareholders can participate in the meeting possibly only in advance, the company's financial statements, the report of the Board of Directors and the auditor’s report, which the company published on 5 March 2021 and which are available on the company’s website at http://gofore.com/agm2021, are considered to have already been presented to the annual general meeting. 7. Adoption of the financial statements 8. Deciding on the use of the profit shown in the balance sheet and on the payment of dividend - The company’s Board of Directors proposes to the annual general meeting that the company pay EUR 0.24 in dividend per share for the year 2020, i.e. altogether EUR 3,368,862.48 based on the number of all outstanding shares as of the date of this summons. Dividend will be paid to shareholders who are recorded as shareholders in the shareholders’ register maintained by Euroclear Finland Ltd on the record date of 30 March 2021. Pursuant to the proposal, the dividend will be paid on 8 April 2021. 9. Resolution on the discharge of the members of the Board of Directors and the CEO from liability 10. Non-binding discussion of the remuneration report for governing bodies 2020 - The remuneration report for governing bodies 2020 is enclosed with this summons and available on the company’s website at http://gofore.com/agm2021. As shareholders can attend the annual general meeting only through advance voting, the remuneration report for governing bodies 2020 is considered to have already been presented to the general meeting for the purposes of non-binding discussion. 11. Resolution on the remuneration of the Board Members - The Shareholders’ Nomination Board proposes that the Chair of the Board be paid EUR 3,500 per month and each Board Member EUR 2,000 per month in remuneration. - Furthermore, the Shareholders’ Nomination Board proposes that each Board Member be paid a fee for each committee meeting as follows: the Chair of the committee should be paid EUR 800 and the other committee members EUR 400 for each meeting. In addition, all members will be reimbursed for their travel costs against receipts in accordance with the company’s travel rules. 12. Resolution on the number of Board Members - The Shareholders’ Nomination Board proposes to the annual general meeting that it decide to set the number of Board Members at five (5) persons. 13. Election of the Board Members - The Shareholders’ Nomination Board proposes to the annual general meeting that Juha Eteläniemi, Mammu Kaario, Timur Kärki and Sami Somero be re-elected as members of the Board of Directors. - The Shareholders’ Nomination Board proposes that Piia-Noora Kauppi be elected as a new Board Member. - Ms Kauppi has served as the Managing Director of Finance Finland (FFI) since 2009. Prior to that, Ms Kauppi served e.g. as a member of the European Parliament and several Parliament committees from 1999 to 2008 and as the head of the Finnish delegation in the European Parliament’s EPP-ED group from 2004 to 2008. Ms Kauppi serves as a member on the boards of e.g. the following entities: UPM Kymmene Oyj, SOS-Lapsikyläsäätiö (Chair of the Board) and the Finnish Financial Ombudsman Bureau FINE. Ms Kauppi has received a Bachelor of Laws degree from the University of Helsinki. - All proposed members are independent of the company and its significant shareholders with the exception of Timur Kärki, who is the company’s largest shareholder and served as the company’s CEO until 2019. All board member candidates have consented to being elected to the position of Board Member. 14. Resolution on the remuneration of the auditor - The Board of Directors proposes that the auditor’s fee be paid in accordance with an invoice approved by the company. 15. Election of the auditor - The Board of Directors proposes that KPMG Oy Ab, an authorised audit firm, be elected as the company’s auditor for a term expiring at the end of the next annual general meeting. KPMG Oy Ab has stated that Authorised Public Accountant Lotta Nurminen would serve as the auditor with principal responsibility. 16. Authorising the Board of Directors to decide on the acquisition of the company’s own shares and/or on accepting them as a pledge - The Board of Directors proposes to the annual general meeting that the annual general meeting authorise the Board to decide upon the acquisition of a maximum of 1,403,692 of the company’s own shares in one or several tranches with the company's unrestricted shareholder's equity and/or on accepting the same number of the company’s own shares as a pledge in one or several tranches. The maximum total of shares that will be acquired and/or accepted as a pledge corresponds to approximately 10% of all shares in the company as of the date of this summons. However, the company, together with its subsidiaries, may not at any point own or accept as a pledge more than 10% of all shares in the company. - The shares will be acquired otherwise than in proportion to the holdings of the shareholders via public trading arranged by Nasdaq Helsinki Ltd at the market price that applies on the date of acquisition or otherwise at a price formed on the market. Shares can be acquired and/or accepted as a pledge e.g. in order to execute a transaction or implement share-based incentive schemes or for other purposes as decided by the Board of Directors or otherwise for the purposes of further assignation, retention or cancellation. The Board of Directors is authorised to decide on all other terms and conditions that will apply to the acquisition and/or acceptance as a pledge of the company’s own shares. - The Board of Directors proposes for this authorisation to cancel the authorisation to decide upon the acquisition of the company’s own shares that was granted by the annual general meeting held on 29 April 2020. - The Board of Directors proposes that the authorisation remain in force until the end of the next annual general meeting, however not for longer than until 30 June 2022. 17. Authorising the Board of Directors to decide on a share issue as well as the issuance of options and other special rights entitling to shares - The Board of Directors proposes that the annual general meeting authorise the Board to decide upon a share issue and the issuance of option rights and other special rights entitling to shares referred to in Chapter 10 Section 1 of the Finnish Limited Liability Companies Act in one or more trances and either against or without consideration. - The number of shares to be issued, including the shares received on the basis of the option rights and other special rights, may not exceed 2,105,540 shares, which amounts to approximately 15% of all shares in the company as of the date of this summons. The Board of Directors may decide to either issue new shares or to assign company shares that are held by the company. - The authorisation entitles the Board of Directors to decide on all terms and conditions that will apply to the share issue and to the issuance of option rights or other special rights entitling to shares, including the right to derogate from the shareholders' pre-emptive right. The shares can be used as consideration in transactions, as part of the company’s incentive schemes or for other purposes as decided by the Board of Directors. - The Board of Directors proposes that the authorisation remain in force until the end of the next annual general meeting, however not for longer than until 30 June 2022. This authorisation will cancel any existing, unused authorisations to decide on a share issue and the issuance of option rights or other special rights entitling to shares. 18. Closing of the meeting B. Documents of the meeting The aforementioned proposals that are included on the agenda of the annual general meeting as well as this summons are available on Gofore Plc’s website at http://gofore.com/agm2021. Gofore Plc’s financial statements, annual report and auditor's report as well as the remuneration report will be available on the aforementioned website on 5 March 2021. Copies of the financial statements and the other documents will be provided to shareholders upon request. The minutes of the annual general meeting will be published on the company’s aforementioned website on 8 April 2021 at the latest. C. Instructions for the participants to the annual general meeting Shareholders and their proxy representatives may participate in and exercise their rights at the annual general meeting only in advance and in accordance with the instructions provided below. 1. Shareholders recorded in the shareholders’ register Shareholders that are recorded in the shareholders’ register maintained by Euroclear Finland Ltd as of 16 March 2021 are entitled to participate in the annual general meeting. Shareholders whose shares are registered in their personal Finnish book-entry accounts are registered in the company’s shareholder register. Shareholders may participate in the meeting only by voting in advance and by submitting their counterproposals and questions in advance as described below. 2. Registration and voting in advance Registration and advance voting will begin at 2 pm on 9 March 2021 once the deadline for submitting counterproposals that will be subjected to a vote has expired. Shareholders who are recorded in the shareholders’ register and who wish to participate in the annual general meeting must register for the meeting and vote in advance by 4 pm on 19 March 2021 at the latest, by which time the registration and the votes must be received. Shareholders with Finnish book-entry accounts may register and vote in advance on some of the matters on the agenda of the annual general meeting. Registration and advance voting begins at 2 pm on 9 March 2021 and ends at 4 pm on 19 March 2021. Registration and advance voting must be conducted as follows: a) via the company’s website at http://gofore.com/agm2021 Please note that the secure digital identification process for registration and advance voting requires a Finnish or Swedish bank ID or mobile ID. Shareholders must also disclose their personal identity code or business ID, email address and/or phone number. b) by mail or email Shareholders may submit an advance voting form that will be available on the company’s website from 2 pm on 9 March 2021 onwards by mail to Innovatics Oy by addressing the envelope to Innovatics Oy, Annual General Meeting/Gofore Oyj, Ratamestarinkatu 13 A, 00520 Helsinki, Finland or by email to agm@innovatics.fi. In the event that a shareholder participates in the annual general meeting by sending their advance votes by mail or email to Innovatics Oy and they are received before the expiry of the deadline for advance voting and registration, the shareholder will be considered to have registered for the annual general meeting provided that information regarding the shareholder that is required for registration has been submitted as well. Instructions for advance voting will also be available on the company's website at http://gofore.com/agm2021 before advance voting begins. Additional information concerning registration and voting in advance is available by phone at 010 2818 909 from Monday to Friday from 9 am to 12 pm and from 1 pm to 4 pm. The name of the shareholder, their personal identity code or business ID, phone number as well as the names and personal identity codes of any proxy representatives must be disclosed in connection with registration. This personal data will only be used in connection with the annual general meeting and the Q&A session that will follow and when processing related registrations. 3. Proxy representatives and powers of attorney Shareholders may participate in the annual general meeting and exercise their rights by way of a proxy representative. The shareholder’s proxy representative must also participate by voting in advance as described in this summons. The proxy representative must produce a dated power of attorney or otherwise prove in a reliable manner that they are entitled to represent the shareholder at the annual general meeting. In the event that a shareholder participates in the annual general meeting by means of several proxy representatives that represent the shareholder based on shares held in different securities accounts, the shares represented by each proxy representative must be disclosed when registering for the annual general meeting. A power of attorney template and the advance voting form will be available on the company’s website at http://gofore.com/agm2021 by 2 pm on 9 March 2021 at the latest. Shareholders are kindly requested to submit any powers of attorney primarily via digital registration, by email to agm@innovatics.fi or by mail or courier in their original to Innovatics Oy, Annual General Meeting/Gofore Plc, Ratamestarinkatu 13 A, 00520 Helsinki, Finland before the expiry of the deadline for advance voting. Any shareholder that submits a power of attorney before the expiry of the deadline for registration and advance voting will be considered to have registered for the annual general meeting provided that information concerning the shareholder that is required for registration has also been provided. 4. Holders of nominee registered shares The holders of nominee registered shares are entitled to participate in the annual general meeting by virtue of the shares based on which they would be entitled to be registered in the shareholders’ register maintained by Euroclear Finland Ltd as of the record date of the annual general meeting, i.e. 16 March 2021. Participation in the annual general meeting also requires for such shareholders to be registered, where entitled by the aforementioned shares, in the temporary shareholders’ register maintained by Euroclear Finland Ltd by 10 am on 23 March 2021 at the latest. As regards nominee registered shares, this is considered to constitute due registration for the annual general meeting. Any changes that have occurred in a shareholder’s holdings after the record date of the annual general meeting have no impact on the shareholder’s right to participate in the annual general meeting or their right to vote at the meeting. Holders of nominee registered shares are advised to consult with their asset managers without delay in order to receive instructions on how to register their shares in the temporary shareholders’ register, how to issue powers of attorney and how to register for the annual general meeting. The asset manager’s account management organisation will request the registration of any holders of nominee registered shares that wish to participate in the annual general meeting in the company’s temporary shareholders’ register by the deadline provided above. The asset manager’s account management organisation must ensure that advance votes are submitted on behalf of the holder of nominee registered shares by the registration deadline that applies to nominee registered shares. 5. Issuing counterproposals to proposed decisions and submitting questions in advance Shareholders that hold at least one hundredth of all the company's shares are entitled to submit a counterproposal that will be subjected to a vote with regard to any decision proposed on the agenda of the general meeting. Counterproposals must be submitted to the company by email at InvestorRelations@gofore.com by 4 pm on 8 March 2021 at the latest. Shareholders that submit a counterproposal must provide sufficient proof of their holdings in connection with the submission of their counterproposal. The counterproposal will be processed at the annual general meeting if the shareholder is entitled to participate in the annual general meeting and owns at least one hundredth of all the company’s shares on the record date of the annual general meeting. If the counterproposal is not accepted for consideration at the annual general meeting, the votes cast in favour of the counterproposal will be disregarded. The company will publish any counterproposals that will be subjected to a vote on the company's website at http://gofore.com/agm2021 at 2 pm on 9 March 2021 at the latest. Shareholders are entitled to request information on the matters that will be processed at the meeting pursuant to Chapter 5 Section 25 of the Finnish Limited Liability Companies Act by submitting their questions via digital registration or email to InvestorRelations@gofore.com or by mail to Gofore Plc at Kalevantie 2, 33100 Tampere by 2 pm on 12 March 2021. All questions must be submitted to the company by the aforementioned deadline. The questions submitted by the shareholders, the answers provided thereto by the company’s management and any counterproposals that have not qualified for a vote will be available on the company’s website at http://gofore.com/agm2021 by 4 pm on 17 March 2021 at the latest. Shareholders must provide sufficient proof of their holdings when submitting their questions. 6. Other instructions and information As of the date of this summons, Gofore Plc has altogether 14,036,927 shares, which entitle to an equal number of votes. Tampere, 5 March 2021 GOFORE PLCBoard of Directors Appendix 1: Remuneration Statement 2020Further enquiries:Timur Kärki, Chairman of the Board of Directors, Gofore Plc tel. +358 40 828 5886 timur.karki@gofore.com Certified Adviser: Evli Bank Plc, tel. +358 40 579 6210 Gofore Plc is a Finland-based digitalisation specialist with international growth plans. Together with our customers, we are pioneering an ethical digital world. We're made up of over 700 impact-driven people across Finland, Germany, Spain and Estonia – top experts in our industry who are our company's heart, brain, and hands. We use consulting, coding and design as tools to incite positive change. We care for our people, our customers, and the surrounding world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2020, our revenue amounted to EUR 78 million. Gofore Plc's shares are quoted in the Nasdaq First North Growth Market Finland. Learn more: www.gofore.com. Attachment Gofore Plc Remuneration Statement 2020

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  • BC Craft Supply Closes Definitive Agreement to acquire Ava Pathways

    VANCOUVER, British Columbia, March 05, 2021 (GLOBE NEWSWIRE) -- BC Craft Supply Co. Ltd. (the “Company” or “BC Craft”) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD1) announces that further to the news release issued on January 18, 2021, it has entered into a definitive agreement dated March 4, 2021 (the “Definitive Agreement”), to acquire 100% of the issued and outstanding shares of Ava Pathways Inc. (“Ava Pathways”), from arm’s length parties (the “Acquisition”). Based in Vancouver, BC, Ava Pathways is an innovative company that is exploring the therapeutic scientific benefits of proprietary formulations, using compounds from mushrooms. Ava Pathways was founded by scientists and researchers focused on neuroplasticity and alternative ways to treat common and debilitating medical conditions such as depression, anxiety, PTSD, and substance use disorder, through the use of psychedelic-based treatments. Similar to craft cannabis, both plant-based treatments require a cultivation supply network to create proprietary strains that produce optimal results for the patient or end-user. Ava Pathways brings exceptional access to tested and standardized naturally-derived and synthetic materials which allows for the production of superior psychoactive and non-psychoactive formulations. Terms of the Acquisition Under the terms the Definitive Agreement, BC Craft has acquired all of the ownership interests in Ava Pathways, and Ava Pathways has become a wholly owned subsidiary of BC Craft. As consideration, BC Craft has issued 41,000,000 units (“Units”) of the Company to the shareholders of Ava Pathways on a pro-rata basis, issued at a deemed value of $0.105 per Unit. Each Unit is comprised of one common share (each a “Share”) and one transferable common share purchase warrant (each a “Warrant”) that is exercisable to acquire one additional Share at a price of $0.14 for a period of two years. The Company relied on the take-over bid exemption under Section 2.16 of National Instrument 45-106 – Prospectus Exemptions to issue the Units. In this regard, the Units are not subject to a four month and one day hold period. Matthew Watters, CEO of BC Craft, stated, “We are thrilled to announce the closing of the Acquisition and look forward to integrating Ava Pathways’ team into a newly formed psychedelic division within BC Craft that will focus on research and development, clinical trials, and product formulation using psilocybin, the active compound found in psychedelic mushrooms. We are elated that BC Craft will explore innovative opportunities to commercialize its psychedelic assets as the legal framework evolves and enthusiastic to be at the forefront of an industry with the potential to benefit millions of people worldwide.” For further information please contact Matthew Watters, Director, at (604) 687-2038. About BC Craft Supply Co. Ltd. Based in Vancouver, British Columbia, BC Craft Supply Co. has aggregated the best legacy-era talent from Canada's craft cannabis industry, which boasts an international reputation. The team at BC Craft supports the most trusted cannabis cultivators in Canada to transition into their supply chain, bringing with them their unique cultivars and years of experience with the plant. In exchange for support with licensing, compliance and distribution, cultivators will sign on as a BC Craft supplier. This makes BC Craft uniquely positioned to be the premium cannabis brand in Canada. BC Craft’s subsidiary, Medcann Health Products Ltd., is a Health Canada licensed cultivator and processor with a license to sell medical cannabis products in Canada. Click here to connect with BC Craft Supply Co. on Instagram, Twitter, LinkedIn and Facebook, and click here to find more information on the Company. CONTACT Matthew Watters, DirectorPhone: 604-687-2038Email: mwatters@bccraftsupplyco.com Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management. This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking information in this press release includes statements relating to Ava Pathways ability to provide access to tested and standardized naturally-derived and synthetic materials for the production of superior psychoactive and non-psychoactive formulations and the emerging psychedelic space becoming legal and social acceptable from the broader population. Although the Company believes that the material factors, expectations and assumptions expressed in such forward- looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Accordingly, readers should not place undue reliance on forward-looking statements. BC Craft disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

  • Notice to Aktia Bank Plc’s Annual General Meeting 2021

    Aktia Bank Plc Stock Exchange Release 5 March 2021 at 9.00 am Notice to Aktia Bank Plc’s Annual General Meeting 2021 Notice is hereby given to Aktia Bank Plc’s shareholders that the Annual General Meeting will be held on 13 April 2021 at 4.00 pm at Aktia Bank Plc’s head office, Arkadiankatu 4–6 A in Helsinki. The Board of Directors of the company has decided on a special meeting procedure in accordance with the temporary legislation to limit the spread of the coronavirus pandemic. The company has decided on arranging the Annual General Meeting 2021 based on the prerequisites provided by the law in order to be able arrange the Annual General Meeting in a predictable way and to ensure the health and safety of the company’s shareholders, employees and other stakeholders. Shareholders of Aktia Bank Plc and their representatives can attend the Annual General Meeting and practice their rights as shareholders only by voting in advance and by making a counterproposal or asking questions in advance. It is not possible to attend the General Annual Meeting at the actual premises. Instructions to shareholders are available in this summons under the headline C. Instructions for the attendees of the Annual General Meeting and at www.aktia.com. All shareholders will be invited to watch the Annual General Meeting that starts at 16.00, during which the shareholders can follow the presentations of the Chairman of the Board and the CEO and after the Annual General Meeting there is a virtual Q&A session. Shareholders are asked to consider that questions that are asked during the Q&A session are not questions according to chapter 5, section 25 of the Finnish Limited Liability Companies Act. Questions according to chapter 5, section 25 of the Finnish Limited Liability Companies Act must be asked separately in advance. For further information on how to attend the virtual shareholder event and on how to ask questions in accordance with chapter 5, section 25 of the Finnish Limited Liability Companies Act, see heading C.4 Further instructions for the attendees of the Annual General Meeting. A. Matters on the agenda of the Annual General Meeting The agenda of the Annual General Meeting will be as follows: Opening of the meeting Calling the meeting to order Attorney-at-Law Mårten Knuts will act as Chairman of the Annual General Meeting. If Mårten Knuts due to weighty reasons is not able to act as Chairman, the Board of Directors will appoint a person that the Board of Directors considers to be best suited to act as Chairman. 3. Election of persons to scrutinize the minutes and to supervise the counting of votes General Counsel Ari Syrjäläinen will scrutinize the minutes and supervise the counting of votes. If Ari Syrjäläinen due to weighty reasons is not able to scrutinize the minutes and supervise the counting of votes, the Board of Directors will appoint a person that the Board of Directors considers to be best suited for scrutinizing the minutes and to supervise the counting of votes. Recording the legality of the meeting Recording the attendance at the meeting and adoption of the list of votes Shareholders considered present at the Annual General Meeting are shareholders who have voted in advance during the advance voting period and that according to chapter 5, sections 6 and 6b of the Finnish Limited Liability Companies Act are authorised to attend the Annual General Meeting. The voting list is confirmed based on information that Euroclear Finland Oy has handed to Innovatics Oy. 6. Presentation of the financial statements, consolidated financial statements, report by the Board of Directors and Auditor’s report for 2020 Because it is possible to attend the Annual General Meeting only in advance, the company’s financial statement and Annual Report, including the report by the Board of Directors and the Auditor’s Report, that the company will publish no later than 23 March 2021 and that thereafter are available on the company’s website www.aktia.com, are considered to have been put forward to the Annual General Meeting. CEO’s presentation. 7. Adoption of the financial statements and the consolidated financial statements The Board of Directors proposes that the Annual General Meeting will decide on confirming the financial statements. The company’s auditor has recommended confirming the financial statement. 8. Resolution on the use of the profit shown in the balance sheet and the payment of dividend Considering the recommendations issued by the authorities, the Board proposes that Aktia Bank Plc's Annual General Meeting authorises the Board to later decide on the payment of a maximum dividend of 0.43 euro per share for the financial year 2020, so that the payment may be carried out at one or more occasions. The authorisation would be in force until the Annual General Meeting 2022. The Board is also proposed to be authorised to decide on the record date and the date of payment of a possible dividend. Resolution on the discharge from liability of the members of the Board of Directors, the CEO and his deputy Aktia Bank Plc's Remuneration Report for 2020 The Board of Directors proposes to the Annual General Meeting that the Remuneration Report for the company’s governing bodies be confirmed. Because it is possible to attend the Annual General Meeting only in advance, the Remuneration Report for 2020 that the company will publish no later than 23 March 2021 and that thereafter is available on the company’s website www.aktia.com, is considered to have been put forward to the Annual General Meeting. 11. Resolution on remuneration for the members of the Board The Shareholders’ Nomination Board proposes that the remuneration for the Board of Directors for the term be determined as follows: • Chairman, EUR 64,300 (2020: EUR 64,300) • Deputy Chairman, EUR 43,000 (2020: EUR 36,400) • Member, EUR 35,000 (2020: EUR 28,500) In addition it is proposed that the Chairman of each Committee will further receive an annual remuneration of EUR 8,000. The proposed meeting remuneration for the Board and Committee meetings is EUR 500 per person and per attended meeting. Compensation for travel and accommodation expenses as well as a daily allowance is paid in line with the Finnish Tax Administration's guidelines. The Nomination Board proposes that 40% of the annual remuneration (gross amount) shall be paid to the members in the form of Aktia shares. The company will on account of the Board members acquire Aktia shares on the market to the price that is formed through public trading and the rest of the annual remuneration payable is paid in cash. The shares are acquired during a two-week time period from the time that the company’s interim report for 1 January 2021–31 March 2021 is disclosed or as soon as possible in accordance with applicable legislation. The company will be responsible for all expenses and the possible transfer tax for acquiring the shares. 12. Resolution on the number of members of the Board of Directors The Shareholders’ Nomination Board proposes that the number of members of the Board of Directors be decreased from nine and set at eight members. 13. Election of members of the Board of Directors The Shareholders’ Nomination Board proposes that of the current members of the Board of Directors, Johan Hammarén, Maria Jerhamre Engström, Harri Lauslahti, Olli-Petteri Lehtinen, Johannes Schulman, Lasse Svens and Arja Talma based on their consent, be re-elected for a term continuing up until the end of the next Annual General Meeting. For more information on the Board members proposed to be re-elected, please see the company’s website at www.aktia.com. The Shareholders’ Nomination Board also proposes that Timo Vättö be elected as new Board member for the same term, based on his consent. Further information on the new Board member proposed to be elected has been attached to this release and can be found closer to the Annual General Meeting on the company’s website www.aktia.com. All the proposed persons are independent in relation to the company according to the definition of the Corporate Governance Code. Only Timo Vättö is not independent of a significant shareholder since he is a member of the Board of Rettig Group Oy Ab, which is the largest owner of RG Partners Oy – the largest shareholder (10.16%) of Aktia Bank. All the proposed persons have informed that they intend, if they are elected, to re-elect Lasse Svens amongst them as Chairman of the Board of Directors and to elect Timo Vättö as Deputy Chairman. The Board members Christina Dahlblom and Kari A.J. Järvinen have informed that they will not be available for re-election. 14. Resolution on the auditor's remuneration The Board of Directors proposes, based on the recommendation of the Board of Directors' Audit Committee, that remuneration shall be paid to the auditor against the auditor’s reasonable invoice. 15. Determination of the number of auditors The Board of Directors proposes, based on the recommendation of the Board of Directors' Audit Committee, that the number of auditors shall be one (1). 16. Election of the auditor The Board of Directors proposes, based on the recommendation of the Board of Directors’ Audit Committee, that KPMG Oy Ab, a firm of authorised public accountants, shall be elected as auditor, with Marcus Tötterman, M.Sc. (Econ.), APA, as auditor-in-charge for a term of office beginning when the Annual General Meeting 2021 is closed and continuing up until the Annual General Meeting 2022 has ended. 17. Authorising the Board of Directors to decide on one or more issues of shares or special rights entitling to shares referred to in Chapter 10 of the Limited Liability Companies Act The Board of Directors proposes that the General Meeting authorises the Board of Directors to issue shares, or special rights entitling to shares referred to in Chapter 10 of the Limited Liability Companies Act, as follows: A maximum amount of 6,967,000 shares can be issued based on this authorisation, which corresponds to approximately 10% of all shares in the company. The Board of Directors is authorised to decide on all terms for issues of shares and of special rights entitling to shares. The authorisation concerns the issuance of new shares. Issues of shares or of special rights entitling to shares can be carried out in deviation from the shareholders' pre-emptive subscription right to the company’s shares (directed share issue). The Board of Directors has the right to use this authorisation, among other things, to strengthen the company's capital base, for the company's share-based incentive scheme, acquisitions and/or other corporate transactions. The authorisation is effective for 18 months from the resolution by the General Meeting and revokes the authorisation to issue shares given by the Annual General Meeting on 16 April 2020. 18. Authorising the Board of Directors to decide on acquisition of own shares The Board of Directors proposes that the General Meeting authorises the Board of Directors to decide on the acquisition of 500,000 shares at a maximum, corresponding to approximately 0.7% of the total number of shares in the company. The company's own shares may be acquired in one or several tranches using the unrestricted equity of the company. The company's own shares may be acquired at a price formed in public trading on the date of the acquisition, or at a price otherwise prevailing on the market. The company's own shares may be acquired in a proportion other than that of the shares held by the shareholders (directed acquisition). The company's own shares may be acquired to be used in the company's share-based incentive schemes and/or for the remuneration of the members of the Board of Directors, for further transfer or retention. The Board of Directors is authorised to decide on all additional terms concerning the acquisition of the company's own shares. The authorisation is effective for 18 months from the resolution by the General Meeting and revokes the authorisation to purchase the company's own shares given by the Annual General Meeting on 16 April 2020. 19. Authorising the Board of Directors to decide to divest the company’s own shares The Board of Directors proposes that the General Meeting authorises the Board of Directors to decide on divesting own shares held by the company, as follows: Based on the authorisation, a maximum of 500,000 shares may be divested. The Board of Directors is authorised to decide on all additional terms concerning the divestment of the company's own shares. The divestment of the company's own shares can be carried out in deviation from the shareholders’ pre-emptive subscription rights to shares in the company (directed share issue), e.g. for implementing the company's incentive programs and for remuneration. The authorisation is effective for 18 months from the resolution by the General Meeting and revokes the authorisation to divest the company's own shares given by the Annual General Meeting on 16 April 2020. 20. Resolution on the forfeit of the right to shares in the collective account and the rights the shares carry The Board of Directors proposes that the Annual General Meeting resolves, in accordance with Chapter 3 Section 14 a Sub-section 3 in the Finnish Limited Liability Companies Act, on that the right to a share incorporated in the book-entry system and the rights that the share carries have been forfeited for the shares in Aktia Bank Plc’s collective account. The Board of Directors proposes that the forfeiture in accordance with the Limited Liability Companies Act would concern those shares still in the company’s collective account and for which a request for registration to the book-entry account has not been put forward before the Annual General Meeting’s decision on the matter on 13 April 2021. The proposition concerns a maximum of 47,920 shares which on the day of this summons to the Annual General Meeting were registered on Aktia Bank Plc's collective account. The number of shares for which a request for registration has been put forward before the resolution from the Annual General Meeting and for which an exchange is performed at the latest on 13 April 2021 are deducted from the number of shares mentioned above. The Board of Directors of the company proposes that the forfeited shares will be used to implementing the company’s share incentive programme and remuneration. The shares that are now subject to forfeiture are the maximum 47,920 Aktia shares that are still in the company’s collective account. The shares were issued as a buffer in connection with the merger of Veritas Mutual Non-Life Insurance Company to Aktia Plc on 1 January 2009. Based on paid insurance premiums, the owner-customers of Veritas Mutual Non-Life Insurance Company received shares as a merger consideration. 21. Closing of the meeting B. Documents of the Annual General Meeting The proposals for the decisions on the matters on the agenda of the Annual General Meeting as well as this summons are available on Aktia Bank Plc’s website www.aktia.com. Aktia Bank Plc’s Annual Report including the company’s financial statements, the report by the Board of Directors and the Auditor’s Report as well as the Remuneration Report for 2020 will be available on the above-mentioned website on 23 March 2021, at the latest. Copies of the above-mentioned documents will be sent to shareholders on request. The minutes of the Annual General Meeting will be available on the website mentioned above on 27 April 2021, at the latest. C. Instructions for the attendees of the Annual General Meeting 1. Shareholders registered in the shareholders' register To limit the spread of the coronavirus pandemic, the Annual General Meeting will be arranged so that neither shareholders nor their representatives can attend the Annual General Meeting in person. Shareholders and their representatives cannot attend the meeting through a live broadcast in real-time with the help of technical tools. Shareholders and their representatives can attend the Annual General Meeting and practice their rights as shareholders only by voting in advance and by making a counterproposal or asking questions in advance in accordance with the instructions below. Shareholders that have registered their intention to attend the Annual General Meeting can watch the Annual General Meeting live online. Shareholders that are watching the Meeting in this way are not considered attendees of the Annual General Meeting and will therefore have no right to ask questions or vote at the Annual General Meeting. Shareholders are asked to note that the online broadcast is only arranged if it can be arranged so that all rules and recommendations in terms of the coronavirus pandemic issued by the authorities can be followed. Additional information about and instructions for watching the online broadcast are available on the company’s website www.aktia.com. Each shareholder, who is registered in the company’s register of shareholders maintained by Euroclear Finland Ltd on 30 March 2021, has the right to attend the Annual General Meeting. Shareholders whose shares are registered in their personal Finnish book-entry account are registered in the company’s register of shareholders. The registration to attend and advance voting will be initiated on 12 March 2021 at 10.00 a.m. when the time period assigned for submitting counterproposals that are subject for voting has ended. Shareholders who are registered in the company's register of shareholders and who wish to attend the Annual General Meeting by voting in advance must register their intention to attend and vote in advance by 4.00 p.m. on 6 April 2021, at the latest. When registering to attend, the requested information, such as the shareholder’s name, personal ID or business identity code, address, e-mail address and telephone number must be given. If a shareholder is authorising a representative, the requested information about the representative, such as name and personal ID must also be given. The personal details that shareholders give to Aktia Bank Plc, Innovatics Oy or another representative appointed by the company will only be used for purposes associated with the Annual General Meeting and processing the relevant registrations. Shareholders with a Finnish book-entry account can register and vote in advance on certain items of the agenda during 12 March–6 April 2021 as follows: a) through the company’s website www.aktia.com For electronic registration and advance voting, Finnish personal ID or business identity code as well as strong identification of the shareholders or their representatives with Finnish banking codes or a mobile certificate are needed. The terms and instructions for the electronic advance voting are available on the company’s website at www.aktia.com. b) by mail or e-mail Shareholders can send the advance voting form that as of 12 March 2021 is available on the company’s website www.aktia.com or corresponding information by mail to Innovatics Oy at the address Innovatics Oy, Annual General Meeting/Aktia Bank Plc, Ratamestarinkatu 13 A, 00520 Helsinki or by email to agm@innovatics.fi. If shareholders are attending the Annual General Meeting by sending votes in advance to Innovatics Oy by mail or email before the end of the registration or advance voting period, this is considered a registration to attend the Annual General Meeting, provided that the above-mentioned information needed to register is included. Representatives of shareholders, when returning an advance voting form, shall show a dated power of attorney or shall in some other reliable way be able to prove that they are entitled to represent the shareholder at the Annual General Meeting. Instructions for the advance voting are also available on the company’s website at www.aktia.com before the advance voting is initiated. More information is also available during the registration period by calling 010 2818 909 Monday–Friday at 9.00 am–12.00 pm and 1.00–4.00 pm. 2. Owners of nominee registered shares A holder of nominee registered shares has the right to attend the Annual General Meeting by virtue of such shares, based on which he/she on the record date of the Annual General Meeting 30 March 2021 would be entitled to be registered in the company's register of shareholders maintained by Euroclear Finland Ltd. Attendance also requires that the shareholder has been entered into the company's temporary register of shareholders, maintained by Euroclear Finland Ltd, on the basis of such shares by 8 April 2021 at 10.00 am at the latest. For nominee registered shares this also constitutes registration to the Annual General Meeting. Owners of nominee registered shares are advised in good time to request their custodian bank for the necessary instructions on being entered into the temporary register of shareholders, the granting of powers of attorney and registration for the Annual General Meeting. The account management organisation of the custodian bank registers a holder of nominee registered shares who wants to attend the Annual General Meeting into the company's temporary register of shareholders at the latest by the above-mentioned time. Additionally, the account management organisation of the custodian bank must see to that the advance voting takes place on behalf of the owners of nominee registered shares within the registration period for nominee registered shares. 3. Representatives and powers of attorney Shareholders may attend the Annual General Meeting and exercise their rights through a representative. Shareholders’ representatives need to present a dated power of attorney or in some other reliable way demonstrate their right to represent the shareholder at the Annual General Meeting. If a shareholder is represented by more than one representative at the General Meeting, each of whom represents the shareholder with shares by the shareholder in different book-entry accounts, the shares by which each representative represents the shareholder shall be identified in connection with the registration for the Annual General Meeting. A power of attorney model and instructions on voting are available on the company’s website at www.aktia.com on 12 March 2021 at the latest. Possible powers of attorney are primarily to be sent as an attachment to the registration to attend and the advance voting form or alternatively by email to agm@innovatics.fi or as an original by mail to the address Innovatics Oy, Annual General Meeting/Aktia Bank Plc, Ratamestarinkatu 13 A, 00520 Helsinki. The powers of attorney must be received by the addressee before the end of the registration period on 6 April at 4.00 p.m. The representatives of shareholders must register and vote in advance and can also leave counterproposals and ask questions in a way that are described in the summons. Sending a power of attorney and advance votes before the end of the registration and advance voting period are considered as a registration to the Meeting if all the above-mentioned information necessary for registration has been provided. Returning a power of attorney and advance votes to Innovatics Oy before the end of the time period for advance voting is considered a registration to attend the Annual General Meeting provided that the power of attorney and instructions on voting include the details mentioned under C.1. that are required for registration. 4. Further instructions for attendees of the Annual General Meeting A shareholder that owns at least one hundredth of all the shares in the company is entitled to give a counterproposal for all the proposals that have been presented on the agenda of the Annual General Meeting. Such counterproposals must be sent to the company by email to koncernjuridik@aktia.fi by 10 March 2021 at 4.00 pm. Shareholders that are putting forward a counterproposal must be able to show a report on their holding of shares when putting forward their counterproposal. A counterproposal is addressed at the Annual General Meeting only if the shareholder is entitled to attend the Annual General Meeting and if the shareholder on the record date for the Annual General Meeting owns at least one hundredth of all shares in the company. If a counterproposal is not addressed at the Annual General Meeting, the votes that have been given for the proposal are not considered. The company publishes possible counterproposals that are subject to voting on the company’s website www.aktia.com by 12 March 2021. Shareholders can ask questions about matters that are being considered at the Meeting in accordance with chapter 5, section 25 of the Finnish Limited Liability Companies Act up until 26 March 2021 by sending them by email to the address koncernjuridik@aktia.fi. Such questions from shareholders, the company’s management’s answers to them as well as other counterproposals than those put up to a vote are available on the company’s website at www.aktia.com on 31 March 2021 at the latest. The prerequisite to be able to ask questions and put forward a counterproposal is that shareholders can show an adequate statement on their ownership of shares. On the date of this summons to the Annual General Meeting, the total number of shares in Aktia Bank Plc is 69,674,173 shares, representing 69,674,173 votes. Helsinki, 5 March 2021 AKTIA BANK PLC BOARD OF DIRECTORS Further information: Lasse Svens, Chairman of the Board, tel. 020 786 1411 Mikko Ayub, CEO, tel. 010 247 6210 Distribution: Nasdaq Helsinki Ltd Central news media www.aktia.com Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 830 people around Finland. Aktia's assets under management (AuM) on 31 December 2020 amounted to EUR 10.4 billion, and the balance sheet total was EUR 10.6 billion. Aktia's shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com. Attachment 1. attachment

  • Eurocastle Releases Fourth Quarter and Year End 2020 Financial Results

    Contact: Oak Fund Services (Guernsey) LimitedCompany Administrator Attn: Mark WoodallTel: +44 1481 723450 Eurocastle Releases Fourth Quarter and Year End 2020 Financial Results ­­Guernsey, 5 March 2021 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) today has released its annual report for the year ended 31 December 2020. Adjusted Net Asset Value (“NAV”) of €16.7 million1, or €9.00 per share2 up €1.54 per share vs. €7.46 per share at Q3 2020 (up €0.68 per share vs. €8.32 per share at YE 2019) due to: Valuation movements: €0.20 per share, or 4%, increase in Q4 2020 (€1.03 per share3 decrease for the FY 2020) on the remaining three real estate fund investments.€0.02 per share, or 4%, increase in Q4 2020 (€0.05 per share increase for the FY 2020) on the remaining three NPL and other loan interests. Positive reserve and legacy movements of €1.32 per share in Q4 2020 (€1.66 per share increase for the FY 2020) IFRS NAV of €32.9 million, or €17.72 per share 2020 Capital Distribution of €1.0 million, or €0.54 per share declared on 4 March 2021 and to be paid on 30 March 2021 to shareholders of record at close of business on 11 March 2021 with an ex-dividend date of 10 March 2021. This distribution is being treated as a return of capital because there are no current year or carry-forward profits available at the Company. It will be reflected in the “Share Capital” column in the Statement of Changes in Equity in the Company’s financial statements. The tables below summarise the Adjusted NAV by segment: YE 2020 NAV YE 2019 NAV Q3 2020 NAV € million€ per share € million€ per share € million€ per shareReal Estate Funds 7.44.01 13.97.52 8.54.58Italian NPLs & Other Loans 1.20.67 1.20.67 1.20.67Net Corporate Cash4 8.04.32 0.30.13 4.12.21Adjusted NAV 16.79.00 15.48.32 13.87.46 The Company’s current assets comprise: Interests in two real estate redevelopment funds where construction is fully completed. The units are in the process of being sold but encountering delays due to the COVID-19 outbreak. Both developments offer luxury residential apartments with high specification furnishings in Rome. Interest in a public fund which is in the process of being liquidated and which recently declared its last expected material distribution of €0.4 million to be paid to Eurocastle on 10 March 2021. Residual minority interests in three predominantly secured NPL & Other Loan pools. Net corporate cash of €8.0 million, comprising corporate cash net of liabilities and additional reserves. 2020 BUSINESS HIGHLIGHTS Overview in light of COVID-19 The Company started 2020 having successfully executed on the first and largest part of its Realisation Plan by selling its NPL portfolio and tendering its stake in doValue, via a share for share tender. As part of this process the Company set aside Additional Reserves determined by the Board of Directors in order to take into account anticipated future costs and potential liabilities. These steps left the Company well capitalised and in a strong position to weather the extraordinary circumstances that have followed theoutbreak of COVID-19. During the year, the Company reviewed its underlying cash flow models and adjusted them accordingly by applying haircuts and extending out the cash flows of its remaining investments to take into account the anticipated impact of COVID-19, with the resultant impact reflected in the valuation of the Company’s assets at the end of YE 2020. Investment Realisations & Highlights COVID-19 has had an extraordinary impact across all sectors of the economy. The Company’s move to realise the majority of its assets in YE 2019 and its prudent management of cash reserves have left the Company well placed to maximize the value of its remaining assets. This has been evidenced in their performance during 2020 where the Company achieved the following milestones: During the year, the Company realised €4.7 million from its investments, of which €4.6 million came from its Real Estate Funds (~33% of YE 2019 NAV after asset specific reserves) and €0.1 million from its minority NPL and Other Loan holdings (~8% of YE 2019 NAV). RE Redevelopment Funds - REFI II & REFI V: Closed or collected offers under contract on 50% of the remaining real estate units available for sale as at 1 January 2020 in Real Estate Fund Investment II and 47% in Real Estate Fund Investment V, with a significant portion of this activity occurring in H2 2020, after the initial lockdown. Assuming that all these offers close, only 13% of units in one building in Real Estate Fund Investment II (with the second building already fully sold) and 33% of the units in Real Estate Fund Investment V will remain to be sold. The renewed interest in the apartments that was evidenced after the end of the first lockdown in Italy in May 2020 has continued, reflecting the pent-up demand in the market for quality, semi-central residential real estate in Rome. REFI I: Following the sale of all of the assets in Real Estate Fund Investment I in 2019, the Company received €2.2 million, or 89% of its YE 2019 NAV, during 2020. The fund is in the process of being liquidated with its last expected material distribution of €0.4 million to be paid to Eurocastle on 10 March 2021, €0.1 million above Eurocastle’s YE 2020 carrying value.Italian NPLs & Other Loans: The residual NPL & Other Loan interests, which are predominantly secured, have continued to generate cash proceeds, in spite of the turmoil created by COVID-19. During the year the pools generated and distributed €0.1 million, or ~8% of YE 2019 NAV. Legacy Realisations: The Company successfully negotiated the positive resolution of a claim relating to its legacy debt business. Given the uncertainty ascribed to the outcome of the claim, the Company did not attribute any value in its accounts other than reserving for its share of the associated costs. The Company received approximately €2.2 million and after taking into account costs previously reserved for, the net positive impact to Eurocastle’s Adjusted Net Asset Value is €2.3 million.Additional Reserves: The Company reduced its Additional Reserves (excluding asset specific reserves) from €18.7m to €16.2m during the financial year. €1.8m of this reduction relates to reserves being utilised, in line with anticipated costs, along with €0.7m of net reserve savings having been achieved in 2020. SUBSEQUENT EVENTS TO 31 DECEMBER 2020 The market turmoil and global distress caused by the COVID-19 pandemic has created a number of potentially attractive investment opportunities. In light of this and the Company’s parallel efforts to expedite the resolution of certain key reserves, the Board has decided to undertake a review of the Company’s strategic options, including use of available capital.The Company's current strategy was approved by shareholders as part of the Realisation Plan announced in November 2019. The Board presently anticipates that the outcome of the current review will be announced to shareholders during the second half of 2021. Income Statement for the Full Year and Fourth Quarter 2020FY 2020Q4 2020 € Thousands€ ThousandsPortfolio Returns Italian NPLs & Other Loans9933Real Estate Funds(2,233)371Fair value movement on Italian investments(2,134)404Fair value movements on residual Legacy entities2,5012,294Other income15-Gains on foreign currency translation 23Total gain3842,701 Operating Expenses Interest expense43- Manager base and incentive fees11137 Remaining operating expenses1,749316Other Operating expenses1,860353Total expenses1,903353 Net (loss) / profit for the period(1,519)2,348€ per share(0.82)1.27 Balance Sheet and Adjusted NAV Reconciliation as at 31 December 2020 Italian Investments € Thousands Corporate € ThousandsTotal € ThousandsAssets Cash and cash equivalents -25,34125,341Other assets -119119Investments: Italian NPLs & Other Loans 1,248-1,248 Real Estate Funds 7,435-7,435Total assets 8,68325,46034,143 Liabilities Trade and other payables -1,1701,170Manager base and incentive fees -140140Total liabilities -1,2741,274 IFRS NAV 8,68324,18632,869 Additional Reserves5 -(16,183)(16,183)Adjusted NAV 8,6838,00316,686Adjusted NAV (€ per share)6 4.684.329.00 NOTICE: This announcement contains inside information for the purposes of the Market Abuse Regulation 596/2014. ADDITIONAL INFORMATION For investment portfolio information, please refer to the Company’s most recent Financial Report, which is available on the Company’s website (www.eurocastleinv.com). ABOUT EUROCASTLE Eurocastle Investment Limited (“Eurocastle” or the “Company”) is a publicly traded closed-ended investment company, focused on Italian performing and non-performing loans, Italian loan servicing platforms and other real estate related assets in Italy. On 18 November 2019, the Company announced a plan to realise the majority of its assets with the aim of accelerating the return of value to shareholders. The Company will not currently seek material new investments from the proceeds of the realisation but will continue to support its existing investments to the extent required in order to optimise returns and distribute cash to shareholders when available (the “Realisation Plan”). For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com. FORWARD LOOKING STATEMENTS This release contains statements that constitute forward-looking statements. Such forward-looking statements may relate to, among other things, future commitments to sell real estate and achievement of disposal targets, availability of investment and divestment opportunities, timing or certainty of completion of acquisitions and disposals, the operating performance of our investments and financing needs. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may”, “will”, “should”, “potential”, “intend”, “expect”, “endeavor”, “seek”, “anticipate”, “estimate”, “overestimate”, “underestimate”, “believe”, “could”, “project”, “predict”, "project", “continue”, “plan”, “forecast” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe future plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. The Company’s ability to predict results or the actual effect of future plans or strategies is limited. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, its actual results and performance may differ materially from those set forth in the forward-looking statements. These forward-looking statements are subject to risks, uncertainties and other factors that may cause the Company’s actual results in future periods to differ materially from forecasted results or stated expectations including the risks regarding Eurocastle’s ability to declare dividends or achieve its targets regarding asset disposals or asset performance. 1 In light of the Realisation Plan announced in November 2019, the Adjusted NAV as at 31 December 2020 reflects additional reserves for future costs and potential liabilities, which have not been accounted for under the IFRS NAV. No commitments for these future costs and potential liabilities existed as at 31 December 2020. 2 Per share calculations for Eurocastle throughout this document are based on 1.9 million shares. 3 FY 2020 decrease of €1.03 per share, includes fair value decrease on real estate fund investments of €1.21 per share net of a release of additional asset specific reserves of €0.18 per share. 4 Reflects corporate cash net of liabilities and additional reserves. 5 In light of the Realisation Plan, the Adjusted NAV as at 31 December 2020 reflects the additional reserves for future costs and potential liabilities of €16.2 million which have not been accounted for under the IFRS NAV. 6 Amounts per share calculated on 1.9 million outstanding ordinary shares.