Notice on Early Redemption of Subordinated Bonds of the € 40,000,000 First Unsecured Subordinated Bonds Programme of AS “Citadele banka” (ISIN Code LV0000802221)

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AS Citadele banka (Citadele) has issued 4000 subordinated bonds (LV0000802221 - EUR 6.25 CITADELE BANKA 10 YR SUB BOND 16-2026) in 2016 under the € 40,000,000 First Unsecured Subordinated Bonds Programme which are listed on the Baltic Bond List of AS Nasdaq Riga.

Pursuant to Section 10.12. of the Base Prospectus of the above-mentioned programme Citadele has right to redeem the Bonds for their nominal value prematurely. In order to maintain effective Citadele Group’s Tier 2 capital management, the Management Board of Citadele has decided to exercise such early redemption right after 6 December 2021, subject to obtaining all necessary approvals.

The exact Early Redemption Date within the meaning of the Base Prospectus and other early redemption details will be specified and announced in due course.

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