During the period from 03.09.2018 until 07.09.2018, the following transactions have been made:

Date Amount of units bought back Average unit price, EUR Total cost, EUR
03.09.2018 5517 1,2750 7 034,18
04.09.2018 5826 1,2800 7 457,28
05.09.2018 5772 1,2750 7 359,30
06.09.2018 10134 1,2810 12 981,65
07.09.2018 10592 1,2710 13 462,43
Total 37 841 1,2763 48 294,84

As of the date of this announcement, Baltic Horizon Fund holds 113 486 own units.

All the acquisitions above have been made on Nasdaq Tallinn by SEB Pank AS, acting as a broker carrying out the buy-back program of the Fund units.

The buy-back program duration will be until 19.06.2019 in the course of which the Fund can acquire up to 5 million units for up to EUR 5 million for the price below the most recent NAV.

Additional information:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com

The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.

Distribution: Nasdaq Tallinn, Nasdaq Stockholm, GlobeNewswire, www.baltichorizon.com