On 19 October 2026, BluOr Bank AS fully redeemed the notes issued under the “AS BlueOrange Bank ADDITIONAL TIER 1 TEMPORARY WRITE-DOWN NOTES ISSUE” (ISIN: LV0000802437) and repaid the principal amount to investors in accordance with the Terms and Conditions of the Issue.

The redemption took place on 19 October 2026, the first date on which the Bank was entitled to exercise its call option under the Terms and Conditions of the Issue (the “First Call Date”).

The Bank exercised its right under Clause 3.8.4, “Redemption at the option of the Issuer (Call)”, of the Terms and Conditions of the Issue to redeem all outstanding notes at its own discretion on the First Call Date. The redemption was carried out at the outstanding principal amount, together with any accrued interest payable in accordance with the Terms and Conditions of the Issue, where applicable.

Prior to exercising its call option, BluOr Bank AS obtained authorisation from Latvijas Banka (the Bank of Latvia) for the redemption of the notes, in accordance with the applicable prudential requirements and Clause 3.8.5 of the Terms and Conditions of the Issue.

Based on a review of publicly available information, the Bank is not aware of any other cases in which a credit institution registered in Latvia has fully redeemed an AT1 notes issue by exercising the issuer's call option. Accordingly, the redemption of BluOr Bank's AT1 notes on 19 October 2026 may represent the first transaction of its kind in Latvia and may also be regarded as a significant milestone in the development of the Latvian capital market.

The redemption of the notes on the first contractually scheduled Call Date demonstrates the Bank's approach to this AT1 issue: to exercise its contractual right to redeem the perpetual AT1 notes at the earliest opportunity, provided that all conditions stipulated by the applicable regulatory requirements and the Terms and Conditions of the Issue have been met and the necessary authorisation from the competent supervisory authority has been obtained.

BluOr Bank AS highly values the trust placed in the Bank by its investors and extends its sincere appreciation to the noteholders for their participation in this issue.

BluOr Bank – powering growth for both businesses and individuals

BluOr Bank AS is a privately owned commercial bank of Latvia. The Bank was established in 2001.We support business success through smart lending, account services, and e-commerce solutions — while helping individuals achieve financial well-being with personal accounts, mortgages, consumer loans, and wealth management. With BluOr Bank, you get more than just banking — you gain a partner committed to your growth.

Additional information: https://www.bluorbank.lv

For contacts:

Ingrīda Šmite

Head of the Corporate Communication and Marketing Department at BluOr Bank

Ph.: +371 67 034 257

pr@bluorbank.lv

ingrida.smite@bluorbank.lv

www.bluorbank.lv