Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund for the six months of 2025. Challenges include difficulties in achieving a 90% occupancy target, with rates at 84.2% in Q2. The Fund plans to communicate adjusted strategic plans and measures for 2025. Leasing performance saw new leases for 9,250 sq. m. and prolongation of leases for 6,600 sq. m., with 30 new tenants attracted. Key events included the opening of a restaurant zone in Europa SC and signing a lease agreement with a sports facility operator. The Fund also extended its partnership with Latvian State Forestry, with plans to reduce leased area. Portfolio occupancy rate stood at 84.2%, with a primary focus on addressing upcoming vacancies. Weighted average unexpired lease term until the first break option increased to 3.5 years as of June 30, 2025. In 2025, the Fund aims to increase portfolio occupancy and decrease LTV by finding solutions to repay bonds. Baltic Horizon Fund achieves a 100% BREEAM certified portfolio and aims to receive a 4-star GRESB rating in 2025. Consolidated net rental income was EUR 6.1 million in H1 2025, with a net loss of EUR 891 thousand. The Fund’s portfolio consisted of 11 investment properties, with a GAV of EUR 238.8 million as of June 30, 2025. Interest-bearing loans and bonds amounted to EUR 135.7 million as of the same date. Operating cash flow in H1 2025 included EUR 2.7 million from core activities. The Fund’s financial position saw a decrease in NAV to EUR 97.1 million and GAV to EUR 238.8 million as of June 30, 2025. Direct property yield and net initial yield calculations were provided for portfolio properties. The Fund’s consolidated statement of profit and loss showed net rental income of EUR 3.1 million in Q2 2025. The consolidated statement of financial position outlined non-current assets, equity, and liabilities as of June 30, 2025. For more information, contact Tarmo Karotam, Baltic Horizon Fund manager at [email protected] or visit www.baltichorizon.com. Follow Baltic Horizon Fund on their website, LinkedIn, Facebook, X, and YouTube for updates. This announcement contains information disclosed pursuant to the EU Market Abuse Regulation and was submitted for publication on August 7, 2025.

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