Kaarel Ots Named as the New Chairman of Nasdaq Tallinn

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News Desk 2018

Aug 4, 2016 at 4:15 AM

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, August 4, 2016 – Nasdaq (NDAQ) announces that the Supervisory Council of Nasdaq Tallinn elected Kaarel Ots as the member and chairman of the management Board of Nasdaq Tallinn. Mr. Ots’ first day at Nasdaq will be Monday, August 8. „We are glad to have Kaarel on board with us at Nasdaq,“ said Arminta Saladžienė, the Head of Nasdaq Baltic Market. „Kaarel brings with him extensive knowledge of the Baltic financial landscape, as well as a clear vision and passion to develop the capital market further. As the Chairman of Nasdaq Tallinn and member of the Baltic Management Team, Kaarel will be instrumental in our efforts of realizing the full potential of the Baltic exchanges.“ „The goal of the stock exchange is to be a high-quality and innovative marketplace where companies can raise capital and investors invest their money, therefore the most important task for us is to attract new companies and investors to the market to increase liquidity and trading activity,“ said Kaarel Ots. „The saying „simple is not easy“ applies well for boosting the market – and nobody questions its importance. The actions needed for developing the market are also known, but it takes time to get the results. I remain optimistic as the trend is positive: the recent new listings, the emergence of the new investment funds in the Baltics, and also an active start-up environment we’re seeing around us.“ Kaarel Ots has more than 15 years of experience in the financial services industry. He joins Nasdaq from Deloitte, where he served as the Head of Financial Advisory. Prior to Deloitte he worked for UniCredit bank, holding several positions there, including the Deputy Branch Manager and the Head of Corporate Banking. Mr. Ots has also served as the Member of the Management Board of FinanceEstonia since its inception in 2012. He has obtained a Master’s degree in corporate and investment banking from SDA Boccini School of Management in Italy. About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,741 listed companies with a market value of $9.3 trillion and over 18,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com . Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB, Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic Market represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius. Read more: nasdaqbaltic.com . Cautionary Note Regarding Forward-Looking Statements The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements. Media Relations Contact: Audronė Ranonytė +370 5 253 1475 audrone.ranonyte@nasdaq.com

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