Nasdaq Welcomes Citadele banka to Baltic Market

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, December 12, 2016 – Nasdaq (Nasdaq: NDAQ) announces that the subordinated bonds of AS Citadele banka (short name: CBL) will be listed on the Baltic Bond List by Nasdaq Riga as of December 15, 2016. Citadele banka is a Latvian bank with a presence across the Baltics. The size of Citadele banka bond issue is EUR 40 million. The nominal value of one bond is EUR 10,000. The annual interest rate is 6.25%, interest payments are made twice a year. Maturity date of the bond issue is December 6, 2026, and the issuer has the right to redeem the bonds after 5 years. “We welcome Citadele as the bond issuer to Nasdaq Riga where their bonds will enrich the Baltic Bond List offering”, says Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic and Head of Nasdaq Riga. “It is a great pleasure to see that the Baltic capital market serves as a fuel for the bank’s growth strategy across the Baltics.” “Listing on the Baltic securities market is an appreciation of our development to this point and our successful work in the financial sector,” says Guntis Beļavskis, Chairman of the Board at AS Citadele banka. “Demand for Citadele’s bonds was considerably higher than supply, which is a testament to investors’ interest in quality Baltic issuers. We will strengthen Citadele’s base capital with the funds we have raised and continue our growth strategy in Baltics. Placement also contributes to the development of the Latvian financial market by listing bonds on the regulated market and expanding investment opportunities.”

The bonds were acquired by more than 20 qualified investors across the three Baltic States. ABLV Bank acted as adviser to the bank concerning the program and underwriter. Law Office Eversheds Bitāns acted as the bank’s legal adviser. AS Citadele banka is the parent company of the Citadele Group. The core market of Citadele Group is the Baltic States – Latvia, Lithuania and Estonia. An international group of investors represented by Ripplewood Advisors LLC owns 75% plus one of Citadele Bank’s shares. The European Bank for Reconstruction and Development owns the remaining 25% minus one of the bank’s shares. For more information, please visit: cblgroup.com . 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 3,700 listed companies with a market value of $10.0 trillion and approximately 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