On 24 November 2025, INDEXO launched a voluntary share buyback and share-exchange offer for AS DelfinGroup shareholders. The offer is open until 8 December 2025 at 15:30. According to INDEXO, the aim is to acquire a majority stake in DelfinGroup and develop synergies between the two financial groups.

The offer provides DelfinGroup shareholders with three alternatives

1. Exchange DelfinGroup shares for INDEXO shares
   Exchange ratio - 7.3 DelfinGroup shares → 1 INDEXO share
2. Sell DelfinGroup shares to INDEXO
   Fixed price - EUR 1.30 per share (as set out in the prospectus)
3. Retain existing DelfinGroup shares
   Shareholders may choose to make no changes.

INDEXO notes that deadlines may vary depending on the shareholder’s bank or broker.

How to submit your instruction

To exchange or sell shares, shareholders must submit an order through the internet bank where their securities account is held.

To subscribe for the new INDEXO share issue, an order must be placed for IPAS INDEXO new shares (ISIN: LV0000107860).

Full instructions: https://indexo.lv/investoriem/

Expected announcements

• INDEXO new share issue results - 8 December
• Voluntary buyback offer results - 10 December
• Settlement - 10-15 December

Online webinars for DelfinGroup shareholders

On 25 November, INDEXO will host online webinars in Latvian and English to explain the offer and present INDEXO’s Q3 2025 results.
The webinar will also feature Didzis Ādmīdiņš, Chair of the Management Board of DelfinGroup.

Registration:

LAT: https://indexo.lv/vebinars-202511/
ENG: https://indexo.lv/en/webinar-202511/

DelfinGroup will continue to keep shareholders informed about all significant updates related to this process.