The Supervisory Board of Coop Pank AS elected Mr. Paavo Truu as the new Member of the Management Board. Paavo Truu´s term of office as a Member of the Management Board commences on 16 February 2022 and is effective until 15 February 2025. In connection with the election of Paavo Truu as a Member of the Management Board of Coop Pank AS and a Member of the Supervisory Boards of subsidiaries, Paavo Truu will be recalled as the Chairman of the Audit Committee of Coop Pank as of 16 February 2022. Paavo Truu worked from 2018 until February 2022 as a Member of the Management Board and Chief Financial Officer of Coop Eesti Keskühistu. Since February 2019, Paavo Truu has been a Member of the Audit Committee of Coop Pank and since March 2019, the Chairman of the Audit Committee.