Auction of Claim Rights GGF2

The insolvency administrator of the insolvent credit institution Baltic International Bank SE, registration No. 40003127883 (the "Credit Institution"), Linda Sniega-Svilāne, hereby announces that, within the insolvency proceedings of the Credit Institution, the first auction with ascending bids is being held for the sale of the Credit Institution's claim rights against Green Growth Fund 2 GmbH & Co. KG ("GGF2") in the amount of EUR 629,110.14.

The claim rights arise from the Credit Institution's participation in GGF2 and its investment in the fund in the total amount of EUR 3,784,269.93.

The legal basis, amount and substance of the claim rights derive from:

• the Subscription Agreement dated 24 October 2016 regarding the Credit Institution's accession to GGF2, approved by the manager of GGF2 on 16 November 2016; and
• the Partnership Agreement governing the operation of GGF2, dated 27 October 2016 and amended on 30 November 2020.

Pursuant to the Subscription Agreement, the Credit Institution undertook to comply with the provisions of the Partnership Agreement.

According to the notification issued by Wermuth Investment Management GmbH on 27 July 2022, the Credit Institution was designated as a Final Defaulting Investment Partner, and compensation in the amount of EUR 629,110.14 was calculated in favour of the Credit Institution.

The opening bid for the auction of the claim rights is EUR 471,850.00.

The bid increment is EUR 5,000.00.

The auction shall commence on 16 June 2026 at 13:00 and shall close on 16 July 2026 at 13:00.

The sale price of the claim rights is not subject to Value Added Tax (VAT).

Any person wishing to participate in the auction must, no later than 6 July 2026 (inclusive):

• pay a security deposit of EUR 47,185.00 to the following account:
  BluOr Bank AS
  Account No.: LV77CBBR1130131400060
  SWIFT: CBBRLV22
  Beneficiary: Baltic International Bank SE
  Registration No.: 40003127883

              and

• submit, through the Electronic Auction Platform, a request to the Administrator for authorisation to participate in the auction.

The successful bidder shall pay the full purchase price, less the security deposit already paid, within two business days following the close of the auction.

Upon the request of the successful bidder, the Administrator may postpone payment of the full purchase price for a period of up to seven days.

By registering for the auction, each participant confirms that they have familiarised themselves with the auction rules, including all annexes thereto, and acknowledge the circumstances specified in the auction rules under which the security deposit may be forfeited or the participant may lose the rights acquired through the auction, including the right to purchase the claim rights.

The claim rights are sold in the legal and factual condition existing on the date of the auction, without any representations or warranties by the Credit Institution regarding the recoverability, enforceability or actual collectability of the claim.

Additional information regarding the claim rights and the supporting documentation may be obtained upon execution of a confidentiality agreement, by prior arrangement regarding the signing procedure, by calling +371 67000444 or by e-mail at info@bib.eu.

Information regarding the auction procedure and the requirements for registration and participation in the bidding process is available at: https://izsoles.ta.gov.lv

The auction is conducted in accordance with the auction rules approved by the Administrator.