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- Interim Report January – March 2021 Summary of Results Q1 2021 in comparison with Q4 2020 Net profit EUR 11.4 m ( EUR 18.0 m ) , of which EUR11.0 m ( EUR 17.8 m ) is attributable to owners of the parent Earnings per share EUR 0.38 ( EUR 0.62 ) Profit by quarters 7.5 3.6 • Net income EUR 28.6 m ( EUR 35.4 m ) • 10.8 18.0 11.4 Operating expenses EUR 13.8 m ( EUR 11.4 m ) Loan provisions EUR 1.6 m ( EUR 2.24 m ) Income tax expenses EUR 1.99 m ( EUR 3.74 m ) 1Q 2020 2Q 3Q 2020 2020 4Q 2020 1Q 2021 Basic earnings per share • Return on equity 18.5 % ( 31.3 % ) Capital adequacy 19.13 % ( 20.50 % ) Q1 2021 in comparison with Q1 2020 Net profit EUR 11.4 m ( EUR 7.5 m ) , of which EUR 11.0 m ( EUR 7.1 m ) is attributable to owners of the parent • Earnings per share EUR 0.38 ( EUR 0.25 ) • Net income EUR 28.6 m ( EUR 22.4 m ) • Operating expenses EUR 13.8 m ( EUR 11.2 m ) • Loan provisions EUR 1.6 m ( EUR 1.01 m ) Income tax expenses EUR 1.99 m ( EUR 2.81 m ) • Return on equity 18.5 % ( 14.0 % ) Capital adequacy 19.13 % ( 18.0 % ) 0.20 0.10 0.35 0.62 0.38 1Q 2020 2Q 2020 2020 3Q 4Q 1Q 2020 2021 Capital adequacy 20.0 20.5 18.0 18.6 19.1 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Return on equity 31.3 14.0 Earnings per share and return on equity ratios are based on the profit attributed to the shareholders and equity of AS LHV Group and do not include non - controlling interest . 5.7 AS LHV GROUP TARTU MNT 2 , 10145 TALLINN 6 802 670 INFO@LHV.EE LHV.EE 18.9 18.5 1Q 2Q 4Q 1Q 2020 2020 2020 2020 2021 3Q 1/39 LHV