The extraordinary shareholder meeting of JSC Development Finance Institution Altum (hereinafter – ALTUM) was held on December 14, 2023, in the premises of the ALTUM at Dome Square 4, Riga. Meeting was organized by using remote connection options.

The extraordinary shareholders' meeting discussed issues on (i) the ALTUM’s operational plan and budget for year 2024, (ii) the expenditure budget of the Internal Audit Division for year 2024, (iii) the operational plan of the Internal Audit Division for year 2024, (iv) auditor of the ALTUM's financial statements for 2023, 2024 and 2025, (v) the increase of the reserve capital and transfer of funding to the special reserve capital for the housing support programme for the members of the National Armed Forces and (vi) regulations on increasing ALTUM's share capital and ALTUM's Statutes approved by the Cabinet of Ministers.

The following decisions were made in the extraordinary shareholder meeting:

1. to approve the ALTUM’s operational plan and budget for the year 2024,
2. to approve the expenditure budget of the Internal Audit Division for the year 2024,
3. to approve the operational plan of the Internal Audit Division for the year 2024,
4. to elect the limited liability company "PricewaterhouseCoopers" as the auditor of the ALTUM's financial statements for the years 2023, 2024 and 2025,
5. to increase the special reserve capital in the amount of EUR 0.18 million for the housing guarantees’ support programme for the members of the National Armed Forces,
6. to approve the regulations on increase of  ALTUM’s share capital and to take into account information on the Cabinet of Ministers' Order No. 871 on the ALTUM’s  Statutes as of December 12, 2023.

JSC Development Finance Institution Altum is a Latvian state-owned company providing enterprises and households access to financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and enhancing mobilization of the private capital and financial resources. On 16 December 2022 Moody’s Investors Service (Moody’s) affirmed the Company’s Baa1 long-term issuer rating, with outlook stable, same as affirmed on 25 March 2019. The baseline credit assessment (BCA) is also affirmed at Baa3, together with the short-term issuer rating at P-2. The assigned Moody’s rating of Altum is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.

         Laura Lapkovska
         AS Attīstības finanšu institūcija Altum Investors Relationships Division
         Tel.: +371 26165699
         E-mail: Laura.Lapkovska@altum.lv