On 1 February this year, a Shareholder’s Meeting of Latvenergo AS was held, where Torben Pedersen (independent committee member), Svens Dinsdorfs (independent committee member), Ilvija Grūba (independent committee member), Toms Siliņš (member of the Supervisory Board of Latvenergo AS) and Gundars Ruža (member of the Supervisory Board of Latvenergo AS) were re-elected as members of the Audit Committee of Latvenergo AS for a term of three years from 3 February 2024. The election of the Audit Committee is related to the end of the previous term on 2 February this year. The Shareholders' Meeting also approved the Articles of Association of Latvenergo AS in a new wording, making changes to the Articles of Association to comply with the provisions of the Commercial Law on specifying the types of shares (wording for "registered" shares was specified and the clause was deleted, which provided that Latvenergo AS has also "dematerialized" shares).

The holder of all Latvenergo AS capital shares is the Ministry of Economics of the Republic of Latvia, whose interests at the Shareholder's Meeting are represented by the State Secretary of the Ministry of Economics or by his authorized representative.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process), Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation) and Latvijas vēja parki SIA (development of wind parks in Latvia). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.