Latvenergo
Decisions of general meeting

Decisions of the Shareholder's Meeting of Latvenergo AS

Riga, 2025-01-17 15:00 CET -- On 16 January this year the Shareholder’s Meeting of Latvenergo AS was held, at which amendments to the Articles of Association of Latvenergo AS were approved: in order to strengthen corporate governance, the powers of the Supervisory Board of Latvenergo AS have been expanded with the obligation to supervise the development of the Group's structure. The amendments to the Articles of Association are related to the progress of the Group's targets regarding the development of new renewable energy capacities, which is being implemented, among other things, through the acquisition of capital companies. The new wording of the Articles of Association is available on the Latvenergo AS website in the section Investors / Corporate Governance / Governance Documents.

The meeting additionally reviewed the report of the Management Board of Latvenergo AS on the progress of the construction of DSE Aizpute Solar SIA solar power plant and Laflora Energy SIA wind power plant.

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. The decisions of the Shareholder's Meeting were adopted unanimously.

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, development of solar and wind parks in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas, development of solar and wind parks in Lithuania), Elektrum Next SIA (development of solar and wind parks), Krāslavas SES SIA (development of solar park), Laflora Energy SIA (development of wind park), DSE Aizpute Solar SIA (development of solar park), Latvijas vēja parki SIA (development of wind parks), Telšiu vejo parkas, UAB (development of wind park in Lithiania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.