Today the Shareholders’ Meeting of AS Sadales tīkls reviewed a resignation letter from Rolands Lūsveris and passed a decision to recall him from the duties of a Member of the Management Board. R. Lūsveris responsibilities covered the development of the company, including the management of the electricity connection process.

Sadales tīkls AS is the largest distribution system operator in Latvia, which operates independently and distributes electricity to more than one million customer sites, with its service covering 99% of the territory of Latvia. The company ensures the operation, renewal and scheduled development of electricity distribution networks, supervision of electricity consumption, loss reduction measures and electricity tracking, as well as formation of new connections. Sadales tīkls AS is supervised by the Shareholders' Meeting, whose interests are represented by Latvenergo AS as the Shareholder of AS Sadales tīkls.

Additional information:

Inese Vilciņa
Financing and Investor Relations Manager
Phone: +371 67 728 767
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is the largest pan-Baltic power supply utility operating in electricity and thermal energy generation and trade, natural gas trade, electricity distribution services and lease of transmission system assets. 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 seven subsidiaries - Latvijas elektriskie tīkli AS (lease of transmission system assets), 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) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.