Latvenergo AS hereby informs that on 16 November 2017 at the offices of Latvenergo AS, at the address Pulkveža Brieža iela 12, Riga, LV-1230, Latvia, simultaneously meetings of:  

(1) the noteholders of EUR 70,000,000 Notes due 2017 (ISIN code: LV0000801090) and EUR 35,000,000 Notes due 2020 (ISIN code: LV0000801165) issued under Latvenergo AS LVL 85,000,000 (or equivalent in EUR) programme for the issuance of Notes (the “Noteholders’ Meeting of First Programme”); and

(2) the noteholders of EUR 100,000,000 Notes due 2022 (ISIN code: LV0000801777) issued under Latvenergo AS Second programme for the issuance of Notes in the amount of EUR 100,000,000 (the “Noteholders’ Meeting of Second Programme”);

were held.

The Noteholders holding the notes of Latvenergo AS with ISIN codes LV0000801090 and LV0000801165 at the Noteholders’ Meeting of First Programme passed a resolution pursuant to which the noteholders agreed to amend the General Terms and Conditions of the Notes set forth in the base prospectus of Latvenergo AS LVL 85,000,000 (or equivalent in EUR) programme for the issuance of Notes dated 23 November 2012 and to approve the General Terms and Conditions of the Notes in a new wording. Noteholders holding the Notes in the aggregate principal amount of EUR 75,324,000 voted for amendments to the General Terms and Conditions of the Notes. No Noteholders voted against the amendments.

An excerpt from the meeting minutes of the Noteholders’ Meeting of First Programme, agreed amendments to the General Terms and Conditions of the Notes and the new wording of the General Terms and Conditions of the Notes are attached hereto. The noteholders may get acquainted with the full text of the meeting minutes of the Noteholders’ Meeting of First Programme at the offices of Latvenergo AS at Pulkveža Brieža iela 12, Riga, LV-1230, Latvia, on business days within the limits of business hours of Latvenergo AS upon request.

The Noteholders holding the notes of Latvenergo AS with ISIN code LV0000801777 at the Noteholders’ Meeting of Second Programme passed a resolution pursuant to which the noteholders agreed to amend the General Terms and Conditions of the Notes set forth in the base prospectus of Latvenergo AS Second programme for the issuance of Notes in the amount of EUR 100,000,000 dated 25 May 2015 and to approve the General Terms and Conditions of the Notes in a new wording. Noteholders holding the Notes in the aggregate principal amount of EUR 73,273,000 voted for amendments to the General Terms and Conditions of the Notes. No noteholders voted against the amendments.

An excerpt from the meeting minutes of the Noteholders’ Meeting of Second Programme, agreed amendments to the General Terms and Conditions of the Notes and the new wording of the General Terms and Conditions of the Notes are attached hereto. The noteholders may get acquainted with the full text of the meeting minutes of the Noteholders’ Meeting of Second Programme at the offices of Latvenergo AS at Pulkveža Brieža iela 12, Riga, LV-1230, Latvia, on business days within the limits of business hours of Latvenergo AS upon request.

Amendments to the General Terms and Conditions of the Notes set forth in both base prospectuses shall come into force upon approval at the shareholders’ meeting of Latvenergo AS to be convened by the end of November 2017.

Additional information:

Jānis Irbe
Group Treasurer
Phone: +371 67 728 239

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.