International credit rating agency Moody's Investors Service has affirmed the green bond assessment of Latvenergo AS green bonds - GB1 (excellent), indicating to a well-defined organizational structure and decision making process for selecting eligible projects, as well as the comprehensive description of the projects included in the green bond report 2017.

For the first time the green bond assessment by Moody's was assigned to Latvenergo green bonds on 12 October 2016.  The series of 100 million euro bonds was issued in 2015 and 2016.

The capital attracted by issuing green bonds is allocated to a number of generation, transmission and distribution projects. The largest eligible Latvenergo projects are the Kurzeme Ring and the Daugava HPP hydropower unit modernisation programme. The report on allocation of proceeds received within the green bond issues is provided in the Latvenergo Group Sustainability and Annual Report 2017.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
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, 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.