This morning, during the interview for LNT (television company in Latvia), the Minister of Economics R.Nemiro has announced that the Supervisory Board of Latvenergo AS that was elected on 19.06.2019 has informed him on their decision to resign. R.Nemiro also announced that the tender procedure for the selection of a new Supervisory Board is being developed and that the tender could potentially last for couple of months.

On 19 June 2019 five members were elected in the Supervisory Board of Latvenergo AS: Pāvels Rebenoks, Kristaps Stepanovs, Inese Kublicka, Renārs Degro and Artūrs Šnoriņš.

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.