On February 3, the Shareholders' Meeting of Latvenergo AS approved Ilvija Grūba as a new member of the Audit Committee of Latvenergo AS.

On February 3, the Shareholders' Meeting of Latvenergo AS decided to approve four existing members of the Audit Committee - Torben Pedersen (independent committee member), Svens Dinsdorfs (independent committee member), Toms Siliņš (member of the Supervisory Board of Latvenergo AS), Gundars Ruža (member of the Supervisory Board of Latvenergo AS), as well as one new member of the committee - Ilvija Grūba (independent committee member) in the Audit Committee of Latvenergo AS for a term of three years from 3 February 2021.

Ilvija Grūba has extensive experience in compliance control, as she has held different positions in AstraZeneca, an international company, since 2012. I.Grūba has led global scale compliance projects, participated in and supervised the establishment of internal audit and compliance control systems, supervised data protection, led anti-corruption trainings and had experience as the chairperson of an audit committee. Currently, I.Grūba is a Compliance Assurance Lead at AstraZeneca and supervises Europe, Canada, Russia and Eurasia. I.Grūba has a Master degree in Social Sciences in Management from the University of Latvia, and a certificate of a Certified Internal Auditor (CIA) from the Institute of Internal Auditors (United States).

The new member of the Audit Committee has been selected through a competition. The changes to the Audit Committee are related to the resignation letter submitted by the former committee member Marita Salgrāve at the end of last year.

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 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.