According to the Shareholder's Meeting decision, Elektrum Lietuva UAB has a three-member board, which will ensure the implementation of the company's development strategy. The Board will be chaired by Martynas Giga, Head of Elektrum Lietuva. Martynas Giga will lead the new board and carry the responsibility for strategic investment projects, business development, and corporate clients. Another member of the Board of Elektrum Lietuva UAB will be Andrius Bičkauskas, the company's Chief Financial Officer, who will be in charge of financial management, investments and financing. Neringa Petrauskienė, the company's head of marketing and product development, will also serve on the board, overseeing the company's retail business - improving the customer experience, sales, product development and marketing.

The Shareholder's Meeting of Elektrum Lietuva UAB also decided to increase the share capital of Elektrum Lietuva UAB by 502 186 EUR. After the increase, the share capital of Elektum Lietuva UAB will constitute 600 650 EUR.

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.