On Friday, 14 October, the Latvian Corporate Governance Advisory Board awarded Latvenergo AS as the best in the category "Stakeholder Engagement Practitioner" for ensuring quality cooperation with stakeholders.

This is the second year that the Corporate Governance Award has been presented to companies. It recognises the best practices in Latvia and acknowledges companies' efforts to implement good governance standards and the Latvian Corporate Governance Code.

This year, the Corporate Governance Advisory Board awarded the prize in three nominations, and the award ceremony took place on 14 October, at the conclusion of the 20th anniversary conference of the Commercial Law, "An honest and careful manager in times of great turmoil".

Chief Financial Officer of Latvenergo AS Guntars Baļčūns: "Latvenergo AS has been purposefully moving towards the integration of sustainable business practices into its activities, aiming to improve environmental, social and corporate governance in line with best practice. Latvenergo sees itself as a sustainable and open company, which is unthinkable without comprehensive stakeholder engagement. All activities are carried out with the aim of building a better-managed company that is sustainable and attractive for cooperation for all Latvenergo Group stakeholders."

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), Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation) and Latvijas vēja parki SIA (development of wind parks in Latvia). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.