Latvenergo AS for the third time has won the award for the best investor relations among all bond issuers on the Nasdaq Baltic regulated markets in the Baltic countries. Since 2012, the bonds have been issued with consistently high investor valuations.

The green bonds issued by Latvenergo are an investment in sustainability and growth as the Group embarks on new and ambitious renewable energy projects. Transparent, detailed and timely information on all aspects of the company's operations is Latvenergo's assurance to investors of best corporate practice, both in its current relations and as a benchmark for future growth.

Guntars Balčūns, Member of the Management Board of Latvenergo AS: “With the new operational strategy, our company is now entering a very ambitious and challenging period characterised by the keyword growth. During the implementation of the strategy, Latvenergo Group must become a leading provider of sustainable solutions in the energy sector. This path means investing heavily in renewable energy plants, and this is the path we are taking together with our investors. We are committed to making a significant contribution to Latvia's green goals by expanding and diversifying our generation portfolio with advanced green technologies, developing large capacity wind farms, reconstructing our hydropower plants, reducing the country's energy dependence and moving towards pan-European climate neutrality, and Latvenergo Group will continue to raise funds on the capital markets for this purpose.

The Latvenergo team has a strong commitment to sustainability, because the benefits of working together as a team are for our society, security and country – values that take on new meaning in the shadow of the war in Ukraine. So once again, thank you for your appreciation and trust.”

The award is presented every second year as part of the Nasdaq Baltic Awards ceremony which celebrate outstanding achievements by Nasdaq Baltic-listed companies in the areas of transparency, sound corporate governance and investor relations.

Previously Latvenergo has received the award for Best Investor Relations in 2021.

Latvenergo AS started issuing bonds at the end of 2012, issuing green bonds for the first time in 2015. The issuance of the green bonds demonstrates the sustainability of the Group's operations and Latvenergo's generation portfolio is one of the greenest in Europe, with a significantly lower CO2 emissions intensity than the sector average.

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.