The regular shareholders meeting of JSC “Development Finance Institution Altum” (hereinafter referred to as - Altum) was held on 20 April 2023 12.00 p.m.

The regular shareholders meeting made decisions on (i) approval of the annual report of JSC “Development Finance Institution Altum” for the year ended 31 December 2022, which has been prepared in the uniform electronic format in accordance with the requirements of ESEF RTS (European Single Electronic Format Regulatory Technical Standard), (ii) approval of JSC “Development Finance Institution Altum” profit of EUR 11 483 756.83 for the year 2022 and capitalizing it in full within Altum’s reserve capital, (iii) reclassification within JSC “Development Finance Institution Altum” reserve capital as well as (iv) amendments to the Altum’s Internal Audit Division’s action plan for the year 2023.

JSC Development Finance Institution Altum is a Latvian state-owned company providing enterprises and households access to financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and enhancing mobilization of the private capital and financial resources. On 16 December 2022 Moody’s Investors Service (Moody’s) affirmed the Company’s Baa1 long-term issuer rating, with outlook stable, same as affirmed on 25 March 2019. The baseline credit assessment (BCA) is also affirmed at Baa3, together with the short-term issuer rating at P-2. The assigned Moody’s rating of Altum is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.

         Laura Lapkovska
         AS Attīstības finanšu institūcija Altum Investors Relationships Division
         Tel.: +371 26165699
         E-mail: Laura.Lapkovska@altum.lv