The extraordinary shareholder meeting of JSC Development Finance Institution Altum (hereinafter – ALTUM) was held on November 13th, 2023, in the premises of the ALTUM at Dome Square 4, Riga. Meeting was organized by using remote connection options.

The extraordinary shareholders' meeting discussed issues on (i) granting support through the Private Home Energy Efficiency Program (part of the Cabinet of Ministers Regulations Nr. 103 of February 11, 2021) to a person associated with the Company and (ii) assessment the results of JSC “Development Financial Institution Altum” for 2022.

The following decisions were made in the extraordinary shareholder meeting:

1. To support granting support through the Private Home Energy Efficiency Program (part of the Cabinet of Ministers Regulations Nr. 103 of February 11, 2021) to a person associated with the Company

2. To assess the results of JSC “Development Financial Institution Altum” for 2022 as “very good”

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