The regular shareholder meeting of JSC Development Finance Institution Altum (hereinafter – ALTUM) was held on April 30, 2025, in the premises of ALTUM at Dome Square 4, Riga. Meeting was organized by using remote connection options.

The regular shareholders' meeting discussed issues on (i) ALTUM’s annual report for the year ended 31 December 2024, which has been prepared in accordance with IFRS Accounting Standards as adopted by the European Union and in the uniform electronic format in accordance with the requirements of ESEF RTS (European Single Electronic Format Regulatory Technical Standard), (ii) the distribution of profit for the year end 2024 of JSC Attīstības finanšu institūcija Altum, (iii) the reserve capital of JSC Attīstības finanšu institūcija Altum, (iv) report for the year 2024 of the Internal Audit Division of JSC Attīstības finanšu institūcija Altum, (v) the decrease of the special reserve capital for loan programme for mitigating the consequences of the Russian Federation's military aggression against Ukraine, (vi) permission to a member of the Supervisory Board to combine corporate positions.

The following decisions were made in the regular shareholder meeting:

1. to approve ALTUM’s annual report for the year ended 31 December 2024, which has been prepared in accordance with IFRS Accounting Standards as adopted by the European Union and in the uniform electronic format in accordance with the requirements of ESEF RTS (European Single Electronic Format Regulatory Technical Standard),
2. to approve ALTUM’s profit of EUR 28 662 996,21 for the year 2024 and capitalizing it in full within ALTUM’s reserve capital,
3. to approve reclassification within ALTUM’s reserve capital,
4. to accept report for the year 2024 of the Internal Audit Division of JSC Attīstības finanšu institūcija Altum,
5. to decrease the special reserve capital for loan programme for mitigating the consequences of the Russian Federation's military aggression against Ukraine,
6. to allow member of ALTUM’s Supervisory Board Krišjānis Znotiņš to combine corporate positions;
7. to approve Owners’ letter of expectations.

JSC Attīstības finanšu institūcija Altum (JSC Development Finance Institution Altum) is a Latvian state-owned company that ensures access of the enterprises and households to the 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 28 January 2025 Moody’s Ratings affirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The rating as well as the short-term issuer rating at P-2, the same as affirmed on 2 February 2024. ALTUM is rated by Moody’s Finance Companies Methodology, published in July 2024. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.