Gundars Ruža, Member of the Supervisory Board of Latvenergo AS, has informed the Supervisory Board and the representative of the company’s shareholder – the Ministry of Economics – that as of 25 April 2026 he has decided to step down from his position as a Member of the Supervisory Board of Latvenergo AS, as well as to cease performing his duties as a member of the Audit Committee of Latvenergo AS, where he served as a representative of the Supervisory Board.

G. Ruža expresses satisfaction with the work accomplished during his term of office since June 2020 and notes that over these five years Latvenergo has developed into a mature, Baltic-level international Group with significant growth indicators. This year also marks the conclusion of Latvenergo’s five-year medium-term strategy period.

The Supervisory Board of Latvenergo AS will continue its work with the remaining four members until the Shareholders’ Meeting elects a new Supervisory Board member selected through a competitive process.

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, development of solar and wind parks in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas, development of solar and wind parks in Lithuania), Elektrum Next LT UAB (development of solar and wind parks in Lithuania), Elektrum Next SIA (development of solar and wind parks), Laflora Energy SIA (development of wind park), DSE Aizpute Solar SIA (development of solar park), Pienava wind SIA (development of wind park), Latvijas vēja parki SIA (development of wind parks), Telšiu vejo parkas, UAB (development of wind park in Lithiania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.