On 1st of July 2026, at the extraordinary shareholders’ meeting of IPAS “Indexo”, the following decisions were adopted:

I Company operational matters: 
1. Election of an auditor for 2026 
To elect the limited liability company "BDO ASSURANCE", registration number 42403042353, legal address Mihaila Tāla iela 1, Riga, LV-1045, as the Company's auditor for the audit of the annual accounts for 2026, according to the submitted offer.

Voting results: decision is taken with the required majority of votes.   

2. Determination of the remuneration of the auditor 
To determine the total remuneration of the auditor of the Company for the performance of the audit of the annual report for 2026 up to EUR 133,600 (one hundred thirty-three thousand six hundred euros), excluding VAT, plus the applicable VAT, and to instruct the Board of the Company to enter into an agreement with the elected auditor of the Company for the performance of the audit of the annual report for 2026, observing the specified remuneration limit.

Voting results: decision is taken with the required majority of votes. 

II Increase in the authorized capital of the Company: 
3. Issue of shares with the aim of promoting the involvement of Supervisory Board members.

To ensure that the members of the Company's Supervisory Board assume financial risk alongside the Company's shareholders, thereby promoting their engagement and strengthening long term alignment with shareholders' interests, to approve the proposed issuance of the Company's shares by way of a closed (private) offering, offering the newly appointed members of the Company's Supervisory Board the opportunity to acquire Company shares on the following terms (the “Special Share Issue”):

• Total number of newly issued shares: up to 100,000 (one hundred thousand) dematerialised shares of the Company, each having a nominal value of EUR 1.
• Subscription price per newly issued dematerialised share: EUR 10, consisting of the nominal value of EUR 1 (one euro) and a share premium of EUR 9 (nine euro).  
• Number of shares available for subscription by each Supervisory Board member: 50,000 shares. A Supervisory Board member may not acquire fewer than 1,000 shares.  
• Each Supervisory Board member undertakes, for a period of three (3) years from the date of appointment, not to sell, exercise any put option with respect to, or otherwise directly or indirectly transfer or dispose of any Company shares acquired under the Special Share Issue (the “Lock Up”).
• If, during the three (3) year period following appointment, a Supervisory Board member has not directly or indirectly sold, exercised any put option with respect to, or otherwise transferred or disposed of any Company shares acquired under the Special Share Issue, upon expiry of such three (3) year period the Company shall pay the Supervisory Board member compensation for the restriction on the right to dispose of the shares in the amount of 15% of the invested amount (i.e., the share subscription price), corresponding to 5% for each year. If a Supervisory Board member resigns or is removed from office for any reason before the expiry of the three (3) year period, no such compensation shall be paid. 
• The shares shall be issued pursuant to the authority granted to the Management Board under Section 3.6 of the Company's Articles of Association to increase the Company's share capital through the issuance of new Company shares. 

Voting results: decision is taken with the required majority of votes.   
 
III Decisions on relation to the administrative bodies of the company: 
4. Re-election of the Company’s Supervisory Board. 
1) Recall all current members of the Company’s Supervisory Board from office:  

1. Valdis Vancovičs;.  
2. Renāts Lokomets;
3. Svens Dinsdorfs;  
4. Mārtiņš Jaunarājs.

2) Approve the nomination of the following candidates for the positions of members of the Company’s Supervisory Board: 

1. Mārtiņš Jaunarājs is nominated as a candidate for the position of member of the Company’s Supervisory Board.
2. Svens Dinsdorfs is nominated as a candidate for the position of member of the Company’s Supervisory Board.
3. Druvis Mūrmanis is nominated as a candidate for the position of member of the Company’s Supervisory Board.
4. Madis Toomsalu is nominated as a candidate for the position of member of the Company’s Supervisory Board.
5. Jānis Pizičs is nominated as a candidate for the position of member of the Company’s Supervisory Board. 

3) Elect the following persons as members of the Company’s Supervisory Board for a term of five years, with the term of office commencing on 01 July 2026: 

1. Mārtiņš Jaunarājs is elected as a member of the Company’s Supervisory Board.
2. Svens Dinsdorfs is elected as a member of the Company’s Supervisory Board.
3. Druvis Mūrmanis is elected as a member of the Company’s Supervisory Board.
4. Madis Toomsalu is elected as a member of the Company’s Supervisory Board.
5. Jānis Pizičs is elected as a member of the Company’s Supervisory Board. 

Voting results: decisions are taken with the required majority of votes.   

5. Determination of the remuneration of the members of the Supervisory Board. 
 
To determine the monthly remuneration of the members of the Supervisory Board as follows: for the Chairman of the Supervisory Board – 1 750 EUR (one thousand seven hundred and fifty euros), for a member of the Supervisory Board who performs the duties of office both in the Company and in AS INDEXO Banka – 1 500 EUR (one thousand five hundred euros), and for a member of the Supervisory Board who performs the duties of office only in the Company – 2 500 EUR (two thousand five hundred euros). 
 
Voting results: decision is taken with the required majority of votes.   
 
6. Re-election of the Audit committee. 
1) Remove from office all existing members of the Company's Audit Committee: 

1. Svens Dinsdorfs;  
2. Renāts Lokomets;
3. Leo Ašmanis.  

2) To elect the following persons as members of the Company's Audit Committee for a period of three years, determining the beginning of the term of office on 01 July 2026: 

1. Svens Dinsdorfs is elected as a member of the Company's Audit Committee.
2. Zlata Elksniņa - Zaščirinska is elected as a member of the Company's Audit Committee.

Leo Ašmanis is elected as a member of the Company's Audit Committee.  
 
Voting results: decisions are taken with the required majority of votes.   
 
7. Determination of the remuneration of the members of the Audit committee. 
To determine the monthly remuneration of the members of the Audit committee as follows: for the chairman of the audit committee – EUR 750 (seven hundred and fifty euros), for the member of the Audit committee – EUR 250 (two hundred fifty euros).  
Voting results: decision is taken with the required majority of votes.   
 
Management Board   
of IPAS INDEXO  

About the INDEXO Financial Services Group 

INDEXO is a financial services group comprising the pension management companies IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds, INDEXO Asset Management IPAS (formerly VAIRO), as well as INDEXO Banka and DelfinGroup. 

The INDEXO Group's pension management companies offer modern 2nd and 3rd pillar pension plans in Latvia. More than 161 thousand customers entrust the Group with the management of their pension savings, totalling EUR 1.7 billion. 

INDEXO Banka, a credit institution licensed by the European Central Bank, currently serves more than 62 thousand customers, with total deposits of EUR 121 million and a loan portfolio of EUR 100 million. 

Founded and based in Latvia, INDEXO is listed on the Nasdaq Riga stock exchange with more than 8,000 shareholders and bondholders. The company's mission is to fight for a better financial environment in Latvia and to strengthen the well-being of Latvian residents by providing modern and personalised financial services. Further information is available at www.indexo.lv. 

DelfinGroup is a licensed Latvian fintech company founded in 2009 and currently operating in Latvia and Lithuania. The company operates under the Banknote and VIZIA brands. DelfinGroup has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer loans, pawn loans, and the sale of used, pre-owned and new goods in more than 80 branches across Latvia and online. Further information is available at www.delfingroup.lv.

Contact information:
Ieva Bauma
Head of Marketing and Communications at INDEXO
E: ieva.bauma@indexo.lv
T: +371 28 636 789