On 19 June this year, at the Shareholders' Meeting of Latvenergo AS, the Audit Committee, consisting of Torben Pedersen, Svens Dinsdorfs, Marita Salgrāve, Renārs Degro and Kristaps Stepanovs, was elected for a three-year term of office.

Torben Pedersen, Svens Dinsdorfs and Marita Salgrāve are independent Members of the Audit Committee and had also worked in the previous composition of the Audit Committee, while Renārs Degro and Kristaps Stepanovs were Members of the Supervisory Board elected on June 19 this year.

Renārs Degro and Kristaps Stepanovs have submitted resignation letters, therefore, the Audit Committee of Latvenergo AS continues its operations with three members.

As we have informed earlier, at the moment, the Ministry of Economics has initiated a procedure for selection of new Supervisory Board members in order to appoint the new Supervisory Board in accordance with legal regulations and good corporate governance practice as soon as possible.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
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, electricity distribution services and lease of transmission system assets. 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 seven subsidiaries - Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.