On 22^nd of August 2023, IPAS “Indexo” received notifications regarding transactions with shares of IPAS "Indexo" from persons discharging managerial responsibilities.

On 22^nd of August 2023, Valdis Siksnis, chairman of the IPAS "Indexo" Board, and Henrik Karmo, member of the IPAS "Indexo" Board, have exercised their IPAS "Indexo" share options. After the increase of IPAS "Indexo" share capital, the newly issued shares of IPAS "Indexo" will be owned by the mentioned persons. In accordance with the option agreement and the INDEXO Staff Option Program 2022, in order for Valdis Siksnis and Henriks Karmo to sell the acquired shares, the below mentioned conditions must be met.

In accordance with the share option agreement, the owners of the shares undertake not to exercise their rights arising from the ownership of such shares, including selling those shares, until the target date, which will be within 4 months after the publication of IPAS "Indexo" 2026 financial statements (hereinafter – the Target date).

The INDEXO Staff Option Program 2022 approved at the annual General Shareholder’s Meetings of IPAS "Indexo on 24^th of March 2022 and on 30st of March 2023, provides that the owners of the shares can materially benefit in proportion to the number of shares allocated to them only if the market value of the IPAS "Indexo" shares on Target date exceeds the price of EUR 16.51 per share. However, the owners of share will materially benefit from all the shares allocated to them and will be able to fully exercise the rights arising from ownership of such shares, if on the Target date the market price of the shares exceeds the price of EUR 27.48 per share. IPAS "Indexo" share owners in turn incur losses, that are equivalent to the losses of other shareholders, if the market value of the IPAS "Indexo" share on the Target date is less than the price of the initial public offering of IPAS "Indexo" shares in 2022, that is EUR 14 per share.

Detailed information and the INDEXO Staff Option Program 2022 can be found in the attached documents.

The buyer is deemed an insider under EU legal acts and local securities law.

About INDEXO  

INDEXO is an asset management company licensed by the Bank of Latvia, which offers modern 2nd and 3rd pillar pension saving plans in Latvia. INDEXO is the fastest growing pension management company in Latvia with more than 117 thousand customers and more than EUR 780 million in assets under management.

INDEXO was established in 2017 by a group of 30 experienced business representatives and managers with an aim to fight for a better financial environment in Latvia. INDEXO vision is to become a financial services group, offering modern and customized services that empower Latvian people to take care of their financial wellbeing.

More information available at www.indexo.lv

         Contact information:
         Ieva Bauma
         IPAS “Indexo”
         Board Member, Marketing Manager
         E-mail: ieva.bauma@indexo.lv
         Telephone: + 371 28 636 789