The extraordinary shareholders’ meeting of JSC Attīstības finanšu institūcija Altum (hereinafter – ALTUM) was held on March 20, 2025, in the premises of ALTUM at Dome Square 4, Riga. Meeting was organized by using remote connection options.

The extraordinary shareholders' meeting discussed issues on (i)  the Election of the Head of the Internal Audit Division of JSC Attīstības finanšu institūcija Altum, (ii) the increase of the reserve capital and transfer of funding to reserve capital for the financing of study and student guarantee programme, (iii) the planned investment in the 5th generation venture capital funds, (iv) the operation of the Baltic Innovation Funds.

The extraordinary shareholders’meeting decided:

1. to elect the Head of the Internal Audit Division of JSC Attīstības finanšu institūcija Altum

2. to increase of the reserve capital and transfer of funding to reserve capital for the financing of study and student guarantee programme

3. to approve the planned investment in the 5th generation venture capital funds

4. to accept the information on operations of the Baltic Innovation Funds

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.