On April 3, the Supervisory Board of Sadales tīkls AS, after evaluating the performance of the previous term, reappointed Kristīne Sarkane as a Board Member for another five-year term. Sarkane has been a member of Sadales tīkls AS Board since 2021, overseeing the company’s financial management and supply chain operations. The existing Board members — Chairman Sandis Jansons and Board Members Baiba Priedīte, Vīgants Radziņš, and Raimonds Skrebs — will continue in their roles.

The strategic goal of Sadales tīkls AS is to ensure a sustainable and economically viable electricity distribution service for society. To achieve this, one of the company’s priorities is securing funding for efficient grid development, including EU funds, as well as managing material and supply flows, enhancing operational efficiency, ensuring financial discipline, and maintaining transparent and justified tariffs for customers.

Sarkane brings 25 years of experience in financial management, having worked in large international and local financial, IT&T, and manufacturing companies.

Sadales tīkls AS is the largest electricity distribution system operator in Latvia, a subsidiary of Latvenergo AS. The company supplies electricity to more than one million customer sites and maintains the electricity network throughout Latvia with the total length of appr. 92,000 kilometers. Latvenergo AS is the sole shareholder of Sadales tīkls AS.

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 SIA (development of solar and wind parks), Krāslavas SES SIA (development of solar park), Laflora Energy SIA (development of wind park), DSE Aizpute Solar SIA (development of solar 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.