Martynas Giga, the current Chairman of the Management Board of Elektrum Lietuva UAB, is stepping down after ten years of service, to be replaced by the former Management Board Member, Neringa Petrauskiene. Martynas has received a new offer and intends to pursue his professional career in another non-energy-related sector.

Under the management of M. Gigas, Elektrum Lietuva has achieved significant growth rates in the areas of trading, renewable energy sources and the development of the electric vehicle charging network, becoming the fastest-growing player in the Baltic energy sector. Elektrum Lietuva has grown into a company that several of the largest public and commercial companies of Lithuania work with, providing services used by more than 200,000 customers in Lithuania.

Neringa Petrauskiene, who has been a Member of the Management Board of Elektrum Lietuva in charge of sales, takes over the role of Chairman of the Management Board of Elektrum Lietuva.

Elektrum Lietuva UAB is a 100% owned subsidiary of Latvenergo AS, operating in the trade of electricity and natural gas in Lithuania.

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.