Announcements

NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED IN OR RESIDENT IN SUCH COUNTRIES OR JURISDICTIONS IN WHICH IT WOULD BE UNLAWFUL OR REQUIRE MEASURES OTHER THAN THOSE REQUIRED UNDER LATVIAN LAWS, INCLUDING THE UNITED STATES, AUSTRALIA, JAPAN, CANADA, HONG KONG, SINGAPORE, RUSSIAN FEDERATION AND REPUBLIC OF BELARUS. THIS ANNOUNCEMENT IS ALSO NOT ADDRESSED TO RETAIL INVESTORS IN THE EUROPEAN ECONOMIC AREA.

On 5 May 2022 Latvenergo AS (Baa2/stable, Moody`s) issued five-year green bonds in the total nominal value of EUR 100 million with a maturity date of 5 May 2027, a fixed annual interest rate (coupon) and a yield of 2.42%.

The placement of notes was implemented on 28 April this year and the notes are issued under Latvenergo AS EUR 200 million third programme for the issuance of notes.

The issued notes are listed on Nasdaq Riga AS as of today, 6 May.

The allocation by investor type and geography is provided below:

The proceeds from the issuance of notes will be allocated to environment-friendly investment projects in accordance with Latvenergo AS Green Bond Framework, which has received the Dark green shading issued by the independent research center CICERO Shades of Green. This is the highest category shading in the CICERO’s methodology. That indicates the compliance of the planned projects with long-term environmental protection and climate change mitigation objectives, as well as good governance and transparency.

Disclaimer
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Japan, Canada, Hong Kong, Singapore, Russian Federation, Republic of Belarus or any other jurisdiction, or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions.

This announcement is not an offer for sale of, or a solicitation to purchase or subscribe for, any securities in the United States. The securities have not been, and will not be, registered under the US Securities Act of 1933, as amended, and the securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended. The issuer has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States.

This announcement is also not an offer for sale of, or a solicitation to purchase or subscribe for, any securities in the Russian Federation and Republic of Belarus. The securities may not be sold to any Russian or Belarusian national or natural person residing in Russia or Belarus or any legal person, entity or body established in Russia or Belarus.