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Notice on Results of Latvenergo AS Noteholders’ Meetings

17.11.2017.

Latvenergo AS hereby informs that on 16 November 2017 at the offices of Latvenergo AS, at the address Pulkveža Brieža iela 12, Riga, LV-1230, Latvia, simultaneously meetings of:  

(1)  the noteholders of EUR 70,000,000 Notes due 2017 (ISIN code: LV0000801090) and EUR 35,000,000 Notes due 2020 (ISIN code: LV0000801165) issued under Latvenergo AS LVL 85,000,000 (or equivalent in EUR) programme for the issuance of Notes (the “Noteholders’ Meeting of First Programme”); and

(2)  the noteholders of EUR 100,000,000 Notes due 2022 (ISIN code: LV0000801777) issued under Latvenergo AS Second programme for the issuance of Notes in the amount of EUR 100,000,000 (the “Noteholders’ Meeting of Second Programme”);

were held.

The Noteholders holding the notes of Latvenergo AS with ISIN codes LV0000801090 and LV0000801165 at the Noteholders’ Meeting of First Programme passed a resolution pursuant to which the noteholders agreed to amend the General Terms and Conditions of the Notes set forth in the base prospectus of Latvenergo AS LVL 85,000,000 (or equivalent in EUR) programme for the issuance of Notes dated 23 November 2012 and to approve the General Terms and Conditions of the Notes in a new wording. Noteholders holding the Notes in the aggregate principal amount of EUR 75,324,000 voted for amendments to the General Terms and Conditions of the Notes. No Noteholders voted against the amendments.

An excerpt from the meeting minutes of the Noteholders’ Meeting of First Programme, agreed amendments to the General Terms and Conditions of the Notes and the new wording of the General Terms and Conditions of the Notes are attached hereto. The noteholders may get acquainted with the full text of the meeting minutes of the Noteholders’ Meeting of First Programme at the offices of Latvenergo AS at Pulkveža Brieža iela 12, Riga, LV-1230, Latvia, on business days within the limits of business hours of Latvenergo AS upon request.

The Noteholders holding the notes of Latvenergo AS with ISIN code LV0000801777 at the Noteholders’ Meeting of Second Programme passed a resolution pursuant to which the noteholders agreed to amend the General Terms and Conditions of the Notes set forth in the base prospectus of Latvenergo AS Second programme for the issuance of Notes in the amount of EUR 100,000,000 dated 25 May 2015 and to approve the General Terms and Conditions of the Notes in a new wording. Noteholders holding the Notes in the aggregate principal amount of EUR 73,273,000 voted for amendments to the General Terms and Conditions of the Notes. No noteholders voted against the amendments.

An excerpt from the meeting minutes of the Noteholders’ Meeting of Second Programme, agreed amendments to the General Terms and Conditions of the Notes and the new wording of the General Terms and Conditions of the Notes are attached hereto. The noteholders may get acquainted with the full text of the meeting minutes of the Noteholders’ Meeting of Second Programme at the offices of Latvenergo AS at Pulkveža Brieža iela 12, Riga, LV-1230, Latvia, on business days within the limits of business hours of Latvenergo AS upon request.

Amendments to the General Terms and Conditions of the Notes set forth in both base prospectuses shall come into force upon approval at the shareholders’ meeting of Latvenergo AS to be convened by the end of November 2017.

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