Latvijas Gaze

Delisting Announcement • Jul 30, 2024

Riga, July 30, 2024.

Statement by the Board of the Joint Stock Company "Latvijas Gāze" on the share buyback offer for delisting from the regulated market

On July 24, 2024, the Supervisory Committee of the Bank of Latvia decided to permit the Joint Stock Company "Latvijas Gāze", registration No. 40003000642, legal address: 6 Aristida Briāna Street, Riga, LV-1001 (hereinafter – the Offerer), to make a share buyback offer (hereinafter – the Offer) to the shareholders of the Joint Stock Company "Latvijas Gāze", registration No. 40003000642; legal address: 6 Aristida Briāna Street, Riga, LV-1001 (hereinafter – the Company), in connection with delisting from the regulated market, approving a buyback price of 3.35 EUR (three euros thirty-five cents) per share.

The Board of the Company provides the following opinion under Section 28 of the Share Buyback Law.

The Offerer intends to continue the current business of the Company and no changes in business line or location are planned. The present activities and plans of the Company will remain in place. As a further positive, the employees of the Company keep their jobs under their employment contracts. The Board also welcomes that the Offerer does not intend to merge or otherwise reorganise the Company and does not intend to make changes in the composition of the Board and Council of the Company.

The Board of the JSC "Latvijas Gāze"