OREANDA-NEWS. The Shareholders’ Meeting of Latvenergo AS was held at 12:00 at the premises of Latvenergo AS at 12 Pulkveza Brieza Street, Riga.

All shares of Latvenergo AS are owned by the Republic of Latvia and held by the Ministry of Economics of the Republic of Latvia, whose interests at the Shareholders’ Meeting are represented by the State Secretary of the Ministry of Economics.

The resolutions adopted at the Annual Shareholders’ Meeting:

1. To approve “Latvenergo konsolidetais 2012.gada parskats” and „Latvenergo Consolidated Annual Report 2012” (English translation), prepared in accordance with the International Financial Reporting Standards as adopted by the European Union;

2. To approve „Akciju sabiedribas „Latvenergo” 2012.gada parskats” [Latvenergo Public Limited Company Annual Report 2012], prepared in accordance with the Annual Accounts Law of the Republic of Latvia;

3. To approve the document „Latvenergo koncerna Ilgtspejas un Gada parskats par 2012.gadu” and its English translation „Latvenergo Group Sustainability and Annual Report 2012”;

4. To approve the distribution of net profit of Latvenergo AS for the 2012 of LVL 31,718,182 as follows:

1) LVL 28,546,620 to be paid out to the state in dividends;

2) LVL 3,171,562 to be transferred to Latvenergo AS reserves for further development of the capital company;

5. To appoint ERNST & YOUNG BALTIC SIA to conduct the audit for the year 2013 of Latvenergo AS, determining a remuneration of the auditor up to LVL 25,220 excl. VAT.