JSC Attītsības finanšu institūcija Altum (Development Finance Institution Altum) - Decisions Passed by extraordinary Shareholders' Meeting

The extraordinary shareholders' meeting of JSC Development Finance Institution Altum (hereinafter – ALTUM) was held on December 18, 2025, in the premises of ALTUM at Dome Square 4, Riga. Meeting was organized by using remote connection options.

The extraordinary shareholders' meeting discussed issues:

1. on operating plan and the budget of ALTUM for the year 2026
2. on increasing reserve capital of ALTUM
3. on the composition of the Audit Committee of ALTUM
4. on ALTUM`s Internal Audit Strategy for 2026-2028 and the operating plan for year 2026
5. on changes to the Internal Audit Department`s position list
6. on expenditure estimate for year 2026 of Internal Audit Department.

 

The following decisions were made in the extraordinary shareholder's meeting:

1. to approve the operating plan and the budget of ALTUM for the year 2026
2. to increase reserve capital of ALTUM by 195 536 euros for the guarantee program for state assistance to soldiers of the National Armed Forces for the purchase or construction of housing
3. to elect the Audit Committee of ALTUM for a three-year term of office in the following composition: Gunta Darkevica, Nils Sakss, Krišjānis Znotiņš
4. to approve the Internal Audit Strategy for 2026-2028 and the 2026 annual activity plan of the Internal Audit Department
5. to approve the list of positions of the Internal Audit Department
6. to approve the Internal Audit Department's 2026 annual expenditure estimate.

JSC Attīstības finanšu institūcija Altum (JSC Development Finance Institution Altum) is a Latvian state-owned company that ensures access of the enterprises and households to the financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and enhancing mobilization of the private capital and financial resources. On 28 January 2025 Moody’s Ratings affirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The rating as well as the short-term issuer rating at P-2, the same as affirmed on 2 February 2024. ALTUM is rated by Moody’s Finance Companies Methodology, published in July 2024. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.