Investor Presentaiton

SUSTAINABLE ECONOMIC TRANSFORMATION Latest developments • The Prime Minister has listed key priority areas for the Government capital market development - national security, energy, education and healthcare, labour market and • On January 2023, a new Ministry for Climate and Energy in Latvia started to operate in order to accelerate the transition to renewable resources • On March 9, the Parliament adopted the Law on the State Budget for 2023 and the Budget Framework for 2023, 2024 and 2025 • • On April 6, the Government approved the Latvian Stability Programme for 2023-2026 and on April 16 it was submitted to European Commission On May 31, the Parliament elected foreign minister Mr. Edgars Rinkēvičs as new President of Latvia Strengths MAIN UNDERTAKINGS 1 Flexible, resilient economy despite external shocks Keep core inflation under control avoiding recession 2 Investment and export driven economic growth Inflation Defence 3 Prudent fiscal management in pre-COVID years providing fiscal capacity to absorb external 4 5 6 7 shocks Well-capitalized and liquid banking sector, with tight AML/CFT regime Good progress made to diversify sources of energy supply and ensure energy security. Limited energy dependence from Russia NATO membership provides a security guarantee and defence co-operation to defer potential external aggression Continue structural transformation of the economy (inc.EU funds, Recovery and Resilience plan) Economic growth Energy security Continue to increase the military and defence capabilities as part of NATO membership Continue to diversify energy supply sources and keep determined transition to sustainable energy

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