Exchange announcement on the results of domestic GMTN notes primary placement competitive auction

Nasdaq RigaAnnouncement from the exchange

Exchange announcement on the results of domestic GMTN notes primary placementcompetitive auction

ISIN code of the security XS2648672660 Fixed income (coupon) rate (%) 3.875% Maturity date 12.07.2033 Date of competitive multi-price auction 24.04.2024 Settlement date 02.05.2024 Total amount offered for competitive multi-price auction (EUR) 35 000 000 Total bid amount at competitive multi-price auction (EUR) 61 211 000 Total amount placed via competitive multi-price auction (EUR) 35 000 000 Number of participants at competitive multi-price auction 5 Maximum admissible yield as specified by State Treasury (%) 3.625 Average volume-weighted and top bid yield in executed bids (%) 3.589 un 3.625

Auctions of Domestic GMTN Notes of the Republic of Latvia, acting through theTreasury, take place in Nasdaq Riga.

Nasdaq BalticTransaction Services+371 67 212 431www.nasdaqbaltic.com

Disclaimer

This document and the information contained herein are not an offer ofsecurities for sale in the United States or any other jurisdiction. No actionhas been or will be taken by the Republic of Latvia, acting through theTreasury (the “Republic of Latvia”) in any country or jurisdiction that would,or is intended to, permit a public offeringof the Notes in any country orjurisdiction where action for that purpose is required. The Republic of Latviahas not registered, and does not intend to register, any of the Notes in anycountry or jurisdiction and, in particular, the Notes have not been and willnot be registered under the U.S. Securities Act of 1933, as amended (the“Securities Act”) or with any securities regulatory authority of any state orother jurisdiction of the United States and may not be offered, sold ordelivered within the United States except pursuant to an exemption from, or ina transaction not subject to, the registration requirements of the SecuritiesAct and otherwise in compliance with any applicable state securities laws andmay only be sold outside of the United States in reliance on Regulation S underthe Securities Act and otherwise in compliance with all applicable laws andregulations in each country or jurisdiction in which any such offer, sale ordelivery of the Notes is made.

The Notes are being offered and sold by the Republic of Latvia to primarydealers and other Nasdaq Riga members in the Republic of Latvia only by way ofauction and/or direct sales, as applicable, and are not being offered or soldby or on behalf of the Republic of Latvia in any other jurisdiction.

The information contained in this document does not purport to be a completedescription of the Notes or the offering thereof referred to herein. Pleaserefer to the Offering Circular dated 7 June 2013, as supplemented from time totime, prepared by the Republic of Latvia in connection with its Global MediumTerm Note Programme and the applicable rules and procedures of Nasdaq Riga forthe initial placement of Latvian government securities for a complete suchdescription.https://view.news.eu.nasdaq.com/view?id=b484c28c57e6e92c827b2969ae2dbfd0e&lang=en&src=omxlink