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Latvian Financial and Capital Market Commission has registered the Base Prospectus of second programme of AS “Attīstības finanšu institūcija Altum” for the issuance of notes in the total amount of EUR 70 million

22 May 2019

Inside information, 2019

NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED IN OR RESIDENT IN SUCH COUNTRIES OR JURISDICTIONS IN WHICH IT WOULD BE UNLAWFUL OR REQUIRE MEASURES OTHER THAN THOSE REQUIRED UNDER LATVIAN LAWS, INCLUDING THE UNITED STATES, AUSTRALIA, JAPAN, CANADA, HONG KONG, SOUTH AFRICA, SINGAPORE

On 21 May 2019 Latvian Financial and Capital Market Commission has registered the Base Prospectus of second programme of AS “Attīstības finanšu institūcija Altum” for the issuance of notes in the total amount of EUR 70 million.

Additional EUR 15 million offering of the notes that were issued on 7 March 2018 under the same terms and conditions will follow subject to situation in capital markets.

Reinis Bērziņš, Chairman of ALTUM’s Board:

“In the coming years we see issue of bonds as a significant component in  raising funding for financing sustainable business projects that are vital for the national economy. With the new bonds issue programme the total funding attracted by ALTUM on capital markets will reach EUR 100 million. In general, the fund raising in capital markets ensures diversified funding sources, helps to be sustainable and self-sufficient in attraction of the funding at the same time promoting the development of the Baltic capital market.”

Disclaimer

By accessing, downloading, reading or otherwise making available to yourself any content of the Base Prospectus and any Final Terms you confirm that you have read, understand and agree to comply with all of the restrictions set forth below and that your country of residence and current location is not the United States of America, Australia, Japan, Canada, Hong Kong, South Africa, Singapore or any other jurisdiction in which distribution or publication of the Base Prospectus and any Final Terms is unlawful. 

The distribution of the Base Prospectus and any Final Terms and the offering, sale and delivery of the Notes issued under the Programme in certain countries is restricted by law. Any person residing outside the Republic of Latvia and the Republic of Lithuania may receive the Base Prospectus only within the limits of applicable special provisions or restrictions. Akciju sabiedrība "Attīstības finanšu institūcija Altum" (“ALTUM”) requires persons into whose possession the Base Prospectus or any Final Terms comes to inform themselves of and observe all such restrictions. The Base Prospectus and any Final Terms may not be distributed or published in such countries or jurisdictions or otherwise in such circumstances in which it would be unlawful or require measures other than those required under the laws of the Republic of Latvia, including the United States of America, Australia, Japan, Canada, Hong Kong, South Africa and Singapore. Neither the Base Prospectus nor any Final Terms constitute an offer to sell or a solicitation of an offer to buy the Notes issued under the Programme in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. ALTUM or its representatives and AB SEB bankas (the “Arranger of the Programme” and the “Sole Bookrunner”) do not accept any legal responsibility for any such violations, whether or not a prospective purchaser of the Notes is aware of such restrictions. The Notes issued under the Programme have not been and will not be registered in accordance with the U.S. Securities Act of 1933 (the “Securities Act”) or under the securities laws of any state of the United States of America and, accordingly, they may not be offered, sold, resold, granted, delivered, allotted, taken up, transferred or renounced, directly or indirectly, in or into the United States of America, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any securities laws of any state of the United States of America.

The issues of Notes under the Programme shall be governed by the laws of the Republic of Latvia. No action has been taken by ALTUM in any jurisdiction that would permit offering of the Notes issued under the Programme other than in the Republic of Latvia and the Republic of Lithuania. Unless specifically otherwise stated in the Base Prospectus, the Notes issued under the Programme may not be, directly or indirectly, offered, sold, resold, transferred or delivered in such countries or jurisdictions or otherwise in such circumstances in which it would be unlawful or require measures other than those required under Latvian laws, except for the exceptions to registration obligation allowed by the securities laws of the United States of America, Australia, Japan, Canada, Hong Kong, South Africa and Singapore. The Base Prospectus and any Final Terms may not be delivered to any person in the above-mentioned countries. ALTUM, the Arranger of the Programme and the Sole Bookrunner requires persons into whose possession the Base Prospectus or any Final Terms comes to inform them of and observe all such restrictions. ALTUM, the Arranger of the Programme and the Sole Bookrunner do not have any legal responsibility whatsoever for such violations whether or not such restrictions were known to prospective investors. ALTUM, the Arranger of the Programme and the Sole Bookrunner reserves the right to, respectively, at its sole discretion reject subscription to the Notes issued under the Programme, which the ALTUM, the Arranger of the Programme and/or the Sole Bookrunner believes would cause the violation or breach of any law, rule or regulation for the time being in force.

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