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Interim report Jan-Sept. 2020

Book value of fixed assets 13,426.5 (0) TEUR Equity amounts to 0.689 (0.604) EUR per share Earnings per share 0.045 (0.464) EUR Property holdings amount to 4,261*(0) hectares Timber volume estimated at 521,000* (0) cubic

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AMENDED DATE OF INTERIM REPORT JAN-SEPT. 2020

The Board of Directors of Latvian Forest Company AB has decided to issue an interim report covering the third quarter of 2020 on Friday, November 20 instead of Sunday, November 22. For further information contact

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LATVIAN FOREST COMPANY AB (PUBL.) HAS COMPLETED THE TRANSACTION REGARDING THE PURCHASE OF ALL SHARES IN LATFOLDE AB

The company has completed the purchase of all shares in Latfolde AB today. The purchase price was 2,050 TEUR. LFC will through the purchase acquire an additional 961 hectares. The purchase includes all shares in

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LATVIAN FOREST COMPANY AB BORROWS 1.1 MEUR FROM SWEDBANK

According to a Board decision, the company has taken out a loan corresponding to 1.1 MEUR from Swedbank in Latvia. The loans are due for payment in five years´ time and have a mortgage payment

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LATVIAN FOREST COMPANY AB (PUBL.) SIGNS CONDITIONAL PURCHASE AGREEMENT REGARDING THE PURCHASE OF ALL SHARES OF LATFOLDE AB

Latvian Forest Company AB (publ.) has signed a purchase agreement with the owners of Latfolde AB regarding the purchase of all shares of Latfolde AB. The purchase price is provisionally estimated to amount to 2,050,000

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SUPPLEMENT – LATVIAN FOREST COMPANY AB (PUBL.) SIGNS CONDITIONAL PURCHASE AGREEMENT REGARDING THE PURCHASE OF ALL SHARES OF LATFOLDE AB

Supplement regarding conditional purchase agreement: The agreement is conditional on the purchase being financed from cash. The company is currently evaluating various financing solutions. Latvian Forest Company AB (publ.) has signed a purchase agreement with

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Interim report Jan-June 2020

Interim report Jan-June 2020 Book value of fixed assets 12,264.8 (0) TEUR Equity amounts to 0.669 (1.154) EUR per share Earnings per share 0.024 (0.474) EUR Property holdings amount to 4,324* (0) hectares Timber volume

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LATVIAN FOREST COMPANY AB HAS SOLD 195.7 HECTARES OF FARMLAND AND A 2.3 HECTARE FARM.

Latvian Forest Company AB’s (LFC) Board of Directors has approved the sale of 193.4 hectares of agricultural land for EUR 386,800 to a Latvian agricultural company. The sales value corresponds to EUR 2,000 per hectare.

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NOTICE OF ANNUAL GENERAL MEETING OF LATVIAN FOREST COMPANY AB (PUBL)

Shareholders of Latvian Forest Company AB (publ), org. no. 556789-0495, (the “Company”) is hereby invited to the Annual General Meeting on Monday, June 29, 2020, at 11:00 a.m. CET. 10.00, in Galjaden Fastigheter’s premises at

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COMMUNIQUÉ FROM THE ANNUAL GENERAL MEETING

Latvian Forest Company AB (publ) held its Annual General Meeting on June 29, 2020. The Chairman noted that the auditor in his audit report has advocated discharge to the Board of Directors and the CEO