The decision has been made considering the successful sale of 665 hectares of land with a growing stock amounting to 93,000 m3 at a purchase price corresponding to EUR 4,120,000 at the end of last year. The sale indicated great interest in forest assets in the Baltic countries and has led to the Board deciding to investigate the conditions for selling additional assets and thereby realizing accumulated value in the company.

As of February 28, 2025, the company's holding amounts to 8,014 hectares with a growing stock of approx. 1,092,000 m3 in Latvia and Lithuania. The holding has been structured in six different portfolios. Those portfolios are created assuming that the created portfolios could be managed efficiently thus optimizing the management costs. The aim is to attract a wide range of potential buyers. Interested parties are invited to submit their offers for individual portfolios or for the all the assets.

The six portfolios are divided as follows:

1. Aluksne region with 225 hectares and approx. 17,500 m3 of growing stock
2. Latgale with 1,010 hectares and approx. 102,000 m3 of growing stock
3. Courland with 837 hectares and 88,000 m3 of growing stock
4. Rēzekne with 2,205 hectares and 250,000 m3 of growing stock
5. Vidzeme (Livonia) with 2,004 hectares and 305,000 m3 of growing stock
6. Lithuania with 1,732 hectares and 330,000 m3 of growing stock

Latvian Forest Company AB has not engaged any external advisors. The Company Board has instructed the CEO to investigate the preconditions for the sale. More detailed information can be obtained by contacting the company's CEO: aleksandrs.tralmaks@latvianforest.se, tel: +37129203972

A formal decision on whether to initiate sale s for the whole or individual portfolios will be communicated separately. For the time being, day-to-day operations will continue to operate as before.

For further information, please contact:

Aleksandrs Tralmaks, CEO

+37129203972

aleksandrs.tralmaks@latvianforest.se

Or visit our website: www.latvianforest.se

Latvian Forest Company AB (publ) is following disclosure obligation and makes public the above information pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the contact person set out above, at 12.00 CET on March 25, 2025.

About the company:

Latvian Forest Company AB (publ) is a Swedish listed company that acquires, sells and conducts forestry on favorably valued forests in Latvia and Lithuania. The three main strategic drivers of the business are, in addition to the fact that forest generates value increase by share increase in volume through annual growth;

1. an expected increase, appreciation in price levels for forest and agricultural properties
2. creating added value through active forest and asset management
3. to create value by building up a larger property portfolio.