Related-party transactions

According to the Article 372 Paragraph 9 of the Law on Companies of the Republic of Lithuania, we inform you of a transaction between AB “Ignitis grupė” (hereinafter – the Company) and the relevant party.

It is notable that the Supervisory Board of the Company, taking into consideration the conclusion of the Audit Committee, makes a decision regarding the Company’s transactions planned to be made with an associated party if they are made under unusual market conditions and/or are not assigned to the Company’s usual business activities and/or has a material impact of the Company its finances, assets and liabilities i.e. the amount of these transactions is larger than 1/50 of the Company‘s authorised capital (except the transactions which are necessary to ensure the Company‘s main activities and the transactions which must be made according to the requirements of legislation).

03.11.2020 transaction with Pomerania Wind Farm sp. z o.o

How is the Company related to the other party of the transaction

The Company indirectly (via UAB "Ignitis renewables" controls 100% of the Pomerania Wind Farm sp. z o. o (hereinafter - Pomerania) shares.

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

Pomerania Wind Farm sp. z o. o, limited liability company, 0000450928, Al. Grunwaldzka 82/368, 80-244 Gdańsk, the National Court Register of Poland.

The date and value of the transaction

Date of signing - 03 November 2020, the guarantee amount of up to PLN 150m (EUR 33m), guaranteed annual payment of PLN 600,000 (EUR 132,000).

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The Audit Committee of the Supervisory Board of the Company on 22 October 2020 provided an opinion that there is no basis for concern regarding the anticipated transaction – meaning that the agreement of guarantee services with Pomerania would be conducted according to the market conditions, fairly and based on the merit of the Shareholders of the Company who are not the relevant parties of the transaction, and in accordance with assumptions and arguments provided by the Company: 1. The amount of the guarantee payment is within the arm’s length interval calculated by the comparable uncontrolled price method; 2. The conclusion of the guarantee agreement is beneficial to the Group of Companies because it will create conditions for the Company to make a profit (and to save Group-wide) of up to EUR 134,000.00* (one hundred thirty four thousand euros) per year.

*the amount is liable to fluctuation due to the exchange rate of EUR/PLN.

10.11.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras; contact person Simona Augėnaitė, simona.augenaite@ignitis.lt

The date and value of the transaction

Concluded on 4 November 2020, value of the contract amounts up to EUR 745,000.00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

18.11.2020 transaction with Tuuleenergia OU

How is the Company related to the other party of the transaction

The Company is the sole shareholder of Tuuleenergia Osaühing

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

Tuuleenergia Osaühing, entity code 10470014, with its registered address Keskus, Helmküla küla, Lääneranna vald, Pärnu maakond, 88208, Estonia, its data being collected in the Commercial Register of Estonia, administered by the state agency Estonian Centre of Registers and Information Systems (RIK);

The date and value of the transaction

Concluded on 18 November 2020, value of the contract amounts up to EUR 74,440.00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

22.12.2020 transaction with UAB Transporto valdymas

How is the Company related to the other party of the transaction

The Company is the sole shareholder of UAB “Transporto valdymas”

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB „Transporto valdymas“, entity code 304766704, with its registered address Kirtimų g. 47, Vilnius, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų centras.

The date and value of the transaction

Concluded on 22 December 2020, value of the contract amounts up to EUR 30,025.00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

23.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of  shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, registered address at A. Juozapavičiaus str. 13, Vilnius, Lithuania, its data is collected and stored by the Register of Legal Entities administered by the State Enterprise Centre of Registers 

The date and value of the transaction

The agreement is concluded on 23 December 2020.

The agreement provides the compensation details of expenses related to employees transfer (holidays savings, variable remuneration part); therefore, the agreement is not valued in terms of profit. Precise compensation amount will be clear only after their actual payment (in February and May of 2020).

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The agreement is concluded in accordance with the Labour Code of the Republic of Lithuania. The agreement protects the interests of the employees; thus, there is no reason to state that it is unfair or ungrounded in respect of Company‘s shareholders.

28.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 28 December 2020, value of the contract amounts up to EUR 23 900,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

28.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 28 December 2020, value of the contract amounts up to EUR 50 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

28.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 28 December 2020, value of the contract amounts up to EUR 57 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

29.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 29 December 2020, value of the contract amounts up to EUR 250 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

29.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 29 December 2020, value of the contract amounts up to EUR 210 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

30.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 30 December 2020, value of the contract amounts up to EUR 3 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

30.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 30 December 2020, value of the contract amounts up to EUR 113 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

30.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 30 December 2020, value of the contract amounts up to EUR 213 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

30.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 30 December 2020, value of the contract amounts up to EUR 213 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

30.12.2020 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 30 December 2020, value of the contract amounts up to EUR 48 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.

04.01.2021 transaction with UAB Ignitis Grupės Paslaugų Centras

How is the Company related to the other party of the transaction

The Company is one of the shareholders of UAB Ignitis Grupės Paslaugų Centras

Data of the relevant party (legal name, legal form, code, registered office, register wherein the data of the entity is collected and stored; full name and surname, correspondence address)

UAB Ignitis Grupės Paslaugų Centras, entity code 303200016, with its registered address A. Juozapavičiaus str. 13, Vilnius, Lietuva, its data being collected in the Register of Legal Entities, administered by the state enterprise Registrų Centras

The date and value of the transaction

Concluded on 4 January 2021, value of the contract amounts up to EUR 213 000,00 without VAT.

Other information, considering the integrity of the transaction and its merit to the Company and its Shareholders who are not the parties of the transaction

The conditions of the contract are standard compared to the conditions of such type of service agreements.