The Ministry of Finance of the Republic of Lithuania, budgetary institution code 288601650, address Lukiškių g. 2, LT-01108 Vilnius, Lithuania, implementing the rights and duties of the majority shareholder of AB “Ignitis grupė”, legal entity code 301844044, registered address Laisvės pr. 10, LT-04215 Vilnius, Lithuania, (hereinafter referred to as ‘Ignitis Group’ or the ‘Parent Company’), announces the selection of 3 (three) civil servants to the Supervisory Board of Ignitis Group. The term of office for the new Supervisory Board is 4 years from the day of the election of the Supervisory Board at Ignitis Group's General Meeting of Shareholders.

Ignitis Group is a renewables-focused integrated utility, active in the Baltic states, Poland and Finland. Ignitis Group has a diverse team of 4,600+ energy smart people united by a common purpose to create a 100% green and secure energy ecosystem.

Ignitis Group sets focus on onshore and offshore wind, batteries, pumped-storage hydro and power-to-X technologies, to deliver 4–5 GW of installed green generation and green flexibility capacity by 2030, thus strengthening its contribution to Europe's decarbonisation and energy security in the region.

About the Supervisory Board’s composition

The Supervisory Board shall consist of 9 members: 6 independent members (the selection was announced on 4 July  2025) and 3 civil servants. Civil servants will be selected following the Guidelines on Procedures for the Selection of Persons to a Company's Supervisory or Management Body approved by the Minister of Finance (1K-45 On the Approval of Guidelines on Procedures for the Selection of Persons to a Company's Supervisory or Management Body).

To support its responsibilities, the Supervisory Board shall form the following three advisory committees from among its members:

• Audit and Risk Committee,
• Sustainability Committee,
• Nomination and Remuneration Committee.

Each committee should consist of at least half independent members from the Supervisory Board. All Supervisory Board members will participate in one or more of these committees, contributing their knowledge and experience to ensure effective oversight.

About the Supervisory Board’s role

The Supervisory Board is a collegial body of Ignitis Group whose key competence includes supervision of Ignitis Group’s activities, approval of Ignitis Group’s strategy, as well as analysis and supervision of its implementation.

Supervisory Board members should possess diverse experience in the fields of renewable energy, organizational development, sustainability, and corporate finance.

About requirements for candidates

The Supervisory Board competency areas are aligned with Ignitis Group’s strategic directions and the functions of the committees.  Candidates will be selected on the basis of the special and general requirements, as outlined in the Law on the Management, Use and Disposal of State and Municipal Assets of the Republic of Lithuania, the Law on Companies of the Republic of Lithuania, the Description of Requirements for Audit Committees, approved by Resolution No 03-14 of the Board of the Bank of Lithuania of 24 January 2017, as well as the Articles of Association of Ignitis Group.the Articles of Association of Ignitis Group.

Candidates for the position of Supervisory Board member – civil servant must meet the General and Special requirements.

GENERAL REQUIREMENTS

The candidate and Supervisory Board member:

• must have a higher (university) or equivalent education;
• must have an impeccable reputation. A person shall not be considered to be of impeccable reputation if he/she has been convicted, in accordance with the procedure laid down by law, of a serious or very serious criminal offence, a criminal offence against property, property rights and property interests, the economy and business order, the financial system, the civil service and public interests, justice, public security or  government order and his/her criminal record is unspent or has not been revoked;
• must be free from any relationship with other natural or legal persons which would give rise to a conflict of interest in the exercise of his/her duties as a member of a collegial body;
• must not be disqualified or restricted from holding the position he/she is applying for or from exercising the functions assigned to that position;
• must not have been removed from a single member or a collegial body of a legal person within the last 5 years on grounds of misconduct;
• may not be a career civil servant in a ministry, a government agency or a body attached to a ministry who is entrusted with the functions of forming public policies in the sector of the company for whose collegial body he/she is applying;
• may not be elected or appointed as a politician in accordance with the procedure laid down by law and may not be a civil servant of a political (personal) trust;
• if the candidate is a civil servant, he/she may not be a member of more than 2 collegial bodies in total in state-owned and municipally owned companies.

SPECIAL REQUIREMENTS

Special requirements applied to all competency profiles:

• Knowledge of corporate governance principles;
• Proficiency in English at an advanced (B2) level.

Special requirements applied to specific competency profiles:

Special requirements linked to specific competency profiles indicate the level of expertise expected.  Candidates must meet the requirements of at least one of the Supervisory Board member competency profiles listed below.

1. Candidate for Public Policy and Governance Competency:

• At least 10 years’ experience in public policy and governance. This includes working in civil service or public sector operations, practical application of legislative principles, public policy development, supervision of state-owned companies, as well as managing and cooperating with public stakeholders and/or regulatory institutions.

Advantages:

• Experience in collegial management or supervisory bodies;
• Knowledge and experience in strategic planning, analysis, control, and oversight of state-owned enterprises;
• Leadership, teamwork, and collaboration with stakeholders;
• Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally.

2. Candidate for Regulatory Competency:

• At least 10 years’ experience in overseeing regulatory affairs within the energy sector, including the strategic oversight of regulated energy businesses, ensuring compliance with national and EU-level energy market regulations;
• Ability to navigate complex regulatory environments.  This includes skills in analysing policy impacts and effectively collaborating with regulatory authorities and stakeholders to align business strategies with regulatory requirements.

Advantages:

• Experience in collegial management or supervisory bodies;
• Knowledge and experience in strategic planning, analysis, control, and oversight of state-owned enterprises;
• Leadership, teamwork, and collaboration with stakeholders;
• Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally.

3. Candidate for Accounting and Audit Competency:

• At least 10 years’ experience in overseeing the preparation, audit, and integrity of financial statements in accordance with applicable standards (such as International Financial Reporting Standards (IFRS)), including the supervision of internal control systems and compliance with regulatory requirements—especially within public interest entities and regulated industries;
• Knowledge of financial reporting obligations under relevant frameworks (e.g., IFRS, Corporate Sustainability Reporting Directive (CSRD)), and ability to oversee compliance with legal requirements in public interest entities;
• Experience in overseeing internal control systems linked to financial reporting, ensuring audit quality, financial integrity, and alignment with risk and governance policies;
• At least 1 year of experience overseeing internal control systems linked to sustainability reporting and ensuring the integrity of sustainability disclosures.

Advantages:

• Experience in collegial management or supervisory bodies;
• Knowledge and experience in strategic planning, analysis, control, and oversight of state-owned enterprises;
• Leadership, teamwork, and collaboration with stakeholders;
• Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally.

The following persons cannot be members of the Supervisory Board:

• the Chief Executive Officer of the Parent Company,
• a member of the Management Board of the Parent Company,
• a member of the Board, the head or an administrative employee of a company of the Parent Company’s group of companies,
• a member of the supervisory body, management body or an employee of the administration of a legal entity carrying out electricity or gas transmission activities,
• an auditor, an assurance specialist, an employee of an audit firm or of an independent assurance service provider who participates and/or has participated in the audit of the Parent Company’s financial statements or in the verification of information on sustainability matters which is provided in the Parent Company’s management report where less than 2 years have elapsed since the performance thereof,
• a person who is not legally entitled to hold such a position.

About terms and conditions of activity in the Supervisory Board

Remuneration for the members of the Supervisory Board of Ignitis Group is determined in accordance with the Remuneration Policy of AB “Ignitis grupė” group of companies (Ignitis Group Remuneration Policy) and paid monthly. A civil servant serving as a member of the Supervisory Board may receive a monthly remuneration of 3,390 EUR (before taxes).

Additional remuneration for activities in Supervisory Board committees:

• For a member of the Committee – EUR 500 (before taxes) or
• For the Chair of the Committee – EUR 1,000 (before taxes).

A member of the Parent Company's Supervisory Board may be paid, in addition to the remuneration of a member or the Chair of the Supervisory Board, no more than the remuneration for his/her activities in two Supervisory Board committees. If a member of the Supervisory Board is elected as Chair of a committee, he/she shall be paid, in addition to the remuneration of a Supervisory Board member, the additional remuneration of the Chair of the committee for the duration of his/her term of office as the Chair of the committee, instead of the committee member's additional remuneration.

It should be noted that the final decision on the remuneration of a member of the Supervisory Board will be made by the Parent Company’s General Meeting of Shareholders.

During the term of the contract with a member of the Supervisory Board, the member of the Supervisory Board will be covered by a civil liability insurance for bodies of legal persons. Also, under the terms and conditions of the contract, the costs of transport and accommodation related to attendance at the Supervisory Board meetings held at the location specified by the Parent Company (usually at the registered office of the Parent Company) may be reimbursed for the members of the Supervisory Board in cases where the Supervisory Board member’s permanent place of residence or place of work is in a country other than the one where the Parent Company’s Supervisory Board meeting is held.

Documents that must be submitted by candidates:

• The candidate’s application and the declaration of good faith.
• Curriculum vitae (CV) (free form).
• A motivation letter (free form).
• A copy of the candidate’s identity document.
• Proof of education.

It is deemed that by submitting their documents and consenting to be considered for nomination at the General Meeting of Shareholders of the state-owned Parent Company, candidates also agree that the Ministry of Finance, which conducts the selection procedures, has the right to request information about them from law enforcement, regulatory, and other institutions, agencies, or companies via a reasoned written request before making its decision. It is also deemed that by submitting the documents, candidates confirm that they meet the general and special requirements and that they are familiar with the legal obligations arising in the event of being selected and appointed as a member of the collegial body if they are elected to the collegial body.

Candidates may be requested to provide additional documents to verify their compliance with the above-mentioned requirements.

THE DEADLINE FOR THE SUBMISSION OF DOCUMENTS IS UNTIL 21 AUGUST 2025 (INCLUSIVE).

Candidates may submit the documents to the Ministry of Finance:

• In person. When presenting copies of documents, the original documents must be brought along.
• By e-mail ([email protected]). Copies of the documents are attached, and the original documents may be requested to be submitted if the candidate is recognized as the winner of the selection.

About selection procedures:

• The selection is conducted in accordance with the Guidelines on Procedures for the Selection of Persons to a Company’s Supervisory or Management Body.
• The selection commission will comprise at least three members.

About gender balance regulation

We would like to inform you that this selection process is subject to the Law on Equal Opportunities for Women and Men of the Republic of Lithuania, which stipulates the following:

• Candidates for CEO, management board member, or supervisory board member positions in a large company must meet general and special requirements, based on which each candidate's qualifications will be comparatively assessed.
• If, during the selection process, candidates are equally qualified, suitable for the position, and have comparable competencies and professional achievements, preference will be given to a candidate of the underrepresented gender.

Contact persons:

• Representative of the Ministry of Finance – Advisor to the Personnel Management Division, Arūnė Šerepkaitė, +37069032011, e-mail [email protected].
• Person substituting the representative of the Ministry of Finance – Advisor to the Personnel Management Division, Eglė Tenenė, +370 633 35275, e-mail [email protected].

Additional information for candidates:

• AB “Ignitis grupė” strategy, business, goals
• Governance Coordination Centre’s information about the selection of members of collegial bodies
• Draft agreement on the activities of a Supervisory Board
• Draft non-disclosure agreement
• Letter of expectations of the shareholder
• Candidate’s application and declaration of good faith
• Competency Profile of AB “Ignitis grupė” Supervisory Board

Join our growing international team of dedicated professionals in smart energy, united by a common goal: to create a 100% green and secure energy ecosystem for current and future generations.

Ignitis Group is an equal opportunity employer that welcomes all candidates, regardless of race, religion, gender, sexual orientation, gender identity, age, disability, or other characteristics not directly related to work obligations.