Start of construction works on the Blue Marine and establishment of subsidiaries in Latvia

Start of construction works on the Blue Marine and establishment of subsidiaries
in Latvia

AS  Pro Kapital  Grupp announces  the start  of construction  works of  the Blue
Marine  residential  building  -  the  next  phase  in  the  development  of the
prestigious Kl?versala Quarter in Riga.

Located on a nearly five-hectare land plot within the UNESCO heritage protection
area, Kl?versala Quarter stands out for its exceptional location on the banks of
the Daugava River and by ?genskalns Bay.
Blue  Marine, named after its proximity to  the river and the neighbouring yacht
port,  reflects  a  quietly  luxurious  lifestyle.  It is a 7-storey residential
building  comprising 96 thoughtfully  designed apartments  ranging from 1-5-room
layouts.  As the  next step  in the  Kl?versala Quarter development, Blue Marine
will  be  an  integral  part  of  this  urban  ensemble,  blending  contemporary
architecture,   high-quality  materials,  and  a  well-considered  green  living
environment.  The  project  aims  to  provide  a  refined and sustainable living
experience,  supported by  energy-efficient solutions  and timeless  design. The
development  also  includes  an  underground  parking  facility  and  a spacious
landscaped courtyard surrounding the building.
The  architectural concept of the building has been designed by Aivars Kagainis,
lead  architect at Project  Office Griet?ns and  Kagainis, a firm recognised for
its  modern,  functional,  and  detail-focused  architecture. Interior design is
provided  by Jana Korolova and Andrey Korolyov, ensuring timeless aesthetics and
comfort.

For the implementation of the project, the Group established two subsidiaries in
June 2025:

SIA  Pro  Kapital  Latvia  Engineering,  responsible  for  construction  project
management in Latvia.
The share capital of SIA Pro Kapital Latvia Engineering is EUR 5 000, which upon
the  establishment of  the company  belongs 100% to  SIA Pro Kapital Latvia. The
members  of the management board  of the new company  are Edoardo Axel Preatoni,
the  CEO of AS Pro Kapital Grupp and Martins Kusins, the management board member
of AS Pro Kapital Latvia.

SIA  BM Kl?versala,  established for  the purpose  of developing the Blue Marine
project.
The  share  capital  of  SIA  BM  Kl?versala  is  EUR  2 600 000, which upon the
establishment  of the company belongs 100% to SIA Kliversala. The members of the
management board of the new company are Edoardo Axel Preatoni, the CEO of AS Pro
Kapital  Grupp and Martins Kusins, the management board member of AS Pro Kapital
Latvia.

The  establishment of  subsidiaries does  not have  a significant  impact on the
economic  activities of AS Pro Kapital Grupp  (the issuer). AS Pro Kapital Grupp
shall  inform the investors through the  Stock Exchange system additionally when
further decisions have been made regarding the project.

Edoardo Axel Preatoni
Member of the Management Board
Phone: +372 614 4920
e-mail: [email protected]