RNS Number : 0873I

Deutsche Bank AG, Frankfurt

30 November 2022

30. November 2022

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

Republic of Latvia

(the Issuer)

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 20.10.2022, Deutsche Bank AG, Frankfurt (contact: Debt Syndicate, Phone No. +44 207 547 6885) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d.) of the Market Abuse Regulation (EU/596/2014)), and also as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

The Securities:
Issuer:	Republic of Latvia
Guarantor (if any):	n/a
Aggregate nominal amount:	EUR 850,000,000
Description:	Republic of Latvia 3.875% EUR denominated senior unsecured notes due 25.03.2027
ISIN Code:	XS2549862758
Issue/offer price:	98.743%
Spread over benchmark:	+199.9bps vs OBL 0 09/10/26
Stabilisation:
Stabilising Manager(s):	Deutsche Bank

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

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