Observation status of AS "Rigas kugu buvetava" supplemented with additional reason

Nasdaq Riga decided on May 2, 2024 to immediately apply an additional reason
for applied observation status to AS "Rigas kugu buvetava" (RKB1R, ISIN
LV0000100378) considering that AS "Rigas kugu buvetava" has failed to submit
its audited annual report of 2023 until May 2, 2024. AS "Rigas kugu buvetava"
has informed about the delay and its reasonings here. 

Therefore the observation status to AS "Rigas kugu buvetava" is also applied in
accordance with Nasdaq Riga Listing and Disclosure rules Article 20.1.2,
Subarticle 5, which stipulates that the Issuer shall be placed on observation
status if it fails to disclose the information to be disclosed on a regular
basis as specified herein in due time and manner. 

The observation status which was applied on May 28, 2018 is still in force.

Nasdaq Baltic
Issuer Services
[phone]
www.nasdaqbaltic.com

Nasdaq Baltic is a common name for exchanges, regulated markets, alternative
markets First North operated by Nasdaq companies in the Baltic states, i.e.
Nasdaq Tallinn AS, Nasdaq Riga, AS and AB Nasdaq Vilnius.