INDEPENDENT BOARD MEMBER (UAB “IGNITIS RENEWABLES” RENEWABLE ENERGY COMPETENCY AREA)

Company Description

Would you like to contribute to projects shaping the future of electricity generation in the Baltic states and beyond? Ignitis Group, of which Ignitis Renewables is an integral part, is a leading integrated energy group in the Baltics. Our purpose is to create a 100% secure and green energy ecosystem for current and future generations.

Ignitis Renewables is an international green energy company operating in the Baltic states and Poland. We develop and operate green generation and green flexibility capacities, including onshore and offshore wind, solar energy generation, and energy storage technologies.

www.ignitisrenewables.com

Job Description

Would you like to contribute to projects shaping the future of electricity generation in the Baltic states and beyond? Ignitis Group, of which Ignitis Renewables is an integral part, is a leading integrated energy group in the Baltics. Our purpose is to create a 100% secure and green energy ecosystem for current and future generations.

Ignitis Renewables is an international green energy company operating in the Baltic states and Poland. We develop and operate green generation and green flexibility capacities, including onshore and offshore wind, solar energy generation, and energy storage technologies.

www.ignitisrenewables.com

AB Ignitis grupė, exercising the rights and duties of the sole shareholder, announces a selection process for an Independent Member of the Board of UAB Ignitis renewables, legal entity code 304988904, registered office address Laisvės Ave. 10, Vilnius (the ‘Company’), in the renewable energy competency area.

The Board of the Company will be elected by a decision of the General Meeting of Shareholders for a new four-year term commencing on the date of its election, unless the decision provides otherwise, but in any event no later than the date of the Company’s annual General Meeting of Shareholders in 2027. The Company's Board consists of 3 (three) members: 1 (one) independent member and 2 (two) representatives delegated by the Company’s shareholder.

In accordance with the applicable

Remuneration

Policy of AB Ignitis grupė group of companies (the ‘Remuneration Policy’) and

Remuneration

Guidelines of AB Ignitis grupė group of companies, the Independent Board Member may receive a fixed remuneration of EUR 4,070 gross per calendar month for serving on the Board. The draft agreement for the Independent Board Member is available here.

The Board Member’s civil liability shall be insured for the duration of the Agreement on the Activities of a Member of the Board.

Selection method: Interview. The selection process shall be conducted in accordance with the Description of the Procedure for the Selection of Candidates for a Collegial Supervisory or Management Body of a State or Municipal Enterprise, a State-Owned or Municipally Owned Company or its Subsidiary, as approved by Resolution No. 631 of the Government of the Republic of Lithuania of 17 June 2015 (the ‘Selection Description’).

Candidates are hereby informed that their personal data shall be processed in accordance with the Privacy Notice for Candidates.

Candidates must meet general, special and independence requirements, as well as other criteria established by 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, and the Articles of Association of the Company.

Qualifications

• General, Special and Independence Requirements for Candidates

• General Requirements:

• Must have a higher (university) or equivalent education.

• Must have an impeccable reputation. A person shall not be considered to have an impeccable reputation if they have been convicted, in accordance with the procedure established by law, of a serious or very serious criminal offence, or an offence against property, property rights and property interests, the economy and business order, the financial system, public service and public interests, justice, public security or government order, and their criminal record is unspent or has not been expunged.

• Must have no relationships with other natural or legal persons that could give rise to a conflict of interest while serving as a member of a collegial body.

• Must not have been deprived of, or subject to any restriction on, the right to hold the position they are applying for or to perform the functions assigned to that position.

• Must not have been removed from a single-person or collegial management body of a legal person within the last five years due to improper performance of duties.

• Must not be a career civil servant holding a position in a ministry, government agency or institution under a ministry and responsible for the formation of state policy in the sector of the economy in which the company for whose collegial body they are applying operates.

• Must not be elected or appointed, in accordance with the procedure established by law, as a state politician or as a civil servant of political (personal) trust.

• If a civil servant, must not serve as a member of more than two collegial bodies in total in state-owned or municipally owned enterprises.

• Special Requirements:

• At least five years of executive leadership experience as a chief executive officer, a senior executive reporting directly to the chief executive officer, a business unit head, or in an equivalent position within a large company or group of companies.

• Experience in developing, or making a significant contribution to the development of, strategy, its implementation, and performance management.

• At least four years of experience serving as a member of a collegial management body, or at least two years of experience serving simultaneously on several collegial bodies within a large company or group of companies.

• Upper-intermediate proficiency in English (at least level B2).

• Experience in senior leadership positions in the energy sector, with responsibility for business or functional performance.

• At least five years of experience in the renewable energy sector, including the development, construction, and/or management of significant renewable energy projects or operating asset portfolios with a total installed capacity of at least 100 MW and a total investment value of at least EUR 100 million.

• Knowledge of one or more key renewable energy technologies – wind, solar, and/or battery energy storage systems (BESS) – and the principles governing their operation and maintenance.

• Excellent leadership, teamwork, and stakeholder collaboration skills.

• meeting at least two of the following criteria: book value of assets exceeding EUR 25 million, revenue exceeding EUR 50 million, or more than 250 employees.

• Advantages:

• At least five years of executive leadership experience in an international energy company or group of companies operating in the renewable energy sector, with annual revenue and/or assets of at least EUR 500 million, in the capacity of chief executive officer, senior executive, or an equivalent role.

• Experience in developing and managing strategic partnerships and/or joint ventures, including aligning partners' interests and delivering joint renewable energy projects.

• Experience working in a company or group of companies listed on, or seeking listing on, a securities exchange, and/or experience engaging with investors.

• Experience in improving operational efficiency and implementing digitalisation and innovation initiatives.

• The Candidate and Independent Board Member Must Meet the Following Independence Requirements:

• Must not have been, for at least one year, and must not be, at the time of selection, a civil servant or employee of a state institution or agency.

• Must not have been, for at least one year, and must not be, at the time of selection, the manager, a member of another collegial body, employee or shareholder of the company for whose collegial body they are applying or the manager, a member of a collegial body, employee or shareholder of a subsidiary or parent company of that company or a related legal person in which the companies referred to in this paragraph are participants (the ‘related legal person’).

• Must not be a close relative (a spouse, cohabiting partner, partner, where partnership is registered in accordance with the procedure established by law, as well as their father (adoptive father), mother (adoptive mother), child (adopted child), brother (adoptive brother), sister (adoptive sister), grandfather (grandmother), grandchild, including their spouses, cohabiting partners or partners) of a shareholder that owns shares carrying more than 1/5 of the votes at the General Meeting of Shareholders or of the manager or a member of a collegial body of the company for whose collegial body they are applying, its subsidiary or parent company, or a related legal person.

• Must have no significant business ties with the company for whose collegial body they are applying, its subsidiary or parent company, or with a related legal person, either directly or as a participant, shareholder or member of a collegial body or the manager of a legal person with such ties. A natural or legal person shall be deemed to have significant business ties if that person is a supplier of goods or a provider of services (including financial, legal, advisory and consulting services) and the income received from the company or the legal persons referred to in this paragraph during the previous financial year exceeds EUR 1,000, excluding remuneration for serving as a member of a collegial body or of a committee formed by a collegial body.

• Must not have been, within the last two years, a partner, participant, manager, member of a collegial body or employee of the audit firm which performs or has performed the audit of the company for whose collegial body they are applying, its subsidiary, parent company or a related legal person.

• Must not have served as a member of a collegial body of the company for whose collegial body they are applying, its subsidiary or parent company for more than 10 years. This period shall be calculated by adding the future term of office for which the candidate would be appointed and the previous terms of office as a member of a collegial body of the same company, with a maximum interval of one year between the terms of office.

• Must not be a member of more than three collegial bodies in total in state-owned or municipally owned enterprises.

• The Following Persons May Not Serve as a Member of the Company’s Board:

• The Chief Executive Officer of the Company.

• A member of the Supervisory Board of the parent company.

• An auditor, an employee of an audit firm who participates and/or has participated in the audit of the company’s financial statements, an assurance specialist, or an employee of an audit firm or an independent assurance service provider who participates and/or has participated in the verification of information on sustainability matters which is provided in the company’s management report, with whom a contract has been concluded for the audit of the company’s financial statements and/or for the assurance of information on sustainability matters which is provided in the management report, where less than 2 two years have elapsed since the performance of such services.

• A person who is not legally entitled to hold such a position.

• Documents to Be Submitted by Candidates:

• Candidate’s application for participation in the selection process and declaration of good faith.

• Curriculum Vitae (CV) (free form).

• Copy of the candidate's identity document.

• Motivation letter (free form).

• Other documents or copies thereof demonstrating compliance with the general, special and independence requirements set out in this announcement.

• Representatives of the Selection Committee and/or the selection agency may request