Hereby JSC Latvijas kuģniecība (Latvian Shipping Company - LASCO) informs that today, 30 October 2007, its fleet has been expanded with another newly built tanker: the delivery of the seventh of in total fourteen tanker newbuildings ordered by LASCO took place at 3.Maj shipyard in Croatia. It has become a tradition for LASCO to name its newbuildings after Latvian towns and regions. Also this time the newbuilding has been granted the euphonic name of Piltene. The role of the ship's Godmother was entrusted to Ms. Olita Doniņa, representative of Piltene City Council. LASCO is a competitive company in the world shipping industry with its development in the long-term perspective based on a purposeful activity in the handy-size and middle-range tanker segment providing its customers with highly qualified services in compliance with international safety standards. LASCO's core business is transportation of cargoes by sea, the largest part of which is done by the Company's 1,234,636 deadweight ton (DWT) large product tanker fleet that ensures about 80% of the Group's net voyage result. In total, already eleven newbuildings have been delivered to LASCO since summer 2006. Thus, at present JSC Latvijas kuģniecība fleet comprises 37 product tankers (of which three are time chartered in from other ship-owners) carrying both clean and dirty petroleum products, easy chemicals, oils and other liquid cargoes, 2 LPG carriers, 5 reefer vessels and 1 Ro-Ro/general type vessel. For detailed information: Marita Ozolina-Tumanovska Head of Public Relations Department Phone: (+ 371) 67020120, 29287169 E-mail: marita.ozolina@lscgroup.lv