Hereby JSC Latvijas kuģniecība (Latvian Shipping Company - LASCO) informs that today, 30 January 2008, its fleet has been expanded with another newly built tanker: the delivery of the twelfth of in total eighteen 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 Uzava. The role of the ship's Godmother was entrusted to Ms. Ilva Purēna, Member of JSC Latvijas kuģniecība Management Board. 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 1,287,236 deadweight ton (DWT) large product tanker fleet that ensures about 80% of the Group's net voyage result. In total, already twelve newbuildings have been delivered to LASCO since summer 2006. Thus, at present JSC Latvijas kuģniecība fleet comprises 38 product tankers (of which three are time chartered in from other ship-owners) carrying petroleum products, easy chemicals, oils and other liquid cargoes, 2 LPG carriers, 5 reefer vessels and 1 Ro-Ro/general type vessel. For further information: Marita Ozolina-Tumanovska Head of PR Departament Phone: (+371) 67020120, 29287169 E-mail: marita.ozolina@lscgroup.lv