Announcement of JSC “Latvijas kuģniecība”


With reference to the news article publicized by the newspaper “Dienas Bizness”
on November 20, 2008 about the possibility of JSC “Latvijas kuģniecība” (JSC
“Latvian Shipping Company” - LASCO) trading its shares at the Warsaw Stock
Exchange, LASCO informs that the company continuously inquires about the
influential organisations of the market, their opportunities and requirements,
including the Warsaw Stock Exchange. LASCO has already reported earlier, that
the company being one of the largest companies in Latvia and one of the largest
ship owners in the world within the medium sized tankers' segment, the shares
of which are traded on the public stock exchange has a regular interest about
financial instrument market in the region and receives the same interest from
the participants of the market. At present no decisions within the said context
have been reviewed or taken by the management of LASCO. 


More detailed information:
Marita Ozolina-Tumanovska
Head of PR Department
Phone: +371 67020120, 29287169
E-mail : marita.ozolina@lscgroup.lv