Annual shareholders meeting of JSC Ventspils nafta will take place November 11, 2010

The Management Board of joint stock company “Ventspils nafta” (unified reg. No.
50003003091, legal address: Valnu Street 3-18, Riga, LV-1050) announces that
annual shareholders' meeting of joint stock company “Ventspils nafta” will take
place on November 11, 2010 at 10.00 a.m. at the “Hotel de Rome”, at Kaļķu
Street 28, Riga 

Agenda:
1.	Approval of annual reports for 2009.
2.	Utilization of profit of 2009.
3.	Election of auditor for audit of annual reports for 2010.
4.	Amendments to the Articles of Association.
5.	Election of Audit Committee.
6.	Dismissal of members of the Supervisory Council of joint stock company
“Ventspils nafta”: Aleksejs Ovods, Mārtiņš Kvēps, Valērijs Godunovs, Oļegs
Stepanovs and Gatis Grāvītis. 
7.	Election of new members of the Supervisory Council of joint stock company
“Ventspils nafta”. 

Issues No.6 and No.7 on the agenda have been included upon request No.
1.24.02.10. of the shareholder JSC “Latvijas Naftas Tranzīts” dated 24.02.2010. 

Shareholders' registration will be open from 09.45 a.m. until 10.00 a.m. on the
day of the meeting - November 11, 2010 - at the venue of the meeting. 

The record date for participation of shareholders at the annual shareholders'
meeting of joint stock company “Ventspils nafta” is November 3, 2010. Only
those persons who are shareholders on the record date with the amount of the
shares they own on the record date have rights to participate at the annual
shareholders' meeting of joint stock company “Ventspils nafta” on November 11,
2010. 

Shareholders have rights to participate in the meeting in person or by
mediation of their legal representatives or authorized persons: 
•	upon registration, shareholders shall present a passport or other personal
identification document; 
•	upon registration, representatives and authorized persons of shareholders
shall present a passport or other personal identification document, and shall
submit written power of attorney of the represented shareholder (form of a
written power of attorney is also available on website of joint stock company
“Ventspils nafta” www.vnafta.lv), or legal representatives shall present a
document certifying the authorisation. 

Shareholders of joint stock company “Ventspils nafta” shall inform the
Management Board of joint stock company “Ventspils nafta” about the
representatives and authorised persons of shareholders who will participate in
the shareholders' meeting, by submitting copies of the powers of attorney or
documents certifying the authorisation at least 5 (five) days before the day of
shareholders' meeting. Shareholders shall submit the aforementioned information
and copies of the documents to the premises of joint stock company “Ventspils
nafta”, at Vaļņu Street 3 - 18, Riga, by notifying on the previous day by phone
number +371 67715910. 

Rights of shareholders in accordance with the procedure and scope established
in Section 274 Paragraph 2 and Section 276 Paragraph 3 of the Commercial Law,
Section 542 Paragraphs 1 and 2 of the Financial Instruments Market Law may be
exercised within seven days as from distribution of this notification and on
the day of the shareholders' meeting, whereas rights in accordance with the
procedure and scope established in Section 276 Paragraph 4 and Section 283
Paragraph 1 can be exercised at least seven days before the shareholders'
meeting and on the day of the shareholders' meeting. Detailed information on
the abovementioned shareholders' rights is available on website of joint stock
company “Ventspils nafta” www.vnafta.lv. 

Shareholders of joint stock company “Ventspils nafta” can familiarize with
draft resolutions of issues to be addressed at the shareholders' meeting
starting from October 28, 2010 until November 10, 2010 at the premises of joint
stock company “Ventspils nafta”, at Vaļņu Street 3 - 18, Riga, on business days
from 2.00 p.m. until 4.00 p.m., by notifying on the previous day by phone
number +371 67715910, and on the day of shareholders' meeting - at the place of
registration, as well as these will be available on the website of joint stock
company “Ventspils nafta” www.vnafta.lv. 

Information on the shareholders' meeting is available on website of joint stock
company “Ventspils nafta” www.vnafta.lv. 

The Management Board of joint stock company “Ventspils nafta” informs that
according to the company's Articles of Association, the total amount of shares
with voting rights of joint stock company “Ventspils nafta” is 104,479,519. 

Management Board of joint stock company “Ventspils nafta”

Ventspils nafta

Zane Bojāre
JSC „Ventspils nafta” PR Manager
E-mail: zane.bojare@vnafta.lv
Phone.: 67821691; 29706733