On termination of JSC Latvijas kuģniecība participation in Jūras servisa centrs Ltd.

On termination of JSC Latvijas kuģniecība participation in Jūras servisa centrs
Ltd. 

There are changes registered at the Commercial Register of the Republic of
Latvia on termination of JSC “Latvijas kuģniecība” participation in the limited
liability company “Jūras servisa centrs”, joint registration number
40003462966. The termination of JSC Latvijas kuģniecība participation is based
on sale of all its 140 000 (one hundred forty thousand) capital shares in Jūras
servisa centrs Ltd. with the nominal value of LVL 140 000 (one hundred forty
thousand lats) to company „Intertech Industries Limited” registered in the
United Kingdom. 

The main business of “Jūras servisa centrs” is lab services of chemical and
physical analyses of oil fuel, luboil and water samples for shipping and as
well as for other industries. 

“Although, historically “Jūras servisa centrs” Ltd. was a member of JSC
“Latvijas kuģniecība” group, in recent years the fleet of JSC “Latvijas
kuģniecība” is more and more located in the regions around the world where use
of other geographically closer similar service providers is economically more
favorable. Therefore, decision to sell the shares of “Jūras servisa centrs”
Ltd. is logical”, explains Imants Sarmulis chairman of the Management Board of
JSC “Latvijas kuģniecība”. 

Additional information:
Ģirts Apsītis
Adviser of the Chairman of the Management Board
Latvian Shipping Company
Phone: +371 67020126
E-mail : ir@lscgroup.lv