CORRECTION: The Management Board of JSC Latvijas kuģniecība is extended

The Management Board of JSC Latvijas kuģniecība is extended

New member - Paul Thomas, has been elected in the Management Board of joint
stock company „Latvijas kuģniecība” for the five year term of duties. The
previous experience of the new member of the Management Board is related with
world shipping business since 1983, including the position of the director at
“Finaval S.p.A.”, which is Italian registered tanker owner, since 1988, as well
as duties of the member of the supervisory board of joint stock company
„Ventspils nafta” from January , 2010 till  July, 2010. The term of duties for
the next five years has been prolonged also for other members of the Management
Board. 

Therefore, the Management Board of LK now consists of four members - chairman
Imants Sarmulis and members Andris Linužs, Raivis Veckāgans and Paul Thomas. 

JSC Latvijas kuģniecība is international shipping company with commercial fleet
consisting of 23 tankers with the total deadweight exceeding 1 million tons.
The tankers are mostly used to transport light and heavy oil products in the
Baltic, Northern European, Black Sea, Mediterranean Sea, Transatlantic, Far
East and Middle East markets. JSC Latvijas kuģniecība plays significant role in
the world's shipping business, ranking among the twenty largest ship-owners of
medium range tanker fleet in the world. 

The new member of the Management Board Paul Thomas does not own the shares of
LK. 

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