On the establishment of the "Medical Invest" Ltd


On September 8, JSC “Latvian Shipping Company” established a subsidiary company “Medical Invest” Ltd.  The subscribed and paid-up share capital of “Medical Invest” Ltd is 457’300 EUR. All shares are owned by JSC “Latvian Shipping Company”.  Robert Kirkup is the sole member of the Management Board of “Medical Invest” Ltd.  The company’s core business activity will be the management of assets not related to the core shipping business.

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (NASDAQ OMX RIGA: LSC1R) is among the biggest vessel owners in the segment of medium and handy size tankers and takes leading positions in terms of the transported amount of petroleum products among similar companies in Northern Europe. The company owns 16 modern vessels employing more than 700 professional and high-skilled seamen from Latvia. The average age of the LK fleet is 6.5 years. All of the vessels have received ISM (International Safety Management) certificates.

Additional information:

Elīna Dobulāne, Communication Consultant

JSC “Latvian Shipping Company”

Phone: +371 25959447

E-mail: elina.dobulane@vnafta.lv

www.lk.lv