Financial Statements for 9 months of the year 2016 (not audited)

JSC "Rigas kugu buvetava" not audited financial report for the first 9 months of 2016 see in the attachment

| Source: Rigas kugu buvetava Rigas kugu buvetava

In nine month of 2016 net turnover of Rigas kugu buvetava JSC reached 15 139 129 EUR (compared with nine month of 2015, when turnover amounted to 15 543 202 EUR).

The Company finished the financial period with gross profit of 1 284 715 EUR (in nine month of 2015 the gross profit were 1 033 288 EUR) and the net profit in nine month 2016 was 481 462 EUR (in nine month of 2015 - it was 232 665 EUR).

         Marina Pudova
         Chief accountant
         +371 67080868
         marina@riga-shipyard.com

Attachments

RKB_ENG 9 MEN 2016.pdf