JSC Ventspils nafta is planning to submit audited report for 2009 till July 31

JSC „Ventspils nafta” (VN) informs that company is planning to submit the
annual report for 2009 till July 31, 2010, if associated company JSC „Latvijas
Kuģniecība” (LASCO) has by that deadline submitted their approved audited 2009
annual reports. However, if LASCO does not meet the deadline and has not
submitted their approved audited annual report for 2009 by July 31, VN will
publish annual report for 2009 as soon as LASCO has approved and published
theirs. 

Ernst & Young Baltic, the auditors of VN, had in advance informed VN Management
Board that in order for VN to duly prepare its own annual reports, VN needs the
audited and approved annual reports of LASCO for 2009. 

VN several times has requested LASCO Management Board and the Supervisory
Council to convene the annual shareholders' meeting of LASCO for approval of
the annual reports for 2009 until the end of April, 2010. 

Ventspils nafta

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