On 7 July, 2007 new Supervisory Council of JSC Ventspils nafta was elected consisting of: Javed Ahmed, Mikhail Dvorak, Vladimir Egger, Rubil Yilmaz, Mark Ware, Christophe Theophanis Matsacos, Olegs Stepanovs, Edgars Jansons, Rudolf Meroni, Michael Hason, David Alexander Schlaff. Christophe Theophanis Matsacos has joined the Finance team of Vitol in 2008. He is posted in the Representative Office of Vitol in Moscow with responsibility for business development in Russia and the former CIS countries. C.T.Matsacos has a banking background and joined Vitol from VTB Europe (London) (formerly Moscow Narodny Bank), where he was responsible for oil business development, in trade finance and structured trade finance, in Russia and the former CIS countries. Rudolf Meroni is the Chairman of the Supervisory Board of JSC Ventbunkers since 2005 and of JSC Latvijas Nafta Tranzits since 2010, he has been member of LNT Supervisory Board since 2007. Since 2006 he is a member of the Supervisory Board of JSC Ventspils Commercial Port. Michael Hason started his professional career as inland-revenue officer of the Austrian Ministry of Finance. He continued to work in accounting sphere and since 1997 M.Hason is unlimited partner (95%) of company Dr. Franz Burkert & Michael Hason Steuerberatung KG, that works with transnational tax planning and trusts. David Alexander Schlaff is Chief Investment Officer with M-Tel Holding GmbH since 2008. Since 2007 he is member of the Board of Advisors in Latrobe Specialty Steel Company, one of the largest specialty steel producers in the U.S.A, and since 2010 - member of the Supervisory Board at RHI AG., the largest global manufacturer of heat-resistant refractory products. Edgars Jansons has a financial background. Before entering the LSF Holdings as the Chairman of the board in 2002, he was the audit commission member in JSC „Latvijas Kuģniecība”. New members of Supervisory Council do not possess VN shares. Ventspils nafta Zane Bojāre JSC „Ventspils nafta” PR Manager E-mail: zane.bojare@vnafta.lv Phone.: 67821691; 29706733