On Wednesday, November 5, 2014, the shareholders' meeting of the JSC “Ventspils nafta” subsidiary ““Ventspils nafta” termināls” Ltd adopted a resolution to reduce the share capital of “Ventspils nafta” termināls”” Ltd by 25 000 000 EUR to 86 754 913 EUR cancelling 25 000 000 shares.

About ““Ventspils nafta” termināls”

VNT provides transit services − the receipt of crude oil and petroleum products via pipelines, rail tank cars and tankers, as well as their storage and transhipment. VNT is technologically the most advanced and largest crude oil and petroleum product transhipment company in the Baltics with the total tank storage capacity of 1.2 million cubic meters.

51% of VNT is owned by JSC “Ventspils nafta” (NASDAQ OMX RIGA: VNF1R), which is one of the largest groups of companies in Latvia. JSC “Ventspils nafta” is the Group's parent company, which manages investments into the companies within the Group, thus facilitating the growth in the overall value of the Group and its individual companies.

Elīna Dobulāne, Communications consultant

AS Ventspils nafta

Phone: +371-25959447

E-mail: elina.dobulane@vnafta.lv

www.vnafta.lv