On 14th January 2015, JSC “Latvian Shipping Company” has received two notifications from JSC “INTERNATIONAL BALTIC INVESTMENTS LTD” regarding disposal of the significant shareholding in the share capital of JSC “Latvian Shipping Company” and two notifications from Arnis Nicgalis regarding disposal of the significant indirect shareholding in the share capital of JSC “Latvian Shipping Company” (4 notifications attached).

According to two notifications dated 27th March 2014 and two notifications dated 3rd April 2014 after concluded deals Arnis Nīcgalis indirectly, by controlling AS “INTERNATIONAL BALTIC INVESTMENTS LTD”, owns 8 580 372 LSC shares which is 4.29% from total voting capital of LSC.

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 7 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