On 15 June, 2017 JSC “Latvijas kuģnieciba” (“LSC”) received Giovanni Fagioli notification on disposal of a material shareholding in LSC.

On 15 June, 2017 OÜ “Fondo H Estonia”, which is 100% owned by Italian based investment company FH S.p.A. in its turn 100% owned by Giovanni Fagioli, has disposed 39 249 118 shares, equivalent to 19.62% of voting capital of LSC.

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Shipmanagement” Ltd is technically serving 8 more vessels, thus managing a fleet of 24 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.

Artis Ozolins, Communications Consultant
JSC “Latvian Shipping Company”
Telephone: +371-26179051
E-mail: AOzolins@golin.com
www.lk.lv