On 25 June, 2017 JSC “Latvijas kuģniecība” (“LSC”) received a notification on disposal of a material shareholding in LSC from Latvia State joint stock company "Privatization Agency".

Latvia State joint stock company "Privatization Agency" as the holder of State capital shares has disposed 20 000 000 shares of LSC in the mandatory buyout by “Vitol Netherlands B.V.”. Therefore, the number of voting rights resulting from the shares is zero.

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 Ship management” Ltd is technically serving 9 more vessels, thus managing a fleet of 25 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