POWER OF ATTORNEY

_________________________________________ (company name/name, surname) ________________________________________ (registration No./identity No.), (hereinafter – “Authorizer”) in person of ____________________________________________ (name, surname),  authorizes ____________________________________________________(name, surname), identity number ____________________________, (hereinafter – “Attorney”) to represent the Authorizer as a shareholder during the annual general meeting of shareholders of  JSC “Latvijas kuģniecība” (registration number: 40003021108, legal address: 1 Elizabetes street, Riga, Latvia, LV-1807) to be held on April 30, 2009 with _______________ (_____________________________________) (number of shares)  shares of JSC “Latvijas kuģniecība” owned by the Authorizer. The Attorney is entitled to exercise all rights of a shareholder in compliance with existing laws and regulations, including rights of voting with all the shares, making proposals, raising objections and signing the documents.

The Power of Attorney is issued without subdelegation rights and shall continue effective until the task is completed.

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