Regarding the publication in the newspaper " Telegraf "12.11.2010.

"We build vessel for Estonia"

On 11 November 2010th, 15 o'clock in territory of shipyard JSC”Rīgas kuģu
būvētava” in Gales street 2, Riga there was a keel laying ceremony held of the
multipurpose ship which is beig built for Estonian Police and Border Guard. 

As the Project was running already, JSC „Rīgas kuģu būvētava” became a partner
of Finnish company “Tyoven”. 

The contract amount estimated for the hull construction works of JSC „Rīgas kuģu
būvētava” are aproximately EUR 2.5 mln. 15% prepayment, the remaining part of
the hull after the transfer. 

Newspaper published news Updates:
The customer's costs of the hull construction in total are EUR 7.5 mln.,
including installed equipment, which was supplied by the customer.