The Management Board of joint stock company “Latvijas kuģniecība” (unified reg. No.:40003021108, legal address: 1 Elizabetes Street, Riga, Latvia, LV-1807), considering that:

 

1)      the extraordinary shareholders’ meeting of joint stock company “Latvijas kuģniecība” took place on December 17, 2010 and decided on the following items of the agenda: Election of the auditor for the audit of the annual reports for the year 2010; Election of the Supervisory Council; Recall of the audit committee and election of new audit committee; On pursuing a claim against the former and present members of the Management Board of LK Imants Sarmulis, Andris Linužs, Raivis Veckāgans and Edvīns Bērziņš, On pursuing a claim against all of the former members of the Supervisory Council;

2)      it is more convenient for the shareholders to attend shareholders meeting in Riga than in Ventspils and it is with line good corporate governance standards;

 

The venue of the extraordinary shareholders’ meeting of joint stock company “Latvijas kuģniecība” which was planned to take place on January 28, 2011 at the the at the “Ventspils business centre”, 23 Ostas street, Ventspils, Latvia is changed to the “Hotel de Rome”, 28 Kaļķu street, Riga. The time of the meeting is not change and is 10 a.m.

 

The agenda:

1.      Approval of annual reports for the year 2009.

2.      Distribution of the profit for the year 2009.

 

Shareholders’ registration will be open from 09.00 a.m. until 10.00 a.m. on the day of meeting – January 28, 2011 – at the venue of the meeting.

 

The record date for participation at the extraordinary shareholders’ meeting of joint stock company “Latvijas kuģniecība” is January 20, 2011. Only those persons who are shareholders on the record date with the amount of the shares they own on the record date have rights to participate at the extraordinary shareholders’ meeting of joint stock company “Latvijas kuģniecība” to be held on January 28, 2011.

 

Shareholders have rights to participate in the meeting in person or by mediation of their legal representatives or authorised persons:

§ upon registration, shareholders shall present a passport or other personal identification document.

§ upon registration, representatives and authorised persons of shareholders shall present a passport or other personal identification document, and shall submit written power of attorney of the represented shareholder (form of a written power of attorney is also available on website of joint stock company “Latvijas kuģniecība” - www.lk.lv), or legal representatives shall present a document certifying the authorisation.

 

Shareholders of joint stock company “Latvijas kuģniecība” shall inform the Management Board of joint stock company “Latvijas kuģniecība” about the representatives and authorised persons of shareholders who shall participate in the meeting, by submitting copies of the power of attorneys or the documents certifying the authorisation at least 5 (five) days before the day of shareholders’ meeting. Shareholders shall submit the aforementioned information and copies of the documents to premises of joint stock company “Latvijas kuģniecība”, at 1 Elizabetes Street, Riga, by notifying on the previous day by phone number +371 67020100.

 

Rights of shareholders in accordance with the procedure and scope established in Section 274 Paragraph 2 and Section 264 Paragraph 3 of the Commercial Law, Section 54² Paragraphs 1 and 2 of the Financial Instruments Market Law may be exercised within seven days after the distribution of this notification and on the day of shareholders’ meeting, whereas rights in accordance with the procedure and scope established in Section 276 Paragraph 4 and Section 283 Paragraph 1 can be exercised at least seven days before shareholders’ meeting and on the day of shareholders’ meeting. Detailed information on the abovementioned shareholders’ rights is available on website of joint stock company “Latvijas kuģniecība” - www.lk.lv.

 

Shareholders of joint stock company “Latvijas kuģniecība” can familiarize with draft resolutions of issues to be addressed at the meeting starting from January 14, 2011 until January 27, 2011 at the premises of joint stock company “Latvijas kuģniecība”, at 1 Elizabetes Street, Riga, Latvia on business days from 10.00 until 16.00, by notifying on the previous day by phone number +371 67020100, and on the day of shareholders’ meeting - at place of registration, as well as they are available on website of joint stock company “Latvijas kuģniecība” - www.lk.lv.

 

Information on the shareholders’ meeting is available on website of joint stock company “Latvijas kuģniecība” - www.lk.lv.

 

The total amount of the shares and the total amount of the shares with voting rights of joint stock company “Latvijas kuģniecība” is 200,000,000.

 

Additional information:

Ģirts Apsītis

Adviser of the Chairman of the Management Board

Latvian Shipping Company

Phone: +371 67020126