DRAFT RESOLUTIONS
of Annual Shareholders’ Meeting of
joint stock company “Latvijas kuģniecība”
to be held on July 27, 2011

1. Approval of annual reports for the year 2010.

1. To take a notice of the report of the Supervisory Council and of the report of the Audit Committee of joint stock company “Latvijas kuģniecība”.

2. To approve the Annual Report of joint stock company “Latvijas kuģniecība” for 2010.

3. To approve the Consolidated Annual Report of joint stock company “Latvijas kuģniecība” for 2010.

4. To cover loses of joint stock company “Latvijas kuģniecība” (parent company) of 2010 in the amount of 669’063 LVL (six hundred sixty nine thousand sixty three lats) from profit of future periods.

2. Election of auditor for the audit of annual reports for the year 2011.

1. To elect audit company „PricewaterhouseCoopers” Ltd. (commercial company licence No. 5) as auditor of the annual reports of joint stock company “Latvijas kuģniecība” for the year 2011.
2. To authorize the Management Board of joint stock company “Latvijas kuģniecība” to conclude a contract with „PricewaterhouseCoopers” Ltd. on audit of the annual reports of joint stock company “Latvijas kuģniecība” for 2011, by fixing a remuneration within the approved budget of 2011 of joint stock company “Latvijas kuģniecība”.

Management Board of joint stock company “Latvijas kuģniecība”

Riga, July 13, 2010

Additional information:
Elīna Dobulāne
Press secretary
Latvian Shipping Company
Phone: +371 25959447
E-mail: Elina.Dobulane@lscgroup.lv