JSC Latvijas kuģniecība (Latvian Shipping Company - LASCO) hereby informs that the Company has received an announcement by AS Hansabanka stating that as of 5 December 2007 AS Hansabanka lost its holding in JSC Latvijas kuģniecība.

Enclosure: AS Hansabanka Announcement (2 pages).

For detailed information:

Marita Ozolina-Tumanovska

Head of PR Departament

Phone: +371 7020120, 29287169

E-mail : marita.ozolina@lscgroup.lv