JSC  Latvijas  kuģniecība   ( LASCO ) (reg. No. 000302110) repeated AGM

of  shareholders  will  convene on June 28, 2004 at 10.00, at "Rīdzene"

hotel, "Viesturs" hall ,  Reimersa street 1, Rīgā, LV 1050.

Issues on the agenda:

1)     Registration  of  JSC  Latvijas  kuģniecība  in  the  Commercial

Register;

2)    Conversion of shares;

3)    Approval of the new Articles of Incorporation;

4)     Election of the Supervisory Council

5)     Miscellaneous.

Shareholders registration on the day and place of venue - June 28, 2004

- from 9 AM to 10 AM.

Shareholders  may attend the Meeting in person, by representative or by

trustee.

Upon registration the following documents shall be presented:

*  Shareholders,  who  have  their  shares registered in the securities

account  with  a  custodian,  shall present their passport or any other

personal identity document, and a statement issued by the custodian and

certifying the blocking of shares on the account.

*  Shareholders,  who  have their shares in the Initial Register, shall

present their passport or any other personal identification document.

*  Shareholder  representatives  and  trustees  shall present a written

proxy  issued  by the shareholder, or a document testifying the mandate

of  the  representative,  that should be in the format as stipulated by

the  legal  acts  of  the  Republic  of Latvia, and a personal identity

document.  In  case  the  shares  of  the  represented  shareholder are

registered  in  the  securities  account  with a custodian, a statement

issued  by  the  custodian and certifying the blocking of shares on the

account shall be presented.

Shareholders  shall  have  their  accounts  blocked  by  the end of the

business day on June 15, 2004.

Draft  resolutions  are available to shareholders for inspection at the

Latvian  Central  Depository,  Valnu street 1, Riga, from June 18, 2004

till June 27, 2004 on business days from 10AM to 4 PM, announcing their

intention on the previous day by phone 7229821, or on the day and place

of venue.