Pursuant  to  the Riga city Centra Regional Court No.2.4-36/5, issued

on June 28, 2002, and pursuant to Article 142.5 of Civil Procedure Law,

the   court  executor  notifies  on  the  court  decision  "to  prevent

Privatisation  Agency  (address  31 Kr.Valdemāra Street, Riga) and Riga

Stock  Exchange  (6  Doma laukums, Riga) from any activities related to

transfer  or  encumbrance of  "Latvijas Kuģniecība" 102,000,000 shares,

including  transfer,  pledging,  exercising  of  voting  power;  and to

prevent  any  third  parties  (who have purchased "Latvijas Kuģniecība"

shares  via  the Riga Stock Exchange) to transfer or encumber "Latvijas

Kuģniecība" 102,000,000 shares."