Latvian Shipping Company                                       01.03.2005.



On the Forecasted Results of JSC “ Latvian Shipping Company” Group for the year 2004



Joint Stock Company “Latvian Shipping Company” informs that the forecasted 

profit of JSC “Latvian Shipping Company” for the year 2004 will be approximately 

60 million US dollars, from which 30 million US dollars is the adjustment of the 

value of the “Latvian Shipping Company” group’s fleet, which was made by taking 

into account the assessments by independent brokers (Braemer Seascope and SSY) 

for LPG carriers and Panamax type tankers.



A.Enkuzens

The person in charge for cooperation with the Riga Stock Exchange

Board member, Finance Director