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

shareholders

will  convene  on May 28, 2004 at 10.00, at "Rīdzene" hotel, "Viesturs"

hall , Reimersa street 1, Rīgā, LV 1050.



Issues on the agenda:

1. Approval of the Annual Report 2003;

2. Release of the Members of the Board of Directors from responsibility

for 2003;

3.Approval of the Budget 2004 and Business Plan 2004;

4.Distribution of the profit for 2003;

5. Registration of the Company with the Commercial Register;

6. Conversion of shares;

7.Approval of the Articles of Incorporation (new version);

8. Election of the Supervisory Council;

9.Election  of the Sworn Auditor and the International Auditors for the

Mother Company and the Group for 2004;

10.Miscellaneous.



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

- from 9 AM to 10 AM.

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

proxy.

Shareholders  shall  have  their  accounts  blocked  by  the end of the

business day on May 18, 2004.

Draft  resolutions  are available to shareholders for inspection at the

Latvian Central Depository, Valnu street 1, Riga, 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.

JSC  Latvijas  kuģniecība  Board  of Directors reminds that pursuant to

Transitional  Provision  2  of  the  Law  on  the Financial Instruments

Market,  where as a result of a directly or indirectly acquired holding

in  a  joint-stock company, whose shares are admitted to trading on the

regulated  market,  a  person  has  at  least  10 percent of the voting

rights,  that person shall notify the Shareholders Meeting that takes a

decision on approving the Annual Report/Accounts for 2003.



JSC Latvijas kuģniecība Board of Directors