JSC "Latvijas kuģniecība"                 Riga, 25 January 2005

                  

JSC "Latvijas kuģniecība" plans to acquire shares



Hereby JSC "Latvijas kuģniecība" (LASCO) informs that a 

resolution has  been  passed by JSC "Latvijas kuģniecība" 

Board of Directors to acquire 40% capital share of  its 

subsidiary "Latvian Finnish Maritime Agency Ltd."("Lat-Finn"). 

At present  JSC "Latvijas kuģniecība" owns 60% share of 

"Lat-Finn" capital.



To comply with Article 5.4.3.of JSC "Latvijas kuģniecība" 

Articles of  Association,the decision has been submitted for 

consideration and approval  by  JSC "Latvijas kuģniecība" 

Supervisory Council.







Marita Ozolina-Tumanovska

Head of PR Departament

Phone: +371 7020120, 9287169

Fax: +371 7820239

E-mail : ozolina@lsc.riga