Riga Stock exchange                                    11.02.2005.



JSC “Latvijas kuģniecība” trading under surveillance



On February 11, 2005, despite JSC “Latvijas kuģniecība” announcement about 

the cancellation of the EGM scheduled for February 11, 2005, news agencies 

LETA and BNS have distributed information that the said EGM has taken place 

at the scheduled time and venue, and is organized by “Ventspils nafta”. 

Among other, the meeting resolved on electing Supervisory Board consisting 

of 10 members. 



Considering the meeting cancellation notice, the situation  about the 

legitimacy of the meeting and its resolutions is not clear.



Therefore, conditions have set in that may have an effect on the issuer’s 

operations and may jeopardize the investors’ interests. Pursuant to the provisions 

of Items 31.2.4.6 and 31.2.1 of the RSE Listing and Disclosure rules, the 

RSE Management Board resolved to apply surveillance status to JSC “Latvijas 

kuģniecība” starting with 13:30 on February 11, 2005. The purpose is to 

alert the investors on the confusing situation.



The shares will be traded under surveillance until competent government 

institutions take a resolution about the described situation, and the 

resolution has come into effect.    



For more information, please contact:

Krista Grīntāle

Corporate Communications Director

Riga Stock Exchange

Phone: +371 7212431