JSC Latvijas kuģniecība                    15 February 2005



COURT RULING RECEIVED BY JSC LATVIJAS KUĢNIECĪBA



JSC Latvijas kuģniecība (LASCO) hereby informs that today, 

15 February 2005 the Company received copy of Riga Central 

District Court Ruling in Civil Matter (copy C27042605), 

ruling that: 



till court hearing on merits JSC Ventspils nafta and Deutsche 

Bank Trust Company Americas shall be prohibited to use either 

their voting rights pertaining to their ownership shares of 

JSC Latvijas kuģniecība, or their indirect voting rights, 

including voting rights at JSC Latvijas kuģniecība General 

Meetings of shareholders, as well as to dispose of those shares 

or to encumber them with rights in things (in rem);



it shall be prohibited to register changes in the composition 

of JSC Latvijas kuģniecība Supervisory Council and Board of 

Directors with the Register of Enterprises of the Republic 

of Latvia as per resolution of JSC Latvijas kuģniecība 

Extraordinary General Meeting of shareholders of 11 February 

2005, or to register any other decisions adopted by the Council 

elected by JSC Latvijas kuģniecība EGM of shareholders of 

11 February 2005, as well as it shall be prohibited to register 

any resolutions passed by the Board of Directors elected by the 

Council elected by JSC Latvijas kuģniecība EGM of shareholders 

of 11 February 2005.





Marita Ozolina-Tumanovska

Head of PR Departament

Phone: +371 7020120, 9287169

Fax: +371 7820239

E-mail : ozolina@lsc.riga.lv