JSC  Latvijas kuģniecība   ( LASCO ) (reg. No. 000302110) extraordinary

general  meeting  of  shareholders  will convene on October 15, 2004 at

10.00,  at  Reval  Hotel  Rīdzene , Viesturs hall ,  Reimersa street 1,

Rīgā, LV 1050.



Issues on the agenda:

1)        Conversion of JSC Latvijas kuģniecība shares;

2)         Registration  of  JSC  Latvijas kuģniecība in the Commercial

Register;

3)        Approval of the new Articles of Incorporation;

4)        Miscellaneous.



Shareholders  registration  on the day and place of venue - October 15,

2004  -  from  9  AM  to  10 AM. Shareholders may attend the Meeting in

person, by representative or by trustee.



Upon registration the following documents shall be presented:

  * shareholders,  who  have  their shares registered in the securities

    account with a custodian, shall present their passport or any other

    personal identity document, and a statement issued by the custodian

    and certifying the blocking of shares on the account;

  * shareholders,  who have their shares in the Initial Register, shall

    present their passport or any other personal identity document;

  * shareholder  representatives  and  trustees shall present a written

    proxy  issued  by  the  shareholder,  or  a document testifying the

    mandate  of  the  representative,  that  should  be  in  the format

    stipulated  by  the  legal  acts  of  the Republic of Latvia, and a

    personal  identity  document. In case the shares of the represented

    shareholder  are  registered  in  the  securities  account  with  a

    custodian,  a  statement issued by the custodian and certifying the

    blocking of shares on the account shall be presented.



Shareholders  shall  have  their  accounts  blocked  by  the end of the

business day on October 5, 2004.



Draft  resolutions  are available to shareholders for inspection at JSC

Latvijas  kuģniecība  office  premises,  Basteja  Boulv.  2, Riga, from

October  5,  2004  till and including October 14, 2004 on business days

from  10AM  to  4 PM, announcing their intention on the previous day by

phone 7020103, or on the day and place of venue.



JSC Latvijas kuģniecība Board of Directors