Today,   on  November  20,  2003,  a  cash  auction  of  JSC  "Latvijas

kuģniecība"  863,  688  shares  (0.43% of share capital) was run on the

Riga Stock Exchanged. All shares put out for sale were auctioned.



The  calculated  price from the bids was LVL 0.34. The aggregate number

of  shares bid was 1,325,772. The seller was Privatisation Agency. Both

domestic  and  foreign  investors  were  admitted  to  the auction. The

auction results still need to be approved by Privatisation Agency.



JSC  "Latvijas  kuģniecība" shares are listed on the RSE Official list,

and are included in RICI and Dow Jones RSE indexes.



For more information, please contact: 

Krista Grintale

Corporate Communications Director

Riga Stock Exchange

Phone: +371 7212431 



Riga  Stock  Exchange  is part of HEX Integrated Markets, a division of

OMHEX,  is  northern  Europe's  largest  securities market. Through its

exchange  operations within Stockholmsbörsen, HEX Helsinki, HEX Tallinn

and

HEX  Riga  (Riga  Stock Exchange), it offers investors access to 80% of

the  Nordic  equity  market  and  75%  of the Baltic equity market. HEX

Integrated Markets also operates CSDs in Finland, Estonia and Latvia.