LISCO BALTIC SERVICE           Stock Exchange Release                25-11-2005



Preliminary performance result (consolidated) for 3 Quarters of the year 2005



AB "LISCO Baltic Service" group consolidated results:



- revenue in Q1-3 2005 increased by 8,5% up to 178 million LTL compared 

to Q1-3 2004 – 164 million LTL;

- EBIT Q1-3 2005 was 28.4 million LTL compared to Q1-3 2004 – 19.6 million LTL;

- net profit Q1-3 2005  - 20.9 million LTL, net profit Q1-3 2004 – 13.9 million LTL.



3Q 2005 was better compared to 3Q 2004 due to higher sales revenue 

on the major liner services and lower fleet depreciation cost.



Full year result is expected to be at the level of 21 - 25 million LTL.



As published separately, Scandlines AG has terminated the 

Kiel-Klaipeda-Express and Sassnitz–Klaipeda-Express Conference Agreements 

with effect as of December 31, 2005. 

 

The cargo liner service between Kiel and Klaipeda will as of 

January 1, 2006 be operated under the brand "DFDS LISCO Line", 

employing two LISCO-owned RoPax vessels. DFDS Tor Line will occupy 

the position as Conference Partner of AB LISCO Baltic Service.



According to an agreement reached with Stinnes AG (Deutsche Bahn AG), 

AB LISCO Baltic Service will continue as the sole operator of 

the Sassnitz-Klaipeda railferry service, employing 

the LISCO-owned m/v KLAIPEDA.

 

To comply with the general structure of DFDS, it has been decided 

to work towards a transfer of the Klaipeda - Karlshamn cargo liner 

service to DFDS Tor Line as of January 1, 2006. The line will employ 

one chartered RoPax vessel and one RoPax vessel owned 

by AB LISCO Baltic Service.

 

Under separate agreements AB LISCO Baltic Service will operate 

the Passenger liner services on both the line to Kiel and the line 

to Karlshamn. AB LISCO Baltic Service will equally continue to operate 

the passenger service of the DFDS Tor Line service between 

Germany and Latvia.

 

Irrespective of the above, the management of the cargo and passenger 

liner services will remain in the hands of Capt. Samuil Vindergauz, 

however, under a separate management agreement.





Martynas Jonkus

Chief Counsel

+370(46)393 631