Latvijas kugnieciba
Recording from the business update presentation of JSC “Ventspils nafta” and JSC “Latvijas kuģniecība” about performance in 2014

Latvijas kugnieciba 

26.02.2015 08:07

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Riga, 2015-02-26 08:07 CET (GLOBE NEWSWIRE) -- On
Wednesday, February 25, JSC 'Ventspils nafta', which is one of the largest
groups of companies in Latvia operating in transportation, transhipment and
storage of petroleum products, and JSC 'Latvijas kuģniecība' held a business
update presentation for shareholders, investors and other interested people.
During the presentation, the management of JSC 'Ventspils nafta' and JSC
'Latvijas kuģniecība' talked about the current events in the company, as well
as analysed the unaudited financial results of 2014. 

A full recording of live broadcast of the
business update presentation of JSC 'Ventspils nafta' and JSC 'Latvijas
kuģniecība' is available here: http://ej.uz/VN_LK_sniegums_2014, in turn the
presentation demonstrated during the update is available in the
appendix. 

During the presentation, management of the JSC
'Ventspils nafta' Group pointed out that market environment is still full of
challenges because the geopolitical instability combined with a weak economic
growth in Europe has impact on operation of petroleum product transportation
companies. 

Presentations of the Group companies were hosted
by Robert Kirkup, Chairman of the Management Boards of JSC 'Ventspils nafta'
and JSC 'Latvijas kuģniecība', Paul Thomas, member of the Management Board of
JSC 'Latvijas kuģniecība', Lars Pantzlaff, Managing Director and member of the
Management Board of ''Ventspils nafta' termināls' Ltd, as well as Igors
Stepanovs, Managing Director and member of the Management Board of
'LatRosTrans' Ltd. 

The management of JSC 'Ventspils nafta' and JSC
'Latvijas kuģniecība' thanks everyone who participated in the business update
presentation in presence and through the live internet broadcast. 

About JSC
'Latvian Shipping Company' 

JSC 'Latvian Shipping Company' (NASDAQ OMX RIGA:
LSC1R) is among the biggest vessel owners in the segment of medium and handy
size tankers and takes leading positions in terms of the transported amount of
petroleum products among similar companies in Northern Europe. The company owns
16 modern vessels employing more than 500 professional and high-skilled seamen
from Latvia. The average age of the LK fleet is 7 years. All of the vessels
have received ISM (International Safety Management) certificates. 


         Additional information:
         Elīna Dobulāne, Communication Consultant
         JSC 'Latvian Shipping Company'
         Phone: +371 25959447
         E-mail: elina.dobulane@vnafta.lv
         www.lk.lv
News Source: NASDAQ OMX



26.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Latvijas kugnieciba
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000101103
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------