Robert Kirkup becomes Chairman of the Supervisory

The LSC Supervisory Council works in composition of 12 members and was elected on October1 7, 2013 for a period of five years.

The newly elected representatives in the Supervisory Council are Robert Kirkup, Kristo Oidermaa (experience descriptions published in website of the Stock Exchange) and Art?rs L?manis.

The newly elected Supervisory Council member Art?rs L?manis joined the company Elura Shipping as a partner in 2009. The company is engaged in commercial operations of chartered product tankers and acts as tanker/LPG broker. Prior to joining Elura Shipping, L?manis spent almost 12 years working for LSC as operator, demurrage analyst, charterer of CPP and DPP tonnage, as well as was involved in other projects. He has seagoing experience – before joining LSC he was a safety officer on board an LPG carrier. Art?rs L?manis does not own shares of JSC Latvian Shipping Company.

About Latvian Shipping Company

In the medium-sized and handy tankers category JSC Latvian Shipping Company  (NASDAQ OMX RIGA: LSC1R)  is among the leading ship owners in the world, and in terms of transport volumes of petroleum products it is also in a leading position among similar companies in Northern Europe. The company owns 19 modern ships, employing more than 700 professional and highly qualified seamen from Latvia. The total carrying capacity of the LSC fleet is 921 171 DWT and the average age of the fleet does not exceed 6.3 years. All ships have received ISM (International Safety Management) certificates.

El?na Dobul?ne, Communications Consultant JSC Latvian Shipping Company

Tel.: +371-25959447 E-mail: elina.dobulane@vnafta.lv Latvian Shipping Company www.lk.lv/lv/ LSC Shipmanagement www.lk.lv/en/shipmanagement