On initiation of insolvency proceeding

The Board of Directors of AS „Rīgas kuģu būvētava” declares that on March 16^th, 2018 its creditor SIA „ZLTD” submitted an application to the court regarding to insolvency proceedings against AS „Rīgas kuģu būvētava” for non–fulfilment of its debt commitments in timely manner.

The Board of Directors of AS „Rīgas kuģu būvētava” hereby informs that it has reached an agreement with SIA „ZLTD” for fulfilment of debt commitments of AS „Rīgas kuģu būvētava”, and whereas SIA „ZLTD” on April 17^th, 2018 on the day of hearing disclaimed its application submitted with the court regarding to the initiation of insolvency proceedings.

The Board of Directors of AS „ Rīgas kuģu būvētava”

         Ainārs Tropiņš
         AS “Rīgas kuģu būvētava”
         Mobile 29406461