OREANDA-NEWS. October 21, 2015. JSC “Ventspils nafta” hereby informs that today, on October 19, 2015, commences the mandatory bid expressed by Euromin Holdings (Cyprus) Limited on the basis of resolution No 172 by Financial and Capital Market Commission.

JSC “Ventspils nafta” hereby informs that today, on October 19, 2015, commences the mandatory bid expressed by Euromin Holdings (Cyprus) Limited on the basis of resolution No 172 by Financial and Capital Market Commission of October 15, 2015.

Information about the mandatory bid:

1) The respective company is JSC “Ventspils nafta”, registration number: 50003003091, legal address: Elizabetes 1, Riga, LV-1010, phone: +371 67715910; fax: +371 67715920, e-mail: riga@vnafta.lv, web: www.vnafta.lv.

2) Offeror: Euromin Holdings (Cyprus) Limited, registration number: HE 69529, registration date: March 13, 1995, legal address: 58 Arch Makarios III Avenue, Iris Tower, Office 602, Nicosia, Cyprus.

As of the day of prospectus the offeror owns 98 370 065 (94.15%) of JSC “Ventspils nafta” shares.

3) The price of one share in prospectus is set at: EUR 4,56

4) The period of mandatory bid is 30 days commencing on October 19, 2015 (until November 17, 2015, inclusive).

Please find prospectus of mandatory bid for JSC “Ventspils nafta” in Latvian attached.