Commentary on the data provided by LETA national news agency on 6th of November


Commentary on the data provided by LETA national news agency on 6th of November
2008 - „A number of transportation companies consider that „Nordeka” will not
be able to provide public transportation services” 

A viewpoint spread by LETA news agency and a lot of other mass Medias
concerninig „Nordeka ” inability to provide public transportation services is a
groundless consumption of interested parties. It can be assumed that the aim of
an information and disinformation campaign directed against „Nordeka”, which
was organized by Ilgvars Kalnins, authorized representative of the enterprises
that contested tender's results, is to influence the forthcoming resolution of
Administrative District Court scheduled on 10th of November on the case of
ligitation of results of tender on a route network named „Centris 1”, as well
as to tarnish the reputation of JSC „Nordeka”. 
We have received a credit institution's offer in regard to the financing of bus
purchase in accordance with results of tender. 
Aforementioned Ilgvars Kalnins and the article's author Kaspars Dzenis do not
participate in the economic activities of JSC „Nordeka” and therefore they are
not entitled to provide any notifications; consequently we cannot comment their
statements concerning the number of buses and amount of expenditures (capital
investments). 
Shareholders and investors will be duly notified on any concluded contracts in
accordance with the Law of market's financial instruments and Stock Exchange
regulations by ORICGS and CNS information systems. Aforementioned contracts
cannot be concluded prior to the conclusion of Concession agreement with Road
Transport Administration. 
We hereby notify that the specific portions of JSC „Nordeka ” in route networks
where the tender's results are litigated are: 19.4% (Centris 1), 32.9% (East).
Specific portions of JSC „Nordeka ” in others route networks are as follows:
100% (Centris 2); 19.1% (South-East); 10% (South-West). 
JSC „Nordeka” is not an invited party of any cases that concern the tender's
results and are examined by the Administrative Court; it has not any materials
and cannot comment thereon. In the aforementioned cases the defendant is Road
Transport Administration. 

Sergejs Zabavnikovs
Chairman of the Board