1.     To approve "A/s Latvijas Gāze annual accounts for the year ended

31  December  2002" and "A/s Latvijas Gāze consolidated annual accounts

for the year ended 31 December 2002".

2.     To  release  from  responsibility  for  activities  in year 2002

members  of  the  Board  of  Directors  - Adrians Dāvis, Frank Siebert,

Aleksandr  Mihejev,  Anda Ulpe, Gints Freibergs, Jānis Kalvāns (for the

period from January 1, 2002 to August 15, 2002) , Uldis Auniņš (for the

period  from  August 15, 2002 to December 31, 2002), and the members of

the  Supervisory Board - Juris Savickis , Fritz Gautier, Yelena Karpel,

Vlada  Rusakova,  Igor  Nazarov,  Eike Benke, Reiner Lehmann, Stefan F.

Seipl,  Matthias  Keuchel, Vasilij Fadejev (for the period from January

1,  2002  to July 12, 2002), Aleksandr Krasnenkov ( for the period from

July  12,  2002  to December 31, 2002), Kiril Seleznev ( for the period

from July 12, 2002 to December 31, 2002)

3.    From JSC "Latvijas Gāze" 2002 profit amounting to LVL 12 192 375:

·     to pay in dividends LVL 7 980 000 or 65.5% (LVL 0.20 per one paid

up  share),  to  determine  the  July 15th, 2003 the date of dividends'

calculation and the July 18th, 2003 the date of dividends' payment;

·     to transfer LVL 4 206 237 (34.5%) to the reserves provided for by

the Charter of the Company;

·     the  profit of SIA "Latvijas Propāna Gāze" amounting to LVL 6 138

to transfer in reserve- unrealised gains from investment in subsidiary.

4.     To  pay  a  single  additional  payment  to the employees of JSC

"Latvijas  Gāze"  for the performance in year 2002 using funds reserved

for this purpose - LVL 1 215,6 thousand:

·    incl. LVL  988.5 thousand - single additional payment;

·    LVL 227.1 thousand - mandatory state social insurance payment;

To pay a single additional payment from the above sum to the members of

the  Supervisory  Board  for  performance in year 2002 in amount of two

monthly  salaries,  to  the chairman of the Supervisory Board Aleksandr

Krasnenkov  a single additional payment for performance in year 2002 in

amount  of  four monthly salaries, to the vice-chairmen Juris Savickis,

Fritz  Gautier,  as well as Vasilij Fadejev a single additional payment

for  performance  in  year  2002 in amount of three monthly salaries in

proportion  to  their term of mandate of chairman of Supervisory Board,

vice-chairman  of  Supervisory Board and member of Supervisory Board of

JSC "Latvijas Gāze" in year 2002.

5.    To approve JSC "Latvijas Gāze" year 2003 budget.

6.     To  elect - Aleksandr Krasnenkov, Kiril Seleznev, Yelena Karpel,

Vlada  Rusakova,  Juris  Savickis,  Igor  Nazarov,  Fritz Gautier, Eike

Benke,  Matthias  Keuchel,  Reiner  Lehmann,  Stefan  F.  Seipl  to the

Supervisory  Board  for  the  term of 3 (three) years and determine the

beginning of the term of service July 4, 2003.

To  determine  the  following  remuneration  to  the  Supervisory Board

members for their work at the Supervisory Board of JSC "Latvijas Gāze":

Chairman of the Supervisory Board         2000 LVL a month;

Vice-chairman of the Supervisory Board        1500 LVL a month;

Member of the Supervisory Board            1000 LVL a month.

7.     To  elect  Adrians Dāvis, Frank Siebert, Aleksandr Mihejev, Anda

Ulpe,  Gints  Freibergs, Uldis Auniņš to the Board of Directors for the

term of 3 (three) years and determine the beginning of th