JSC  "Latvijas  Gāze"  AGM  of  shareholders  on  July  12,  2002 made

following resolutions:

1.   To   confirm  JSC  Latvijas  Gāze  2001  financial  statement  and

consolidated  2001  financial statement. JSC Latvijas Gāze net turnover

in  2001  was  LVL  98.2 million, consolidated net turnover - LVL 105.6

million, profit after tax - LVL 10.5 million;

2.  To discharge from responsibility for 2001 Management Board members:

Adrians  Dāvis,  Franks  Zīberts, Aleksandrs Mihejevs, Anda Ulpe, Jānis

Kalvāns,  Gints  Freibergs and supervisory board members: Māris Gailis,

Eike  Benke,  Fricis Gautīrs, Eberhards Krancs, Reiners Lēmans, Stefans

F.  Zaipls,  Mattiass Keuhels, Vasīlijs Fadejevs, Jeļena Karpeļa, Igors

Nazarovs, Vlada Rusakova, Juris Savickis.

3. To pay dividends out of 2001 profits (LVL 10,509,357) at total value

LVL  6,783,000  or  64.5% (LVL 0.17 per paid in share). Dividend record

date is July 22, 2002, and payment date is July 25, 2002. To reduce the

reserves  by  LVL  87,937  -  unrealised  revenues  from  investment in

Daughter Company. To transfer LVL 3,814,294 to company reserves.

4.  To  pay  the  company  employees  a  one-time  bonus  for  the 2001

performance,  total  amount  LVL  1,447  thousand, LVL 299.4; mandatory

social  insurance  payment  LVL  299.4  thousand.  To  pay  from  above

mentioned  amount  JSC Latvijas Gāze Supervisoru Board members one-time

bonus  for the 2001 performance in the amount of 2 monthly salaries and

to  Chairman  of  Supervisory Board Maris Gailis and to Deputy Chairman

and   acting  Chairman  in  2001  V.Fadejevs in the amount of 4 monthly

salaries in proportion to the time spent as Chairman;

5.  To approve company budget for 2002: net turnover LVL 101,7 million,

revenues  from  core  business  LVL  100,3  thousand,  net profit LVL 5

million. In 2002 JSC "Latvijas Gāze" capital investments are planned in

the amount of LVL 15.3 million.

6.  To elect auditor company PricewaterhouseCoopers SIA as JSC Latvijas

Gāze  auditors  in  2002  and  2003  in compliance with IAS ( certified

auditor Juris Lapše, certificate No 116);

7. To discharge Jānis Kalvāns from responsibilities of Management Board

member as of August 15, 2002. To elect Uldis Auniņš as Management Board

member for 1 year, starting August 15, 2002.

8.  To  discharge  Vasilijs Fadejevs from responsibilities of member of

Supervisory  Board as of July 12, 2002 and to pay a bonus in the amount

of USD 29 400. To elect as members of Supervisory Board for the rest of

Supervisory Board term Kirils Seļezņovs and Aleksandrs Krasņenkovs.

On  July  12,  2002  for the rest of term JSC Latvijas Gāze Supervisory

Board  elected  Aleksandrs Krasņenkovs as Chairman of Supervisory Board

and Juris Savickis as Deputy Supervisory Board Chairman.

JSC  Latvijas  Gāze  net turnover in first 6 month of 2002 was LVL 48.7

million  (  by  3.3%  less  than  last year) and net profit was LVL 4.8

million  ( by 10.78% less than last year). In first 6 month of 2002 JSC

Latvijas Gāze sales of natural gas reached 755 million cubicmetres ( by

5.7% less than last year).