Draft  resolutions  for  JSC "Latvijas Gāze" AGM of shareholders, to be

conducted on July 12, 2002:

  * 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.

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

    performance, total amount LVL 1,447 thousand;

  * To approve company budget for 2002: revenues form core business LVL

    100,263.3  thousand;  expenditures  LVL  92,252.0  thousand;  gross

    profit LVL 11.1 million; profit after corporate tax LVL 5 million.