JSC "Latvijas Gaze" shareholders general meeting took place on June 20,

2001.

Following resolutions were made:

1. To confirm 2000 Annual report and 2000 consolidated Annual report.

Consolidated  report:  net  turnover - LVL 91,927 million, net profit -

LVL 8,223

million. Annual report: net turnover - 87,381 million, net profit - LVL

8,297

million.

2. To discharge from responsibility for 2000 following Management Board

members:

Adrians  Davis,  Bertolds  Fliks,  Aleksandrs Mihejevs, Franks Ziberts,

Anda  Ulpe,  Janis  Kalvans,  Gints  Freibergs  and  Supervisory  Board

members:  Maris  Gailis,  Eike Benke, Fricis Gautirs, Eberhards Krancs,

Reiners  Lemans,  Stefans  F.Zaipls, Vasilijs Fadejevs, Jeļena Karpeļa,

Igors  Nazarovs,  Vlada  Rusakova,  Juris Savickis, Krists Skuja, Juris

Vinkelis, Janis Zelmenis.

3.  From  JSC  "Latvijas Gaze" 2000 profit - LVL 8 297 889.08 to pay in

dividends  LVL  5  187  000 or 62,5% ( LVL 0,13 per share), record date

July  2,  2001 and payment date. LVL 3 022 922,08 (36,4%) will go in to

company  reserves  according  to  company  charter,  but  SIA "Latvijas

propana  gaze"  profit  LVL  87  937  (1,1%)  will  go  to  reserves as

UN-realised revenues from investment in daughter company.

4.  To  pay  to  employees  of  JSC  "Latvijas Gaze" surcharge for 2000

financial  results  from reserves formed for this purpose - LVL 1 556,4

thousand;

5.  To  confirm  JSC "Latvijas Gaze" 2001 budget: revenues - LVL 95,358

million and profit - LVL 4,105 million.

6.  To  inform  shareholders  on  decision  of Supervisory Board member

Eberhard Kranz to leave responsibilities of member of Supervisory Board

as of July 31, 2001. To elect Matthias Keuchel to Supervisory Board for

the 2-year term, starting August

1, 2001. To release Maris Gailis Chairman of Supervisory Board from his

responsibilities as of June 20, 2001 on his own request; to elect Gints

Freibergs  as  member of Management Board for the 2-year term, starting

August 16,

2001.