Information  on  the  cash  auction  of  JSC "Latvijas Gāze" shares JSC

"Latvijas  Gāze"  1,197,000  common  registered shares will be sold via

cash auction on August 30, 2001.

Orders  will  be  accepted  at  the Riga Stock Exchange from August 29,

2001, 17:00

till  August  30, 14:10. The orders shall be submitted in the procedure

specified  in  the  Riga Stock Exchange Enforcement Note on Trading and

Quotation,  provisions  for  special quotation, as well as according to

the  procedure  approved  by  Management Board of Latvian Privatisation

Agency "Regulations for cash offerings of public shares". JSC "Latvijas

Gāze"  securities  code is LV0000100899. Orders can be entered into the

system  either  by  securities  ISIN code and note LPA, or by technical

code LV0000999258.

Special rules for the auction:

1. Only bids shall be accepted;

2. Minimum price of a share is set at LVL 5.62;

3. Only bids with a specified price shall be accepted;

4. Additional orders will not be accepted;

5. Orders shall be valid only for the special auction at the respective

trading session.

On processing the received data, the stock exchange shall calculate:

1. market price of a share, expressed in lats with the precision of one

santim;

2. the number of shares allocated to winning bidders.

All  bids  where  the  specified  price is above the price fixed at the

auction  are  executed  in  full. All bids where the specified price is

below  the  price fixed at the auction are not executed. The bids where

the  specified  price  is  equal  the price fixed at the auction may be

partly   executed   according   to  distribution  coefficient  Ka.  The

coefficient is calculated according to the formula:

Ka=(A-B)/A(%), were:

A  -  the number of securities at the bids where the specified price is

equal to the price fixed at the auction;

B  -  difference  between  A and the residue of securities at the fixed

price.

Settlement  date  for the deals at the auction shall be on September 4,

2001.