JSC  "Latvijas  Gāze"  informs  that  Annual  General  meeting  of  the

shareholders took place on July 9, 2004, and resolved on the following:

1. To approve JSC "Latvijas Gāze" annual accounts for the year ended 31

December 2003, a/s "Latvijas Gāze" consolidated annual accounts for the

year  ended  31 December 2003 and "Latvijas Gāze" group annual accounts

for the year ended 31 December 2003.

2.  To  release from responsibility for activities in year 2003 Members

of  the  Board  of Directors - Adrians Davis, Franks Ziberts, Aleksandr

Mikheyev,  Anda  Ulpe, Uldis Aunins, Gints Freibergs and Members of the

Supervisory  Board  - Kirill Seleznyov, Juris Savickis, Fricis Gautirs,

Yelena Karpel, Vlada Rusakova, Aleksandr Krasnenkov, Igor Nazarov, Eiki

Benki, Reiner Lehman, Stefan F. Zaipl, Mattias Keuhel.



3. From JSC "Latvijas Gāze" 2003 profit amounting to LVL 13 015 410:

-  to pay in dividends LVL 9 975 000 or 76.6% (LVL 0.25 per one paid up

share),  to  determine  the  July  12th,  2004  the  date of dividends'

calculation and the July 19th, 2004 the date of dividends' payment;

-  to  transfer  LVL 3 040 410 or 23.4% to reserves provided for by the

Company's Charter.

To  transfer  previous  years'  retained earnings LVL 6 138 to reserves

provided by the Company's Charter.



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

Gāze"  for  the  performance in year 2003 using funds reserved for this

purpose - LVL 1 208.6 thousand:

- LVL 974.0 thousand - single additional payment;

- LVL 234.6 thousand - mandatory state social insurance payment.

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

the  Supervisory  Board  of JSC "Latvijas Gāze" for performance in year

2003 in the amount of two monthly salaries, to the vice-chairmen of the

Supervisory  Board  Juris  Savickis  and Fritz Gautier in the amount of

three  monthly  salaries,  and to the chairmen of the Supervisory Board

Kiril  Seleznev  and Aleksandr Krasnenkov in the amount of four monthly

salaries  in proportion to their term of mandate of the chairman of the

Supervisory Board in year 2003.



5.    To    elect    certified    auditor,   the   commercial   company

"PricewaterhouseCoopers"  SIA  (license  no.  5), as the auditor of JSC

"Latvijas  Gāze"  Annual  Reports  for  years  2004  and  2005 audit in

accordance  with requirements of the accounting standard of Latvia, the

international   financial  accounts'  standard  and  the  international

standard on auditing.



6.  Taking  into  consideration  the applications of the members of JSC

"Latvijas  Gaze" Supervisory Board Stefan F. Zapils and Fricis Gautrīts

to  release  from  positions the members of Supervisory Board Stefan F.

Zapils and Fricis Gautrīts from July 9, 2004.

To pay out bonuses in the amount of three monthly salaries to Stefan F.

Zapils and Fricis Gautrīts for their performance in JSC "Latvijas Gāze"

Supervisory Board.

To  elect Stefans Kampuss and Uvis Fips to the Supervisory Board of JSC

"Latvijas  Gāze"  for  the remaining term of mandate of the Supervisory

Board.



7. To authorise the chairman of the Board of Directors Adrians Davis to

sign  the  documents  of JSC "Latvijas Gāze" related to registration of

the  changes  in  composition of the Supervisory Board of JSC "Latvijas

Gāze"  in  Republic  of  Latvia Enterprise Register, including, to sign

reiterative   application  and/or  claim  to  the  Republic  of  Latvia

Enterprise  Register  in  case  of rejection of registration changes in

composition of Supervisory Board of JSC "Latvijas Gāze".

To  authorise  Inese  Meļķe,  to submit to and receive from Republic of

Latvia  Enterprise  Register  the  documents  of  JSC  "Latvijas  Gaze"

connected  to  registration  of  changes  in composition of Supervisory

Board of JSC "Latvijas Gāze".