Latvijas Gāze                                                    15.06.2005



JSC “Latvijas Gāze” information about proposal for 2004 profit distribution



Current year’s profit                                         Ls 18 873 884



Profit share not available for distribution (unrealized deferred tax income

in connection with fixed assets revaluation)                   Ls 1 079 127



Profit available for distribution                             Ls 17 794 757



Profit distribution proposed:

Calculated shareholders’ dividends (67,3%)                    Ls 11 970 000

Dividend per share (Ls/1 share)                                     Ls 0,30



Transfer to reserves provided for in the Company’s Articles of

Association                                                    Ls 5 824 757



Vinsents Makaris

Phone. 7369144