Information from JSC Latvijas Gāze regarding a registered commercial collateral in the amount of LVL 26 million

JSC Latvijas Gāze has received a short-term loan from SEB Latvijas Unibanka, in
order to procure natural gas from OJSC Gazprom that has accumulated in the
Incukalns underground gas storage. For the security of this loan, a commercial
collateral has been registered at the Enterprise Register for the maximum claim
sum of LVL 26.4 million. Total amount of loan equals to EUR 28.5 million and
its term of payment is one year with a free repayment schedule. Loan repayment
will be carried out after the delivery of the procured natural gas to JSC
Latvijas Gāze customers in 2008. Preliminary purchase of natural gas would be
beneficial to JSC Latvijas Gāze and its clients due to expected rise of the
natural gas purchasing price by January 1, 2008. 

Commercial representative
Vinsents Makaris
Tel. + (371) 7369144