Decisions of Annual General Meeting of shareholders of JSC “Latvijas Gāze”


Hereby I am informing that Annual General Meeting of shareholders of Joint
Stock Company “Latvijas Gāze” took place on 6 July 2007. Shareholders meeting
approved following decisions: 

On the first item of the Agenda - Reports of the Board, the Council and the
sworn auditor: 

To take notice of the report of the Board, the report of the Council and the
statement of the sworn auditor of Joint Stock Company “Latvijas Gāze”. 

On the second item of the Agenda - Approval of Annual reports for the year 2006:

To approve the following Annual Reports of the Joint Stock Company “Latvijas
Gāze” prepared by the Board and revised by the Council: 
1)	“Joint Stock Company “Latvijas Gāze” Annual Accounts for the year 2006”
prepared in compliance with the Companies Annual Reports Law of the Republic of
Latvia; 
2)	“Joint stock Company “Latvijas Gaze” Annual Accounts for the year 2006”
prepared in compliance with International Financial Reporting Standards. 

On the third item of the Agenda - Distribution of profit for the year 2006:

1)	To approve the net profit for the year 2006 of Joint Stock Company “Latvijas
Gāze” LVL 21 007 255, including the share of the profit not available for the
distribution LVL 1 175 456. 
2)	To utilise the profit for the year 2006 available for the distribution LVL
19 831 799 as follows: 
a.	to pay in dividends LVL 11 970 000 or LVL 0.30 per one share, determining 12
December 2007 as the record date of calculation of dividends and 21 December as
the date of payment of dividends; 
b.	to transfer LVL 7 861 799 to reserves provided by the Articles of
Association to Joint Stock Company “Latvijas Gāze”. 

On the fourth item of the Agenda - Election of the auditor for the audit of
Annual reports for the year 2007 and determination of the remuneration for the
auditor: 

To elect the sworn auditor company “PricewaterhouseCoopers” SIA (commercial
company licence No.5) as the auditor of the Annual Reports, the report, the
accountancy and the financially commercial activities of the Joint Stock
Company “Latvijas Gāze” for the year 2007, determining remuneration according
to the tender submitted in the closed price inquiry. 

On the fifth item of the Agenda - Determination of the remuneration for the
members of the Council. 

To pay a single additional payment for the performance in the year 2006 to the
chairman of the Council of the Joint Stock Company “Latvijas Gāze” amounting 4
(four) monthly remunerations, to the Vice-chairmen of the Council amounting 3
(three) monthly remunerations and to the members of the Council amounting 2
(two) monthly remunerations in proportion to their duration in the Council of
the Joint Stock Company “Latvijas Gāze” in 2006. 

Chairman of the Management Board					A.Dāvis