Latvijas Gaze — AGM Information 2017

Mar 31, 2017

Joint Stock Company "Latvijas Gāze" RESOLUTIONS of the extraordinary meeting of shareholders of 31 March 2017

1. On reorganisation

Decision was not taken.

2. Election of the Audit Committee and determination of remuneration for the Audit Committee

Whereas:

• the Financial Instruments Market Law sets forth the requirements for the independence of the Audit Committee:

• 1. to elect at least three members; and
• 1. to elect at least one member of the Council; and
• 1. to ensure that majority of the Committee members are independent (are not the Council members, are not employees of Latvijas Gāze or its auditors etc.);

• the Regulation of the Audit Committee of Latvijas Gāze prescribes three Committee members,

the meeting of shareholders decided:

• 1) Taking into consideration the proposals of the shareholders, to elect Latvijas Gāze Audit Committee in the composition of three members for a three-year period:
  • 1. independent representative sworn auditor Benita Kudore;
  • 1. independent representative sworn auditor Anita Kaņepa;
  • 1. member of the Council Juris Savickis.

Voting results: decision is taken by cumulatively dividing votes.

2) To determine the remuneration for each Audit Committee member EUR 3,600 per year after tax.

Voting results: decision is taken with the required majority of votes.

3. On the amendments to the Articles of Association of the Joint Stock Company "Latvijas Gāze"

Decision was not taken.

Riga, 31 March 2017

Management Board of the Joint Stock Company "Latvijas Gāze"