The annual General Shareholders Meeting of Gazprom has approved the Company’s 2007 Annual Report and Accounting Statements including Profit & Loss Accounts and decided on the distribution of profit (annual dividends inclusive) based on the financial year results.

Based on the Gazprom 2007 operating highlights, the Shareholders Meeting approved the dividend amount – RUB 2.66 per one share (4.7 per cent up on the last year), which is the maximum dividend value ever paid out by the Company.

The total sum earmarked as dividends payable based on the 2007 results accounts for RUB 62,971.5 mln, or 17.5 per cent of overall net profit. December 31, 2007 was set as the dividend distribution deadline. These decisions are fully in line with the Board of Directors’ recommendations.

The Shareholders Meeting also decided on the remuneration of the Gazprom Board of Directors and Audit Commission Members, who are neither holding public office in the Russian Federation, nor doing state civil service, in the amount recommended by the Board of Directors.