PricewaterhouseCoopers Audit has been approved by the annual General Shareholders Meeting of Gazprom as the Company’s auditor for 2008. PricewaterhouseCoopers was declared the winner of an open competitive procedure conducted by the Company in accordance with the Federal Law on the Auditing Activity.

Background:

ZAO PricewaterhouseCoopers Audit is a company established under the laws of the Russian Federation and is a member of the PricewaterhouseCoopers International Group of Companies – a global leader in auditing and consulting services. PricewaterhouseCoopers Group provides professional services in many locations worldwide through a network of its international representative offices.

PricewaterhouseCoopers launched its business on the Russian market back in 1913 and resumed its activity in Russia in 1989.

Gazprom and PricewaterhouseCoopers Audit started cooperating in Russia in 1995. Currently, the services of PricewaterhouseCoopers Audit rendered to Gazprom are as follows:

• Auditing annual accounting statements of Gazprom (parent company) filed pursuant to the requirements of the Russian legislation.
• Auditing annual consolidated accounting statements of Gazprom Group filed in accordance with the requirements of the Russian legislation.
• Auditing consolidated financial statements of Gazprom Group filed under the International Financial Reporting Standards.

PricewaterhouseCoopers Audit also serves as an auditor for a range of prominent subsidiaries of Gazprom.