Gazprom Board of Directors will convene on May 24, at 3pm Moscow time. The meeting agenda will be as follows:

• Approval of the Gazprom Annual General Shareholders’ Meeting agenda;
• Identification of the Shareholders’ Meeting time and venue;
• Gazprom draft Annual Report for 2005;
• Distribution of Gazprom net profit arisen within 2005;
• Recommendations on the amount of, time for and form of payment of annual dividends;
• Gazprom (parent company) annual financial accounts for 2005 filed in accordance with the Russian legislation;
• List of information distributed among shareholders in the course of preparations for the Shareholders’ Meeting and disclosure rules;
• Voting ballot format and wording;
• Rules of shareholder notification of the Shareholders’ Meeting details;
• Board of Directors and Audit Commission’s remuneration;
• Shareholders’ Meeting Presidium and Chairman;
• Results of the open tender among auditors to perform statutory annual audit of Gazprom;
• Gazprom Articles of Association modification.

The meeting will also address other issues, which fall under the authority of the Board of Directors.