The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Richard Paterson, Global Energy, Utilities and Mining Leader of PricewaterhouseCoopers.

The parties addressed the key aspects of cooperation placing an emphasis on the long-term and efficient partnership between Gazprom and PricewaterhouseCoopers that covers a wide spectrum of businesses. They include auditing services, finance outsourcing in global financial markets, consulting on taxation and currency exchange control issues.

The meeting also highlighted that the participation of PricewaterhouseCoopers in creating the automated system for consolidated financial statements compilation in Gazprom was important and enabled developing optimal approaches.

Background:

PricewaterhouseCoopers International Group of Companies is a global leader in auditing and consulting services. Through a network of its international representative offices, PricewaterhouseCoopers Group provides professional services in many locations worldwide including Russia (via PricewaterhouseCoopers Audit and affiliated company PricewaterhouseCoopers Russia).

Gazprom and PricewaterhouseCoopers Audit started cooperation in 1995. Currently, PricewaterhouseCoopers Audit renders the following auditing services to Gazprom:

auditing annual accounting statements of Gazprom (parent company) prepared in compliance with the Russian legislation;

auditing annual consolidated accounting statements of Gazprom Group prepared in compliance with the Russian legislation;

auditing consolidated financial statements of Gazprom Group prepared in compliance with the International Financial Reporting Standards.

PricewaterhouseCoopers Audit also serves as the auditor for a range of large subsidiaries of Gazprom.