At a meeting held today at Gazprom’s headquarters the Company’s Board of Directors fixed February 3, 2004, as the floatation date of Gazprom’s A3 series non-convertible interest-bearing documentary bonds.

Reference:

On August 5, 2003, the RF Federal Commission for the Securities Market registered Gazprom’s Prospectus of the A3 series non-convertible interest-bearing documentary bonds (with obligatory centralized custody). The issue state registration number is 4-03-00028-A.

The RR 10 billion bond issue has the maturity period of 3 years. Gazprom’s Board of Directors adopted the Bond issue resolution on June 26, 2003.

The Board of Directors delayed the consideration of the issue of the Company’s procurement system contest-based development until the next meeting.

DIVISION OF RELATIONS WITH MASS MEDIA