A regular meeting of the Gazprom Board of Directors will take place on February 4, at 3:00pm Moscow time. The meeting agenda is scheduled to include the following items:

- On Gazprom’s annual General Shareholders Meeting related issues;

- On consideration of proposals regarding candidate nominations for the Gazprom Board of Directors and Revision Commission, as well as agenda items for the Company’s annual General Shareholders Meeting;

- On the current status of Gazprom’s consolidated debt load;

- On the progress in implementing the Company’s Oil Business Strategy;

- On the structure of procurement for Gazprom’s needs and the measures taken by the Company to increase the share of purchases from domestic producers;

- On the execution of the Gazprom Board of Directors’ resolution ¹432 “On the concept for demonopolizing Gazprom’s construction activities and the action plan intended for its implementation”, dated February 25, 2003.