The regular meeting of the company was held today at Gazprom’s Headquarters.

The Management Committee has considered questions concerning organization of work to prepare the annual General meeting of the Company’s shareholders.

The Management Committee has decided to make a proposal for consideration by Gazprom’s Board of Directors to conduct the General meeting of the Company’s shareholders on the 24th of June, 2005in Moscow. The proposal to compile the list of persons having right to participate at the shareholders’ meeting on the basis of the record of the shareholders as of the end of the operational day – the 6th of May, 2005 was submitted.

The Management Committee has approved:

• The staff of the Commission to arrange and conduct the annual shareholders’ Meeting headed by Mikhail Sereda, the Deputy of the Chairman of the Management Committee and the Chief of the Administration of Gazprom’s Management Committee;
• Arrangements to prepare and conduct the Meeting;
• Measures to compile and issue Gazprom’s annual report for 2004.

The Commission was charged with preparation of the needed materials for the Meeting to be submitted for consideration by Gazprom’s Board of Directors.

The Management Committee has approved in general the draft Provisions on exposure of information concerning Gazprom. It was decided to introduce the Provisions for approval by the Board of Directors.

The Provisions were elaborated based on Gazprom’s Code of Corporate Governance (Behavior) determining information on the Company’s activity, which is opened by the Society in accordance with the legislation of the Russian Federation and internal documents, as well as procedure of its receipt by the shareholders and other persons concerned.

The Document is urged to facilitate Gazproms’ openness and transparency.

DIVISION OF RELATIONS WITH MASS MEDIA