The Board of Directors’ meeting is underway at Gazprom’s Headquarters.

The Board heard a report on Gazprom’s equity owned by subsidiaries.

Reference:

In June 2005 Rosneftegaz and Gazprom’s subsidiaries (Gazprombank, Gazprom Finance BV, Gazprominvestholding and Gazfond) clinched the deals on purchase & sale of Gazprom’s 2,542,500,000 shares, which is 10.7399% of the Company’s authorized capital. As a result, the state’s share in Gazprom’s authorized capital increased to a controlling stake.