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GAZPROM

March 15, 2005

On the results of Alexei Miller and Michael Klein's working meeting

Today at Gazprom headquarters Alexei Miller, Chairman of Gazprom Management Committee, held a working meeting with Michael Klein, Managing Director, CEO, Global Banking, Citigroup.

During the meeting Alexei Miller informed Michael Klein regarding the preparation measures in Gazprom shares' market liberalization, the corporate development strategy in the gas industry and Gazprom's oil business expansion's prospects.

Reference:

Citigroup is one of the leading financial institutions in the world. In 2003, its revenue was US$ 94.7 billion, net profit - US$ 17.9 billion. Citigroup is rated AA1 by Moody's and AA by Standard & Poor rating agency.

Citigroup took part in arranging a number of syndicated loans for Gazprom used for Yamal-Europe gas pipeline construction, and was the lead manager for Gazprom's initial Eurobonds placement.

 

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

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