Gazprom's website is extended with the 'Revocation of power of attorney by Gazprom' page.

The page posts announcements of revocation of the Company's powers of attorney as well as powers of attorney issued within transfer of authority based on the mentioned powers of attorney.

The page is introduced to facilitate the third parties access to the relevant data.

Background

Transfer of authority is the right of a person to entrust another person with authorities he/she was empowered in accordance with and as stipulated by the power of attorney.

The Federal Law on Amending Subsections 4 and 5 of Section I of Volume I and Article 1153 of Volume III of the Civil Code of the Russian Federation is effective since September 1, 2013. The amendments included, but not limited to, the issues of due notification of the third parties of powers of attorney revocation.

The Law provides for publishing in any official edition addressing solvency issues as one of the way to notify the third parties of a power of attorney revocation. Russia's Government decree stipulated such an edition to be the Kommersant newspaper. Therefore, the information on revocation of Gazprom's powers of attorney, as well as powers of attorney issued within transfer of authorities based on the mentioned powers of attorney to be posted in the abovementioned edition.