Moscow today has hosted the Annual General Shareholders’ Meeting of Gazprom. The Company’s Russian and foreign stockholders with a total of 21,202,545,479 shares, which is 89.56% of their overall amount, are taking part in the Shareholders’ Meeting personally, through their trustees or in absentia. As at May 12, 2006, the corporate Register of persons and legal entities entitled to participate in the Shareholders’ Meeting recorded 507,526 corporate equity owners with 23,673,512,900 shares.

In pursuance of a resolution by the Gazprom Board of Directors, Dmitry Medvedev, Chairman of the Gazprom Board of Directors, First Deputy Chairman of the Government of the Russian Federation has been appointed as the Shareholders’ Meeting Chairman. Also attending the Shareholders’ Meeting are the following Board of Directors’ Members: Alexey Miller, Alexander Ananenkov, Burckhard Bergmann, Farit Gazizullin, Elena Karpel, Mikhail Sereda and Igor Yusufov.

The Meeting Agenda includes:

1. Approving the Annual Report

2. Approving the Annual Accounting Statements including Profit and Loss Accounts

3. Approving profit distribution based on the 2005 results

4. On the amount of, time for and form of annual dividend payment based on the 2005 results

5. On the remuneration to the Members of the Board of Directors and Audit Commission

6. Approving Gazprom’s auditor

7. Making changes and amendments in the Gazprom Articles of Association

8. Introducing amendments proposed by the Board of Directors in the Gazprom Articles of Association

9. Endorsing the deals of corporate interest to be potentially executed by Gazprom within regular business activity

10. Electing Members of the Gazprom Board of Directors

11. Electing Members of the Gazprom Audit Commission

At present, Alexey Miller, Chairman of Gazprom’s Management Committee is delivering his Report on the corporate operating highlights over 2005.