An ordinary Meeting of Gazprom's Board of Directors will be held on 25 May 2004, at 3pm local time. The Meeting Agenda will be as follows:

• Determining the time and place of Gazprom's annual General Shareholders' Meeting as well as the postal address, where filled out ballots may be sent to;
• Approving Gazprom's annual General Shareholders' Meeting Agenda;
• Discussing Gazprom's Draft Annual Report for 2003 and distribution of the Company's profits based on the results of the financial year;
• Fixing the dividend amount and payment procedure depending on various share classes;
• Examining Gazprom's (the parent company's) annual financial statements for 2003 filed in accordance with Russian legislation;
• Fixing Gazprom's Board of Directors and Auditing Commission's remuneration;
• Appointing Gazprom's auditor;
• Preparing a list of information (materials) to be submitted to shareholders in making arrangements for Gazprom's annual General Shareholders' Meeting and the regulations, under which the above-mentioned information is commonly submitted;
• Determining the wording of voting ballots to be used during Gazprom's annual General Shareholders' Meeting;
• Discussing the rules of notifying shareholdres of the Company's annual General Shareholders' Meeting;
• Appointing the Presidium and Chairman of Gazprom's annual General Shareholders' Meeting;
• Placing Gazprom's ruble bonds with a 5-year maturity;
• Placing Gazprom's ruble bonds with a 3-year maturity;
• Placing Gazprom's ruble bonds with a 4-year maturity.

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