A working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Klaus-Peter Muller, Chairman of the Board of Commerzbank AG, was held today at Gazprom’s Headquarters.

The parties discussed prospects for cooperation in attracting investments to implement Gazprom’s large-scale projects.

A. Miller and K.-P. Muller pointed out that Commerzbank was one of Gazprom’s core partners in project financing and highly evaluated joint projects on arranging for long-term loans.

The parties exchanged opinions on financing Gazprom’s projects in the CIS and EU countries.

Reference:

Commerzbank AG is one of the largest financial institutions in Germany and Europe and has branches in 43 countries of the world.

Commerzbank is a member of a range of banking consortiums granting large loans for Gazprom’s projects, including designing the MIDAL-STEGAL and Blue Stream gas pipelines.

At the start of 2004, Commerzbank served as co-arranger for a long-term loan granted to Gazprom.

DIVISION OF RELATIONS WITH MASS MEDIA