Gazprom’s Headquarters hosted today a working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Brady W. Dougan, Chief Executive Officer of Credit Suisse First Boston (CSFB) Bank.

The meeting addressed matters related to the current and future cooperation, debating, in particular, CSFB’s potential involvement in liquefied natural gas projects on project financing terms.

Alexey Miller and Brady Dougan gave a high evaluation of interaction between the parties in raising funds to implement Gazprom’s large-scale projects.

Reference:

Credit Suisse First Boston (CSFB) is a business unit of Credit Suisse Group - one of the Europe-largest finance groups of companies and is a leading global investment bank with over USD 500 billion in assets. CSFB’s major businesses include debt and equity capital markets, investment banking and direct investments. CSFB has been active in Russia since 1993.

CSFB and Gazprom have so far been cooperating for many years. In 1996, the Bank acted as joint lead manager on Gazprom’s ADR placement. In 1999, CSFB arranged for Gazprom a USD 375 million loan. In 2002, CSFB served as bookrunner on Gazprom’s debut USD 500 million and 2nd USD 700 million Eurobond issues. In 2003, the Bank landed Gazprom a USD 100 million loan.

Over 2004, CSFB has continued to actively cooperate with Gazprom, in particular, serving as co-underwriter on Gazprom’s USD 1.2 billion 30-year bond offering and providing direct unsecured financing worth USD 400 million.

DIVISION OF RELATIONS WITH MASS MEDIA