An ordinary meeting of Gazprom’s Board of Directors will take place on 23 July 2004, at 3:00 pm Moscow time. The meeting agenda will be as follows:

• Introducing project financing schemes while making investments;
• Improving Gazprom’s depreciation policy;
• Improving Gazprom’s corporate governance;
• Approving remuneration to the auditor for examining Gazprom’s 2004 financial accounts;
• Setting up the Mezhregiongazholding company;
• Gazprom’s Board of Directors’ business plan;
• Gazprom’s Board of Directors’ Asset Evaluation Committee.

DIVISION OF RELATIONS WITH MASS MEDIA