An ordinary meeting of Gazprom’s Board of Directors will take place on 23 December 2004, at 4:00 pm Moscow time. The meeting agenda will be as follows:

• Gazprom’s 2005 budget (financial plan), investment program and cost reduction program;
• Principles of interaction between Gazprom and Sibur;
• Gazprom’s top executives’ remuneration;
• Addressing the transaction on Gazprom’s acquisition of Stimul’s shares;
• Gazprom’s Board of Directors’ business plan for the 1st quarter of 2005.

DIVISION OF RELATIONS WITH MASS MEDIA