Under the Board of Directors’ recommendations, PricewaterhouseCoopers Audit was approved by Gazprom’s Annual General Shareholders’ Meeting as the Company’s auditor for 2004.

Reference:

PricewaterhouseCoopers Audit is the Russian branch of the PricewaterhouseCoopers International Group of Companies - one of the world’s leaders in rendering auditing and consulting services. The company renders its professional services in most countries of the world through a network of its international agencies.

PricewaterhouseCoopers started operating on the Russian market back in 1913 and, after a long period of absence, resumed its activities in 1989.

Gazprom and PricewaterhouseCoopers Audit’s cooperation began in 1995. In the meantime, PricewaterhouseCoopers Audit’s services rendered to Gazprom are as follows:

• auditing Gazprom’s (parent company’s) financial accounts pursuant to the requirements of the Russian legislation;
• auditing the Gazprom Group’s annual consolidated financial accounts filed in accordance with the requirements of the Russian legislation;
• auditing the Gazprom Group’s annual consolidated financial accounts filed under the International Financial Reporting Standards.

PricewaterhouseCoopers Audit is also the auditor of Gazprom’s major subsidiaries.

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