Gazprom’s Board of Directors’ ordinary meeting will be held on February 25, 2004, at 3:00 pm Moscow time. The meeting agenda is as follows:

• Gazprom’s long-term borrowings strategy for the period up to 2013
• Control procedures over the Company’s budgetary surplus
• Arrangements for an auditing companies’ tender to conduct obligatory annual audit of the Gazprom Group of companies in 2004
• Approval of the Report on the results of Gazprom’s A3 documentary, non-convertible, interest bearing, pay-to-bearer bond issue

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