Today Chairman of Gazprom’s Management Committee A.B. Miller held a briefing with Gazprom’s managers of main Divisions of the Company. During the briefing Mr. Miller notified the managers that the Government of Russian Federation had proposed a scenario to increase its stake in OJSC Gazprom by means of share transfer. Such increase will be realised by the transfer of the shares of the OJSC Rosneft, which will become a 100% owned subsidiary of Gazprom.

The working group tasked with the second stage Gazprom reform was assigned with responsibility to prepare the Action Plan on Integration of Assets of OJSC Gazprom and OJSC Rosneft.

At present time, the Government of Russian Federation and Gazprom commenced joint discussions on a scenario of such exchange on the basis of the market principles.

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