The Board of Directors’ meeting has come to an end at Gazprom’s Headquarters.

The meeting resolved to form the 7-member Asset Evaluation Committee within the Board of Directors. German Gref, Gazprom’s Board of Directors’ Member and the RF Economic Development and Trade Minister was appointed as Head of said Committee.

The Board of Directors ratified the amount of remuneration to be paid out for auditing Gazprom’s 2004 financial accounts.

The Board of Directors also coordinated the Gazprom’s Management Committee members’ participation in Stimul’s Board of Directors and approved its business plan for the 2nd half of 2004.

DIVISION OF RELATIONS WITH MASS MEDIA