Gazprom's Management Committee examined today the issue of the Company's readyness to hold the Annual General Shareholders' Meeting slated for 25 June 2004. The Management Committee ordered the Shareholders' Meeting Preparatory and Holding Commission to finalize all the arrangements for the Meeting within a previously set period.

Reference:

In the course of preparations for the Annual General Shareholders' Meeting, Gazprom ensured for the Company's Management Committee and Board of Directors to timely receive all the necessary materials (including Gazprom's 2003 Annual Report and other documents) required by the Federal Law on joint-stock companies and the Order by the RF Federal Commission for the Securities Market to ratify the Provision on additional requirements applied towards the rules of preparing for, summoning and holding the General Shareholders' Meeting.

At the same time, Gazprom posted within a predetermined period a notice on the Shareholders' Meeting holding in the Trud and Tribuna newspapers and on the corporate Web-site. In addition, Gazprom's subsidiaries and Gazprombank's depositories were provided with informative materials to be distributed among shareholders during preparations for the Shareholders' Meeting.

In making arrangements for the Meeting, Gazprom's representatives held meetings with corporate shareholders located in the city of Yekaterinburg, the town of Novy Urengoi as well as in Moscow, London and New York.

Official registration of the General Shareholders' Meeting members will take place on 23 June, from 10:00 a.m. to 17:00 p.m. and on 25 June, starting 9 a.m. The Meeting itself will be called to order on 25 June, at 10 a.m. Moscow time.

DIVISION OF RELATIONS WITH MASS MEDIA