Today, Gazprom’s Headquarters has hosted a working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Michael Klein, Chief Executive Officer of Citigroup’s Global Banking.

Alexey Miller informed Michael Klein of the progress in preparations for the Gazprom’s share market liberalization and of the corporate strategy in the global energy market.

To this end, the parties addressed potential joint activities in the fund raising and business diversification sector as well as issues surrounding interaction while implementing Gazprom’s promising investment projects in Russia and abroad.

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Citigroup is one of the world’s largest financial institutions. Its 2004 earnings and net profit totaled US $86.2 bln and US $17.0 bln, respectively. Citigroup is AA1- and AA-rated by Moody’s and Standard&Poor’s, respectively.

Citigroup has acted as co-arranger of a range of syndicated loans taken by Gazprom to construct the Yamal-Europe gas pipeline as well as served as lead manager on the Gazprom’s debut Eurobond issue. Citigroup provided a fairness opinion on the deal aimed at increasing the state’s share in Gazprom’s authorized capital.

DIVISION OF RELATIONS WITH MASS MEDIA