On Program for managerial staff participation in Gazprom’s equity capital

The Program for managerial staff participation in Gazprom’s equity capital is introduced at the Company.

The Program is aimed at creating an extra financial interest of the Company’s key employees in increasing the market value of Gazprom’s shares.

The Program terms envisage that the top managers are the owners of Gazprom’s shares. The top managers may purchase shares either at their own expense or on account of loan funds extended by Gazprombank (Joint Stock Company) under the Program.

Participation in the Program is allowed for Gazprom’s executives holding the positions from Department Heads and higher as well as Heads of subsidiary companies. In 2017, 71 managers had the right to participate in the program.