Gazpom’s Board of Directors’ ordinary meeting to be held on February 25

Gazprom’s Board of Directors’ ordinary meeting will be held on February 25, 2004, at 3:00 pm Moscow time. The meeting agenda is as follows:

• Gazprom’s long-term borrowings strategy for the period up to 2013;
• control procedures over the Company’s budgetary surplus;
• arrangements for an auditing companies’ tender to conduct obligatory annual audit of the Gazprom Group of companies in 2004;
• approval of the Report on the results of Gazprom’s A3 documentary, non-convertible, interest bearing, pay-to-bearer bond issue.

Information Directorate, OAO Gazprom