Gazprom’s Board of Directors’ ordinary meeting to be held in January 27

Gazprom’s Board of Directors’ ordinary meting will be held on January 27, 2004, at 3:00 pm Moscow time. The meeting agenda is as follows:

• the Gazprom Group’s Budget (Financial Plan), Investment Program and Cost Reduction Program for 2004;
• enhancement of the Gazprom Group’s procurement system, primarily, through a contest-based award of contracts;
• Sibur’s Development Concept and Business Plan;
• participation of Gazprom’s Management Committee Members in managing corporate investment projects;
• Gazprom’s Board of Directors’ Business Plan for the 1st quarter of 2004.

Information Directorate, OAO Gazprom