Shareholders Meeting approves Annual Report, annual Accounting Statements and dividend amount

The annual General Shareholders Meeting of Gazprom has approved the Company’s 2006 Annual Report and Accounting Statements including Profit and Loss Accounts and decided on the distribution of profit (dividends inclusive) based on the financial year results.

Based on the Gazprom 2006 operating highlights, the Shareholders Meeting approved RUR 2.54 per 1 share in dividends (69 per cent up on last year), which is the maximum dividend amount ever paid out by the Company.

The total sum earmarked as dividends payable based on the 2006 results accounts for RUR 60,130.7 mln, or 17.5 per cent of overall net profit. December 31, 2007 was fixed as the dividend distribution deadline. These decisions are fully in line with the Board of Directors’ recommendations.

The Shareholders Meeting also decided on the remuneration of the Gazprom Board of Directors and Audit Commission Members, who are not holding public office in the Russian Federation or doing state civil service, in the amount recommended by the Board of Directors.

Information Directorate, OAO Gazprom

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