Gazprom Board of Directors meeting in absentia has been held.

The Board of Directors approved Gazprom’s purchase of two stock holdings in Sibneft (72.663% and 3.016%).

Reference:

On September 28, 2005, Gazprom and Millhouse Capital signed binding documents regarding the purchase of 72.663% of Sibneft shares. The deal is valued at US$ 13.091 billion.

Earlier Gazprom signed the deal to purchase 3.016% of Sibneft stock from Gazprombank.

Consequently Gazprom has gained control of 75.679% of Sibneft shares.

Gazprom Management Committee approved these deals on September 28, 2005.