Gazprom’s Board of Directors will meet on March 29, 2006, at 3pm Moscow time. The meeting agenda is as follows:

• Progress in Gazprom’s structural reform;
• Gazprom’s strategy for Gazprombank;
• Plan of measures aimed at increasing gas supply to and creating an underground gas storage facility in the Kaliningrad region;
• Implementing Gazprom’s export strategy in relation to broader direct sales of natural gas to European consumers;
• Substantiating the need to increase domestic gas prices.