A regular meeting of the Gazprom Board of Directors will take place on September 27, at 3:00pm Moscow time. The meeting agenda is scheduled to include the following items:

• Gazprom’s preliminary operating highlights for the 1st half of 2006 and making changes in the Company’s Investment Program and Budget (Financial Plan) for 2006;
• Gazprom’s oil business strategy;
• Gazprom’s involvement in a Russia-Kazakhstan joint venture to process hydrocarbon feedstock from the Orenburg and Karachaganak fields on the platform of the Orenburg Gas Processing Plant;
• Streamlining the Gazprom and its subsidiaries’ non-core asset divestiture rules;
• Consolidating Gazprom’s assets in the household gas appliances manufacture sector.