OGZD.L Regulatory News (OGZD)

22 May 2007 14:56

Oao Gazprom22 May 2007 PRESS-RELEASE 22.05.2007Moscow BOARD OF DIRECTORS CONSIDERES GAZPROM SHAREHOLDERS' MEETING ISSUES The Gazprom Board of Directors' meeting is held at the headquarters of Gazprom. The Board resolved to hold the Gazprom Annual General Shareholders' Meeting onJune 29, 2007, starting from 10am Moscow time, at Gazprom's headquarters, andinitiate registration of participants on June 27, from 10am till 5pm and on June29, from 9am. The Board also resolved to provisionally endorse and submit for theShareholders' Meeting approval the Gazprom 2006 Annual Report and the Gazprom(parent company) 2006 financial accounts prepared in accordance with Russianlegislation. The Board has recommended the Shareholders' Meeting to approve the allocation ofGazprom's net profit based on the 2006 operating results. The Board has recommended the Shareholders' Meeting to approve proposals to payout RUR 2.54 per share in annual dividend (a more than 69% increase versus theprevious year) based on the Gazprom 2006 operating results and set December 31,2007 as the dividend payment deadline. The Board endorsed proposals on the remuneration of the Board of Directors andthe Revision Commission. The Board formed the Gazprom Annual General Shareholders' Meeting Presidium madeup of the Board Members and approved Dmitry Medvedev, the Chairman of Gazprom'sBoard of Directors, as the Shareholders' Meeting Chairman. The Board reviewed the results of the open tender for the selection of anauditing company responsible for performing statutory annual audit of Gazpromand nominated the tender winner - PricewaterhouseCoopers Audit as Gazprom'sauditor, subject to approval by the Shareholders' Meeting. The Board submitted for the Shareholders' Meeting approval draft amendments inthe Gazprom Charter, as prescribed by the modified Federal Law on Joint-StockCompanies. The Board also adopted decisions on other matters relative to the GazpromGeneral Shareholders' Meeting preparation and holding. OAO GAZPROM INFORMATION DIVISION contact phone numbers: (495) 719-10-77, 719-49-37, 719-47-36, 719-28-01fax: (495) 719-90-08e-mail: pr@gazprom.ruhttp:// www.gazprom.com This information is provided by RNS The company news service from the London Stock Exchange