OGZD.L Regulatory News (OGZD)

24 May 2007 18:22

Oao Gazprom24 May 2007 PRESS-RELEASE 24 May 2007Moscow NOT FOR DISTRIBUTION IN THE US, CANADA, JAPAN OR RUSSIA OJSC GAZPROM PLACES EUR 700 MILLION AND A BENCHMARK ISSUE OF GBP 550 MILLION OF LOAN PARTICIPATION NOTES Today OJSC Gazprom priced EUR 700 million of loan participation notes, dueOctober 31, 2014 and a benchmark issue of GBP 550 million of loan participationnotes, due October 31, 2013. The notes will be issued by Gaz Capital S.A., aLuxembourg special purpose vehicle, under Gazprom's Loan Participation NoteProgramme. The loan participation notes were priced at par. The EUR denominated notes havean annual coupon of 5.364%, and the benchmark issue of GBP denominated noteshave an annual coupon of 6.580%. ABN AMRO Bank N.V. and Societe Generale actedas joint bookrunners with respect to the EUR denominated notes. ABN AMRO BankN.V. and Morgan Stanley & Co. International plc acted as joint bookrunners withrespect to the benchmark GBP denominated notes. The proceeds of the offering will be used to finance a loan to OJSC Gazprom. Theproceeds of the loan to OJSC Gazprom will be used to refinance the bridgefacility used for the acquisition by OJSC Gazprom of 50% plus one share ofSakhalin Energy Investment Company Ltd. OJSC GAZPROM INFORMATION DIVISION These materials are not an offer for sale of any securities of OJSC Gazprom inthe United States. Any securities of OJSC Gazprom may not be offered or sold inthe United States absent registration or an exemption from registration underthe U.S. Securities Act of 1933, as amended. OJSC Gazprom does not intend toregister any portion of the offering in the United States or to conduct a publicoffering of any securities in the United States. This communication is only being distributed to and directed only at (a) personswho are outside the United Kingdom or (b) investment professionals fallingwithin Article 19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (the "Order") or (c) high net worth entities, and otherpersons to whom it may lawfully be communicated, falling within Article 49(2) ofthe Order (all such persons mentioned in (a), (b) and (c) together beingreferred to as "relevant persons"). Any securities mentioned in thiscommunication will only be available to, and any invitation, offer or agreementto subscribe, purchase or otherwise acquire such securities will be engaged inonly with, relevant persons. Any person who is not a relevant person should notact or rely on this document or any of its contents. This document is not a prospectus and, to the extent that it may constitute anadvertisement, it does not constitute an offer to sell or the solicitation of anoffer to purchase notes or other securities of Gaz Capital S.A. or OJSC Gazprom.Investors should not subscribe for any notes referred to in this documentexcept on the basis of the information contained in the final prospectus and/orfinal terms relating to the notes. The base prospectus was published on 6 March2007. A prospectus supplement and final terms with respect to the EURdenominated notes and a final series prospectus with respect to the benchmarkGBP denominated notes are expected to be published on 4 June 2007 in respect ofthe EUR denominated notes and 8 June in respect of the GBP denominated notes.Investors will be able to obtain a copy of them from Deutsche Bank AG, LondonBranch, 1 Great Winchester Street, London EC2N 2DB, United Kingdom, DeutscheBank Luxembourg S.A., 2 Boulevard Konrad Adenauer, L-1115, Luxembourg andDeutsche International Corporate Services (Ireland) Limited, 5 HarbourmasterPlace, IFSC, Dublin, Republic of Ireland, as Paying Agents and from Gaz CapitalS.A. at 2 Boulevard Konrad Adenauer, L-1115, Luxembourg. This press release is not a public offer or advertisement ofsecurities in the Russian Federation, and is not an offer, or an invitation tomake offers, to purchase any securities in the Russian Federation. phones: (495) 719-28-01fax: (495) 719-90-08e-mail: pr@gazprom.ruhttp: // www.gazprom.ru This information is provided by RNS The company news service from the London Stock Exchange