Board of Directors meeting - AGM related issues

04.02.2011

Board of Directors reviews annual General Shareholders Meeting related issues

The Board of Directors resolved to convene the annual General Shareholders Meeting of Gazprom on June 24, 2011 in Moscow.

A list of the persons entitled to take part in the Shareholders Meeting will be drawn up on the basis of the Gazprom Register of Shareholders as at the end of the business day on May 6, 2011.

The Board of Directors approved the lists of nominees for the Gazprom Board of Directors and the Audit Commission, to be voted for at the Shareholders Meeting.

The Board of Directors put the following items on the Shareholders Meeting agenda:

·; approval of the Company's Annual Report;

·; approval of the Company's annual Accounting Statements including the Profit and Loss Statement (Profit and Loss Accounts);

·; approval of the Company's profit distribution based on the results of 2010;

·; on the amount, terms and form of the dividends payment based on the resultsof 2010;

·; on the remuneration payment to the Board of Directors (Supervisory Council) Members (non-government officials) in the amount prescribed by the Company's regulatory documents;

·; election of the Board of Directors (Supervisory Council) Members;

·; election of the Audit Commission Members;

·; approval of the Company's Auditor;

·; on the remuneration of the Audit Commission Members.

Background:

The list of nominees for the Gazprom Board of Directors to be voted for at the annual General Shareholders Meeting is as follows: