Information for OAO Gazprom's Shareholders

Procedure for the Sale of OAO Gazprom's Shares to Physical Persons

• The sale of OAO Gazprom's shares to physical persons is made at a price determined by the company on the basis on the market environment at the time of the transaction and taking into account the parameters of the transaction.
• If the payment is made in cash, the price constitutes 99 percent of the price determined by the company.
• The company reserves its right not to conclude the transaction in an unfavorable market environment.

In order to conclude a transaction the physical person is required to complete the following procedures:

1. Conclude a contract to purchase of shares.

2. Transfer the shares into a depositary or registrar's office in the name of Horizon Investment Company . (The depositary provides fee-based services; the fees are calculated on the basis of the size of the transaction; the payment is made by the seller of the shares).

3. Submit to Horizon Investment Company the original document certifying the transfer of shares; this certificate serves as a basis for the settlement procedure under this transaction.

4. Receive the money. (The payment is effected as a non-cash clearing operation within 2 banking days).

Information and documents required to conclude a sales agreement:

1. Passport (or similar documents);
2. Registered address indicating the ZIP code;
3. Statement from the registrar's office certifying the existence of shares in the account, indicating the number of the individual account (DEPO account in which the shares are deposited);
4. Individual Taxpayer Identification Number (TIN)
5. For non-cash settlement: A copy of all banking information indication the number of the individual account in the bank;
6. If a Power of Attorney is used to conclude the sales transaction, a complete set of information about the owners of the shares is required in accordance with the list above, as well as the date of birth of the owner of the shares.

Contacts:

Vladimir Zhelikov;
Marsim Vatuzov
Tel: 719-1276, 719-2763

Additional Information:

Business hours for physical persons: 10:00AM to 05:00PM; Lunch break: 01:00PM to 02:00PM.