Gazprom Neft holds a meeting on the issue of the Gazprom-City Project realization in the Saint Petersburg office of the Company.

Saint Petersburg, August 23, 2006. A meeting on the issue of realization of a major project on constructing a business and administrative centre in Saint Petersburg was held today in the Saint Petersburg Gazprom Neft office at Galernaya Street.

Saint Petersburg Governor Valentina Matvienko, Chairman of the Executive Board of Gazprom Alexey Miller, Gazprom Neft President Alexander Ryazanov, Gazprom Neft Invest General Director Nikolay Tanayev, representatives of the Government of Saint Petersburg as well as heads of six architectural companies – Herzog & de Meuron architekten (Switzerland), Ateliers Jean Nouvel (France), Studio Daniel Libeskind (Germany), Massimilliano Fuksas Architetto (Italy), UK RMJM (Great Britain) and Office of Metropolitan Architects (Netherlands) having won in the preliminary architectural tender participated in the meeting. Alexey Miller and Alexander Ryazanov welcomed the heads of the world leading architectural companies.

The project of building a business and administrative centre at Malaya Okhta in Saint Petersburg is aimed at erecting a complex of buildings with a dominating skyscraper business center. The Company President Alexander Ryazanov pointed out that all architectural workshops having successfully passed the elimination round had a substantial experience in accomplishing of such unique projects at the highest world level.

During the meeting the head of the general investor and building contractor Gazprom Neft Invest Nikolay Tanayev reported on the completed works within the framework of the project. The architectural concept of the project was also discussed with the invited architects.

The next in turn consultation round with the architects is due on August 28, when the architectural concept will be discussed in greater detail. In late October the architectural companies shall present their drafts of the business and administrative centre, after which the public hearings where the presented drafts will be discussed with the representatives of the municipal public organizations are to be held in the middle of November.