Gazprom Board Of Directors To Discuss Issue Of Eurobonds

The Board of Directors of Gazprom will discuss a number of questions at its meeting this afternoon. The Gazprom Press Service reports that it is planned to discuss questions of liberalization of the market for shares in Gazprom, issue and placement of Eurobonds, as well as the implementation of the resolution of the Gazprom Board of Directors of April 24, 2001 'On the Concept of Development of the SIBUR Company.' The possibility of buying back 32% of the shares in the Purgaz closed corporation by Gazprom will also be considered. The Board of Directors is to approve contracts for an audit of Gazprom's accounting reports; the integral accounting report of Gazprom Group, prepared in accordance with Russian accounting standards; a consolidated accounting report of Gazprom Group prepared in accordance with international accounting standards. Additionally, questions of Gazprom's additional contribution to the authorized capital of VNIIGAZ Ltd., as well as of the deal on selling a block of shares in the Lider closed corporation by Gazprom were included on the agenda of the meeting of the Board of Directors.

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