Gazprom to pay USD 310 million in dividends for 2002

Gazprom shareholders yesterday voted at the company's annual general meeting to approve dividends for 2002 at 40 kopecks per ordinary share. The company will pay out a total of 9.47 billion roubles (about USD 310 million) in dividends to be issued by December 31, 2003.

Gazprom shareholders also approved the company's annual report and accounts for 2002, including a report on profits and losses. The shareholder decisions fully correspond to the recommendations made by the board of directors. Gazprom's shareholders also approved proposed remuneration levels for the board of directors and the audit commission. The company's directors and members of the audit commission will receive 1,530,000 roubles and 443,000 roubles respectively. The company's auditors in 2003 will be PriceWaterhouseCoopers.

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