Gazprom Neft Board of Directors Reviews Issues of Annual General Meeting of Shareholders

The amount of dividends is calculated in accordance with the principles of the Company’s Regulations for Dividend Policy and amount to 20 per cent of the Company’s 2009 net profit under US GAAP standards. Dividend payout closing date is set for May 31, 2011.
Gazprom Neft will hold its Annual General Meeting of Shareholders on June 29, 2010.
The Board of Directors resolved to preliminarily approve and introduce for consideration of the Meeting of the Shareholders the Company’s 2009 annual report and 2009 accounting statements prepared in accordance with the legislation of the Russian Federation.
The Board of Director recommended the Meeting of the Shareholders to approve the distribution of Gazprom Neft net profit as per the year-end 2009.
The Board of Directors considered the results of the open tender for an independent audit company to provide the compulsory annual audit of Gazprom Neft and introduced the winner (ZAO PricewaterhouseCoopers) for approval by the General Meeting of Gazprom Neft Shareholders as the Company’s auditor for 2010.