Gazprom Identified Gazprom Gazomotornoye Toplivo as a Special Purpose Company

Gazprom identified Gazprom Gazomotornoye Toplivo as a special purpose company to consolidate the Group's assets related to the NGV fuel production and sales.

The main business lines of the new company include devising and implementing the marketing programs aimed at developing the NGV filling stations network in Russia as well as expanding the range of customers that use natural gas vehicles and equipment including in agriculture, river and rail transport sectors.

Mr Sergey Fursenko was elected as Chairman of the Board of Directors of Gazprom Gazomotornoye Toplivo and Mr Viktor Zubkov as chairman of the Management Committee and Director General.

Gazprom (tax number: 7736050003) is the world's biggest gas company. Its authorized capital is RUB 118.367 billion 23,673,512,900 common shares at par value of 5 rubles are issued. The state secures its controlling block of stock. In 2011, Gazprom extracted over 513 billion cubic meters of gas and exported more than 150 billion cubic meters of gas to Europe.

Net profit (IFRS) of OJSC Gazprom for H1 2012 decreased by 33% YoY to RUB 525.526 billion from RUB 785.202 billion the year before. The group's revenue decreased by 5% to RUB 2.23 trillion. In particular, net revenue from gas sales decreased by 15% to RUB 1.245 trillion. Net revenue from gas sales to Europe and other countries decreased by 1% to RUB 731.316 billion. This change was primarily due to the decreasing gas sales by 10% or 8.7 billion cubic meter which was partially compensated by the increase of average realized prices.

Net profit (RAS) of OJSC Gazprom for H1 2012 decreased by 21.8% to RUB 381.592 billion from RUB 487.806 billion for the same period in 2011. Revenue decreased by 1.4% to RUB 1.825 trillion from RUB 1.85 trillion, GP to RUB 1.006 trillion from RUB 1.068 trillion.