PricewaterhouseCoopers Audit has been approved by the annual General Shareholders Meeting of Gazprom as the Company’s auditor for 2007. PricewaterhouseCoopers was declared the winner of an open competitive procedure conducted by the Company in accordance with the Federal Law on the Auditing Activity.

Reference

ZAO PricewaterhouseCoopers Audit is the company established under the laws of the Russian Federation and being member of the PricewaterhouseCoopers International Group of Companies - a global leader in auditing and consulting services. The PricewaterhouseCoopers Group provides professional services in many locations worldwide through a network of its international representative offices.

PricewaterhouseCoopers launched its business on the Russian market back in 1913. After a long period of absence the company resumed its activity in Russia in 1989.

Gazprom and PricewaterhouseCoopers Audit started cooperating in Russia in 1995. Currently, the services of PricewaterhouseCoopers Audit rendered to Gazprom are as follows:

• auditing annual accounting statements of Gazprom (parent company) pursuant to the requirements of the Russian legislation;
• auditing annual consolidated accounting statements of Gazprom Group filed in accordance with the requirements of the Russian legislation;
• auditing consolidated financial statements of Gazprom Group filed under the International Financial Reporting Standards.

PricewaterhouseCoopers Audit also serves as auditor for a range of large subsidiaries of Gazprom.