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    2014 IFRS CONSOLIDATED FINANCIAL RESULTS

    APRIL 29, 2015

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    Alexander Ivannikov First Deputy CFO

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    DISCLAIMERS This presentation has been prepared by JSC Gazprom (the “Company”), and comprises the slides for a presentation to investors

    concerning the Company. This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of

    any offer to purchase or subscribe for, any shares or other securities representing shares in the Company, nor shall it or any part of it nor

    the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.

    Any viewer of this presentation considering a purchase of such securities is hereby reminded that any such purchase should be made

    solely on the basis of the information contained in the prospectus or other offering document prepared in relation thereto and will be

    subject to the selling restrictions set out therein. No reliance may be placed for any purposes whatsoever on the information contained in

    this presentation, or any other material discussed at any presentation or on its completeness, accuracy or fairness. The information in

    this presentation should not be treated as giving investment advice. Care has been taken to ensure that the facts stated in this

    presentation are accurate, and that the opinions expressed are fair and reasonable. However, the contents of this presentation have not

    been verified by the Company. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of the

    Company or any of its members, directors, officers or employees or any other person as to the accuracy, completeness or fairness of the

    information or opinions contained in or discussed at this presentation. None of the Company or any of their respective members,

    directors, officers or employees nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of this

    presentation or its contents or otherwise arising in connection therewith.

    The information in this presentation includes forward-looking statements. These forward-looking statements include all matters that are

    not historical facts, statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the

    Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Company

    operates. By their nature, forward-looking statements involve risks and uncertainties, including, without limitation, the risks and

    uncertainties to be set forth in the prospectus, because they relate to events and depend on circumstances that may or may not occur in

    the future. The Company cautions you that forward looking statements are not guarantees of future performance and that its actual

    results of operations, financial condition and liquidity and the development of the industry in which the Company operates may differ

    materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the

    Company’s results of operations, financial condition and liquidity and the development of the industry in which the Company operates

    are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative

    of results or developments in future periods.

    The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change

    without notice. No person is under any obligation to update or keep current the information contained herein.

    By attending the presentation you agree to be bound by the foregoing limitations.

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    GAZPROM STRONG FINANCIAL POSITION

    AMONG OIL & GAS MAJORS

    Comparative EBITDA 10Y CAGR1 Top-5 oil and gas majors

    by EBITDA, 2014

    EBITDA for Gazprom is adjusted by changes in impairment provisions.

    1 Median CAGR of top 10 oil & gas majors by market capitalization as of April 23, 2015

    Source: Companies websites, Bloomberg as of April 23, 2015

    15.0%

    2.1%

    0

    5

    10

    15

    20

    25

    GAZPROM TOP-10 OIL & GAS MAJORS

    %

    56.9

    51.9 51.7 51.4

    36.5

    0

    10

    20

    30

    40

    50

    60

    70

    80 USD bln

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    Total net sales  RR 5,590 bn in 2014 — up 6% compared to 2013

     RR 1,582 bn in 4Q2014 — up 7% compared to 4Q2013

    Adj. EBITDA1

     RR 1,963 bn in 2014 — down 2% compared to 2013

     RR 614 bn in 4Q2014 — up 19% compared to 4Q2013

    Net Profit2

     RR 159 bn in 2014 — down 86% compared to 2013

     RR (397) bn in 4Q2014 — compared to RR 280 bn in 4Q2013

    Operating cash flow

     Increased by 10% to 1,916 bn RR in 2014 compared to 2013

     Increased by 37% to 616 bn RR in 4Q2014 compared to 4Q2013

    Continued positive free cash flow3 generation

     RR 654 bn FCF in 2014 – up 90% compared to RR 345 bn in 2013

    Leverage easing

     Net debt increased by 48%4 to 1, 651 bn RR as of the end of 2014

     Net Debt/Adj.EBITDA was 0.84x as of the end of 2014

    1 EBITDA adjusted by changes in impairment provisions. 2 Profit for the period attributed to owners of OAO Gazprom. 3 Free cash flow is calculated as Net cash provided by operating activities less Capital expenditures. 4 Compared to Net debt as of December 31, 2013.

    SUMMARY OF FINANCIAL RESULTS

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    488.4 444.9

    137.2 123.6

    0

    200

    400

    600

    2013 2014 4q13 4q14

    Natural gas production Crude oil production Gas condensate production

    Including Russian generating companies: Mosenergo, OGK-2, TGK-1, MIPC

    Calculations may diverge due to rounding.

    HYDROCARBON PRODUCTION, ELECTRICITY AND HEAT

    GENERATION

    bcm mln ton mln ton

    (9%)

    (10%)

    14.7 14.5

    3.8 3.8

    0

    10

    20

    30

    2013 2014 4q13 4q14

    (1%)

    0% 42.3 43.5

    8.7 9.0

    0

    20

    40

    60

    2013 2014 4q13 4q14

    +3%

    +3%

    Electricity generation Heat generation

    bn kWh mln Gcal

    162.5 155.4

    41.8 43.9

    0

    30

    60

    90

    120

    150

    180

    2013 2014 4q13 4q14

    (4%)

    +5% 107.4 120.1

    32.3 44.4

    0

    30

    60

    90

    120

    2013 2014 4q13 4q14

    +12%

    +37%

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    GAS SALES

    243 232

    73 75

    3 265 3531 3551 3599

    0

    1 000

    2 000

    3 000

    4 000

    0

    100

    200

    300

    400

    2013 2014 4q13 4q14

    VOLUMES AVERAGE PRICE IN RUSSIA

    794 821

    257 268

    0

    400

    800

    1200

    1600

    2000

    2013 2014 4q13 4q14

    NET SALES TO RUSSIA

    +3%

    +4%

    RR/1 mcm bcm

    RR bn

    Calculations may diverge due to rounding. 1 Net of value added tax (VAT) 2 OC - Other countries: include LNG sales 3 VAT is not charged