19.06.2006

ZGG pays EUR 30 million Dividend

On 20th June 2006, ZGG GmbH is distributing 30 million Euros in dividends for the business year 2006 to its sole shareholder OOO 'Gazexport', Moscow - a subsidiary of OAO 'GAZPROM', Moscow. The amount of the dividend increased by 5 Million Euros compared to the previous year.

Established in 1990, ZGG GmbH holds shares in WINGAS, WIEH, WIEE and VNG on behalf of GAZPROM / Gazexport. Through its wholly-owned subsidiaries Gazprom Marketing & Trading Ltd. (Kingston greater London) and ZMB Schweiz AG (Zurich) ZGG GmbH is actively operating on the gas market. ZGG's consolidated sales in 2005 accounted for 287.4 TWh. In the first quarter 2006 they amounted already to 104.2 TWh exceeding last years' figure by 24 TWh.

In Germany ZGG GmbH has invested in the natural gas pipeline grid WINGAS more than 1 billion EUR since 1990. The Investments proved to be highly beneficial. Utilising the subsidiary ZMB, upstream investments totalling some ? 40 million were made as well as first steps in the downstream area and in new strategic company participations, jointly with Wintershall AG (Kassel) and Centrex AG (Vienna).

ZGG Group's consolidated turnover reached EUR 3,292 billion in 2005. Compared to the previous year, this corresponds to a 22.5% sales increase. As of 31 December 2005 net income totals EUR 182.4 million. Its dynamic development continues in the first quarter of 2006. ZGG Group obtained a consolidated result after taxes of EUR 106.8 million in the first three month of this year, exceeding by 55 million the corresponding figure of last year. In the first quarter of 2006, the Group's consolidated turnover of EUR 1,411 million exceeded last year's figure by EUR 609 million.

For the next years ZGG GmbH plans to invest billions in the further expansion of infrastructure, more projects in the upstream and downstream sectors and strategic interest in various gas companies.

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