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RenGaz Directors Deliberate Future Of The Company
Hamilton, Bermuda, January 12, 2006 - On December 23, 2005, Russian President Vladimir Putin signed a decree removing foreign ownership restrictions on holding common shares in OAO Gazprom. Given this legislative change, the Directors of RenGaz Holdings Ltd. (the "Company") hereby give notice that they are currently discussing the future of the Company and will report to the Shareholders on the outcome of such deliberations as soon as possible. Included in these discussions is whether the Company has a viable future in its present form and discussions as to appropriate exit strategies, including the possibility of voluntary winding-up of the Company. Further announcements will follow in due course.
For further information on the Company please contact:
Oleg Jelezko - 22 Voznesensky pereulok, 125009 Moscow, Russia