The agreements signed in November 2005 between Gaz de France and Dana Petroleum have been revised. These agreements included both the transfer of Gaz de France's interests in the Touat's permit in Algeria and exchanges of exploration and production assets, allowing Gaz de France to strengthen its presence in Mauritania.

Algerian company Sonatrach did not approve the transfer of 20% of Gaz de France's interests to Dana Petroleum in the Touat permit located in the Sbaa basin, in Algeria. As a result, this specific transaction will not take place.

However, Gaz de France and Dana Petroleum are eager to pursue their cooperation and have confirmed their willingness to proceed with the exchange of exploration and production assets in the United Kingdom, Egypt and Mauritania. In the meantime, discussions have started aimed at a possible transfer of other Gaz de France assets to Dana Petroleum.

This press release contains forward-looking statements based on estimates and forecasts of Gaz de France's management. Readers are informed that such statements, made as of data available today, are subject to risk and uncertainty factors. Therefore, actual results or events may differ from such forward-looking information and statements, which readers shall not consider as certain. Please note that Gaz de France disclaims any obligation to update the forward-looking information contained in this press release.

Press Contact :

Pénélope Linage

Tél : + 33 (0)1 47 54 24 35

E-mail : penelope.linage@gazdefrance.com

Group Profile

Gaz de France is a major energy player in Europe. The leading European natural gas supplier, the Group has more than 53,000 employees, recorded net sales of €22.4 billion in 2005, and serves 13.8 million customers, including 11.1 million in France. Listed on the Paris Stock Exchange since July 2005, the Group joined the CAC 40 share index and the Dow Jones Stoxx 600 in September 2005.

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