Moscow, 22 October 2009. OAO NOVATEK (hereinafter “NOVATEK” or the “Company”) today announced the results of its Extraordinary General Meeting of Shareholders (“EGM”), held on 15 October 2009.

 

The EGM approved the payment of an interim dividend in the amount of RR 3,036,306,000 or RR 1.00 per ordinary share (RR 10.00 per GDR). The interim dividend is payable 60 days after shareholder approval, to shareholders of record as of 9 September 2009.

 

The Company’s EGM also approved amendments to the following NOVATEK corporate documents: the Charter, Regulations for the General Meeting of Shareholders, Regulations for the Board of Directors and Regulations for the Management Board.

 

For more information regarding the voting details of NOVATEK’s EGM please go to the Company’s website, www.novatek.ru/eng/ir/meeting/.

 

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OAO NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Region, which is the world's largest natural gas producing area and accounts for over 90% of Russia's natural gas production and 20% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company’s shares are listed on the Russian Trading System (RTS) and the London Stock Exchange (LSE) under the ticker symbol ‘NVTK’ and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol “NVATY”.