Moscow, 25 November 2009. OAO NOVATEK (hereinafter “NOVATEK”) today announced the results of its Extraordinary General Meeting of Shareholders (“EGM”), held on 24 November 2009.

 

The EGM resolved to approve the parameters for several interrelated interested party transactions. The transactions concern gas supply contracts between NOVATEK and OAO INTER RAO UES, acting on its own behalf or on behalf of OAO OGK – 1, and amendments to the Natural Gas Supply Contract between NOVATEK and OOO Mezhregiongas.

 

More information regarding the voting details of NOVATEK’s EGM can be found on 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”.