Moscow, 4 December 2009. The Board of Directors (the “Board”) of OAO NOVATEK (“NOVATEK” and/or the “Company”) has approved the decision to increase the size of the Company’s Management Committee from eleven to fifteen members to better reflect the current scale and diversity of NOVATEK’s operating activities.   
 

The Company’s Board has elected the following individuals to NOVATEK’s Management Committee:
 

Evgeny A. Kot: Deputy Chairman of the Management Committee - Director of LNG Project Department.
 

Iosif L. Levinzon: Deputy Chairman of the Management Committee.
 

Valery N. Retivov: Deputy Chairman of the Management Committee - Director of Liquid Hydrocarbons Sales and Marketing Department.
 

Lev V. Feodosiev: Director of Strategic Planning and Development Department.
 

Biographical information for all members of NOVATEK’s Management Committee is available on the Company’s web site (www.novatek.ru). 
 

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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”.