GDR

The Russian Federal Service for Financial Markets granted NOVATEK permission for deposits of up to 910,589,000 ordinary shares, or 29.99% of our ordinary share capital, into the GDR program.

The exchange rate of GDRs (ISIN US6698881090) to ordinary shares is 1 to 10.

The Depositary for the GDRs is RCS Trust and Corporate Services Ltd.. All questions regarding GDR conversion and circulation should be addressed to the Depositary.

GDR program Depositary

RCS Trust and Corporate Services Ltd.
www.rcsgroup.com
operations@rcsgroup.com