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.
In July 2005, we listed GDRs on the London Stock Exchange. The current GDR price is available on the LSE website www.londonstockexchange.com, under the symbol NVTK.
The exchange rate of GDRs to ordinary shares is 1 to 10. The GDRs were issued pursuant to two separate Deposit agreements, one for the Rule 144A GDRs and one for the Regulation S GDRs.
The depository for the GDRs is the Bank of New York Mellon. All questions regarding GDR conversion and circulation should be addressed to the Depositary:
GDR program Depositary
The Bank of New York Mellon
USA, 10286, New York, 240 GREENWICH STREET
London +44 207 163 7512
New York +1 212 815 4158
Moscow +7 495 967 3110