Announcement Regarding Depositary Receipt Program
Moscow, 5 May 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) announces that currently Global Depositary Receipts of the Company continue circulating outside the Russian Federation. In accordance with Federal Law No. 114-FZ “On Changes to Federal Law On Joint-Stock Companies and Certain Legislative Acts of the Russian Federation”, the Company has submitted its request to continue the circulation of its depositary receipts.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.