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NOVATEK and NLMK Extend Gas Supply Contract to 2025

Moscow, 16 August 2016. OAO NOVATEK (“NOVATEK” and/or the “Company”) and NLMK Group (“NLMK”) announced today the extension of natural gas supply contract to 2025. The overall supply volume is 2.8 billion cubic meters of natural gas per annum that fully covers all of the natural gas supply needs of NLMK’s Russian entities.

PAO NOVATEK is one of the largest independent natural gas producers 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 Area, 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.