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NOVATEK ELECTS BOARD OF DIRECTORS

Moscow, Russia — 10 June 2005 — At the Annual General Meeting (AGM) of OAO NOVATEK (RTS: NVTK), held in Moscow today, the following individuals were elected to the Company’s Board of Directors:

  1. Anatoly Brekhuntsov — CEO, OAO Siberian Scientific and Analytical Center
  2. Ruben Vardanian — President of Troika Dialog Investment Bank
  3. Victor Guiria — CEO, OOO Tarkosaleneftegas
  4. Mark Gyetvay — CFO, OAO NOVATEK
  5. Vladimir Dmitriev -CEO, Vnesheconombank
  6. Iossif Levinzon — Vice Governor, Yamal-Nents Autonomous Region
  7. Leonid Mikhelson — Chairman, NOVATEK Management Board
  8. Alexander Natalenko — Honorable Geologist of Russia, Laureate of the RF State Prize

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.