Press Releases and Events

OAO NOVATEK DECLARES INTERIM DIVIDEND FOR THE NINE MONTHS OF 2005

Moscow, 1 November 2005. The Board of Directors of OAO NOVATEK declared an interim nine-month dividend of RR 377 per share of common stock, or RR 3.77 per Global Depository Receipt. The total interim dividend payment of RR 1,144 million is based on the Company’s net profits of RR 12,096 million according to non-consolidated Russian statutory accounts for the nine-months ended 30 September 2005. The dividend is to be paid 60 days after shareholder approval to shareholders of record at the close of business on 31 October 2005. The Board of Directors has scheduled an Extraordinary Shareholder Meeting to approve the dividend on 14 December 2005.

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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.