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NOVATEK announces EGM

Moscow, 10 October 2006. OAO NOVATEK today announced that the Company will hold an Extraordinary General Meeting of Shareholders (EGM) on 13 December 2006 in Moscow. The EGM has been convened at the request of OOO LEVIT to approve the dissolution of the current Board of Directors and Revision Committee of NOVATEK and for the election of a new Board of Directors and Revision Committee for the Company.

The date of record for the list of persons entitled to participate in the Company’s EGM is 9 October 2006. All relevant materials pertaining to the EGM as well as the time and location will be made available to shareholders of record through the appropriate notification channels.

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.