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Сhange in equity stake of NOVATEK shareholder

Moscow, 22 January 2008. OAO NOVATEK today announced a change in the shareholding structure of a shareholder holding not less than five percent of the Company’s ordinary shares.

In December 2007, Etana LLC, holder of a 19.34% equity stake (587,221,580 ordinary shares) in NOVATEK, was restructured. As a result of the restructuring Belona LLC received 188,507,775 ordinary shares in NOVATEK and Santata LLC received 398,713,805 ordinary shares in NOVATEK. After the restructuring, the equity stakes of Belona LLC and Santata LLC, in NOVATEK, are 6.21% and 13.13%, respectively. The restructuring of Etana LLC resulted in no change to the beneficial ownership of NOVATEK’s equity.

NOVATEK became aware of the change in Etana LLC’s equity stake on 22 January 2008.

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.