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NOVATEK closes book on ten billion rоuble bond placement

Moscow, 25 June 2010. OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the order book has closed for the placement of the Company’s BO-1 rouble bond series in the amount of RR 10 billion and a three-year maturity.

Based on the book building results, the coupon rate on the bonds was set at 7.50% annually. Overall demand during the subscription period amounted to RR 30.7 billion, representing applications from 96 investors with annual coupon rates ranging from 7.00% to 8.25%. Taking into account the placement costs, coupon rates and existing demand, the Company satisfied 78 investor applications.

CJSC “Investment Company “Troika Dialog” and OJSC Gazprombank served as organizers of the RR bond issuance. The proceeds from the bond issue will be used for general corporate purposes.

According to NOVATEK’s Chief Financial Officer, Mark Gyetvay, “The successful book building for NOVATEK’s bond issue demonstrates investors’ positive assessment of our strong financial position, credit worthiness and operational stability.”


This press release is not an offer for sale of any securities in the United States. Any securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. NOVATEK has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States.

This communication is directed only at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Articles 49(2)(a) – 49(2)(d) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

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.