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NOVATEK reports change in its shareholding

Moscow, 1 July 2008. OAO NOVATEK has received a notification from Deutsche Bank AG, London, regarding the change of the holdings of Deutsche Bank AG and its subsidiary companies in the shares of OAO NOVATEK.

The holding of Deutsche Bank Trust Company Americas, a subsidiary of Deutsche Bank AG, has been reduced from 29.49% to 24.50%.

Deutsche Bank Trust Company Americas serves as the custodian of the global depository receipts (GDRs) issued on OAO NOVATEK shares.

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.