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NOVATEK’s EGM approves first half 2008 dividend

Moscow, 3 October 2008. OAO NOVATEK (hereinafter «NOVATEK» and/or the «Company») announced that the Extraordinary General Meeting of Shareholders («EGM») approved the Company’s dividend payment based on NOVATEK’s results for the first half of 2008 prepared in accordance to Russian accounting standards.

The EGM resolved to pay dividends in the amount of RR 1.00 per one ordinary share or
RR 10.00 per one Global Depositary Receipt. The total dividend distribution for the first half of 2008 amounts to RR 3,036,306,000.

The interim dividend is payable 60 days after shareholder approval, to shareholders of record of the list of persons entitled to receive dividends compiled on 24 July 2008, which also coincided with the date for making a list of those entitled to attend the Company’s EGM.

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.