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Change in equity stake of NOVATEK shareholder

Moscow, 6 October 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.

On 3 October 2008 NOVATEK was notified by Volga Resources SICAV SIF S.A. («Volga Resources») that as of 1 October 2008 its wholly-owned subsidiary White Seal Holdings Limited, Cyprus, had increased its equity stake in NOVATEK to 153,941,800 shares, or 5.07% of NOVATEK’s equity. The equity share consists of 3.848% of ordinary shares and 1.222% of global depositary receipts.

Along with the notification, Volga Resources provided following contact details:

Contact person: Alex Brod
Tel: +44 20 7067 0000

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.