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Notice of Change of the GDR Program Depositary

Moscow, 23 March 2023. PAO NOVATEK (“NOVATEK” and/or the “Company”) announces the upcoming change of the depositary administering the Company’s Global Depositary Receipts (GDR) program.

The currently appointed depositary for the Company’s GDR program is The Bank of New York Mellon. The Company has agreed to appoint RCS Issuer Services S.AR.L. as the new depositary with the expected effective date on 21 June 2023.

Holders of NOVATEK’s GDRs are not required to take any action in connection with the change of the depositary.

For more information on the new depositary, please visit

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.