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NOVATEK’s Board of Directors increases size of Management Committee

Moscow, 4 December 2009. The Board of Directors (the “Board”) of OAO NOVATEK (“NOVATEK” and/or the “Company”) has approved the decision to increase the size of the Company’s Management Committee from eleven to fifteen members to better reflect the current scale and diversity of NOVATEK’s operating activities.

The Company’s Board has elected the following individuals to NOVATEK’s Management Committee:

Evgeny A. Kot: Deputy Chairman of the Management Committee - Director of LNG Project Department.

Iosif L. Levinzon: Deputy Chairman of the Management Committee.

Valery N. Retivov: Deputy Chairman of the Management Committee - Director of Liquid Hydrocarbons Sales and Marketing Department.

Lev V. Feodosiev: Director of Strategic Planning and Development Department.

Biographical information for all members of NOVATEK’s Management Committee is available on the Company’s web site (

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.