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Results of NOVATEK Board оf Directors

Moscow, 6 September 2013. OAO NOVATEK (“NOVATEK” or the “Company”) today announced the results of its Board of Directors (“the Board”) meeting held in Sabetta, Yamal- Nenets Autonomous District of Russia.

The Board discussed the Company’s results for the first half 2013 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) in the form of absentee voting on 22 October 2013 to approve the interim dividends for the first half 2013.

The record date for the EGM is 16 September 2013.

The Board recommended to the EGM to approve interim dividend payment for the first half 2013 in the amount of RR 10,323,440,400, which is RR 3.40 per one ordinary share or RR 34.0 per one GDR. This represents a 13.3% increase compared to the six months 2012.

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.