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NOVATEK’S AGM approves 2014 dividends

Moscow, 24 April 2015. OAO NOVATEK (“NOVATEK” and/or the “Company”) announced that the Annual General Meeting of Shareholders (“AGM”) approved the total dividend payment for 2014.

The total dividend for 2014 will amount to RR 10.3 per one ordinary share or RR 103 per one Global Depositary Receipt (GDR), including the interim dividends of RR 5.1 per ordinary share or RR 51 per one GDR paid for the first half 2014.

The list of persons entitled to receive dividends will be compiled as at 5 May 2015.

The dividend is payable in cash not later than 10 June 2015.

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.