NVTK: OAO Novatek: Notification by persons discharging managerial responsibilities

  NVTK: OAO Novatek: Notification by persons discharging managerial

UK Regulatory Announcement


OAO NOVATEK (“NOVATEK” and/or the “Company”) has received notice from the
Chairman of the Company’s Management Committee Leonid Mikhelson regarding a
change in his direct equity stake of ordinary shares of NOVATEK.

          % of ordinary shares  % of ordinary        Date of notification
                                   shares                of
Name       prior to              after notification   change in equity
            notification                                 stake
Leonid V.   0.6686%                0.6753%               16.11.2012


For further information, please visit www.novatek.ru or contact:

Press Service            Investor Relations
+7 (495) 721 2207               +7 (495) 730 6013
press@novatek.ru                ir@novatek.ru


OAO NOVATEK is Russia’s largest independent gas producer and the
second-largest natural gas producer in Russia. Founded in 1994, the Company is
engaged in the exploration, production, processing and marketing of natural
gas and liquid hydrocarbons. The Company’s upstream activities are
concentrated in the prolific Yamal-Nenets Autonomous Region, which is the
world's largest natural gas producing area and accounts for approximately 84%
of Russia's natural gas production and approximately 17% of the world’s gas
production. NOVATEK is an open joint stock company established under the laws
of the Russian Federation. The Company’s shares are listed in Russia on
MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker
symbol “NVTK” and on the NASDAQ PORTAL System as Rule 144A GDR under the
ticker symbol “NVATY”.


OAO Novatek
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