NVTK: OAO Novatek: NOVATEK’s Board Approves Rouble Bond Registration

  NVTK: OAO Novatek: NOVATEK’s Board Approves Rouble Bond Registration

UK Regulatory Announcement


The Board of Directors of OAO NOVATEK (“NOVATEK” or the “Company”) has
unanimously approved the regulatory filing and registration of
interest-bearing, non-convertible, Russian rouble bonds (“RR bond”).

According to the registration documents, the total maximum nominal value of
the Company’s potential RR bond offering is RR 45 billion. The RR bond issue
will be divided into four series with values of RR 10 billion, RR 10 billion,
RR 10 billion and RR 15 billion, and each of the RR bond series will have a
three-year maturity period and pay semi-annual coupons or a total of six
coupon payments. The placement of the RR rouble bonds will take place at the
MICEX-RTS Stock Exchange.

NOVATEK will issue the RR bond series as necessary for general corporate

Organizers of the RR bond issuance are ZAO Sberbank CIB and OJSC Gazprombank.

The Company’s CFO and Board member Mark Gyetvay stated: “On 15 October we
successfully placed all of the remaining RR bond issue series registered in
2009. As a result, we have decided to register a new RR bond series, which
accords us the flexibility to choose among different financial instruments,
tenors and currency”.


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”.


OAO Novatek
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