NVTK: OAO Novatek: Update on NOVATEK Buyback Program

  NVTK: OAO Novatek: Update on NOVATEK Buyback Program

UK Regulatory Announcement


OAO NOVATEK (“NOVATEK” and/or the “Company”) announces today that pursuant to
the Company’s buyback program announced on 7 June 2012, during the period from
26 through 29 November 2012, 440 thousand ordinary shares (including in a form
of Global Depositary Receipts) of NOVATEK were purchased on the open market.


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, NOVATEK is
engaged in the exploration, production, processing and marketing of natural
gas and liquid hydrocarbons. Its 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.
NOVATEK’s shares and GDRs are listed on MICEX-RTS Stock Exchange in Russia and
the London Stock Exchange (LSE), respectively, under the ticker symbol “NVTK”.


OAO Novatek
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