NVTK: OAO Novatek: NOVATEK Board of Directors recommends 2012 dividend

  NVTK: OAO Novatek: NOVATEK Board of Directors recommends 2012 dividend

UK Regulatory Announcement

MOSCOW

             NOVATEK BOARD OF DIRECTORS RECOMMENDS 2012 DIVIDEND

Moscow, 19 March 2013. OAO NOVATEK (the “Company”) today announced the results
of its Board of Directors (the “Board”) meeting. Based on the Board’s
Corporate Governance and Remuneration Committee recommendations, the Board
recommended to the Annual General Meeting of Shareholders (“AGM”) to approve
dividend payments on the Company’s shares in the amount of RR 3.86 per
ordinary share, excluding the interim dividends of RR 3.0 per ordinary share
paid for the six months of 2012.

The total dividend distribution per ordinary share for 2012 amounts to RR 6.86
per one ordinary share.

The Company’s AGM will take place on 25 April 2013.Shareholders of at the
close of business on the 21 March 2013 will be entitled to receive dividends
and participate in the Company’s AGM.

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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

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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”.

Contact:

OAO Novatek