NVTK: OAO Novatek: NOVATEK wins auction for the East-Tazovskoye field

  NVTK: OAO Novatek: NOVATEK wins auction for the East-Tazovskoye field

UK Regulatory Announcement

MOSCOW

FOR IMMEDIATE RELEASE

              NOVATEK WINS AUCTION FOR THE EAST-TAZOVSKOYE FIELD

Moscow, 14 March 2013. OAO NOVATEK (NOVATEK and/or the Company) announced
today that its subsidiary OOO NOVATEK-Tarkosaleneftegas won an auction for
exploration and production license for the East-Tazovskoye field. Payment for
the license was set at RR 3.19 billion.

The East-Tazovskoye field is located in the Yamal-Nenets Autonomous Region in
close proximity to the North-Russkoye field, the license for which is also
held by OOO NOVATEK- Tarkosaleneftegas.

As of 1 January 2012, recoverable reserves of the field under Russian reserve
classification “C1 + C2” amounted to 65.3 billion cubic meters of natural gas
and 13.4 million tons of liquid hydrocarbons.

The Chairman of NOVATEK’s Management Board Leonid Mikhelson noted: “The
acquisition of a new license is fully consistent with our strategy and allows
us to expand the resource base in our core region. We will benefit from
significant synergies due to the proximity of the East-Tazovskoye field to our
existing asset base”.

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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 isRussia’s largest independent gas producer and the
second-largest natural gas producer inRussia. Founded in1994, the Company
isengaged inthe exploration, production, processing and marketing ofnatural
gas and liquid hydrocarbons. The Company’s upstream activities are
concentrated inthe prolific Yamal-Nenets Autonomous Region, which isthe
world’s largest natural gas producing area and accounts for approximately84%
ofRussia’s natural gas production and approximately17% ofthe world’s gas
production. NOVATEK isanopen joint stock company established under the laws
ofthe Russian Federation. The Company’s shares are listed inRussia
onMICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the
ticker symbol “NVTK”.

Contact:

OAO Novatek