NVTK: OAO Novatek: Results of NOVATEK Board оf Directors

  NVTK: OAO Novatek: Results of NOVATEK Board оf Directors

UK Regulatory Announcement

MOSCOW

                    RESULTS OF NOVATEK BOARD ОF DIRECTORS

Moscow, 15 April 2013. The Board of Directors of OAO NOVATEK (“NOVATEK” or the
“Company”) has approved to amend the registration documents for the previously
approved interest-bearing, non-convertible Russian rouble bonds (“RR bond”).

The Board resolved to amend the Prospectus for the previously approved
placement of BO-05, BO-06, BO-07 and BO-08 bond series due to recent changes
in the Russian legislation on securities market, which became effective in
January 2013. The amendment includes increasing the maturity of each bond
series from three to ten years.

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

Note

On 16 November 2012, NOVATEK’s Board of Directors approved the regulatory
filing and registration of interest-bearing, non-convertible, Russian rouble
bonds for the total maximum nominal value of RR 45 billion. The RR bond issue
is divided into four series (BO-05, BO-06, BO-07 and BO-08) with values of RR
10 billion, RR 10 billion, RR 10 billion and RR 15 billion, with the placement
of the RR rouble bonds to take place at the MICEX-RTS Stock Exchange.

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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

                                     ***

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