NVTK: OAO Novatek: NOVATEK Extends the Share Buy Back Program UK Regulatory Announcement MOSCOW The Management Board of OAO NOVATEK (“NOVATEK” and/or the “Company”) approved the extension of the share buyback program until 7 June, 2014, keeping the size of the program and other terms unchanged. According to NOVATEK’s Chairman of the Management Board, Leonid V. Mikhelson, “The decision to extend the buyback program reflects our confidence in successful development of our key projects and significant growth potential of NOVATEK, which, in our opinion, is not fully reflected in the current market valuation of the Company”. Note On 7 June, 2012 the Company’s Board of Directors approved a one-year buyback program in respect of ordinary shares of NOVATEK and/or Global Depositary Receipts representing Shares (each GDR representing 10 Shares) in the aggregate amount of up to 600 million US dollars. The terms of the program provide for its extension by a decision of the Management Board. Novatek Equity (Cyprus) Limited, a wholly owned subsidiary of the Company, through an independent broker purchases shares and/or GDRs on MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) respectively, at market prices at the time of purchase. As of 27 May, 2013, 5,517,510 ordinary shares (including in a form of Global Depositary Receipts) have been purchased on the open market as part of the program implementation. *** For further information, please visit www.novatek.ru or contact: Press Service Investor Relations +7 (495) 721 2207 +7 (495) 730 6013 email@example.com firstname.lastname@example.org *** 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 90% 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
NVTK: OAO Novatek: NOVATEK Extends the Share Buy Back Program
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