NVTK: OAO Novatek: NOVATEK Board of Directors approves Regulations on Dividend Policy

  NVTK: OAO Novatek: NOVATEK Board of Directors approves Regulations on
  Dividend Policy

UK Regulatory Announcement


                        REGULATIONS ON DIVIDEND POLICY

Moscow, 28 April 2014. The Board of Directors of OAO NOVATEK (“NOVATEK” or the
“Company”) at a meeting held on 25 April 2014 approved the Regulations on
Dividend Policy of the Company.

According to the approved Regulations, the total dividend payment shall not be
less than 30% of the consolidated net profit to the International Financial
Reporting Standards (IFRS) for the respective period. The previously adopted
Dividend Policy provided for dividend distribution of not less than 30% of
non-consolidated net profit to the Russian Accounting Standards (RAS), however
historically, dividend payments were not less than 30% of the IFRS net profit.

The Board of Directors also approved the Regulations on the Audit Committee,
the Remuneration and Nomination Committee and the Strategy Committee of the
Board of Directors, as well as the Regulations on the Corporate Secretary of
the Board.

All the above documents are available on the Company’s website at


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 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 Moscow
Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol


OAO Novatek
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