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  MOSCOW                      NOVATEK’s BOARD OF DIRECTORS APPROVES                         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 www.novatek.ru.                                       ***  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 «NVTK».  Contact:  OAO Novatek  
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