OREANDA-NEWS. On 23 April 2008 NOVATEK (announced the results of its Board of Directors meeting in preparation for the upcoming Company’s Annual General Shareholders meeting (“AGM”). The Board of Directors reviewed each of the Board’s Committees reports and recommendations and gave preliminary approval to the Company’s annual report for 2007.
 
The Board approved the agenda of the Company’s AGM to include:
 
1.      To approve the Company’s Russian statutory accounts and annual report for the year ended 31 December 2007, and the allocation of profit and loss, including approval of the final dividend, payable to shareholders according to NOVATEK’s 2007 annual results;
2.      Election of members of the Board of Directors of OAO NOVATEK;
3.      Election of members of the Revision Commission of OAO NOVATEK;
4.      To appoint the Company’s auditor for 2008;
5.      To approve the remuneration to members of OAO NOVATEK’s Board of Directors;
6.      To approve the remuneration to members of OAO NOVATEK’s Revision Commission.
 
The Company’s AGM will take place on 23 May 2008. Shareholders of record at the close of business on the 10 April 2008 will be entitled to participate in the Company’s AGM.