OREANDA-NEWS. September 9, 2010. The Board of Directors (the “Board”) of JSC NOVATEK (“NOVATEK”) has approved the decision to convene an Extraordinary General Meeting of Shareholders (“EGM”).  

The Board has approved the following agenda for the EGM:

1. Approval of the Board’s recommendation for an interim dividend payment

2. Approval of a related party transaction between JSC “NOVATEK” and JSC “Gazprom” - Gas Transportation Services Agreement

3. Approval of a related party transaction between JSC “NOVATEK” and JSC “Gazprom” - Gas Delivery Agreement

The Board approved an interim dividend payment in the amount of RR 4,554,459,000 or RR 1.50 per ordinary share (RR 15.0 per GDR), based on the Russian Statutory Accounting results of JSC NOVATEK for the first six months of 2010. The interim dividend record date for holders of ordinary shares is 9 September 2010.

The date of compiling the list of shareholders entitled to participate in the EGM is 9 September 2010. Participation in the EGM will be facilitated through absentee voting and all completed ballots must be received by 14 October 2010.