OREANDA-NEWS. October 26, 2010. NOVATEK (hereinafter “NOVATEK” and/or the “Company”) announced that the Extraordinary General Meeting of Shareholders (“EGM”) approved the Company’s dividend payment based on NOVATEK’s results for the first half of 2010 prepared in accordance with Russian accounting standards.

The EGM resolved to pay dividends in the amount of RR 1.50 per one ordinary share or RR 15.00 per one Global Depositary Receipt. The total dividend distribution for the first half of 2010 amounts to RR 4,554,459,000.

The interim dividend is payable 60 days after shareholder approval, to shareholders of record of the list of persons entitled to receive dividends compiled, which also coincided with the date for making a list of those entitled to attend the Company’s EGM.

The EGM also approved the following related party transactions between ОАО “NOVATEK” and ОАО “Gazprom”:  Gas Transportation Services Agreement and Gas Delivery Agreement.