OREANDA-NEWS. December 29, 2010. NOVATEK (“NOVATEK” or the “Company”) announced that it was notified by HIBRIDGE VENTURES LIMITED of its right to purchase NOVATEK’s ordinary shares.

The Company was notified by HIBRIDGE VENTURES LIMITED, an entity that is owned 50/50 by a member of NOVATEK’s Board of Directors and Chairman of NOVATEK’s Management Board, Mr. Leonid V. Mikhelson, and a member of NOVATEK’s Board of Directors, Mr. Gennady N. Timchenko, that on 21 December 2010, it entered into an agreement with DHIGNFINOLHU HOLDING LIMITED, that grants HIBRIDGE VENTURES LIMITED the right to purchase 285 508 031 ordinary shares, representing 9.4% of NOVATEK’s charter capital, within a two-year period.