OREANDA-NEWS. OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the results of its Annual General Meeting of Shareholders (“AGM”) held in Moscow.

The AGM resolved the following agenda items:

• Approved the Company's 2013 Annual Report and Financial Results according to Russian Accounting Standards (“RAS”), the distribution of profit under RAS, including the full year dividend payment for 2013;

• Approved the election of a new Board of Directors;

• Approved the election of the members of the Company's Revision Commission;

• Approved the remuneration to members of the Company's Board of Directors and to members of the Company's Revision Commission;

• Approved the election of ZAO PricewaterhouseCoopers Audit as the Company's independent auditors for 2014;

• Approved the amendments to the Company's Charter, Regulations for General Meeting of Shareholders and Regulations for Board of Directors; and

• Approved the related party transactions between OAO NOVATEK and Gazprombank (Open Joint Stock Company).

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 MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol "NVTK".