OREANDA-NEWS. OAO NOVATEK announced that the Annual General Meeting of Shareholders ("AGM") approved the election of members to the Board of Directors.

The following members were elected to the Board of Directors:
* Andrei I. Akimov:  Chairman of the Management Board of Gazprombank (Joint Stock Company), Member of the Board of the Association of Russian Banks;
* Burckhard Bergmann: Member of the Board of Directors of Telenor ASA, Member of the International Advisory Board of Dana Gas;
* Michael Borrell: Senior Vice-President of Total Exploration & Production for Europe and Central Asia;
* Robert Castaigne: Member of the Board of Directors of SOCIETE GENERALE, VINCI and SANOFI;
* Leonid V. Mikhelson:  Chairman of NOVATEK's Management Board;
* Alexander Y. Natalenko: Honored Geologist of the Russian Federation and State Prize Laureate;
* Viktor P. Orlov: President of the Russian Geological Society (RosGeo), Chairman of the Science and Engineering Board of AO Rosgeologia, Laureate of the State Prize of the Russian Federation in the field of science and technology;
* Gennady N. Timchenko: Member of the Board of Directors of PAO SIBUR Holding, Chairman of the French and Russian Companies Economic Board of the Franco-Russian Chamber of Commerce, Russian Co-Chair of the Russian-Chinese Business Council; and
* Andrei V. Sharonov: Dean of SKOLKOVO Moscow School of Management, Honored Economist of the Russian Federation.

Following the AGM, the Board of Directors held its first meeting whereby Alexander Natalenko was elected Chairman of the Board and the members of the three Board committees were elected.

The Strategy Committee is comprised of Alexander Natalenko (Chairman), Andrei Akimov, Burckhard Bergmann, Michael Borrell and Gennady Timchenko. The Audit Committee is comprised of Andrei Sharonov (Chairman), Robert Castaigne and Viktor Orlov. The Remuneration and Nomination Committee is comprised of Viktor Orlov (Chairman), Robert Castaigne and Andrei Sharonov.

The Board of Directors also resolved that Robert Castaigne, Viktor Orlov and Andrei Sharonov are independent directors complying with the independence criteria set forth by the listing rules of the Moscow Stock Exchange.