OREANDA-NEWS. August 29, 2007. NOVATEK board of directors announces extraordinary general meeting of shareholders. The Board of Directors (the “Board”) of OAO NOVATEK (the “Company”) 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 related party contract between OAO NOVATEK and OOO Mezhregiongaz for the transport of natural gas.
 
2. Approval of the related party contract between OAO NOVATEK and OAO Gazprom for services related to natural gas transportation.
              
3. Approval of the recommendation by the Board for an interim dividend payment in the amount of RR 2,520,133,980, or RR 0.83 per ordinary share (RR 8.3 per GDR), based on the Russian Statutory Accounting results of OAO NOVATEK for the first six months of 2007. The interim dividend record date for holders of ordinary shares is 3 September 2007.
 
The date of compiling the list of shareholders entitled to participate in the EGM is      3 September 2007. Participation in the EGM will be carried out through absentee voting and all ballots must be received by 4 October 2007. All relevant materials pertaining to the EGM will be made available to shareholders of record through the appropriate notification channels.