OREANDA-NEWS. OJSC NOVATEK announced that the Extraordinary General Meeting of Shareholders (EGM) on October 4, 2007 approved the proposed interim dividend based on the Company’s financial results for the six months ended 30 June 2007, the press service of the Company reported.

The EGM resolved to pay dividends on the Company’s shares in the amount of RR 0.83 per one ordinary share, or RR 8.30 per GDR. The total interim dividend distribution is RR 2,520,133,980. The interim dividend is payable 60 days after shareholders' approval, to shareholders of record at the close of business on September 3, 2007, which was also the date of record for shareholders eligible to participate in the Company’s EGM.

Also approved were a contract between OJSC NOVATEK and LLC Mezhregiongaz for the purchase of natural gas and a contract between OJSC NOVATEK and OJSC Gazprom for services related to natural gas transportation.