OREANDA-NEWS. December 29, 2010. JSC  NOVATEK (“NOVATEK”, or “Company”) announced a change of control of a shareholder holding more than five percent of the Company’s ordinary shares.

On 20 December 2010,the Company was notified by DHIGNFINOLHU HOLDING LIMITED that it acquired an indirect control over 285 508 031 ordinary shares, representing 9.4% of NOVATEK’s charter capital, from JSC  Gazprom.

This equity stake is currently owned by ZGG CAYMAN HOLDING LIMITED, 100% of which had been acquired on 20 December 2010 by DHIGNFINOLHU HOLDING LIMITED, a special purpose entity acting on behalf of JSC  Gazprombank in respect of this transaction.