OREANDA-NEWS. October 25, 2011. NOVATEK (hereinafter “NOVATEK” and/or the “Company”) announced that the Extraordinary General Meeting of Shareholders (“EGM”) approved the Company’s dividend payment based on NOVATEK’s results for the first half of 2011 prepared in accordance with Russian accounting standards.

The EGM resolved to pay dividends in the amount of RR 2.50 per one ordinary share or

RR 25.00 per one Global Depositary Receipt. The total dividend distribution for the first half of 2011 amounts to RR 7,590,765,000.

The interim dividend is payable 60 days after shareholder approval, to shareholders of record of the list of persons entitled to receive dividends compiled on 8 September 2011, which also coincided with the date for making a list of those entitled to attend the Company’s EGM.