OREANDA-NEWS. March 29, 2012. NOVATEK (the “Company”) announced the results of its Board of Directors (the “Board”) meeting in preparation for the Company’s upcoming Annual General Meeting of Shareholders (“AGM”). The Board gave preliminary approval to the Company’s Annual Report for 2011.

The Board has approved the following agenda for the Company’s AGM:

1.    To approve the Company’s Russian statutory accounts and annual report for the year ended 31 December 2011, and the allocation of profit and loss, including approval of the final dividend, payable to shareholders based on JSC  NOVATEK’s 2011 Russian statutory results;

2.    Election of the Chairman of the Management Committee of JSC  NOVATEK;

3.    Election of members of the Board of Directors of JSC  NOVATEK;

4.    Election of members of the Revision Commission of JSC  NOVATEK;

5.    To appoint the Company’s auditor for 2012;

6.    To approve the remuneration to members of JSC  NOVATEK’s Board of Directors;

7.    To approve the remuneration to members of JSC  NOVATEK’s Revision Commission; and

8.    To approve a related party transaction between JSC  NOVATEK and JSC  Gazprom – additional agreement to the Gas Delivery Agreement.

The Company’s AGM will take place on 27 April 2012. Shareholders of record at the close of business on the 23 March 2012 will be entitled to participate in the Company’s AGM.