OREANDA-NEWS. May 15, 2012. NOVATEK (“NOVATEK” and/or the “Company”) has received notice from a member of the Company’s Management Committee regarding a change in their direct equity stake of ordinary shares of NOVATEK.

Name

% of ordinary shares prior to notification

% of ordinary shares after notification

Date of notification of change in equity stake

Alexander M. Fridman

0.0751%

0.0817%

12.05.2012

JSC  NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world's largest natural gas producing area and accounts for approximately 84% of Russia's natural gas production and approximately 17% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol “NVTK” and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol “NVATY”.