OREANDA-NEWS. October 16, 2012. JSC NOVATEK ("NOVATEK" and/or the "Company") announced that the order book has closed for the placement of the Company’s BO-2, BO-3 and BO-4 Russian roubles ("RR") bond series in the amount of RR 20 billion with a three-year maturity. The coupon rate on the bonds was set at 8.35% annually based on the book building results.

Overall demand for the bonds amounted to RR 48.9 billion, representing applications from 86 investors with annual coupon rates ranging from 8.20% to 8.60%. Taking into account the existing demand the Company decided to accept 52 investor applications.

The bonds will be placed on the MICEX Stock Exchange on 15 October 2012 with the proceeds from the issuance used for general corporate purposes.

GPB (OJSC) and Sberbank CIB served as organizers of the issuance, BANK ROSSIYA, GLOBEXBANK and ZAO UniCredit Bank served as co-organizers, RONIN LLC - as underwriter, and OJSC Promsvyazbank, KIT Finance Ltd, TKB Capital and

JSC Pervobank - as co-underwriters.

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".