OREANDA-NEWS. OAO NOVATEK (the “Company”) today 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 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 2013, and the allocation of profit and loss, including approval of the final dividend, payable to shareholders based on OAO NOVATEK's 2013 Russian statutory results;

2. Election of members of the Board of Directors of OAO NOVATEK;

3. Election of members of the Revision Commission of OAO NOVATEK;

4. To appoint the Company's auditor for 2014;

5. To approve the remuneration to members of OAO NOVATEK's Board of Directors;

6. To approve the remuneration to members of OAO NOVATEK's Revision Commission;

7. To approve amendments to the Charter of OAO NOVATEK;

8. To approve amendments to the Regulations for General Meetings of Shareholders of OAO NOVATEK;

9. To approve amendments to the Regulations for Board of Directors of OAO NOVATEK; and

10. To approve related party transactions between OAO NOVATEK and Gazprombank (OAO).

The Company's AGM will take place on 18 April 2014. Shareholders at the close of business on the 14 March 2014 will be entitled to participate in the Company's AGM. Shareholders at the close of business on the 29 April 2014 will be entitled to receive dividends.