OREANDA-NEWS. NOVATEK (the “Company”) today announced the results of its Board of Directors (the “Board”) meeting. Based on the Board's Corporate Governance and Remuneration Committee recommendations, the Board recommended to the Annual General Meeting of Shareholders (“AGM”) to approve dividend payments on the Company's shares in the amount of RR 4.49 per ordinary share (or RR 44.9 per GDR), excluding the interim dividends of RR 3.40 per ordinary share (or 34.0 per GDR) paid for the six months of 2013.

The total dividend distribution for 2013 is RR 7.89 per ordinary share (or RR 78.9 per GDR) as compared to RR 6.86 (or RR 44.9 per GDR) for 2012.

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.

OAO 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 90% 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".