Annual Financial Report

FOR IMMEDIATE RELEASE

NOVATEK Published 2016 Annual Report and Accounts in Accordance with UK Disclosure and Transparency Rules

Moscow, 26 April 2017. PAO NOVATEK (the "Company") announced today it has published the Company's 2016 Annual Report prepared in accordance with the rules and regulations promulgated by the UK Disclosure and Transparency Rules.

The 2016 Annual Report is now available to view or download from the Company's website at www.novatek.ru/en, and an electronic version has been submitted to the National Storage Mechanism, which will shortly be available for review at http://www.morningstar.co.uk/uk/NSM.

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For further information, please visit www.novatek.ru or contact:

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PAO NOVATEK is one of the largest independent natural gas producers 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 80% of Russia's natural gas production and approximately 16% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company's shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».