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Notification of misrepresentation of NOVATEK name and logo

7th Dec 2011 13:20

NOTIFICATION OF MISREPRESENTATION OF NOVATEK'S NAME AND LOGO

Moscow, 07 December 2011. In connection with recent requests from potential international buyers of hydrocarbons and oil products OAO NOVATEK ("NOVATEK") would like to state the following:

1. Neither NOVATEK nor its management or affiliated companies has ever maintained business relations with the company "TILOS TRADING LTD (UK)", 22-24 Great James Street, London, or its Director Mr. Isa Mahmudov. This company and its representatives are not known to NOVATEK and neither NOVATEK nor its management or affiliated companies bear any responsibility for any activities of the above mentioned company and/or its representatives.

2. The letters, allegedly issued in the name of NOVATEK, to the above mentioned company purportedly confirming our business relations, are counterfeit and made by unknown persons by compiling corporate information and elements of NOVATEK's corporate design copied from official documents on our corporate site: www.novatek.ru.

3. The information in the above mentioned letters confirming the availability of benzine, mazut, diesel, crude oil and natural gas allegedly belonging to NOVATEK and located outside the territory of the Russian Federation is not true. The individual who has signed these letters is not our employee and is not known to NOVATEK.

At the present time NOVATEK is considering the possibility of filing a complaint with the appropriate law-enforcement agencies regarding attempted fraud, document forgery and illegal use of our trademark.

If you have been offered to purchase benzine, mazut, diesel, crude oil and natural gas from sources that are located outside the territory of the Russian Federation and allegedly produced by NOVATEK, we recommend you contact us to avoid the risk of fraud.

E-mail: [email protected]Fax: +7 (495) 721-22-53

***

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

Press Service Investor Relations
+7 (495) 721 2207 +7 (495) 730 6013

[email protected]

[email protected]

***

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 83% of Russia's natural gas production and 16% 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 on the Russian Trading System (RTS), MICEX 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".

Copyright Business Wire 2011


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