NOVATEK and NLMK Extend Gas Contract to 2025

FOR IMMEDIATE RELEASE

NOVATEK and NLMK Extend Gas Supply Contract to 2025

Moscow, 16 August 2016. OAO NOVATEK ("NOVATEK" and/or the "Company") and NLMK Group ("NLMK") announced today the extension of natural gas supply contract to 2025. The overall supply volume is 2.8 billion cubic meters of natural gas per annum that fully covers all of the natural gas supply needs of NLMK's Russian entities.

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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]

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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 80% of Russia's natural gas production and approximately 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 in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».