NOVATEK and SAIPEM Sign Cooperation Agreement

FOR IMMEDIATE RELEASE

NOVATEK and SAIPEM Sign a Strategic Partnership and Cooperation Agreement

Saint Petersburg, 17 June 2016. OAO NOVATEK and SAIPEM S.P.A. entered into a Strategic Partnership and Cooperation Agreement at the 20th Saint Petersburg International Economic Forum.

The document entails cooperation between the parties in implementing NOVATEK's prospective LNG projects while ensuring maximum localization of technical solutions in Russia.

Chairman of the Management Board of NOVATEK, Leonid V. Mikhelson noted: "The agreements envision developing cooperation with SAIPEM in localizing manufacturing capabilities for LNG projects in Russia. NOVATEK has a high-quality resource base and we are considering opportunities to implement investment projects and improve technological and intellectual capacities together with our partners".

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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 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».