NOVATEK Board Approves Rouble Bond Registration

FOR IMMEDIATE RELEASE

NOVATEK's Board Approves Rouble Bond Registration

Moscow, 9 December 2016. The Board of Directors of PAO NOVATEK ("NOVATEK" or the "Company") has unanimously approved the regulatory filing and registration of interest-bearing, non-convertible, Russian rouble bonds ("RR bonds").

According to the registration documents, the total maximum nominal value of the Company's potential RR bonds offering is RR 75 billion with a maturity period of up to 20 years for each bond issue. The placement of the RR bonds will take place at the Moscow Exchange. NOVATEK will issue RR bonds as necessary for general corporate purposes.

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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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PAO 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 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».