NOVATEK Repays Eurobonds

FOR IMMEDIATE RELEASE

NOVATEK Repays Eurobonds

Moscow, 21 February 2017. PAO NOVATEK announced today the Company has repaid the RR 14 billion Eurobond issue according to the bonds maturity schedule. The bonds were originally issued in February 2013 for a four-year term with a stated coupon rate of 7.75%.

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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 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».