NOVATEK Shareholders Approve Interim Dividends

FOR IMMEDIATE RELEASE

NOVATEK's Shareholders Approve Interim Dividends

Moscow, 2 October 2017. The Extraordinary General Meeting of Shareholders ("EGM") of PAO NOVATEK held on 29 September 2017 resolved to pay dividends for the first half 2017.

The EGM approved the interim dividend payment for the first half 2017 in the amount of RR 6.95 per one ordinary share or RR 69.50 per one GDR which is 0.7% higher as compared to the interim dividend for the first half 2016. The total dividend distribution amounts to RR 21,102,326,700.

The shareholders of record as at 10 October 2017 will be entitled to receive dividends.

***

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]

***

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».