NOVATEK's Board of Directors Convenes the EGM

FOR IMMEDIATE RELEASE

NOVATEK's Board оf Directors Convenesthe Extraordinary General Meeting of Shareholders

Moscow, 6 May 2016. The Board of Directors of OAO NOVATEK (the "Company") decided today to convene the Extraordinary General Meeting ("EGM") of the Company's shareholders on 20 June 2016. Shareholders at the close of business on 20 May 2016 will be entitled to participate in the EGM. The EGM's agenda is subject to approval by the Board of Directors and will be distributed to shareholders at a later date.

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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».