Natalenko Elected NOVATEK’s Chairman

OAO NOVATEK announced the results of its Board of Directors (“the Board”) meeting. Alexander Natalenko was elected Chairman of the Board and the members of the three Board committees were elected.

The Strategy Committee is comprised of Alexander Natalenko (Chairman), Andrei Akimov, Burckhard Bergmann, Michael Borrell and Gennady Timchenko.

The Audit Committee is comprised of Andrei Sharonov (Chairman), Robert Castaigne and Viktor Orlov.

The Remuneration and Nomination Committee is comprised of Viktor Orlov (Chairman), Robert Castaigne and Andrei Sharonov.

The Board of Directors also resolved that Burckhard Bergmann, Robert Castaigne, Viktor Orlov and Andrei Sharonov are independent directors complying with the independence criteria set forth by the listing rules of the Moscow Stock Exchange.