Last updated on April 21, 2014 at 1:20 EDT

NOVATEK Elects New Board Of Directors

April 25, 2013

MOSCOW, April 25, 2013 /PRNewswire/ — OAO NOVATEK announced today that the Annual General Meeting of Shareholders (“AGM”) has approved the election of new members to the Board of Directors.

The following members were elected to the Board of Directors:

Andrei I. Akimov: Chairman of the Management Board of Gazprombank;

Burckhard Bergmann: Board Member of the Presidium of the German-Russian Chamber of Commerce, Member of the Advisory Board of the Union of German Science Funds;

Yves Louis Charle Justin Darricarrere: Executive Vice President of Total S.A., President of Total Exploration & Production;

Vladimir A. Dmitriev: Chairman of Vnesheconombank;

Mark A. Gyetvay: Deputy Chairman of NOVATEK’s Management Committee;

Leonid V. Mikhelson: Chairman of NOVATEK’s Management Committee;

Alexander Y. Natalenko: Chairman of the Board of Directors of NOVATEK, State Prize Laureate and Honored Geologist of the Russian Federation;

Kirill G. Seleznev: member of the Management Committee of Gazprom, Director of Gazprom’s Gas and Liquid Hydrocarbons Marketing and Processing Department and General Director of Gazprom Mezhregiongaz; and

Gennady N. Timchenko: Chairman of the Board of Directors and President of the Ice Hockey Club SKA St-Petersburg, Chairman of the Board of Directors of OOO Kontinental Hockey League.

Following the AGM, the Board of Directors held its first meeting whereby Alexander Natalenko was elected Chairman of the Board and the members of the three Board committees were elected.

The Strategy and Investments Committee is now comprised of Alexander Natalenko (Chairman), Burckhard Bergmann, Yves Louis Darricarrere, Mark Gyetvay and Gennady Timchenko. The Audit Committee is now comprised of Vladimir Dmitriev (Chairman), Burckhard Bergmann and Gennady Timchenko. The Corporate Governance and Remuneration Committee is now comprised of Andrei Akimov (Chairman), Burckhard Bergmann and Kirill Seleznev.

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 84% of Russia’s natural gas production and approximately 17% 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 MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.

For further information, please visit www.novatek.ru or contact: Press Service, +7 (495) 721 2207, press@novatek.ru, or Investor Relations, +7 (495) 730 6013, ir@novatek.ru


Source: PR Newswire