NOVATEK

Notice of Dividend Amount • Mar 10, 2016

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RNS Number : 7262R

OAO Novatek

10 March 2016

FOR IMMEDIATE RELEASE          

NOVATEK Board of Directors Recommends 2015 Dividend

Moscow, 10 March 2016.  OAO NOVATEK (the "Company") announced the results of its Board of Directors (the "Board") meeting held today, whereby the Board recommended to the Annual General Meeting of Shareholders ("AGM") to approve dividend payments on the Company's shares in the amount of RR 6.9 per ordinary share (or RR 69 per GDR), excluding the interim dividends of RR 6.6 per ordinary share (or RR 66 per GDR) paid for the six months of 2015. 

The total dividend distribution for 2015 is RR 13.5 per ordinary share (or RR 135 per GDR), representing an increase of 31% as compared to RR 10.3 (or RR 103 per GDR) for 2014.

The Company's AGM will take place on the 22 April 2016. Shareholders at the close of business on the 21 March 2016 will be entitled to participate in the Company's AGM. The recommended date for compiling the list of shareholders entitled to receive dividends is 4 May 2016.

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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

press@novatek.ru                                                       ir@novatek.ru

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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 90% 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».

This information is provided by RNS

The company news service from the London Stock Exchange

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