Results of NOVATEK AGM

FOR IMMEDIATE RELEASE

Results of NOVATEK's Annual General Meeting of Shareholders

Moscow, 20 April 2018. PAO NOVATEK ("NOVATEK" and/or the "Company") announced today the results of its Annual General Meeting of Shareholders ("AGM") held in Moscow.

The AGM resolved the following agenda items:

1. Approved the Company's 2017 Annual Report and Financial Results according to Russian Accounting Standards ("RAS"), the distribution of profit, including the full year dividend payment for 2017.

2. Approved the election of a new Board of Directors.

3. Approved the election of the members of the Company's Revision Commission.

4. Approved the election of AO PricewaterhouseCoopers Audit as the Company's independent auditors for 2018.

5. Approved the remuneration to members of the Company's Board of Directors.

6. Approved the remuneration to members of the Company's Revision Commission.

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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 mainly 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».