REG-OAO Novatek Board of Directors Announces EGM

MOSCOW--(Business Wire)--

NOVATEK BOARD OF DIRECTORS ANNOUNCES EXTRAORDINARY GENERAL MEETING OF
SHAREHOLDERS

OAO NOVATEK (the "Company") has announced that its Board of Directors (the
"Board") has scheduled an Extraordinary General Meeting of Shareholders (EGM)
and approved the following agenda:

1. Approval of certain related party transactions.

The date of record for the list of persons entitled to participate in the
Company`s EGM is 2 July 2009. Participation in the EGM will be carried out
through absentee voting and all ballots must be received by 7 August 2009. All
relevant materials pertaining to the EGM will be made available to shareholders
of record through the appropriate notification channels.

***

For further information, please visit www.novatek.ru or contact:

Press Service Investor Relations
+7 (495) 721 2207 +7 (495) 730 6020
press@novatek.ru ir@novatek.ru

***

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 Region, which is the world's largest natural gas producing area and
accounts for over 90% of Russia's natural gas production and 20% 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 on the Russian
Trading System (RTS) and the London Stock Exchange (LSE) under the ticker symbol
`NVTK` and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol
"NVATY".

OAO Novatek

Copyright Business Wire 2009