Novatek Joint Stock : Board of Directors Approve Agenda for Annual General Meeting of Shareholders

Press Releases and Events NOVATEK's Board of Directors Approve Agenda for Annual General Meeting of Shareholders

Moscow, 18 March 2022. PAO NOVATEK (the "Company") announced the results of its Board of Directors (the "Board") meeting held today in preparation for the Company's upcoming Annual General Meeting of Shareholders ("AGM").

The Board has approved the following agenda for the Company's AGM:

1. To approve the Company's Russian statutory accounts and annual report for the year ended 31 December 2021, and the allocation of profit, including approval of the final dividend payable to shareholders based on 2021 results;

2. Election of members of the Board of Directors of PAO NOVATEK;

3. Election of members of the Revision Commission of PAO NOVATEK;

4. Election of the Chairman of the Management Board of PAO NOVATEK;

5. To appoint the Company's auditor for 2022;

6. To approve the remuneration to members of NOVATEK's Board of Directors;

7. To approve the remuneration to members of NOVATEK's Revision Commission.

The Board decided to convene the Company's AGM on the 21 April 2022. Shareholders at the close of business on the 29 March 2022 will be entitled to participate in the Company's AGM.

PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. 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 15% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.

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