NOVATEK Elects New Board of Directors

FOR IMMEDIATE RELEASE

NOVATEK Elects New Board of Directors

Moscow, 20 April 2018. PAO NOVATEK announced today that the Annual General Meeting of Shareholders ("AGM") approved the election of 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 (Joint Stock Company);

· Burckhard Bergmann: Chairman of the Supervisory Board of Accumulatoren-werke Hoppecke;

· Michael Borrell: Senior Vice-President of Total North Sea and Russia;

· Robert Castaigne: Member of the Board of Directors of SOCIETE GENERALE, VINCI and SANOFI;

· Leonid V. Mikhelson: Chairman of NOVATEK's Management Board;

· Alexander Y. Natalenko: Honored Geologist of the Russian Federation and State Prize Laureate;

· Viktor P. Orlov: President of the Russian Geological Society (RosGeo), Laureate of the State Prize of the Russian Federation in the field of science and technology;

· Gennady N. Timchenko: Member of the Board of Directors of PAO SIBUR Holding, Chairman of the French and Russian Companies Economic Board of the Franco-Russian Chamber of Commerce, Russian Co-Chair of the Russian-Chinese Business Council; and

· Andrei V. Sharonov: President of SKOLKOVO Moscow School of Management, Honored Economist of the Russian Federation.

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 Committee is comprised of Alexander Natalenko (Chairman), Andrei Akimov, Burckhard Bergmann, Michael Borrell and Gennady Timchenko. The Audit Committee is comprised of Andrei Sharonov (Chairman), Robert Castaigne and Viktor Orlov. The Remuneration and Nomination Committee is comprised of Viktor Orlov (Chairman), Robert Castaigne and Andrei Sharonov.

The Board of Directors resolved that Robert Castaigne, Viktor Orlov and Andrei Sharonov are independent directors complying with the independence criteria set forth by the listing rules of the Moscow Stock Exchange.

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

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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».