OREANDA-NEWS. April 13, 2011. The Board of Directors (the “Board”) of JSC  NOVATEK (“NOVATEK”) has approved the decision to convene an Extraordinary General Meeting of Shareholders (“EGM”) at the behest of Total E&P ARCTIC RUSSIA, which owns more than 10% of NOVATEK’s ordinary shares.   

The Board has approved the following agenda for the EGM:

1.      Early termination of authorities of the members of NOVATEK’s Board of Directors.

2.      Election of NOVATEK’s Board of Directors

3.      Approval of related party transactions

The Company’s EGM will take place on 27 June 2011. Shareholders of record at the close of business on the 11 April 2011 will be entitled to participate in the Company’s EGM. All relevant materials pertaining to the EGM will be made available to shareholders of record through the appropriate notification channels.