Second Quarter 2018 Operational and Financial Results

Taxes Other Than Income Tax Expense (RR million) 11,531 2Q17 131 101 14,871 3,108 UPT Property tax Other taxes 2Q18 Our unified natural resources production tax expense increased mainly due to an increase in UPT rates for crude oil and natural gas as a result of an increase in benchmark crude oil prices, as well as due to changes in the formula for crude oil UPT rate calculation effective 1 January 2018. NOVATEK 16

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