Second Quarter 2018 Operational and Financial Results

Market Distribution - Sales Volumes Natural Gas Sales Volumes, mmcm Liquids Sales Volumes, mt 14,380 15,149 653 4.3% 4,072 4,273 2,380 58.4% 2,537 95.8% 13,780 13,569 89.6% 59.4% 1,692 41.6% 1,736 40.6% Ex-field 600 2Q17 4.2% 927 2Q18 6.1% End-customers ■International markets Our total natural gas sales volumes increased due to sales of LNG purchased from our joint venture Yamal LNG to international markets from December 2017, as well as an increase in volumes sold in the Russian Federation. 2Q17 ■Domestic 2Q18 Export Our total liquids sales volumes increased mainly due to the sale of stable gas condensate refined products in transit at the end of the first quarter of 2018. NOVATEK 11

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