Second Quarter 2018 Operational and Financial Results

RR bln Internally Funded Investment Program 70 14 60 50 12 10 40 8 61.9 30 0 57.3 48.8 48.1 20 42.8 57.3 39.1 35.1 10 19.3 0 -7.2 -7.2 -4.7 -8.1 -5.7 -10.5 -11.3 -9.7 -10 -22.1 -20 -30 2Q16 3Q16 -6 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Cash used for capital expenditures Operating CF Operating CF/CAPEX 2 46 42 O Core investments in upstream exploration, production and processing facilities funded primarily through internal cash flows NOVATEK Note: for 2Q16 Normalized Operating Cash Flow is used, excluding advance income tax payments of RR 9,932 million based on the gain on the disposal of the 9.9% equity stake in OAO Yamal LNG. 28 Operating CF / CAPEX

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