Earning Estimates

YR 2015

(in billions of Russian roubles)RevenueNormalized EBITDA* Normalized Net Profit*

* Normalized EBITDA and Normalized Net Profit exclude net gain on disposal of interest in subsidiaries.
Source: Interfax consensus numbers, analyst reports

Disclaimer: Consensus values are calculated based on the earnings projections made by the analysts covering OAO NOVATEK. Please note that any opinions, estimates or forecasts regarding NOVATEK’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of NOVATEK or its management. NOVATEK does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.