Annual Report ------------- ANNUAL REVIEW 2009    OVERVIEW       2009 Financial and Operating Highlights       Letter to Shareholders       Highlights in 2009    THE COMPANY       NOVATEK Today       Strategy    OPERATIONS IN REVIEW       Exploration and Development          Core Fields          Prospective Fields and License Areas          Other Fields and License Areas       Processing       Marketing          Natural Gas Sales          Liquid Hydrocarbon Sales       Industrial    ENVIRONMENTAL AND SOCIAL RESPONSIBILITY       Human Resources       Social Policy and Charity       Corporate Culture       Environmental Protection       Labor Protection and Industrial Safety    MANAGEMENT AND CORPORATE GOVERNANCE       Corporate Governance       Board of Directors       Board Committees       Revision Commission       Management Committee       Shareholder Communications       NOVATEK Brand and Media Relations       Securities       Dividends    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS    IFRS CONSOLIDATED FINANCIAL STATEMENTS and Independent Auditor’s Report for the years ended 31 December 2009 and 2008    ADDITIONAL INFORMATION       Contact Information       Investor Information       Abbreviations

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