Funds and ETFs PAO NOVATEK London S.E.

Novatek is Russia's second-leading producer of natural gas. The group also produces and distributes oil and polymers. Net sales break down by activity as follows: - sale of gas and petroleum products (98.8%): natural gas (46.2% of sales), naphtha (18.4%), crude oil (10.9%), liquefied petroleum gas (8.7%), gas condensate (7%) and other (8.8%). The group also sells polymers and insulators; - other (1.2%): geological and geophysical research services, transportation services, etc. Net sales break down geographically as follows: Russia (46.1%), Europe (28.3%), Asia/Pacific (19.9%), North America (4.2%) and Middle East (1.5%).