Volga Resources SICAV-SIF S.A


LUXEMBOURG, December 16, 2010 - Volga Resources SICAV-SIF S.A.

LUXEMBOURG, July 21, 2010 - Volga Resources SICAV-SIF S.A ("Volga"), the Luxembourg-based investment fund, announces that it has increased its shareholding in the issued share capital of OAO Novatek ("Novatek"), the second largest gas producer in Russia, to 23.13% after purchasing 2.36% in recent market transactions.

LUXEMBOURG, March 5, 2010 - Volga Resources SICAV-SIF S.A ("Volga"), the Luxembourg-based investment fund, announces that it has increased its shareholding in the issued share capital of OAO Novatek ("Novatek"), the second largest gas producer in Russia, to 20.77% after purchasing 2.57% in recent market transactions.

LUXEMBOURG CITY, Luxembourg - Volga Resources SICAV-SIF S.A.
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