Press releases

The Board of Directors of OAO LUKOIL held on February 4, 2008 approved the list of candidates for election of the Board of Directors and Audit Commission at the Annual General Shareholders Meeting.

Vagit Alekperov, President of OAO LUKOIL, spoke at the All-Russian Forum of Industrialists and Entrepreneurs in Krasnodar today.

LUKOIL and IFD Kapital have reached an agreement in principle to purchase an 80% interest in OAO UGK TGK-8 (‘TGK-8’) at a price equivalent to $640-660 per kW of rated capacity. The transaction will be closed after all corporate approvals have been obtained and the Federal Antitrust Authority permit has been issued.

LUKOIL presents its corporate collection of pre-revolutionary and Soviet postcards in the Central House of Artists in Moscow on January 24-27, 2008. The collection is dedicated to the history of Russian oil and gas industry.

The OAO LUKOIL Press Service would like to call attention of all interested parties to the technical inaccuracy made in Kommersant First Rating almanac regarding the estimated number of LUKOIL shares owned by Oleg E. Kutafin, a member of the Board of Directors of OAO LUKOIL. As a result of this inaccuracy Mr. Kutafin was mistakenly ranked among Russia’s wealthiest people.

Mr. Vagit Alekperov, President of OAO LUKOIL, and Vadim Shvetsov, General Director of OAO Severstal-Auto, have signed a strategic cooperation agreement.

OAO LUKOIL Press Service would like to call attention to the following fact: some mass media inaccurately interpreted the statement regarding the Company’s 2007 net profit preliminary estimates made by Vagit Alekperov, President of OAO LUKOIL, at the press conference on January 12, 2008.

OAO LUKOIL Board of Directors held a meeting today in Moscow to summarize preliminary results of LUKOIL Group activities in 2007.

ООО LUKOIL-AERO (OAO LUKOIL wholly owned subsidiary) and LUKOIL Aviation Bulgaria (OOO LUKOIL-AERO wholly owned subsidiary) closed a deal to acquire a fuel filling complex at Kurumoch international airport (Samara).