ANNOUNCEMENT OF A MATERIAL FACT
“INFORMATION ON FACTS OF ONE-TIME TRANSACTION OF THE ISSUER, THE SIZE OF WHICH OR THE VALUE OF THE PROPERTY INVOLVED IN WHICH CONSTITUTES 10 PER CENT OR MORE OF THE ISSUER`S ASSETS AS OF THE DATE OF THE TRANSACTION”
1. General information
1.1. Full trade name of the issuer: Open Joint Stock Company "Oil Company
1.2. Abbreviated trade name of the issuer: OAO "LUKOIL"
1.3. Location of the issuer: 11 Sretensky boulevard, Moscow, 101000, Russia
1.4. Primary State Registration Number: 1027700035769
1.5. Taxpayer identification number: 7708004767
1.6. Unique code assigned by the registering authority: 00077-A
1.7. Web-site for information disclosure by the issuer: www.lukoil.ru
1.8. Name of periodical editions used for publication of information on material
facts: Izvestiya newspaper, Prilozheniye k Vestniku FSFR magazine
1.9. Code of the material fact: 0400077A29062006
2. Description of the announcement:
2.1. Type and subject of the transaction: Purchase and sale transaction equaling 100% of the share capital of OOO LUKOIL-PERM.
2.2-2.3. Content of the transaction, including the civil rights and obligations, that the completed transaction is intended to establish, amend or terminate. Timescale for fulfillment of the obligations under the transaction, the parties to and beneficiaries of the transaction, the scale of the transaction in monetary terms and as a percentage of the value of the issuer’s assets.
OAO LUKOIL gets ownership of 100% of OOO LUKOIL-PERM share capital of LUKOIL Energy GmbH, pursuant to which OAO LUKOIL undertakes all rights and obligations as a partner.
Names of the parties: OAO LUKOIL (Buyer), LUKOIL Energy GmbH (Seller).
The scale of the transaction in monetary terms and as a percentage of the value of the issuer’s assets:
The total sum is 90 681 746 thous. rubles, which is 22.7% of the balance-sheet value of the assets of OAO LUKOIL. Timetable for fulfillment of the obligations under the transaction is set as agreed by the Parties.
2.4. The value of the assets of OAO LUKOIL on the closing date of the reporting period (quarter, year) preceding conclusion of the transaction (the date on which the agreement is made) and in relation to which the financial reports are compiled in compliance with the legislation of the Russian Federation: the balance–sheet value of the assets of OAO LUKOIL according to the accounting balance sheet as of 31.03.06 is 399 243 051 thous. rubles.
2.5. Date of conclusion of the transaction (of conclusion of the agreements): June 29, 2006.
2.6. Information on approval of the transaction if the transaction is a major transaction or a conflict-of-interest transaction for the issuer:
2.6.1. Category of the transaction: the given transaction is not major transaction or conflict-of-interest transaction for the issuer.
2.6.2. The governing body of the issuer that has passed the resolution to approve the transaction: Board of Directors of OAO LUKOIL.
2.6.3. Date on which the resolution approving the transaction was passed: 15.06.2006
2.6.4. Date of compilation and number of the minutes of the meeting (session) of the authorised governing body of the issuer at which the resolution approving the transaction was passed: Minutes No. 14, dated 15.06.2006.
|Head of Department|
for Stock Exchange Operations of
acting by virtue of Power of Attorney
No. Yu-4800, dated 21.12.2005
Chief Accountant of OAO LUKOIL
30 June 2006 Seal