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16.04.2009 Repayment of Loan

Repayment of Loan  

LUKOIL Finance Ltd. (a subsidiary of LUKOIL) repaid on April 16, 2009 the EUR 400 million loan facility (the ‘Facility’) in full and ahead of schedule. The Facility was arranged by three international banks in November 2008 and was secured by OAO LUKOIL’s guarantee. The proceeds under the Facility were used to provide partial financing of an acquisition of a 49% interest in the ISAB refinery complex in Priolo, Italy.
The repayment of the Facility was effected from own funds generated by LUKOIL Group in the first quarter of 2009 and is an evidence of the Group’s stable financial position and a sufficient level of liquidity.