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03.11.2010 Holding(s) in Company

03.11.2010 
Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
 
OAO Lukoil
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the
notification obligation:
 
Royal Bank of Canada  
4. Full name of shareholder(s) 
 (if different from 3.):
Hare & Co Nominees
EC Nominees
Redruth Investments Limited  
5. Date of the transaction and date on
which the threshold is crossed or
reached:
 
22 September 2010
6. Date on which issuer notified:29 October 2010
7. Threshold(s) that is/are crossed or
reached: 

10%

8. Notified details:
A: Voting rights attached to shares 
Class/type of
shares

if possible using 
the ISIN CODE

Situation previous
to the triggering
transaction
 
Resulting situation after the triggering transaction 
Number
of
Shares
 
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
 
% of  voting rights
DirectDirect Indirect DirectIndirect
LUKOIL OIL CO SPON ADR REP 1 Ord Rub0.025
US6778621044
36,748,478
36,748,478
91,131,178

91,131,17810%


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date 
Exercise/ 
Conversion Period 
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights


Total (A+B+C) 
Number of voting rightsPercentage of voting rights
91,131,178
10%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: 
Royal Bank of Canada ("RBC"), through its wholly owned subsidiary RBC Finance BV, which in turn wholly owns RBC Holdings (Channel Islands) Limited, which wholly owns RBC Trust Company (International) Limited and RBC cees Limited, hold direction of the voting rights for 91,131,178 Lukoil ADR’s which represent 10.714% of the issued share capital. RBC Trust Company (International) Limited provides corporate, secretarial and administrative services to third parties and or/clients including Redruth Investments Limited which declared its interest in 77 million ADR's to OAO LUKOIL on 27th September 2010 and in relation to which the ultimate beneficial ownership (by Mr. Vagit Alekperov) remains unchanged.


Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:


13. Additional information:
14. Contact name:Scott Roberts
15. Contact telephone number:(01534) 602971