20.05.2011 Re Annual Report

OAO LUKOIL (the “Company”) notifies that the Annual report of OAO “LUKOIL” for 2010 prepared in accordance with the requirements of the Federal Service for Financial Markets of Russia and tentatively approved by the Board of Directors of OAO “LUKOIL” on May 20, 2011, for submission to the General Shareholders Meeting, is available on Company website at http://www.lukoil.com/static_6_5id_2108_.html and can be also viewed in the attached pdf file.

http://www.rns-pdf.londonstockexchange.com/rns/0309H_-2011-5-20.pdf