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24.06.2010 
Re BoD Decision on RUR Bond Issues  


OAO LUKOIL BOARD OF DIRECTORS APPROVES 100 BILLION RUBLE BOND PROGRAM

The OAO LUKOIL Board of Directors approved issue documents for registration of a Program for Non-Convertible Interest-Bearing Documentary Ruble Bonds (the ‘Program’) of the following series: 05, 06, 07, 08, 09, 10, 11, 12, 13, 14, and 15, with a total nominal value of RUR 100 billion, placed through public subscription.

The placement timing for each of the registered issues under the Program will be determined by the Company based on the market situation and the need for debt financing.


The nominal value of one bond is RUR 1,000.


ZAO Troika Dialog Investment Company and ZAO Raiffeisenbank act as the underwriters.

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