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I. Graifer, Chairman of the Board of directors of LUKOILV. I. Graifer, Chairman of the Board of directors of LUKOILV. Alekperov, President of OAO LUKOIL V. Alekperov, President of OAO LUKOIL Oilmen of LUKOILOilmen of LUKOILProduction facilities of the Caspian Yuri Karchagin fieldProduction facilities of the Caspian Yuri Karchagin fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe field Permnefteorgsintez Refinery Permnefteorgsintez RefineryVolgograd RefineryVolgograd Refinery Uhtaneftepererabotka Refinery Uhtaneftepererabotka Refinery Nijnegorodnefteorgsintez Refinery Nijnegorodnefteorgsintez RefineryMini refineries in KogalymMini refineries in KogalymPetrotel-LUKOIL (Romania)Petrotel-LUKOIL (Romania)LUKOIL Neftokhim Burgas (Bulgaria)LUKOIL Neftokhim Burgas (Bulgaria)Odessa Refinery (Ukraine)Odessa Refinery (Ukraine)Filling station commissioning in New-YorkFilling station commissioning in New-YorkChange of brand of a filling station in the USAChange of brand of a filling station in the USAIgor Sechin, Deputy Chairman of the RF Government, visits LUKOIL's fixed offshore ice-resistant platform in the Caspian Sea. December 16, 2009Igor Sechin, Deputy Chairman of the RF Government, visits LUKOIL's fixed offshore ice-resistant platform in the Caspian Sea. December 16, 2009LUKOIL’s arctic fleet welcomes ice-breaker “Varandey”, February 3, 2009LUKOIL’s arctic fleet welcomes ice-breaker “Varandey”, February 3, 2009Commissioning of the Yuzhno Khulchuyu Field. June 20, 2008Commissioning of the Yuzhno Khulchuyu Field. June 20, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008Commissioning of KHAUZAK gas field in Uzbekistan. November 29, 2007Commissioning of KHAUZAK gas field in Uzbekistan. November 29, 2007Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Construction of Varandey TerminalConstruction of Varandey TerminalCommissioning of a catalytic reforming installation at the Volgograd RefineryCommissioning of a catalytic reforming installation at the Volgograd RefineryNakhodkinskoye gaz field commissioningNakhodkinskoye gaz field commissioningOil Spill Response Exercise in the Caspian SeaOil Spill Response Exercise in the Caspian SeaInternational training exercises at Varandey oil export terminalInternational training exercises at Varandey oil export terminalAnti-terrorism exercises at Vysotsk oil terminalAnti-terrorism exercises at Vysotsk oil terminalInternational anti-terrorism exercises at Volgograd RefineryInternational anti-terrorism exercises at Volgograd RefineryInternational exercise at RPK-Vysotsk LUKOIL-IIInternational exercise at RPK-Vysotsk LUKOIL-IIFire-prevention trainings in Kaliningrad RegionFire-prevention trainings in Kaliningrad RegionExercises “Kaliningrad 2004”Exercises “Kaliningrad 2004”Post cardsPost cardsSecuritiesSecuritiesPhotoPhotoShareholder Relations Policy of OAO LUKOILShareholder Relations Policy of OAO LUKOILAnnual General Shareholders MeetingAnnual General Shareholders MeetingPresentationsPresentationsInvestor Trips to Sites Investor Trips to Sites Financial CalendarFinancial CalendarFinancial and Operating InformationFinancial and Operating InformationLUKOIL Stock QuotesLUKOIL Stock QuotesShareholders EquityShareholders EquityAnalyst CoverageAnalyst CoverageFAQFAQUzbekistanUzbekistanPerm Perm Karachaganak Karachaganak West SiberiaWest SiberiaEgyptEgyptFinancial FundamentalsFinancial FundamentalsOperating HighlightsOperating HighlightsHistory of Share Capital History of Share Capital ShareholdersShareholdersCompany SecuritiesCompany SecuritiesOil and Gas ReservesOil and Gas ReservesExplorationExplorationOil ProductionOil ProductionGas Production Gas Production Oil RefiningOil RefiningOils and lubricantsOils and lubricantsGas Processing Gas Processing PetrochemicalsPetrochemicalsCrude Oil DeliveriesCrude Oil DeliveriesGas DeliveriesGas DeliveriesPetroleum Product MarketingPetroleum Product MarketingPersonnel Management PolicyPersonnel Management PolicySocial Code of OAO LUKOIL Social Code of OAO LUKOIL Sustainability ReportSustainability ReportCharity and Social ActivitiesCharity and Social ActivitiesSportsSportsCorporate retirement programCorporate retirement programCompany Policy Company Policy Caring for the Environment Caring for the Environment Åcological monitoringÅcological monitoringCertificationCertificationAssociated SitesAssociated SitesSubsidiaries' WebsitesSubsidiaries' Websites
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History of Share Capital

   2008

unaltered


  
2007

unaltered


  
2006

unaltered


  
2005


April:  the ratio of depositary receipts to OAO LUKOIL shares was changed from 1 depositary receipt representing 4 ordinary shares to 1 depositary receipt representing 1 ordinary share for depositary receipt programs for ADR Level 1 (ISIN US6778621044) and Rule144 A (ISIN US6778622034)


  
2004

September: public auction to sell 7.6% of OAO LUKOIL share capital owned by the Russian Federal Property Fund;

the shares were acquired by Springtime Holdings Limited, an affiliate of the US ConocoPhillips. On the auction day LUKOIL and ConocoPhillips announced establishment of a strategic alliance and signing of an agreement, which enabled ConocoPhillips to increase its stake in the share capital up to 20%. The government stake dropped to 0%.     


  
2003

unaltered

  
2002

February: registration of the amendments and addenda to the Charter pursuant to which the Ñompany share capital does not comprise preferred shares any longer; the share capital is RUR 21,264,081.375 and comprises 850,563,255 ordinary shares

August: the Company obtained a full secondary listing for its ordinary shares and ADR Level 1 on the London Stock Exchange

December: sale of 50,000,000 government-owned ordinary shares (via ÎÀÎ Project Privatization Company) on international stock markets in the form of depositary receipts, which led to a 7.6% drop of the government stake in OAO LUKOIL share capital

  
2001

April: placement of ordinary shares registered in December, 2000 completed: out of 18,600,000 ordinary  shares 18,431,061 were actually placed

May: amendments and addenda to the Charter related to an increase in the Company’s share capital were made;

share capital consists of 833,994,316 shares, including:
756,782,452 ordinary shares
77,211,864 preferred shares

August: state registration of 16,568,939 ordinary shares placed by open subscription;
state registration of 77,211,864 convertible preferred shares

September: placement of the ordinary shares registered in August, 2001, conversion of all preferred shares of the Company into the convertible preferred shares issued in August, 2001

October: due to the placement of ordinary shares the share capital increased to RUR 21,264,081.375 and reached 850,563,255 shares, including:
773,351,391  ordinary shares
77,211,864 convertible preferred shares

November: registration of an issue of 77,211,864 ordinary shares and conversion of the convertible preferred shares into them   

  
2000

April: after fulfilling the terms of the investment competition which took place in October, 1999, the competition winner was awarded the government’s stake, which came to 8.24% of the new share capital of the Company (9% of the former share capital);

government-owned stake in the share capital is 14.58%, including:
the Ministry of State Property - 6.04%
the Russian Federal Property Fund - 8.54%

December: state registration of a new issue of 18,600,000 ordinary shares with the par value of RUR 0.025 each;

the government established OAO Project Privatization Company, which received 50,000,000 ordinary shares (6.13% of the share capital), previously owned by the Russian Federal Property Fund, for the purpose of a subsequent sale on international stock markets.

  
1999

October: commercial competition with investment conditions to sell the government-owned shares;

the total number of the ordinary shares put up for sale is 67,184,480 (9% of the share capital);

number of shares placed is 67,184,480.


  
1998

unaltered

  
1997

January: issue of the shares placed by subscription among the shareholders of subsidiaries in exchange for the shares of subsidiaries in accordance with the resolution made by the Annual General Shareholders’ Meeting, consent by the RF Government and Decree No. 327 by the RF President; 32,000,000 shares were issued, including:

19,800,000 ordinary shares
12,200,000 preferred shares

February: issue of American Depositary Receipts for preferred shares  

March: launch of exchange of the issued shares for the shares of subsidiaries

June: increase in the share capital of the Company based on the results of the previous issue;

the total number of shares is 746,563,255, including:
669,351,391 ordinary shares
77,211,864 preferred shares;

the  share capital reached RUR 18,664,081,375.

October: approval of the amendments to the overall privatization plan by the RF Ministry of State Property;

in accordance with the Amendments to the overall privatization plan 26.9% of the  share capital is government-owned, including:
RF Ministry of State Property - 6.6%
The Russian Federal Property Fund - 20.3%

  
1996

January: first issue of ADR Level 1 for ordinary shares

March: first issue of ADR Rule 144 A  

  
1995

March: state registration of the share split
1 share with the par value of RUR 1,000 is equal to 8 shares with the par value of RUR 125.

May: registration of the amendments and addenda to the Charter related to the share split (1 share with the par value of RUR 125 is transformed into 5 shares with the par value of RUR 25) and increase in the share capital by the amount of the additional issue;

the charter capital comprises 714,563,255 shares with the par value of RUR 25, including:
649,551,391 ordinary shares
65,011,864 preferred shares;

additional issue of the Company’s shares placed
by closed subscription among the shareholders of subsidiaries in exchange for the shares of subsidiaries pursuant to the RF President’s Decree No. 327 On Organizational Measures Aimed at Restructuring State-Owned Enterprises, Voluntary Associations of State-Owned Enterprises into Joint-Stock Companies dated April 1, 1995   

June: exchange started of the Company’s shares for shares of subsidiaries consolidated by the Company pursuant to the RF President's Decree No. 1403 dated November 17, 1992 and the RF Government’s Resolution No. 861 On Structural Improvements of the Joint Stock Company “Oil Company ‘LUKOIL’” dated September 1, 1995

December: investment competition among Russian investors: 16% of shares of the Company's  share capital sold

  
1994

March - April: sale of ordinary shares at a specialized voucher auction  

  
1993

April: establishment of OAO LUKOIL pursuant to the RF Government’s Resolution No. 299 On Establishment of Open Joint Stock Company “Oil Company ‘LUKOIL’”  dated April 5, 1993

November: approval of the Overall Privatization Plan of the Company

Pursuant to the Overall Privatization Plan 90.77% of the share capital is government-owned,
including

RF State Property Committee (held as federal property) - 45%
the Russian Federal Property Fund (to be sold) - 45.77%



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