An Extraordinary General Shareholders Meeting of OAO “LUKOIL” will be held on 24 January 2005 at the Company’s Headquarters in Moscow.

The decision was taken at a Board of Directors meeting held earlier today. The Board of Directors also set December 9, 2004 as the date for preparing a list of shareholders entitled to participate in the Extraordinary General Shareholders Meeting.

Follows the agenda of the meeting:

1.       Early termination of authority of all the members of the Board of Directors of OAO “LUKOIL”. Election of the members of the Board of Directors of OAO “LUKOIL”.

2.       Approval of amendments and addenda to the Charter of OAO “LUKOIL”.

The Extraordinary General Shareholders Meeting of OAO “LUKOIL” is called at the request of the shareholders who own not less than 10% of the voting shares of OAO “LUKOIL”.

Press Centre  OAO "LUKOIL"
phone.: (095)927-1677,  fax: (095)927-1653,
E-mail: pr@lukoil.com