16.04.2007 Holding(s) in Company_1

16.04.2007

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:	Open Joint Stock Company “Oil Company “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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify): Pursuant to Transitional Provision 7 of the Disclosure and Transparency Rules	✔
3. Full name of person(s) subject to the notification obligation:	Vagit Alekperov
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	N/A
6. Date on which issuer notified:	February 26, 2007
7. Threshold(s) that is/are crossed or reached:	15%

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
			Direct and Indirect	Direct and Indirect	Direct and Indirect
Common shares ISIN RU0009024277 ADRs ISIN US6778621044	N/A	N/A	143,745,081	143,745,081	16.899%

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

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
No

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

Annex Notification Of Major Interests In Shares

A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)	Vagit Alekperov
Contact address (registered office for legal entities)	11, Sretensky Boulevard, Moscow, Russia, 101000
Phone number	+7 495 627 44 44
Other useful information (at least legal representative for legal persons)	N/A

B: Identity of the notifier, if applicable
Full name	N/A
Contact address	N/A
Phone number	N/A
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	N/A

C: Additional information

N/A