29.01.2007
Director/PDMR Shareholding
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
OAO LUKOIL (‘the Company’) was notified of the following transactions with common shares of the Company by the persons discharging managerial responsibilities. The transactions took place in Moscow on January 24, 2007:
Name of the person discharging managerial responsibilities:
| Transaction | Number of shares | Transaction amount (RUR) |
| Anatoly Barkov, member of the Management Committee | Sale of shares | 32,000 | 74,363,644 |
| Alexander Matytsyn, member of the Management Committee | Sale of shares | 32,000 | 74,363,644 |
| Lyubov Khoba, member of the Management Committee | Sale of shares | 40,000 | 92,954,555 |
The transactions have been made to pay for the shares received by the above mentioned persons during their participation in the Employee Restricted Share Plan that was approved by the Board of Directors in 2003. In accordance with the conditions of the Plan the shares can be paid with the participants' own funds or by means of a partial sale of shares to the Operator of the Plan. Pursuant to the Plan shares are bought back by the Operator at the weighted-average market price on the RTS Stock Ehxchange as of December 2006.