24.04.2008
Notice of AGM
THE BOARD OF DIRECTORS OF OAO LUKOIL APPROVES AGENDA OF OAO LUKOIL ANNUAL GENERAL MEETING
On 24 April 2008 the Board of Directors resolved to hold the Annual General Shareholders Meeting of OAO LUKOIL. The Annual General Shareholders Meeting will be held on June 26, 2008 at 11:00 at the Company’s headquarters at the following location: 11, Sretensky Boulevard, Moscow.
The record date for the list of shareholders entitled to participate in the Annual General Shareholders Meeting shall be May 08, 2008.
The shareholders shall send completed voting ballots to the following address: OAO NIKoil Registrar, 28, 3-aya ulitsa Yamskogo Polya, Moscow 125993. The deadline for receipt of ballots is June 23, 2008.
The Board of Directors approved the following agenda for the Annual General Shareholders Meeting of OAO LUKOIL:
1) Approval of the 2007 Annual Report of OAO LUKOIL and the annual financial statements, including income statements (profit and loss accounts) of the Company, and also distribution of profits (including through the payment (declaration) of dividends) and losses of the Company on the basis of annual results. Determination of the size, date, form and procedure of payment of dividends.
2) Election of the members of the Board of Directors.
3) Election of the members of the Audit Commission.
4) On the remuneration and reimbursement of expenses to members of the Board of Directors and Audit Commission of OAO LUKOIL.
5) Approval of the Company’s Auditor.
6) On the approval of interested-party transactions.
The Board of Directors has approved the list of materials to be provided to shareholders while preparing for the Annual General Shareholders Meeting.
The Board of Directors recommended that the Annual General Shareholders Meeting take the following resolutions:
- To approve the annual financial statements, including income statements (profit and loss accounts) of the Company, and also the distribution of profits:
The net profit of OAO LUKOIL* for distribution for 2007 was equal to 65,127,177 thousand roubles.
* Profits reflect unconsolidated profits of OAO LUKOIL in accordance with the Russian Accounting Standards.
To distribute 35,723,657 thousand roubles to the payment of dividends for 2007.
The rest of the net profit shall be left undistributed.
To pay dividends for the 2007 financial year in the amount of 42 roubles per ordinary share. To set the term of payment of dividends as July to December 2008. Payment of dividends shall be made in cash from the account of OAO LUKOIL.
The list of parties entitled to receive dividends shall be compiled on the date of preparation of the list of parties entitled to participate in the Annual General Shareholders Meeting of OAO LUKOIL, i.e. May 08, 2008.
- To elect the Board of Directors of OAO LUKOIL, consisting of 11 members, from the list of candidates approved by the Board of Directors of OAO LUKOIL on February 04, 2008.
While voting this item of the agenda, shareholders should take into consideration that OAO LUKOIL was notified in a written form on March 21, 2008 by Andrey L. Kostin of his refusal to be elected to the Board of Directors of OAO LUKOIL on the ground of conflict of interests.
- To elect the Audit Commission from the list of candidates approved by the Board of Directors of OAO LUKOIL on February 04, 2008.
- To approve Closed Joint-Stock Company KPMG as the independent auditor of OAO LUKOIL.
The full text of recommendations of the Board of Directors on the Annual General Shareholders Meeting agenda will be included in the set of documents dispatched to the shareholders during preparations for the Annual General Shareholders Meeting.