03.11.2010
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: | OAO 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |
| An event changing the breakdown of voting rights | |
| Other (please specify): | |
| 3. Full name of person(s) subject to the notification obligation: | Royal Bank of Canada |
| 4. Full name of shareholder(s) (if different from 3.): | Hare & Co Nominees EC Nominees Redruth Investments Limited |
| 5. Date of the transaction and date on which the threshold is crossed or reached: | 22 September 2010 |
| 6. Date on which issuer notified: | 29 October 2010 |
| 7. Threshold(s) that is/are crossed or reached: | 10% |
| 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 | Direct | Indirect | Direct | Indirect | |||
| LUKOIL OIL CO SPON ADR REP 1 Ord Rub0.025 US6778621044 | 36,748,478 | 36,748,478 | 91,131,178 | 91,131,178 | 10% | ||
| 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 |
| Total (A+B+C) | |
| Number of voting rights | Percentage of voting rights |
| 91,131,178 | 10% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
| Royal Bank of Canada ("RBC"), through its wholly owned subsidiary RBC Finance BV, which in turn wholly owns RBC Holdings (Channel Islands) Limited, which wholly owns RBC Trust Company (International) Limited and RBC cees Limited, hold direction of the voting rights for 91,131,178 Lukoil ADR’s which represent 10.714% of the issued share capital. RBC Trust Company (International) Limited provides corporate, secretarial and administrative services to third parties and or/clients including Redruth Investments Limited which declared its interest in 77 million ADR's to OAO LUKOIL on 27th September 2010 and in relation to which the ultimate beneficial ownership (by Mr. Vagit Alekperov) remains unchanged. |
| Proxy Voting: | |
| 10. Name of the proxy holder: | |
| 11. Number of voting rights proxy holder will cease to hold: | |
| 12. Date on which proxy holder will cease to hold voting rights: | |
| 13. Additional information: | |
| 14. Contact name: | Scott Roberts |
| 15. Contact telephone number: | (01534) 602971 |