24.05.2011 Doc re. Corporate Governance Report

OAO “LUKOIL” announces that a copy of the Corporate Governance Report of OAO “LUKOIL” for 2010 prepared in accordance with the UK FSA’s DTR 7.2 and approved by the Board of Directors of OAO “LUKOIL” on May 20, 2011 has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.Hemscott.com/nsm.do. The Corporate Governance Report can be also viewed at the LUKOIL website at http://www.lukoil.com/static_6_5id_2223_.html.