Source Pravda.Ru

LUKOIL provide the ability to buy its shares to international market.

LUKOIL's ordinary shares are expected to be listed on the London Stock Exchange contemporaneously with the offering. The Russian Federal Property Fund announced plans to offer its 50 million ordinary shares through an offering of American depositary shares. A total of 12,500,000 ADSs will be offered, with each ADS representing four LUKOIL common shares The net proceeds of the offering will be applied to the budget of the Russian Federation. Following completion of the offering, the Russian government will hold approximately 8% of LUKOIL's common equity. The Property Fund has retained Morgan Stanley & Co. International Limited as financial advisor, lead book-running manager and sole global coordinator of the offering. This announcement has been prepared by, and is the sole responsibility of, the Russian Federal Property Fund and OAO Project Privatization Company and has been approved by Morgan Stanley & Co. International Limited ("Morgan Stanley") solely for the purposes of section 21 of the Financial Services and Markets Act 2000 of the United Kingdom. Morgan Stanley is acting for the Property Fund and Project Privatization Company and no-one else in relation to the proposed offering and will not be responsible for providing to any other person the protections afforded to clients of Morgan Stanley or for providing advice in relation to the proposed offering. Morgan Stanley can be contacted at 25 Cabot Square, Canary Wharf, London E14 4QA, United Kingdom ©

&to=http://www.lukoil.com/' target=_blank>LUKoil

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