OREANDA-NEWS  On 12 September  was announced, that Mr. Alekperov and Mr. Fedun discharging managerial responsibilities in the Company acquired ordinary shares of LUKOIL through a related party on September 10, 2008.

Vagit Yu. Alekperov, President of LUKOIL, acquired 1,200,000 shares of OAO LUKOIL at RUR 1,600 per share.

Leonid A. Fedun, Vice President of LUKOIL, acquired 800,000 shares of OAO LUKOIL at RUR 1,600 per share.

As a result of these transactions Mr. Alekperov’s and  Mr. Fedun’s direct and indirect holdings amount to 20.54% and 9.21% respectively of the issued ordinary shares of LUKOIL.