Lukinter Finance BV
30 May 2006




LETTER TO:  RNS
  

We kindly ask you to place today the following announcement regarding
the 3.5% convertible bonds due 2007 coupon payment by Lukinter Finance B.V.:

30th May 2006

Lukinter Finance B.V. U.S.$350,000,000 3.5 per cent. Convertible Bonds due 2007
convertible into Global Depositary Receipts representing ordinary shares of, and
with the guarantee of, OAO LUKOIL (the 'Bonds').

Lukinter Finance BV, a member of the OAO LUKOIL Group, announces that, pursuant
to, and in accordance with, Clauses 5 and 7(B) of the Terms and Conditions of
the Bonds, on 30th May, 2006, Lukinter Finance B.V. made payment in the
aggregate amount of US$ 956,445 representing semi-annual interest on the Bonds
outstanding as of the date thereof, subject to and in accordance with all other
Terms and Conditions of the Bonds.

Elena Telegina
Director     



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