LUKOIL In the world. LUKOIL today. LUKOIL today Is. LUKOIL does business In 37 countries worldwide. In particular, the company:

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1 2 1 In the world today Production of marketable hydrocarbons by major international Private oil & gas companies (2010), mln boe per day ExxonMobil BP is one of the world s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company's exploration and production activity is located in, and its main resource base is in Western Siberia. owns modern refineries, gasprocessing and petrochemical plants located in, Europe and near-abroad countries. Company s production is marketed in, Eastern and Western Europe, near-abroad countries and the USA. Shell Chevron Total today Is Eni ConocoPhillips Proved hydrocarbon reserves by international oil & gas companies (12/31/2010), bln boe 1.0% of world oil reserves; 2.2% of world oil production*; 0.4% of world gas reserves; 0.6% of world gas production; 1.6 % of world refining capacities; 1.8% of world oil refinery throughputs; The largest privately owned oil & gas company in the world by proved oil reserves; 3 rd largest privately owned oil & gas company in the world by proved hydrocarbon reserves; 3 rd largest privately owned oil & gas company in the world by oil production; 6 th largest privately owned oil & gas company in the world by hydrocarbon production. ExxonMobil BP Shell Chevron * According to EIG does business In 37 countries worldwide. In particular, the company: Total 10.3 ConocoPhillips Eni Repsol YPF Oil Gas Carries out geological exploration work in 11 countries; Has proved oil reserves in 6 countries; Has proved gas reserves in 4 countries; Produces oil (or prepares for production) in 6 countries; Produces gas in 4 countries; Has oil refineries in 6 countries (including share in the ISAB refinery complex and TRN Refinery); Has petrochemical plants in 3 countries; Retails petroleum products in 27 countries.

2 Fact book net margin of major international Private oil & gas companies (2010), % Chevron ExxonMobil BP Eni ranks 5 among European energy companies and 10 among 250 biggest energy companies worldwide (Platt s); 8 among publicly traded integrated oil companies worldwide (The Fortune Global-500 rating); 71 among 2,000 largest companies worldwide (The Forbes 2000); 2 among largest n companies (Expert RA); Company securities are traded in 4 countries on stock exchanges and the OTC market; Company securities are the second most liquid corporate stocks of foreign issuers traded on the London Stock Exchange (IOB system). Total ConocoPhillips Shell Performance of lukoil share Price compared with the bloomberg oils index of major international oil companies (2010), % roace of major international Private oil & gas companies (2010), % ExxonMobil BP* ConocoPhillips Eni 12.5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Chevron 12.4 Bloomberg Oils Total 11.9 Shell * In ROACE calculation net income is adjusted for expenses incurred by Gulf of Mexico spill countries where lukoil securities are traded USA United Kingdom RUSSiA germany

3 4 On the world map IS ONE OF THE WORLD S LARGEST VERTICALLY INTEGRATED OIL & GAS COMPANIES GeoloGical exploration or preparation For production production of oil & Gas oil refining petrochemicals power Generation marketing

4 Fact book

5 6 history Of GrOUp Our purpose is to harness natural energy resources for human benefit. We aim to support long-term economic growth, social stability, prosperity and progress in the regions Where We operate, as Well as caring for the environment and ensuring sustainable use of natural resources. We Want to achieve consistent and long-term growth of our business, transforming lukoil into a leading global energy company. We Want to be a reliable supplier of hydrocarbons on the international energy market The state oil company LangepasUrayKogalymneft is set up by decree of the USSR Council of Ministers. The new Company unites three oil producing enterprises (Langepasneftegaz, Urayneftegaz, Kogalymneftegaz) and three oil refineries (Perm, Volgograd and Novoufimsk) is created as a public joint-stock company by decree of the n Government. Its share capital consists of controlling stakes in production, refining and marketing enterprises. The Company's privatization plan is approved and a first issue of shares is registered The first stage of privatization is completed, and trading of the Company's shares on the secondary market begins. The Company enters the Azeri Chirag Guneshli project in Azerbaijan A n Government decree transfers controlling stakes in 9 production, marketing and service companies in Western Siberia, the Volga Region and the Urals to. Group shifts to a single share. Atlantic Richfield Company (ARCO) of the USA becomes a major shareholder and strategic partner of. The Company enters international projects: Kumkol in Kazakhstan and Meleiha in Egypt ADRs based on shares are placed on the international market. The Company enters the Shakh-Deniz project in Azerbaijan The Company enters the Karachaganak and Tengiz projects in Kazakhstan and the West Qurna-2 project in Iraq. Consolidation of main subsidiaries of is completed via exchange of their shares for shares of the Company The Company acquires the Romanian oil refinery Petrotel and limited liability company Stavrolen in, and enters the D-222 project in Azerbaijan The Company acquires controlling stakes of public joint-stock company KomiTEK, the Odessa Refinery (Ukraine), Ukhta Refinery, limited liability company Saratovorgsintez and the Burgas Refinery in Bulgaria The Company buys Getty Petroleum Marketing Inc. of the USA, which owns about 1,300 filling stations in the North-East USA. and the company Oriana jointly find the petrochemicals enterprise, LUKOR, as a private joint-stock company. Public joint-stock company RITEK and limited liability company -Perm are consolidated The Company buys the public joint-stock company Yamalneftegazdobycha, which has licenses to use sub-soil resources in the Bolshekhetskaya Depression. The Company acquires a controlling stake of the Nizhny Novgorod Refinery. also acquires controlling stakes of the public jointstock company Arkhangelskgeoldobycha and of several small companies (limited liability company Kharyaganeft, public joint-stock company Bitran, private joint-stock company Baitek-Silur, and limited liability company AmKomi), which have licenses for development of fields in Timan- Pechora. Preferred shares are converted to common shares at a conversion rate of 1:1. The Company enters the WEEM project in Egypt The Company begins a restructuring program, targeted at efficiency improvements and increase of shareholder value. becomes the first n company with a full secondary listing on the London Stock Exchange. A 5.9% government stake in is placed on the London Stock Exchange. acquires the limited liability companies UralOil and KomiQuest. The Company enters the Condor project in Colombia.

6 Fact book A purchase and sale agreement is signed with Rosneft for the assets of the following companies: public joint-stock company Arkhangelskgeoldobycha, private joint-stock company Rosshelf and limited liability company Polar Lights. completes consolidation of limited liability company -Perm, public joint-stock companies Ukhtaneft, Tebukneft, and YaNTK, and private joint-stock companies -AIK and Investnafta. buys controlling stake of the private joint-stock company RKM-oil. acquires 79.5% of shares in the Serbian company Beopetrol, which controls about 20% of the retail fuel market in Serbia. The Company's stake in the Azeri Chirag Guneshli project is sold. The Company enters the West and North-East Geisum projects in Egypt and the Anaran project in Iran enters the Tyub-Karagan and Atashsky projects on the Caspian shelf (Kazakhstan), the Block A gas project in Saudi Arabia and the Kandym Khauzak Shady gas project in Uzbekistan. increases its ownership of LUKAgip to 100% by acquisition of 50% previously owned by ENI Group. The Petrotel- refinery is relaunched following modernization. acquires 779 filling stations from ConocoPhillips in the US states of New Jersey and Pennsylvania. Production begins at the Kravtsovskoye field on the shelf of the Baltic Sea. A new transshipment complex is brought into operation at Vysotsk. sells 100% of limited liability company -Drilling. A decision is taken to sell controlling stakes in the public joint-stock company Petrocommerce Bank and in the private joint-stock companies -Neftegazstroi and Arcticneft. ConocoPhillips acquires 7.6% of common shares, which were previously owned by the n Federal Government, putting in 100% private ownership. and ConocoPhillips announce creation of a largescale strategic alliance The Nakhodkinskoye gas field (Yamal-Nenets Autonomous District) is commissioned. discovers the V. Filanovsky oil & gas condensate field on the shelf of the Caspian Sea with probable and possible reserves of more than 750 mln boe. The Company acquires in Nelson Resources Limited which has interests in four production projects in Kazakhstan. acquires a 66% stake in Geoilbent which develops fields in Western Siberia. The Group buys the remaining 50% in SeverTEK developing fields in Nenets Autonomous District and in the Komi Republic. and ConocoPhillips set up a joint venture, Naryanmarneftegaz, for development of hydrocarbon reserves in the Timan- Pechora oil & gas province. and the Kazakh oil & gas company KazMunaiGaz sign founding documents of a joint venture, Caspian Oil & Gas Company, for development of the Khvalynskoye field (Caspian Sea). enters the Junin-3 project (Venezuela). buys 51% minus one share in Primorieneftegaz which has a license for geological study of the Poimenny block on which large gas condensate field, Tsentralno-Astrakhanskoye, was discovered in The Company acquires the Finnish companies Oy Teboil Ab and Suomen Petrooli Oy engaged in petroleum product wholesale and retail sale as well as in production and sale of lubricants. As part of its restructuring program sells a 38% interest in Globalstroy- Engineering and a 100% share in Arcticneft. Largescale reconstruction and modernization is begun at the Odessa Refinery. The Company exits the Zykh-Govsany project in Azerbaijan acquires 41.81% of shares in Udmurtnefteprodukt, which controls over 60% of the petroleum product market in the Republic of Udmurtia. The Company acquires 100% of the share capital of Khanty-Mansiysk Oil Corporation from Marathon Oil Corporation. acquires 63% of a PSA for exploration, development and production of hydrocarbons at the CI-205 block (Cote d'ivoire). The Company signs a PSA for the Aral project (Uzbekistan). signs an agreement with KazMunaiGaz and Repsol Exlporacion Kazakhstan on transfer to the Group of a 25% stake in the company Zhambai, which is the PSA contractor for the South Zhambai and South Zaburunye offshore territories located in the Kazakh sector of the Caspian Sea. signs an agreement on sale of 50% of Caspian Investments Resources Ltd. which carries out oil field exploration and development in Kazakhstan. signs an agreement to acquire retail business of ConocoPhillips, consisting of 376 filling stations in Belgium, Luxembourg, Finland, the Czech Republic, Hungary, Poland and Slovakia. The consortium for development of the Shakh- Deniz gas condensate field, which includes, starts commercial production of hydrocarbons.

7 starts production at the Khauzak gas area, part of the Kandym Khauzak Shady gas project in the Republic of Uzbekistan. The Company signs an agreement with Vanco Energy, on acquisition of a 56.66% stake in three geological exploration projects at promising offshore blocks in the Gulf of Guinea (Cote d Ivoire and Ghana). completes the deal with ConocoPhillips for acquisition of 100% stakes in companies that own 376 filling stations in Belgium, Luxembourg, Finland, Czech Republic, Hungary, Poland, and Slovakia. Group completes consolidation of Geoilbent by purchase of the remai-ning 34% of the company. The Company sells 50% share of Caspian Investments Resources Ltd. (former Nelson Resources Limited) to the company Mittal Investments S.A.R.L. Group completes the first stage of modernization of the Odessa Refinery, including reconstruction of distillation facilities and various other equipment and premises. The Ukhta Refinery com missions a vacuum residue visbreaking unit with annual design capacity of 800,000 tons. commissions an isomerization unit at the Volgograd Refinery, annual production capacity is 380,000 tons. obtains the distribution network of the company Rostovneft commissions the Yuzhnaya Khylchuya field (Timan-Pechora). and Gazprom discover a large oil, gas and condensate field at the Tsentralnaya structure in the Caspian Sea. acquires SNG Holdings Ltd., which owns 100% of the PSA for fields in South-West Gissar and Ustyurt region in the Republic of Uzbekistan. and National oil company of Venezuela PDVSA sign an agreement on joint study of the Junin-3 block in Venezuela. and ERG S.p.A. sign an agreement on creation of a joint venture for management of the ISAB oil refining complex (Italy). acquires 64.31% of UGK TGK-8. The Company acquires 100% of shares in the Turkish company Akpet. acquires 100% of the companies Association GRAND and MEGA OIL M, whose assets include 181 filling stations in Moscow and Moscow Region, as well as in Pskov, Kaluga, Novgorod and other regions. commissions a unit for visbreaking of vacuum residue with annual capacity of 2.4 mln tons. The Company recommissions the Odessa refinery after completion of an upgrade, which began in begins drilling of the first production well at the Pyakyakhinskoye gas-condensate field; Group signs an agreement to acquire 45% of TOTAL Raffinaderij Nederland N.V. (TRN), a refinery in the Netherlands, from TOTAL S.A.; Group commissions an isomerization unit at the Ukhta Refinery; The Company launches new premium-class fuel brands, EKTO Plus (octane number 95) and EKTO Sport (octane number 98); launches a new sulfuric acid alkylation unit with capacity of 300,000 tons per year at the Burgas Refinery (Bulgary); completes purchase from BP s subsidiary of a 46% stake in the joint venture, LUKARCO B.V., which is developing the Tengiz and Korolevskoye fields in Kazakhstan; A consortium of and the Norwegian company Statoil wins the tendering competition for rights to develop the West Qurna-2 field in Iraq; begins production drilling at the Yu. Korchagin field in the Caspian Sea signs development and production agreement at the West Qurna-2 field; A consortium of three companies,, Vanco and GNPC discovers a significant hydrocarbon accumulation in the Dzata structure of the Cape Three Points Deep Water Block in the Gulf of Guinea offshore the Republic of Ghana; produces first oil from the Yu. Korchagin field, located in the n sector of the Caspian Sea; A consortium, including and Vanco wins the tendering competition for rights to explore and develop two offshore blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea; repurchases its shares from ConocoPhillips for the total amount of $3.4 billion; begins retail sales of Euro-5 compliant diesel fuel in ; begins to produce Euro-4 compliant automobile gasoline.

8 Fact book history Of corporate GOvernance 2010 Company makes the largest on the market buy-back of its shares from ConocoPhillips out of 11 members of the BoD are independent 2007 gets investment ratings from all three leading international rating agencies for the first time in its history 2006 ConocoPhillips increases its stake in to 20% 2005 Representastive of ConocoPhillips is elected to the BoD Changes to the Charter increasing rights of minorities are approved 2004 ConocoPhillips acquires 10%of shares and becomes the Company s strategic partner 2003 Creation of Board committees 2002 Full listing on the LSE Including of independent directors to the Board 2001 Quarterly financial accounts under US GAAP Creation of Internal Audit Department Conversion of preffered shares to common shares (1:1) 1998 First financial results under US GAAP 1997 First reserve audit by Miller & Lents 1996 First ADR issue by a n oil company 1995 Transfer to a single share First general meeting of shareholders First n company with a strategic foreign partner (ARCO) 1994 KPMG is appointed as Company auditor and Akin Gump as legal consultant 1993 Creation of

9 10 OperatInG StrUctUre Of GrOUp (2010)* Exploration & Production western siberia L-Western Siberia RITEK Western Siberia volga L-Nizhnevolzhskneft L-Volgogradneftegaz Urals L-Perm russia timan-pechora L-Komi Naryanmarneftegaz Other RITEK L-Kaliningradmorneft Oil refining volga L-Volgogradnefteperepabotka L-Nizhegorodnefteorgsintez timan-pechora L-Ukhtaneftepererabotka western siberia Uray Mini-refinery Kogalym Mini-refinery Urals L-Permnefteorgsintez Petrochemicals volga Stavrolen volga Saratovorgsintez Gas Processing volga Korobkovsky Plant Urals Permneftegazperepabotka timan-pechora Usinsky Plant western siberia Lokosovsky Plant Product Marketing L-Volganefteprodukt L-Nizhnevolzhsknefteprodukt L-Permnefteprodukt L-Severo-Zapadnefteprodukt L-Uralnefteprodukt L-Tsentrnefteprodukt L-Yugnefteprodukt Power Generation L-Volgogradenergo L-Rostovenergo L-Kubanenergo L-Astrahanenergo * L- - stands for -.

10 Fact book Kazakhstan Karachaganak Kumkol Tengiz Tyub-Karagan Atashsky Kazakhoil-Aktobe Karakuduk Arman North Buzachi South Zhambai/ South Zaburunye azerbaijan Shakh-Deniz InternatIOnaL Uzbekistan Kandym-Khauzak-Shady Kungrad Aral South-West Gissar/ Central Ustyurt cot d'ivoire CI-205 CI-101 CI-401 romania Est Rapsodia and Trident ghana Cape Three Points Deep Water egypt Meleiha WEEM colombia Condor venezuella Junin-3 Junin-6 saudi arabia Block А Iraq West Qurna-2 Ukraine L-Odessa Refinery romania Petrotel- bulgaria Neftokhim Burgas Italy ISAB Refinery Complex (49%) the netherlands TRN Refinery (45%) bulgaria Neftokhim Burgas Ukraine Karpatneftekhim L-Azerbaijan L-Baltic L-Serbia L-Belarus L-Bulgaria L-Croatia L-Slovakia L-Italy L-Bosnia and Herzegovina L-Hungary L-Georgia L-Romania L-Cyprus L-Macedonia L-Moldova L-Czech Republic L-Poland L-Turkey L-Ukraine L-Finland L-USA L-Montenegro L-Belgium LITASKO L-Energy & Gas Romania L-Energy & Gas Bulgaria L-Energy & Gas Ukraine

11 12 OIL reserves IS IN first PLACE AMONG MAJOR INTERNATIONAL PRIVATELY OWNED OIL & GAS COMPANIES BY PROVED OIL RESERVES carries out geological exploration work in 11 countries; has proved oil reserves in 6 countries; Proved oil reserves of Group as of the end of 2010 were bln barrels; 's share in total world oil reserves was 1.0 % at the end of 2010; Proved oil reserves of Group in 2010 declined by 2.8% which is mainly explained by adoption of law on oil & gas MET rates indexation from Proved oil reserves of major international Privately owed oil & gas companies* (12/31/2010), bln barrels BP ExxonMobil share of lukoil group in world oil reserves, % 10% regional distribution of global oil reserves (12/31/2010) 6% 2% 2% 3% 77% Chevron Total Shell 4.5 Eni 3.6 ConocoPhillips * excluding bitumen crude oil OPEC countries Other Kazakhstan USA Canada countries where lukoil has oil reserves, mln barrels russia 12,687 kazakhstan 521 uzbekistan 29 azerbaijan 12 iraq 62 egypt 8 total 13,319

12 Fact book GaS reserves HAS THE 6 Th LARGEST RESERVES OF GAS AMONG MAJOR INTERNATIONAL PRIVATELY OWNED OIL & GAS COMPANIES carries out geological exploration work in 11 countries; has proved gas reserves in 4 countries; Proved gas reserves of Group as of the end of 2010 were tcf; Proved gas reserves of Group increased by 3.4% in 2010 which is mainly explained by continuing development of Bolshekhetskaya Depression and start of drilling at the Pyakyakhinskoye field; 's share in total world gas reserves was 0.36% at the end of Proved gas reserves of major international Privately owed oil & gas companies (12/31/2010), tcf 0.5 share of lukoil group in world gas reserves, % regional distribution of global gas reserves (12/31/2010) 5% 4% ExxonMobil % Shell % 40% BP Total % Chevron ConocoPhillips Eni % 24% Middle East Other Asia Africa North America South America countries where lukoil has gas reserves, bcf russia 16,847 kazakhstan 1,653 uzbekistan 4,796 azerbaijan 319 total 23,615

13 14 OIL production IS IN 3 rd PLACE BY OIL PRO- DUCTION AMONG MAJOR INTERNA- TIONAL PRIVATELY OWNED OIL & GAS COMPANIES HAS ONE OF THE highest AVERAGE ANNUAL RATES OF OIL PRO- DUCTION GROWTH produces oil in 5 countries; Oil production by Group in 2010 was mln tons (708 mln barrels); The share of Group in world oil production in 2010 was 2.2%*; Oil production by Group in 2010 decreased by 1.7% which is mainly explained bv depletion of reserves in Western Siberia; average annual rate of oil production for 5 years is 0.2%. * according to eig oil Production by major international Privately (2010), mln barrels per day regional distribution of global oil Production (2010) 5% 4% 3% 2% 3.2 share of lukoil group in world oil Production, % ExxonMobil 2.4 7% 34% BP Chevron % Shell 1.7 Total Eni ConocoPhillips % Brazil Mexico North sea China USA Independent producers OPEC countries -2.0 oil Production, compound annual growth rate (cagr) in , % world lukoil big 8* * 8 major international privately owned oil & gas companies. countries where lukoil Produces oil, mln barrels russia kazakhstan 42.4 uzbekistan 0.7 azerbaijan 1.1 egypt 1.7 total 708.0

14 Fact book GaS production HAS LOWER LEVELS OF GAS PRODUCTION THAN OTHER MAJOR PRI- VATELY OWNED INTERNATIONAL OIL & GAS COMPANIES, BUT THE COMPANY IS CURRENTLY WORKING HARD TO INCREASE GAS OUTPUT HAS ONE OF THE highest ANNUAL RATES OF GAS PRODUCTION GROWTH produces gas in 4 countries; Gas production by Group in 2010 was bcm (753 bcf), including marketable gas production of bcm (655 bcf); Marketable gas production in 2010 increased by 24.5% due to growth in purchases of gas by OAO Gazprom; Marketable gas production by Group increased by 36.3% in the last 5 years, average annual growth of gas production is 8%. marketable gas Production by major international oil & gas companies (2010), mln boe per day 0.6 share of lukoil group in world gas Production in 2010, % regional distribution of global gas Production (2010) 6% 5% 26% ExxonMobil % Shell BP Total % 18% Chevron Eni ConocoPhillips gas Production, compound annual growth rate (cagr) in , % big 8* % North America Other Asia Middle East Africa South America * 8 major international privately owned oil & gas companies. countries where lukoil Produces gas, mcm russia 13,635 kazakhstan 1,719 uzbekistan 2,655 azerbaijan 545 total 18,554

15 16 OIL refining share of lukoil group in world oil refining, % has oil refineries in 6 countries (including the ISAB refining complex and TRN Refinery); Overall capacity of Group refineries at the end of 2010 was 71.5 mln tons of crude oil per year, or 1.56% of global capacities; Oil refineries of Group refined 66.2 mln tons (485 mln barrels) of crude oil in 2010 (including share in refinery throughputs at the ISAB refining complex and TRN Refinery), representing 1.78% of total world refining; Refining at Group refineries rose by 35.4% in the last 5 years, and the Company's share in total world refining rose by a third % regional distribution of global refining capacities (12/31/2010) 20% 23% Europe Middle East North America Asia 6% 7% 4% 31% Africa South America regional distribution of global refinery throughputs (2010) oil refineries of lukoil group in 2010, mln tons mini-refineries in uray and kogalym 0.19 ukhta refinery 4.10 nizhny novgorod refinery perm refinery Volgograd refinery odessa refinery 1.45 Ukraine trn refinery* 4.48 netherlands refinery at ploiesti 2.52 Romania refinery at Burgas 5.95 Bulgaria isab complex* 6.57 italy total % 7% 6% * Throughput of the ISAB and TRN refineries is shown as the Company share (49% and 45%, respectively). 3% 9% 31% 24% Europe Middle East North America Asia Africa South America

16 Fact book OIL deliveries to the InternatIOnaL market share of russia in oil deliveries to the international market, % Subsidiaries of Group sold about 48 mln tons of oil on the international market in 2010, representing 1.49% of total world oil deliveries share of lukoil group in russian crude oil exports 16.4% sources of global oil exports (2010) 13% 44% 11.5 share of lukoil group in oil deliveries to the international market, % 83.6% 43% Other exporters Other Middle East main crude oil export routes of lukoil Murmansk Varandey Primorsk Svetly Germany Poland Czech Republic Slovakia Hungary Odessa Novorossiysk Tuapse Pipeline

17 18 2 In russia today THE BIGGEST RUSSIAN BUSI- NESS GROUP WITH ANNUAL NET INCOME IN ExCESS OF $9 BLN AND TURNOVER IN ExCESS OF $100 BLN Most of the Company's activity is focused in 4 federal districts of the n Federation: the North-West, Volga, Urals and Southern districts. The Company's main resource base and oil production region is Western Siberia. The Company owns 4 oil refineries and 2 mini-refineries in, as well as 4 gas-processing plants. The Company's n assets also include 2 petrochemical plants. sells its petroleum products in 62 of 's administrative regions. today is: 16.4% of n oil reserves; 17.8% of n oil production; 16.4% of n oil refining capacity; 18.2% of n refinery throughputs; 16.4% of n crude oil exports; 19.7% of n petroleum product exports. The Company whose shares are among most liquid securities of issuers during 2010 both domestically and abroad; The leader among n companies by informational openness and transparency, and the first n company to obtain full listing on the London Stock Exchange; The only privately owned n oil company, whose share capital is dominated by minority shareholders. share of lukoil group in russian Proved oil reserves (12/31/2010) share of lukoil group in russian crude oil output (2010) share of lukoil group in russian refinery throughputs (2010) 16.4% 17.8% 18.2% 83.6% 82.2% 81.8% Other companies Other companies Other companies

18 Fact book reserves and production regional distribution of Proved oil reserves of lukoil group (12/31/2010) 4.7% Proved oil reserves of Group in at the end of 2010 were bln barrels, representing 95.3% of total Company oil reserves; Proved gas reserves of Group in at the end of 2010 were tcf, or 71.3% of total Company gas reserves; produced mln tons of oil in in 2010, representing 17.8% of total n oil production and 93.5% of total oil production by the Company; produced bcm of marketable gas in in 2010, representing 2.6% of total n gas production and 73.5% of total marketable gas production by the Company; The Company owns 17.9% of total n oil production wells and 18.1% of n oil production wells in use. 95.3% International projects regional distribution of gas reserves of lukoil group (12/31/2010) share of lukoil Production in russia in total russian oil Production, % share of oil Production wells of lukoil group in total russian oil Production wells, % 28.7% % International projects regional distribution of crude oil Production of lukoil group (2010) 6.5% 93.5% International projects

19 20 regional distribution of marketable gas Production of lukoil group (2010) share of idle wells, % 26.5% The share of idle oil wells in Company production wells is lower than the n average % 13 International projects regional distribution of oil Production wells in use of lukoil group (2010) watercut, % 6.1% The watercut at Company wells is lower than the n average % 76 International projects regional distribution of oil Production wells of lukoil group (2010) average flow rate of oil wells, tons per day 5.7% Flow rate of Company wells is higher than the n average % 9 International projects

20 Fact book OIL refining CAPACITY UTILIZATION OF GROUP RUSSIAN REFINERIES WAS RECORD 100,2% IN 2010 Overall capacity of n oil refineries of Group at the end of 2010 was: > 45.1 mln tons per year (338 mln barrels per year), > 16.1% of total n capacities; The Company refined mln tons of oil at its own n refineries in 2010, or 18.2% of total n refining; The Company's refinery throughputs in increased by 26.2% over the last 5 years. share of russian refineries of lukoil group in overall russian output of main Petroleum Products (2010), % Vacuum gas oil Petroleum Coke In russia ranks: > 1 st in production of jet fuel; > 2 nd in production of coke; > 1 st in production of bitumen; > 1 st in production of vacuum gas oil; > 2 nd in production of diesel fuel; > 2 nd in production of motor gasoline. Premium gasoline Jet fuel Bitumen share of russian refineries of lukoil group in total russian refining, % share of high-octane gasoline in overall Production of motor gasoline, % Diesel fuel Motor gasoline share of lukoil group in russian refining capacities (12/31/2010) regional distribution of refining capacities of lukoil group (12/31/2010) regional distribution of own refinery throughput of lukoil group (2010) 16.4% 36.9% 31.7% 83.6% Other companies 63.1% International projects 68.3% International projects

21 22 export Of OIL and petroleum products ExPORTED 25.8 MLN TONS OF PETROLEUM PRODUCTS IN 2010, OR 19.7% OF TOTAL RUSSIAN PETRO- LEUM PRODUCT ExPORTS Crude oil exports from by subsidiaries in 2010 amounted to 40.6 mln tons, representing 16.4% of total n exports; Decrease of Company share in n petroleum product exports is explained by Group focus on oil refining and realization of petroleum product exports on domestic market; exported 25.8 mln tons of petroleum products in 2010, or 19.7% of total n petroleum product exports. share of lukoil group in russian crude oil exports (2010) share of lukoil group in russian oil exports, % share of lukoil group in russian Petroleum Product exports, % 16.4% % Other companies share of lukoil group in russian crude oil and Petroleum Product exports (2010) 19.7% 80.3% Other companies