The Board of Directors of OAO LUKOIL held a meeting today in Moscow to resolve a number of issues related to corporate governance. Among other things, the following members of the Management Committee were approved: 1. Vagit Alekperov President 2. Anatoly Barkov Vice-President, General Affairs, Corporate Security and Communications 3. Vadim Vorobyov Vice-President, Petroleum Product Sales Coordination 4. Sergei Kukura First Vice-President 5. Ravil Maganov First Executive Vice-President 6. Sergei Malyukov Vice-President, Internal Control and Audit 7. Ivan Maslyaev Vice-President, General Counsel 8. Alexander Matytsyn Vice-President, Finance 9. Anatoly Moskalenko Vice-President, Human Resources Management and Corporate Structure Development 10. Vladimir Mulyak Vice-President, Technologies, Oil and Gas Fields Development 11. Vladimir Nekrasov First Vice-President 12. Valery Subbotin Vice-President, Sales and Supplies 13. Gennady Fedotov Vice-President, Economics and Planning 14. Leonid Fedun Vice-President, Strategic Development 15. Evgueni Khavkin Vice-President, OAO LUKOIL Chief of Staff 16. Lyubov Khoba Vice-President, Chief Accountatnt The candidates for the Management Committee had been recommended by the President of OAO LUKOIL and approved by the HR and Compensation Committee of the Board of Directors of OAO LUKOIL. The Board of Directors also approved the principal terms of agreements concluded with the members of the Management Committee. In accordance with Item 2 of Article 86 of the Federal Law on Joint Stock Companies and based on the recommendations of the Audit Committee, the Board of Directors established the threshold remuneration for the auditor’s services for the audit of 2012 Company’s financial statements, prepared in accordance with RAS in the amount of RUR 12.2 million.
The Board of Directors of LUKOIL has also approved its working plan for 2012-2013.