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YUKOS, Slovakia Agreed On Transpetrol Shares Sale

Joint statement from YUKOS Oil Company and the Slovakian government

Slovak Deputy Prime Minister and Minister of Economy, Jirko Malcharek, and the President and Chief Executive Officer of YUKOS Oil Company, Steven Theede, held discussions earlier today concerning the sale of 49 per-cent of shares in Transpetrol, which are currently owned by YUKOS Finance, the company announced in its press release.

Both sides expressed satisfaction over the course of their discussion. They agreed that the discussion brought them significantly closer to a point in time when the 49 per-cent stake of YUKOS Finance in Transpetrol will be sold. Steven Theede appreciated the fact that negotiations over the past few weeks represented a significant step towards the sale of the 49 per-cent stake in Transpetrol. Both sides agreed that they will refrain from taking any steps that might block the whole process and that they will work towards a solution that is beneficial to both parties and, at the same time, respects the strategic interests of YUKOS and the Slovak Government.