April 23, 1998 - LUKOIL profile has been entered on the Standard & Poor's Corporation Records information service.
The placing of information in Corporation Records exempts non-American companies from registration in the states where registration is mandatory in accordance with the so-called "blue sky" law, and allows them to duly meet information disclosure requirements in performing ADR operations on the secondary market. Thus, LUKOIL has got an opportunity to considerably broaden its level-1 ADR market in the United States.
Information concerning LUKOIL includes coverage in Corporation Records' Daily News section, and will be regularly updated. LUKOIL profile includes reports on the most relevant company events, its earnings and dividends, organizational changes, new product developments and other facts of interest to financiers and investors.
Information featured in Corporation Records' is accurate because it is based on the company's annual and quarterly reports, press-releases and other documents officially filed with the U.S. Commission for Exchanges and Securities and by other agencies regulating non-American companies' stock operations.
Information about LUKOIL was placed with Corporation Records with direct participation of The Bank of New York, the issuer of level-1 ADR's for underlying LUKOIL shares. The Bank of New York works to ensure that LUKOIL stocks meet the requirements of the investment community, and attaches great importance to this particular information service extended by Standard and Poor's.
Corporation Records features financial and production-related information about more than 12,000 U.S. and foreign corporations. The company profile is available in print and on-line. Corporation Records are accessible to more than 1 million on-line users, including brokers and institutional and private investors, through such information providers as Knight-Ridder, ADP, Lexis-Nexis and Factset.
In July 1997 Standard & Poor's gave LUKOIL a BB- corporate credit rating which corresponds to the Russian sovereign credit rating.
Press Centre OAO "LUKOIL"
phone.: (095)927-1677, fax: (095)927-1653,
E-mail: pr@lukoil.com
