1. Russian Corporate Governance Roundtable
in NK YUKOS.
Russian Corporate Governance Roundtable

6. Adoption of the Statement on corporate policy
Dynamics of quotation of NK YUKOS shares
Adoption of the Statement on corporate policy
1999
2000
2001

7. Work on improvement of the corporate governance goes on
The preparation for issue of Level II and Level III ADR
There have been initiated activities in order to get credit rating
The Services on Investors Relations will work more actively. Telephone conferences with investors, Internet-conferences and presentations are planned with the purpose to facilitate more complete and correct disclosure of the relevant information.

8. What does corporate governance
mean for each of us?
1. Personal honesty and decency
- Market-based transactions
Consideration of joint interests in the course of decision-making
Observance of all laws and regulations
2. Everyone will gain from this due to:
- Increase of the Company’s stock price
- Expansion of access to cheap financial resources
- Improvement of relations with business partners
- Speeding-up of rate of the Company’s development and expansion of opportunities for professional growth
- Improvement of legislation caused by fundamental changes in the corporate governance practice of the Russian companies

9. What does corporate governance
mean for each of us?
Both top management of the Company and Board members and directors of all levels and employees of the Company have to bear responsibility
It is necessary to learn “to live in this every day”
Senior managers are examples for subordinates