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HOUSTON, Feb. 11 2005 – LAWFUEL – The Law News Networ…

HOUSTON, Feb. 11 2005 – LAWFUEL – The Law News Network — YUKOS Oil Company today sued Gazprom,
Gazpromneft, Baikal Finance Group and Rosneft for in excess of $20 billion for
their role in expropriating Yuganskneftgaz in December 2004, in violation of
the automatic stay in the YUKOS Chapter 11 bankruptcy case.

YUKOS also continued to sue agent bank, Deutsche Bank, to enjoin it from
violating the automatic stay in YUKOS’ Chapter 11 case. YUKOS did not sue
Deutsche Bank for damages today, as it did with these other four defendants.

Forward-looking statements. Some of the information in this press release
may contain projections or other forward-looking statements regarding future
events or the future financial performance of YUKOS. We caution you that these
statements are not guarantees of future performance and involve risks,
uncertainties, and assumptions that we cannot predict with certainty.
Accordingly, our actual outcomes and results may differ materially from what
we have expressed or forecasted in the forward-looking statements. We do not
intend to update these statements to make them conform with actual results.

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.