Jan-21-2004

Mr. Nevzlin’s indictment is expanded to include allegations of alleged fraud based on a 1998 stock swap transaction between Yukos and a related entity.

The subject transaction occured while Mr. Nevzlin was employed by the ITAR-TASS news agency, not Yukos.

It was reviewed contemporaneously by third-party appraisers and agreed to by the board of the related entity, which included Russian government representatives.