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Nelson amalgamation approval

2nd Dec 2005 11:22

LukOil (OAO)02 December 2005 SHAREHOLDERS OF NELSON RESOURCES LIMITED APPROVE ITS AMALGAMATION WITH SUBSIDIARY OF LUKOIL OVERSEAS Today the shareholders of Nelson Resources Limited (Nelson) approved theamalgamation of Nelson with and into Caspian Resources Investments Limited, awholly owned subsidiary of LUKOIL Overseas Holding Ltd. The amalgamation was approved by more than 97% of the total votes cast byshareholders voting at the special shareholders meeting held in London. Once the amalgamation becoming effective, all shares of Nelson will becancelled. In lieu of their shares, all holders of Nelson shares will beentitled to receive a cash payment of US$ 2.19162 per Nelson share. This information is provided by RNS The company news service from the London Stock Exchange

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