MAZEIKIU NAFTA

MATERIAL EVENT



DISTRIBUTION OF 2 MAZAIKIU NAFTA SHARE ISSUES



On 18 June 2002, Mazeikiu Nafta distributed 2 share issues of 58 139 029 and

131 820 176 ORS at LTL 1 (one Litas) par value. Both share issues were acquired

by Yukos Finance B.V.





Tadas Augustauskas

Head of Communication Unit

293-92608