Simon Kukes Appointed to the Board of the Maguire Energy Institute At SMU's Cox School of Business

Business Wire, April 29, 2002

Business Editors

MOSCOW--(BUSINESS WIRE)--April 29, 2002

Tyumen Oil Company today announced that its President, Simon Kukes, had been appointed to the Board of Advisors of the Maguire Energy Institute at SMU's Cox School of Business in Dallas, Texas.

Mr. Kukes joins an esteemed and experienced board whose members are among the leaders in the global energy sector. The Board's membership includes, Mr. Mark A. Baxter, Director of the Maguire Energy Institute; David Lesar, Chairman, President and CEO of Halliburton Company; Clarence P. Cazalot, Jr., President of Marathon Oil Company; Dr. Bobby B. Lyle, Chairman, President and CEO of Lyco Energy Corporation; and Dr. Albert W. Niemi, Jr., Dean of the Cox School of Business.

"We are delighted to welcome Mr. Kukes to the Board of Advisors," said Mark Baxter, Maguire's Director. "Mr. Kukes' 25 years of experience in the US and Russian oil and gas industries make him an excellent addition to our team, and I, along with the other board members, look forward to working with him at Maguire Energy Institute."

"It is important to have on the Board some members who have wide experience in the international energy business," said Cary M. Maguire, Chairman of the Board and founder of the Maguire Energy Institute.

Simon Kukes, Tyumen Oil's President stated, "The Maguire Institute serves as a very valuable resource to the oil and gas industry, and I am honored to have been included in this extraordinary group of distinguished businessmen and educators. This experience will be rewarding and challenging, and I hope that I can be a source of insight for the board and the Institute."

About Maguire Energy Institute

The Maguire Energy Institute promotes the study of policy, marketing, and management issues related to oil, natural gas and electricity. The Institute conducts seminars and training programs focusing on the business, economic, and managerial aspects of the energy industry; hosts conferences to facilitate the exchange of ideas and information among educators, practitioners, media, and government officials; and provides material for students and teachers to foster a better understanding of the role of the energy industry in the world economy.

About COX

Named in 1978 in honor of Dallas businessman Edwin L. Cox, the Cox School was first established in 1920 as the Department of Commerce at SMU. The Cox School enrolls approximately 1,700 students annually. Programs include a BBA Program, a full-time MBA Program, a Professional MBA Program, an Executive MBA Program, and Executive Education. Cox is ranked among the top business schools nationally and internationally by major publications including Business Week, Financial Times, Forbes, The Wall Street Journal, and U.S. News & World Report. In addition, the school's Business Leadership Center (BLC), Caruth Institute of Owner-Managed Business, American Airlines Global Leadership Program (GLP) and Associate Board executive mentoring program are recognized nationally and internationally.

About TNK

Tyumen Oil, established in 1995 and owned by the Russian Alfa Group and US-Russian Access/Renova, has proven crude oil reserves in excess of 8 billion barrels and produces more than 730,000 barrels of crude oil per day. It ranks No. 3 in reserves and No. 4 in production among Russian oil companies, and was named the world's "Best Oil and Gas Company" of 2000 by Financial Times Energy. Tyumen Oil owns and franchises a chain of more than 1,800 branded retail gasoline stations in Russia and Ukraine, and operates two major refineries in Russian and one in Ukraine. For further information, visit www.tnk.ru.