Court rules in PricewaterhouseCoopers' favour in Yukos case

October 17, 2008 —The Moscow Region Federal Arbitrazh Court has today fully overturned the rulings of the First Instance and Appellation Courts in the case relating to the audit of Yukos by PricewaterhouseCoopers. The case has now been terminated by the court. This decision satifies PwC's cassation appeal and concludes these legal proceedings.

“We are very pleased with the court's decision. We have always maintained that there was no case to answer in relation to our audits. As always we continue to focus on energy on growing and developing our business in Russia”, - PwC press-service comments.