Alliance Oil schedules presentation to review first quarter results

Alliance Oil Company Ltd will publish the interim report for the first quarter
2010 on Thursday May 27, 2010, in the morning. 

The company will host a presentation at Operaterrassen in Stockholm, at 10.00
CET on Thursday May 27, 2010. The report and recent developments will be
presented by Arsen Idrisov, CEO and Angelika Adieva, CFO. 

It is possible to participate by telephone. To access, please dial one of the
following numbers a few minutes before the conference starts: 
from Sweden +46 (0)8 5051 3792                                                  
from Russia +7 495 705 9452                                                     
from other countries +44 (0)20 7806 1968                                        

The presentation will be webcasted live at Alliance Oil's website
www.allianceoilco.com and Financial Hearings' website
www.financialhearings.com. 

A replay of the presentation will be available at www.allianceoilco.com         


For further information:                                                        
Dmitry Tsaregorodtsev, Head of Investor Relations, tel: +7 495 777 18 08 ext
10-56 
Jakob Sintring, Investor Relations Sweden, tel. +46 8 585 707 10                


Also visit www.allianceoilco.com


Alliance Oil Company Ltd is a leading independent oil company with vertically
integrated operations in Russia and Kazakhstan. Alliance Oil has proved and
probable oil reserves of 526 million barrels, oil production of approximately
42,400 barrels per day, refining capacity of 70,000 barrels per day and a
network of gas stations and wholesale oil products terminals. Alliance Oil's
depository receipts are traded on the Nasdaq OMX Nordic under the symbol AOIL.