NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
OAO LUKOIL (the “Company”) was informed that Mr. G. Moscato, a member of the Board of Directors of the Company, acquired 500 ADRs for ordinary shares of the Company on 23 January 2012. The transaction was conducted via Xetra trading system. The volume of the transaction was EUR 22,450.