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Information for DR holders

The Company's depositary receipts are listed on the London Stock Exchange and are currently among the most liquid depositary receipts issued by corporate issuers in Eastern Europe, where most of the Company's securities are traded. 

Besides, the Company's depositary receipts are traded on the Frankfurt, Munich, and Stuttgart stock exchanges, as well as on the US OTC market.

There are currently two major depositary receipt 1st tier programs in effect under Rule 144A and Rule S: CUSIP # 69343P105 (US ISIN: US69343P1057) CUSIP # 69343P204 (US ISIN: US69343P2048)

Depositary Bank

The Bank of New York Mellon (hereinafter referred to as BNY Mellon) is the depositary bank under the depositary receipt programs (hereinafter referred to as the Depositary Bank), also acting as the company’s transfer agent, registrar and distributor of dividends accruing on depositary receipts.

URL: www.bnymellon.com 
For more details on the Company’s depositary receipt programs please visit The Bank of New York Mellon website  
http://www.adrbnymellon.com/dr_profile.jsp?cusip=69343P105.

Moscow

Russia, 125009, Moscow, Vozdvizhenka str. 4/7, bld. 2, floor 5А «Mokhovaya» business center

Head of the Moscow branch of the Bank of New York Mellon​

Vice President. Business Development Department, CIS​

New York

101 Barclay Street, 22nd Floor West
New York, NY 10286

General Manager. Head of Financial Markets of European and African Emerging Economies

London

One Canada Square
London E14 5AL

Director of the Business Development Department, CIS​

Entitlement to Dividends

For distribution of dividends accruing on DRs please visit The Bank of New York Mellon website http://www.adrbnymellon.com/dr_profile.jsp?cusip=69343P105. For more details you may also contact:

101 Barclay Street, 22nd Floor, New York, New York, 10286

The dividend policy of PJSC LUKOIL is based on the balance of interests of the Company and its shareholders, on increasing the investment appeal of the Company and its capitalization, on respect and strict observance of statutory rights of shareholders.

Starting January 01, 2014, the date as of which the list of persons entitled to dividends is made, has to be approved by the shareholders meeting of PJSC LUKOIL.

Different tax rates are applied to the dividends being distributed. If dividends are distributed based on DR ownership, the applied income tax rate depends on whether consolidated information has been disclosed to the tax agent as prescribed by the Russian Tax Code. In order to comply with the above requirements, international custodian banks, brokers or other agents (hereinafter referred to as the Intermediary Agents), acting on behalf of the beneficial holders registered as of the date of making the list of persons entitled to dividends (register closure date for dividend distribution), shall submit the following information to the Depositary bank, including the number of depositary receipts, country of tax residence, rate set forth in the relevant double taxation agreement, and information as to whether such beneficial holders are entities or individuals.

The above information shall be prepared by the Intermediary Agents based on the documents that are available to them (including tax residence certificates) and shall be submitted to the Depositary Bank. The information submitted by the Intermediary Agents is consolidated by BNY Mellon, acting as the Depositary Bank for PJSC LUKOIL DR program to be then forwarded to the tax agent (Russian Depositary of BNY Mellon — PJSC VTB Bank).

Attendance of General Shareholders Meetings

Depositary receipt holders may attend general shareholders meetings, by issuing BNY Mellon instructions to vote at such meetings. BNY Mellon may cast votes attributed to common shares being part of PJSC LUKOIL depositary programs consistent with the instructions of the depositary receipt holders. The Russian law requires that voting instructions should expressly specify how votes must be cast.

For the votes of depositary receipt holders to be cast at a general shareholders meeting, the voting instructions expressly specifying how votes must be cast have to be issued prior to the date set by the Depository Bank.

At the same time, one must disclose his/her ownership information as required by the Russian law. It is crucial and essential that the brokers/intermediary banks disclose DR holder details (including the number of depositary receipts being held, registration number, registration date, etc.). For his/her vote to be taken into consideration at a shareholders meeting, one must strictly comply with these requirements. In this case, the Depositary Bank following receipt of the above information shall make a consolidated list.