BOARD OF DIRECTORS OF OAO LUKOIL APPROVES ITS AGENDA FOR ANNUAL GENERAL SHAREHOLDERS MEETING
Monday, April 22, 2013
A traveling meeting of the OAO LUKOIL Board of Directors was held in Priolo (Sicily) today to make decisions regarding the 2013 Annual General Shareholders Meeting.
Among other things, the Board of Directors resolved to hold this meeting on June 27, 2013, at 11.00 am at 11 Sretensky Boulevard, Moscow, OAO LUKOIL, Vega Building, conference hall.
The record date for the list of the shareholders entitled to participate in the General Shareholders Meeting is May 13, 2013.
The Board of Directors intends to recommend that dividends for the 2012 financial year be paid to the shareholders in the amount of 50 rubles per ordinary share (net of the interim dividends of 40 rubles per ordinary share paid for the respective 2012 reporting period).
Thus, the total 2012 dividend payment amount in view of the interim dividends shall equal 90 rubles per ordinary share, which exceeds the 2011 dividend sum by 20% (75 rubles based on the 2011 performance).
The shareholders will also elect the Board of Directors of OAO LUKOIL, consisting of 11 members, and the Audit Commission, consisting of 3 members.
The following candidates were nominated to the Board of Directors:
| 1 | Vagit Yu. Alekperov | President of OAO LUKOIL |
| 2 | Victor V. Blazheev | Rector of the O.E. Kutafin Moscow State Academy of Law |
| 3 | Valery I. Grayfer | Chairman of the Board of Directors of OAO RITEK |
| 4 | Igor S. Ivanov | President of Russian International Affairs Council, former Minister of Foreign Affairs of the Russian Federation, Secretary of the Security Council of the Russian Federation |
| 5 | Ravil U. Maganov | First Executive Vice-President of OAO LUKOIL |
| 6 | Richard H. Matzke | former Vice Chairman of Chevron Corporation |
| 7 | Sergei A. Mikhailov | Chairman of the Board of Directors of ZAO Kapital Upravleniye Aktivami [Kapital Asset Management] |
| 8 | Mark Mobius | Executive Chairman of Templeton Emerging Markets Group |
| 9 | Guglielmo Antonio Claudio Moscato | Chairman and CEO of Gas Mediterraneo & Petrolio |
| 10 | Nikolay M. Nikolaev | General Director of OAO RITEK |
| 11 | Ivan Pictet | Member of the UN Investments Committee of the UN Joint Staff Pension Fund Board, (NY, USA), Board member of Blackstone Group International Limited, AEA European Advisory Board, AEA Investors LP Global Advisory Board (NY, USA), Symbiotics, Chairman of the Board of PSA International SA |
| 12 | Leonid A. Fedun | Vice President for Strategic Development of OAO LUKOIL |
| The following candidates were nominated for the Audit Commission: | ||
| 1 | Mikhail B. Maximov | General Director of OOO LUKOIL-Regional Accounting Centre Perm |
| 2 | Vladimir N. Nikitenko | President of OAO Petrocommerce Bank |
| 3 | Alexander V. Surkov | General Director of OOO LUKOIL-Regional Accounting Centre Volgograd |
The Board of Directors also discussed the implementation plans for the new conversion facilities construction projects and associated gas utilization projects at the Russian enterprises, as well key business directions.
