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I. Graifer, Chairman of the Board of directors of LUKOILV. I. Graifer, Chairman of the Board of directors of LUKOILV. Alekperov, President of OAO LUKOIL V. Alekperov, President of OAO LUKOIL Oilmen of LUKOILOilmen of LUKOILProduction facilities of the Caspian Yuri Karchagin fieldProduction facilities of the Caspian Yuri Karchagin fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe field Permnefteorgsintez Refinery Permnefteorgsintez RefineryVolgograd RefineryVolgograd Refinery Uhtaneftepererabotka Refinery Uhtaneftepererabotka Refinery Nijnegorodnefteorgsintez Refinery Nijnegorodnefteorgsintez RefineryMini refineries in KogalymMini refineries in KogalymPetrotel-LUKOIL (Romania)Petrotel-LUKOIL (Romania)LUKOIL Neftokhim Burgas (Bulgaria)LUKOIL Neftokhim Burgas (Bulgaria)Filling station commissioning in New-YorkFilling station commissioning in New-YorkChange of brand of a filling station in the USAChange of brand of a filling station in the USAOfficial ceremony to mark the commencement of production at West Qurna-2 oilfield in Iraq. 29.03.2014Official ceremony to mark the commencement of production at West Qurna-2 oilfield in Iraq. 29.03.2014Dmitry Medvedev, Prime Minister of the Russian Federation, visited the ice-rsistant platform at the Y.Korchagin field in the Caspian Sea. October 02, 2013Dmitry Medvedev, Prime Minister of the Russian Federation, visited the ice-rsistant platform at the Y.Korchagin field in the Caspian Sea. October 02, 2013President of Russia Dmitry Medvedev visited Krasnodarskaya Combined Heat and Power Plant (CHPP) of OOO LUKOIL-Kubanenergo and participated in the launch of a new 410 MW combined-cycle gas turbine (CCGT-410). October 8, 2011President of Russia Dmitry Medvedev visited Krasnodarskaya Combined Heat and Power Plant (CHPP) of OOO LUKOIL-Kubanenergo and participated in the launch of a new 410 MW combined-cycle gas turbine (CCGT-410). October 8, 2011The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Construction of Varandey TerminalConstruction of Varandey TerminalCommissioning of a catalytic reforming installation at the Volgograd RefineryCommissioning of a catalytic reforming installation at the Volgograd RefineryNakhodkinskoye gaz field commissioningNakhodkinskoye gaz field commissioningOil Spill Response Exercise in the Caspian SeaOil Spill Response Exercise in the Caspian SeaInternational training exercises at Varandey oil export terminalInternational training exercises at Varandey oil export terminalAnti-terrorism exercises at Vysotsk oil terminalAnti-terrorism exercises at Vysotsk oil terminalInternational anti-terrorism exercises at Volgograd RefineryInternational anti-terrorism exercises at Volgograd RefineryInternational exercise at RPK-Vysotsk LUKOIL-IIInternational exercise at RPK-Vysotsk LUKOIL-IIFire-prevention trainings in Kaliningrad RegionFire-prevention trainings in Kaliningrad RegionExercises Kaliningrad 2004Exercises Kaliningrad 2004Post cardsPost cardsSecuritiesSecuritiesPhotoPhotoEnvelopesEnvelopesStampsStampsReportsReportsFor Investors and AnalystsFor Investors and AnalystsFor ShareholdersFor ShareholdersGeneral Shareholders MeetingsGeneral Shareholders MeetingsShareholders EquityShareholders EquitySecurities trading statisticsSecurities trading statisticsFCA DisclosureFCA DisclosureFinancial ReportsFinancial ReportsLUKOIL Annual ReportsLUKOIL Annual ReportsLUKOIL Data BooksLUKOIL Data BooksLUKOIL Fact BookLUKOIL Fact BookSustainability ReportSustainability ReportCorporate Governance ReportCorporate Governance ReportFinancial FundamentalsFinancial FundamentalsOperating HighlightsOperating HighlightsPresentationsPresentationsFinancial CalendarFinancial CalendarInvestment calculatorInvestment calculatorAnalyst CoverageAnalyst CoverageInvestor Trips to Sites Investor Trips to Sites ContactsContactsKomi (2014)Komi (2014)Perm (2013)Perm (2013)Lower VolgaLower VolgaUzbekistanUzbekistanPerm (2003)Perm (2003)Karachaganak Karachaganak West SiberiaWest SiberiaEgyptEgyptShareholder Relations Policy of OAO LUKOILShareholder Relations Policy of OAO LUKOILInvestment calculatorInvestment calculatorDividendsDividendsInformation for DR holders Information for DR holders FAQFAQContactsContactsAnnual General Shareholders MeetingAnnual General Shareholders MeetingExtraordinary General Shareholders Meeting Extraordinary General Shareholders Meeting History of Share Capital History of Share Capital ShareholdersShareholdersCompany SecuritiesCompany SecuritiesShare price informationShare price informationDebt securities price informationDebt securities price informationShare price historyShare price historyInvestment calculatorInvestment calculatorOil and Gas ReservesOil and Gas ReservesExplorationExplorationField Development and ProductionField Development and ProductionProspective Projects Prospective Projects Oil RefiningOil RefiningOils and lubricantsOils and lubricantsGas Processing Gas Processing PetrochemicalsPetrochemicalsCrude Oil DeliveriesCrude Oil DeliveriesGas DeliveriesGas DeliveriesPetroleum Product MarketingPetroleum Product MarketingPersonnel Management PolicyPersonnel Management PolicySocial Code of OAO LUKOIL Social Code of OAO LUKOIL Charity and Social ActivitiesCharity and Social ActivitiesSportsSportsCorporate retirement programCorporate retirement programSupport for Orphanages and Educational Establishments for ChildrenSupport for Orphanages and Educational Establishments for ChildrenEducation Programs Education Programs Support for Medical Institutions Support for Medical Institutions Social Project ContestSocial Project ContestSupport for Museums and Creative TeamsSupport for Museums and Creative TeamsPublishing ProjectsPublishing ProjectsSupport for Religious ConfessionsSupport for Religious ConfessionsTargeted AssistanceTargeted AssistanceCorporate VolunteeringCorporate VolunteeringOAO LUKOIL's Special Projects OAO LUKOIL's Special Projects Corporate Sporting Events Corporate Sporting Events Company Policy Company Policy Caring for the Environment Caring for the Environment cological monitoringcological monitoringCertificationCertificationImplementing the Kyoto ProtocolImplementing the Kyoto ProtocolGreen InitiativesGreen InitiativesNew Generation Motor FuelNew Generation Motor FuelUtilization of Associated Petroleum GasUtilization of Associated Petroleum GasGreen News LukoilGreen News LukoilRenewable energyRenewable energyAssociated SitesAssociated SitesSubsidiaries' WebsitesSubsidiaries' Websites
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FAQ

Depositary Receipts (DR)
What is an DR?
 
Depositary Receipts (DRs) are negotiable U.S. securities that generally represent a non-U.S. company's publicly traded equity. DRs can trade on all U.S. stock exchanges as well as on many European stock exchanges. They are created when a broker purchases a non-U.S. company's shares on its home stock market and delivers the shares to the depositary's local custodian bank, and then instructs the depositary bank to issue DRs. In addition, DRs may also be purchased in the U.S. secondary trading market. They may trade freely, just like any other security, either on an exchange or in the over-the-counter market and can be used to raise capital.
 
What is the difference between an DR and an ADS?
 
An DR (Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a U.S. stock exchange.  An ADS is the share issued under the DR agreement, which is actually traded.
 
What is the ratio of an DR to an ordinary share?
 
One (1) LUKOIL DR (CUSIP 677862104) represents One (1) LUKOIL Ordinary share.
 
Where are LUKOILs DRs traded?
 
LUKOILs DRs in the US are traded in the OTC Market under the ticker symbol LUKOY. The CUSIP Number is 677862104. To learn more about LUKOILs DRs, please visit http://adrbnymellon.com/. In Europe LUKOILs DRs are traded in the IOB system on the London Stock Exchange and on Frankfurt, Munich and Stuttgart stock exchanges. 
 
What is the symbol for LUKOIL DRs on the main stock exchanges?
 
LKOD - on the London Stock Exchange;
LUKOY - on the US OTC Market.
 
What is the symbol for LUKOIL shares on the local stock exchanges?
 
LKOH - on the MICEX (Moscow Interbank Currency Exchange);
LKOH - on the RTS (Russian Trading System).
 
Who is LUKOILs depositary bank, transfer agent, registrar and exchange agent for DR shares?
 
The Bank of New York Mellon is the depositary bank for LUKOIL, also acting as a transfer agent, registrar and a dividend paying agent. It manages all aspects of the proxy voting process. 
 
What if I lose my DR certificate, dividend check or tax voucher?
 
Please contact BNY Mellon Shareowner Services as soon as possible.
Toll Free Telephone for U.S. Callers: 1-888-BNY-ADRS (1-888-269-2377)
Telephone for International Callers: 001-201-680-6825
 
What if I have more than one DR certificate? Can they be combined?
 
Yes, please send your certificates to BNY Mellon Shareowner Services, P. O. Box 358016 Pittsburgh, PA 15252-8016 with a specific request to combine the multiple certificates into one certificate. Please be advised that holdings over 250 shares may require additional paperwork.
 
What if I need to change my home address?
 
Simply go to BNY Mellon's on-line tool, Investor Service Direct (ISD) and change your address online:

Alternatively, feel free to contact BNY Mellon Shareowner Services via the following methods:
Write to us:
BNY Mellon Shareowner Services
P. O. Box 358016
Pittsburgh , PA 15252-8016

By Phone:
Toll Free in the U.S: 1-888-BNY-ADRS (1-888-269-2377)
International Callers: 0011-201-680-6825

Website: www.bnymellon.com/shareowner
 
How can shareholders know the current value of their investment in LUKOIL securities?
 
Please visit LUKOIL home page www.lukoil.com to get quotes for LUKOIL securities. LUKOIL DR quotes on the US OTC are available at http://www.otcbb.com/asp/Info_Center.asp (the ticker symbol - LUKOY). And LUKOIL DR quotes on the London Stock Exchange are available at http://www.londonstockexchange.com/en-gb/pricesnews/prices/International+companies (the ticker symbol LKOD).
 
How can DRs be purchased?
 
DRs can be purchased through Global BuyDIRECT, a Bank of New York Mellon-sponsored dividend reinvestment and direct purchase program for DRs. Each participating company's plan allows its existing shareholders to use dividends paid by the company to automatically purchase DRs. The plans also allow first-time and existing investors to purchase DRs of participating companies. All such investments are made through The Bank of New York Mellon as transfer agent. As a participant in Global BuyDIRECT, investors benefit from the direct ownership of their DRs, the efficiency of receiving corporate communications directly from the DR issuer, and the savings resulting from reduced brokerage and transaction costs.

Questions or correspondence about Global BuyDIRECT should be addressed to:
BNYMellon Shareowner Services
P. O. Box 358016
Pittsburgh , PA 15252-8016

To request plan brochures and enrollment forms for companies offering Global BuyDIRECT, please call: 1-800-345-1612
Toll Free Telephone for U.S. Global BuyDIRECT Participants: 1-888-BNY-ADRS (1-888-269-2377)
Telephone for International Callers: 1-201-680-6825
 
DRs can also be purchased through your Broker. Investors can always purchase Depositary Receipts through their own full-service, discount, and on-line brokerage firms in the USA and Europe as well as in other regions of the world.
 
How do I convert my ordinary shares into DRs?
 
Converting ordinary shares into DRs must be done through a broker or an investment advisor.
 
What is an alternative to a physical certificate?
 
Book-entry registration is an electronic alternative to a physical certificate. It allows You to move your shares electronically via the DRS/Profile to a broker. This eliminates the physical movement of stock certificates at the time of sale or transfer of ownership. You as a shareowner will have the ability to self-service your account online via Investor ServiceDirect and the Bank of New York Mellons speech-enabled Voice Response Unit. This method is beneficial due to immediate simplification of transaction processing and you as a shareholder will minimize associated expenses as well as be provided with more robust management reporting.
 
What is the difference between a registered holder and a beneficial DR holder?
 
A registered holder is one whose name appears on the books of the depositary.  The registered holder is considered the owner of the record. 
A beneficial holder is one whose holdings are registered in a name other than his or her own, such as the name of a broker, bank or nominee.
 
Dividends
 

Who makes the decision on dividend payment to the companys shareholders?

The decision on dividend payment (announcement) is made by the General Shareholders Meeting. The dividend amount, the dividend payment method and the list compilation date for the persons entitled to dividends are determined by virtue of the same decision. However, the decision on the list-compilation date for the persons entitled to dividends is made only at the suggestion of the Board of Directors.

The dividend amount must not exceed the amount suggested by the companys BoD.


How do they set the list compilation date for the persons entitled to dividends?

According to the decision on dividend payment (announcement), the list-compilation date for the persons entitled to dividends is set no earlier than 10 days following the decision of the General Shareholders Meeting on dividend payment (announcement) and no later than 20 days following this  decision.


How long is the period of dividend payment?


The period of dividend payment to nominee shareholders and to trust managers who are professional security-market players registered in the companys Shareholders Register, must not exceed 10 business days. As for the other persons registered in the Shareholders Register, this period must not exceed 25 business days following the list compilation date for the persons entitled to dividends.


Is payment in stock dividends provided for?


According to Cl.5.7. of the Regulations on OAO LUKOIL Dividend Policy approved by the Board of Directors on April 24, 2014, dividends shall be paid in monetary form, or in other assets in the cases provided for by the companys Charter.




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