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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 ReportReport on Payments to Governments Report on Payments to Governments Financial 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Information for DR holders


The Companys 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 Companys securities are traded.

Besides, the Companys 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 companys transfer agent, registrar and distributor of dividends accruing on depositary receipts.


URL: www.bnymellon.com 

For more details on the Companys depositary receipt programs please visit The Bank of New York Mellon website 

https://www.adrbnymellon.com/search?q=lukoil


Contact details of 
The Bank of New York Mellon:

 

 

Moscow


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


Irina P. Baichorova, Head of the Moscow branch of the Bank of New York Mellon

Phone (+7 495) 967 3110
irina.baichorova@bnymellon.com


Yury Mandzhiev, Vice President

Business Development Department, CIS
Phone +44.207.964.6104
yury.mandzhiev@bnymellon.com

New York

101 Barclay Street, 22nd Floor West

New York, NY 10286


Anthony Moro, General Manager

Head of Financial Markets of

European and African Emerging Economies

Phone  +1.212.815.5838
anthony.moro@bnymellon.com

Tatyana Vesselovskaya, Vice President
Phone +1.212.815.2867
tatyana.vesselovskaya@bnymellon.com

London

One Canada Square

London E14 5AL


Graham Marshall, Director of the Business Development Department, CIS

Phone +44.207.964.6544

graham.marshall@bnymellon.com


Entitlement to Dividends

 For distribution of dividends accruing on DRs please visit The Bank of New York Mellon website   https://www.adrbnymellon.com/search?q=lukoil. For more details you may also contact:

BNY Mellon

Depositary Receipts Division

101 Barclay Street

22nd Floor

New York, New York

10286

Phone: 212 815 2269

 PJSC LUKOIL dividend policy is based on strict observance of shareholder rights, as provided by the applicable Russian law, the Companys Articles of Association and its internal policies and procedures.

In accordance with the Regulations on LUKOILs Dividend Policy adopted in 2003, while establishing the amount of dividends recommended to the General Shareholders Meeting (per share) and the respective share of the Companys net profits used in dividend distribution, the Board of Directors proceeds from the assumption that dividend payments should represent no less than 15% of the net profits appearing in the Companys consolidated financial statements prepared in accordance with US Generally Accepted Accounting Principles (GAAP) or the International Financial Reporting Standards (IFRS) denominated in Russian rubles at the exchange rate established by the Bank of Russia as of the end of the reporting period.

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.



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