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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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Information for DR holders

Currently two major level I DR programs are in use, namely 144A Rule and S Rule-based programs: CUSIP # 677862104 (US ISIN: US6778621044) CUSIP # 677862203 (US ISIN: US6778622034)

Depositary Bank

The Bank of New York Mellon (hereinafter, the BNY Mellon) is the depositary bank as part of the DR programs (hereinafter, the Depositary bank); it is also acting as a transfer agent, registrar and an DR dividend paying agent.

Dividends

 For information regarding DR dividends and distributions please visit the site of The Bank of New York Mellon http://www.adrbnymellon.com/dr_profile.jsp?cusip=677862104. For additional information regarding these matters, please contact:

BNY Mellon

Depositary Receipts Division

101 Barclay Street

22nd Floor

New York, New York

10286

Tel. 212 815 2293

LUKOILs dividend policy is based on strict consideration of shareholder rights, as laid down in the applicable Russian legislation, the Company Charter and other internal documents.

In accordance with the Regulations on the LUKOIL Dividend Policy adopted in 2003, the Board of Directors dividend recommendation to the AGM in terms of the dividend amount (per share) and the respective share of the Companys net profit proceeds from the principle that dividend payments should be no less than 15% of the net profit determined based on 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 set by the Bank of Russia as of the reporting period end.

Starting January 01, 2014, the date of compiling the list of persons entitled to dividends is approved by the Shareholder meeting of OAO LUKOIL.

Different tax rates are applied to the paid dividends. As the dividends are paid based on the DR ownership, the applied income tax rate depends on the facts of the consolidated information disclosure to the tax agent as prescribed in the Tax Code of the Russian Federation. In order to comply with the above requirements the international custodian banks, brokers and other agents (hereinafter, the Intermediaries), acting on behalf of the Beneficial Holders registered as of the date of compiling the list of persons entitled to dividends (register closing date for dividend payment), shall submit the following information to the Depositary bank, including the number of DRs, the country of tax residence, the rate as laid down in the double taxation agreement, and the information as to whether the Beneficial Holders are legal entities or private individuals.

The above information is prepared by the Intermediaries based on the available documents (including the tax residence certificates) and submitted to the Depositary Bank. The information submitted by the Intermediaries is consolidated by BNY Mellon, acting as a Depositary Bank for LUKOILs DR program to be further submitted to the tax agent (the Russian Depositary of BNY Mellon - VTB Bank).

For more information on dividend taxation, please,

go to

Participation in the General Shareholder Meeting

The DR holders are entitled to participate in the general shareholder meeting, issuing to BNY Mellon instructions to vote during the said meeting. The Bank of New York Mellon will be entitled to vote the ordinary shares in custody as part of OAO LUKOIL depositary programs as per the instructions of the underlying holders of the DRs. According to the legislation of the RF, the voting instructions shall provide for voting in a definite way.

For the votes of the DR holders to be cast at the general shareholder meeting instructions should be issued to vote in a definite way by the date announced by the Depository Bank.

At the same time, one must disclose his/her ownership information in accordance with the RF legislation. It is a matter of principle and utmost importance that the brokers/intermediary banks disclose the ownership information (full name of the person, home address, and the address and the number of depositary receipts in relation to which instructions were issued to vote in a definite way). For their vote to be taken into consideration during the shareholder meeting, one must strictly comply with these requirements. In this case, the Depositary Bank, acting as a receiver of the above information from the intermediaries, shall prepare a consolidated list.

 

The Bank of New York Mellon (ADR)

 

Website: www.bnymellon.com/shareowner

E-Mail: shrrelations@bnymellon.com

 

Relationship Management

 

Moscow

Irina P. Baichorova, MD

Tel: +7 495 967 3110

irina.baichorova@bnymellon.com

New York
Anthony Moro, Head of Emerging Markets

Tel: +1 212 815 5838

anthony.moro@bnymellon.com


Ludmila Leliavskaia, Relationship Management

Tel: +1 212 815 4493

ludmila.leliavskaia@bnymellon.com


London

Graham Marshall, Head of Business Development, CIS

Tel:+44 207 964 6544

graham.marshall@bnymellon.com

 

Yury Mandzhiev, Business Development, CIS

Tel +44 207 964 6104

yury.mandzhiev@bnymellon.com



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