NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
OAO LUKOIL (the “Company”) was informed that A. A. Barkov, Vice President and a member of the Management Committee of the Company transferred 75,000 ordinary shares of the Company to his spouse, V. N. Barkova on 25 September 2008 in Moscow. The consideration for the transaction was zero.