NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
OAO LUKOIL (the “Company”) has received notification that ALPEMAR OVERSEAS LTD acquired 100,000 LUKOIL ADRs (each representing one ordinary share of the Company) on 14 July 2014 in London, UK. The volume of the transaction was USD 5,950,000. ALPEMAR OVERSEAS LTD is connected with Mr. V. S. Subbotin, Vice President and a member of the Management Committee of the Company.