NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
OAO LUKOIL (the “Company”) has received notification that Mr. V. Yu. Alekperov, President and member of the Board of Directors of the Company, acquired 145,000 ordinary shares in the Company on 16 January 2014 in Moscow. The volume of the transaction was 289,275,000 Russian rubles.