NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
OAO LUKOIL (the ‘Company’) has been notified that Sabiana Limited on 09 December 2013 made a structured international financial transaction with Goldman Sachs International to raise financing secured by up to 9,940,000.00 ADRs in relation to ordinary shares of OAO LUKOIL. Place of the transaction is London. Sabiana Limited is connected with Mr. Leonid Fedun and Mr. Vagit Alekperov, persons discharging managerial responsibilities at the Company.