Lukoil — AGM Information 2014

Oct 31, 2014

Materials that are made available for those entitled to participate in the Extraordinary General Shareholders Meeting of OAO LUKOIL to be held on December 12, 2014 (in the form of absentee voting).

CONTENTS

• 1. Notice of the Extraordinary General Shareholders Meeting of OAO "LUKOIL"…………3
• 1. Agenda of the Extraordinary General Shareholders Meeting of OAO "LUKOIL"..………5
• 1. Draft decisions of the Extraordinary General Shareholders Meeting of OAO «LUKOIL»..6
• 1. Recommendations of the Board of Directors of OAO «LUKOIL» on the item on the agenda of the Extraordinary General Shareholders Meeting of OAO «LUKOIL»…………………7

OPEN JOINT STOCK COMPANY "OIL COMPANY "LUKOIL"

NOTICE

of Extraordinary General Shareholders Meeting

of Open Joint Stock Company "Oil company "LUKOIL"

Dear Shareholder,

Open Joint Stock Company "Oil company "LUKOIL" located at the address: Sretensky bulvar 11, Moscow, 101000, Russian Federation, hereby informs you that, based on the decision of the Board of Directors of OAO "LUKOIL" of 27 October 2014, an Extraordinary General Shareholders Meeting of OAO "LUKOIL" will take place on 12 December 2014 in the form of absentee voting, with the following agenda:

On the payment (declaration) of dividends based on the results of the first nine months of the 2014 financial year.

The date of preparation of the list of persons entitled to take part in the Extraordinary General Shareholders Meeting of OAO "LUKOIL" is 7 November 2014.

In accordance with Articles 58 and 60 of the Federal Law On Joint Stock Companies, shareholders exercise their right to participate in the Extraordinary General Shareholders Meeting of OAO "LUKOIL" by mailing the completed ballots to the following postal address: CJSC "Computershare Registrar" (hereinafter also the "Registrar"), ulitsa Ivana Franko 8, Moscow, 121108 Russian Federation. The ballots received by OAO "LUKOIL" before the deadline for the receipt of ballots, i.e 12 December 2014, will be considered for determining a quorum of the Extraordinary General Shareholders Meeting of OAO "LUKOIL" and tallying votes.

Information (materials) to be provided to persons entitled to participate in the Extraordinary General Shareholders Meeting of OAO "LUKOIL" (hereinafter also the "Company") in preparation for the Extraordinary General Shareholders Meeting of OAO "LUKOIL" will be available on the Company's official websites www.lukoil.ru (in Russian), www.lukoil.com (in English) from 12 November 2014; and from 12 November 2014, from 10.00 a.m. to 05.00 p.m. on business days, in the premises of the executive body of OAO "LUKOIL", at the address: Sretensky bulvar 11, Moscow, 101000 Russian Federation, tel. (495) 983 2171, 8 (800) 200 9402, and also at the following addresses:

ulitsa Ivana Franko 8, Moscow, 121108 Russian Federation telephone: (495) 926 8173, 926 8160

	(800) 200 8160
Nab. Severnoi Dviny 30, Arkhangelsk, 163000	telephone: (8182) 65 7544, 65 7554
ulitsa Pobedy 41, 4th floor, Astrakhan, 414040	telephone: (8512) 24 1040, 24 1070
ulitsa Mira 19, office 309, Volgograd, 400131	telephone: (8442) 24 7274, 24 7279
ulitsa Leitenanta Yanalova 2, Kaliningrad, 236023	telephone: (4012) 60 5434, 60 5464
ulitsa Gorkogo 5, 5th floor, office 503, Kirov, 610017	telephone: (8332) 40 5630
prospekt Mira 94 (Voskresensky Office Centre), office 314, Krasnoyarsk, 660017	telephone: (391) 216 5101, 216 5727
ulitsa Belinskogo 9/1, 5th floor, offices 10 & 11, Nizhni Novgorod, 603022	telephone: (831) 216 1662
ulitsa Svobody 1, office 117, Novorossyisk, 353900	telephone: (8617) 64 2900, 60 1033
Leninsky prospekt 16, Norilsk, 663301	telephone: (3919) 42 5025, 46 2817
ulitsa Monastyrskaya 61, office 524, Perm, 614000	telephone: (342) 211 0882, 211 0862
OPS airport Sheremetievo-1, building 6, Khimki, Moscow Oblast, 141426	telephone: (495) 578 3680
Pereulok Tersky 8, Murmansk, 183038	telephone: (8152) 42 1162
ulitsa Kooperativnaya 5, Veliky Novgorod, 173003	telephone: (8162) 73 1720
ulitsa Goroda Volos 42/105, Rostov-on-Don, 344000	telephone: (863) 244 1026
ulitsa Novo-Sadovaya 3, Business Centre '7th Avenue', Samara, 443100	telephone: (846) 379 7218, 379 7219, 379 7220
ulitsa N.G. Chernyshevskogo 60/62А, Saratov, 410004	telephone: (8452) 29 3236, 57 2894
Belovodsky pereulok 6, St. Petersburg, 194044	telephone: (812) 541 8248, 294 5243
Moskovsky prospekt 212 A, St. Petersburg, 196066	telephone: (812) 371 9868
prospekt Bumazhnikov 2, Syktyvkar-26, Komi Republic, 167026	telephone: (8212) 29 3180
ulitsa Mendeleevskaya 1, office 501, Tula, 300041	telephone: (4872) 70 0064, 30 7123
ulitsa Karla Marxa 54, office 215, Chelyabinsk, 454084	telephone: (351) 266 4770
ulitsa Revolutsionnaya 9a, Yaroslavl, Yaroslavl Oblast, 150000	telephone: (4852) 26 2524
FKB Petrocommerce, ulitsa Pribaltiyskaya 11A, Kogalym, Tyumen Oblast, 628486	telephone: (34667) 9 1114, 9 1052
Additional office No.5 of FKB Petrocommerce, ulitsa Lenina 32, Langepas, Tyumen Oblast, 628672	telephone: (34669) 2 2658
Additional office No.1 of FKB Petrocommerce, ulitsa Lenina 118, Urai, Tyumen Oblast, 628285	telephone: (34676) 2 0266
OAO Bank Petrocommerce, ulitsa Petrovka 24, building 1, Moscow, 127051	telephone: (495) 411 6411, 8 (800) 200 6411
Additional office of OAO Bank Petrocommerce ('Sretenka'), Sretensky bulvar 11, Moscow,	telephone: (499) 973 7655
101000
OAO FKB Petrocommerce, ulitsa Zakharova 11, Krasnodar, 350007	telephone: (861) 268 7508, ext. 2670, 2460
OAO FKB Petrocommerce, ulitsa Sergievskaya 9, Nizhni Novgorod, 603109	telephone: (831) 421 4853
OAO FKB Petrocommerce, prospekt Oktyabrya 25, Ufa, Republic of Bashkortostan, 450009	telephone: (347) 282 52 54, ext. 2010
OAO Uglemetbank, ulitsa Molodogvardeitsev 17B, Chelyabinsk, 454138	telephone: (351) 247 4999
	3

For the purpose of ensuring the timely payment of dividends and the provision of information, we kindly ask you to promptly inform CJSC «Computershare Registrar» of any changes in your data (changes in residence, banking details, etc.) by completing the Securities Owners' Form and submitting it to the Registrar. Pursuant to point 5 of article 44 of the Federal Law On Joint Stock Companies neither the Company nor CJSC «Computershare Registrar» will be liable for the debt incurred, should you fail to provide information on such changes.

The decision taken by the Extraordinary General Shareholders Meeting of OAO "LUKOIL" and its voting results will be communicated to the persons entitled to take part in the Meeting in the form of a Voting Results Report to be made available on the Company's official websites www.lukoil.ru, www.lukoil.com not later than four business day after the deadline for the receipt of ballots.

Dear Shareholder,

By participating in the General Shareholders Meeting of OAO "LUKOIL" you exercise your right to participate in managing the Company by taking decisions on the most significant matters of its business operations, which matters fall within the exclusive competence of the General Shareholders Meeting.

More details on the Extraordinary General Shareholders Meeting of OAO "LUKOIL" will be available if phoned at: (495) 983 2171, 8 (800) 200 9402.

Board of Directors of OAO "LUKOIL"

AGENDA

of the 2014 Extraordinary General Shareholders Meeting of OAO "LUKOIL"

On the payment (declaration) of dividends based on the results of the first nine months of the 2014 financial year.

Draft Decision on the item on the agenda of the Extraordinary General Shareholders Meeting of OAO "LUKOIL" of 12 December 2014 On the payment (declaration) of dividends based on the results of the first nine months of the 2014 financial year

To pay dividends on ordinary shares of OAO "LUKOIL" based on the results of the first nine months of the 2014 financial year in the amount of 60 roubles per ordinary share.

To set 26 December 2014 as the date on which persons entitled to receive dividends based on the results of the first nine months of the 2014 financial year will be determined.

The dividends be paid using monetary funds from the account of OAO "LUKOIL" as follows:

• Dividend payments to nominee shareholders and trust managers who are professional market participants registered in the shareholder register of OAO "LUKOIL" to be made not later than 19 January 2015,
• Dividend payments to other persons registered in the shareholder register of OAO "LUKOIL" to be made not later than 9 February 2015.

The costs on the transfer of dividends, regardless of the means, will be paid by OAO "LUKOIL".

Recommendations of the Board of Directors of OAO "LUKOIL" to the Extraordinary General Shareholders Meeting of OAO "LUKOIL" of 12 December 2014 on the size of dividends on ordinary shares of OAO "LUKOIL" based on the results of the first nine months of the 2014 financial year and procedure for their payment, and on establishing the date on which persons entitled to receive dividends will be determined (decision of the Board of Directors of OAO "LUKOIL" of 27 October 2014)

To pay dividends on ordinary shares of OAO "LUKOIL" based on the results of the first nine months of the 2014 financial year in the amount of 60 roubles per ordinary share.

To set 26 December 2014 as the date on which persons entitled to receive dividends based on the results of the first nine months of the 2014 financial year will be determined.

The dividends be paid using monetary funds from the account of OAO "LUKOIL" as follows:

• Dividend payments to nominee shareholders and trust managers who are professional market participants registered in the shareholder register of OAO "LUKOIL" to be made not later than 19 January 2015,
• Dividend payments to other persons registered in the shareholder register of OAO "LUKOIL" to be made not later than 9 February 2015.

The costs on the transfer of dividends, regardless of the means, will be paid by OAO "LUKOIL".