Lukoil

Transaction in Own Shares • Oct 1, 2019

National Storage Mechanism | Additional information

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RNS Number : 3033O

PJSC LukOil

01 October 2019

LUKOIL ANNOUNCES START OF BUY-BACK PROGRAMME

PJSC "LUKOIL" (the "Company") announces the start of an open market repurchase of the Company's shares and the corresponding depositary receipts for an aggregate amount of up to USD 3 billion [i] (hereinafter the "Buy-back Programme" or the "Programme").

The duration of the Programme is from October 1, 2019 to December 30, 2022. Purchases pursuant to the Programme will be made by LUKOIL Securities Limited, a wholly owned subsidiary of the Company, on the regulated trading venues in compliance with all applicable laws and regulations. Purchases will be executed by qualified international brokers.

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[i] This is equivalent to 36.3 million common shares of the Company or 5.1% of its share capital at a closing price of 82.74 USD per depositary receipt (representing 1 common share) on September 30, 2019 at the London Stock Exchange.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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