A Board of Directors meeting of PJSC LUKOIL was held today and resolved to hold the Extraordinary General Shareholder Meeting on 14 December2015 in the form of absentee voting. The list of the shareholders entitled to participate in the Extraordinary General Shareholders Meeting will be compiled as of 9 November 2015.

The Board of Directors recommended that the PJSC LUKOIL Extraordinary General Shareholders Meeting adopt a decision on dividend payment based on the results of the first nine months of the 2015 financial year in the amount of 65 rubles per ordinary share.

The Board of Directors also proposed that the Extraordinary General Shareholders Meeting set 24 December 2015 as the date on which persons entitled to receive dividends based on the results of the first nine months of 2015 will be determined.

Dividend payments to nominee shareholders and trust managers who are professional market participants registered in the shareholder register of PJSC LUKOIL shall be made not later than 14 January 2016. Dividend payments to other persons registered in the shareholder register of PJSC LUKOILshallbe made not later than 4 February 2016.