OAO "LUKOIL": TO THE ATTENTION OF OAO "LUKOIL" SHAREHOLDERS

Please be aware that the Annual General Shareholders Meeting of OAO "LUKOIL" will be held in Volgograd at 2:00 p.m. on June 25, 2015. The information regarding the AGM is available on the Company's web site.

Information for depositary receipt holders can be reached via the following links:

http://www.lukoil.com/static_6_5id_2108_.html
http://www.adrbnymellon.com/dr_profile.jsp?cusip=677862104

OAO "LUKOIL" kindly invites all the shareholders to participate in the Annual General Meeting. By submitting your proxy, you exercise your right to participate in managing the Company by taking decisions on the most significant matters of its business operations.