Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

b)

Legal person

Grindale Investments Limited

2

Reason for the notification

a)

Position/status

Notification concerns PCA with the PDMRs:

Member of the Board of Directors, President of PJSC LUKOIL Vagit Alekperov

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

PJSC LUKOIL

b)

LEI

n/a

4

Details of the transaction(s): section to be repeated for (i) each type of instrument;(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

4.1

a)

Description of the financial instrument, type of instrument

PJSC LUKOIL ADR

Identification code

US69343P1057

b)

Nature of the transaction

Purchase of PJSC LUKOIL ADRs

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 49.00

1,348

USD 49.00

14,132

USD 49.00

304

USD 49.01

428

USD 49.01

258

USD 49.06

125

USD 49.07

222

USD 49.07

233

USD 49.08

1,275

USD 49.09

338

USD 49.10

592

USD 49.10

2,508

USD 49.11

662

USD 49.12

1,152

USD 49.12

4,428

USD 49.12

289

USD 49.13

830

USD 49.14

1,144

USD 49.14

2,236

USD 49.16

1,415

d)

Aggregated information

Price

USD 49.061

Volume

33,919

Total

USD 1,664,116.20

e)

Date of the transaction

2017-05-09

f)

Place of the transaction

London Stock Exchange (XLON)

4.2

a)

Description of the financial instrument, type of instrument

PJSC LUKOIL ADR

Identification code

US69343P1057

b)

Nature of the transaction

Purchase of PJSC LUKOIL ADRs

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 49.16

3,529

USD 49.16

2,155

USD 49.17

2,140

USD 49.18

1,970

USD 49.18

2,040

USD 49.18

1,370

USD 49.19

524

USD 49.20

1,416

d)

Aggregated information

Price

USD 49.173

Volume

15,144

Total

USD 744,681.10

e)

Date of the transaction

2017-05-09

f)

Place of the transaction

London Stock Exchange (XLON)

4.3

a)

Description of the financial instrument, type of instrument

PJSC LUKOIL ADR

Identification code

US69343P1057

b)

Nature of the transaction

Purchase of PJSC LUKOIL ADRs

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 49.20

17,868

USD 49.20

400

USD 49.21

902

USD 49.22

2,679

USD 49.22

247

USD 49.22

3,438

USD 49.23

405

USD 49.24

1,528

USD 49.24

1,362

USD 49.24

646

USD 49.25

1,696

USD 49.26

1,613

USD 49.26

2,942

USD 49.26

717

USD 49.27

1,821

USD 49.28

2,402

USD 49.28

1,569

USD 49.28

1,220

USD 49.29

712

USD 49.30

368

d)

Aggregated information

Price

USD 49.23

Volume

44,535

Total

USD 2,192,445.80

e)

Date of the transaction

2017-05-09

f)

Place of the transaction

London Stock Exchange (XLON)

4.4

a)

Description of the financial instrument, type of instrument

PJSC LUKOIL ADR

Identification code

US69343P1057

b)

Nature of the transaction

Purchase of PJSC LUKOIL ADRs

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 49.30

1,584

USD 49.30

231

USD 49.31

300

USD 49.32

348

USD 49.32

817

USD 49.32

400

USD 49.33

953

USD 49.34

962

USD 49.36

807

d)

Aggregated information

Price

USD 49.324

Volume

6,402

Total

USD 315,774.62

e)

Date of the transaction

2017-05-09

f)

Place of the transaction

London Stock Exchange (XLON)

4.5

a)

Description of the financial instrument, type of instrument

PJSC LUKOIL ADR

Identification code

US69343P1057

b)

Nature of the transaction

Purchase of PJSC LUKOIL ADRs

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 49.56

100

USD 49.57

200

USD 49.58

1,200

USD 49.58

1,562

USD 49.58

366

USD 49.59

476

USD 49.60

600

USD 49.60

13,023

USD 49.65

5,266

USD 49.68

100

USD 49.69

1,128

USD 49.70

250

USD 49.70

8,517

USD 49.84

67,212

d)

Aggregated information

Price

USD 49.775

Volume

100,000

Total

USD 4,977,497.30

e)

Date of the transaction

2017-05-10

f)

Place of the transaction

London Stock Exchange (XLON)