Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

b)

Legal person

Sabiana 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,

Member of the Board of Directors, Vice President of PJSC LUKOIL Leonid Fedun

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 ADR

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 54.06

4,386

USD 54.07

614

USD 54.13

5,000

d)

Aggregated information

Price

USD 54.096

Volume

10,000

Total

USD 540,956.14

e)

Date of the transaction

2017-02-27

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 ADR

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 53.00

2,500

USD 53.01

2,500

USD 53.30

19

USD 53.31

250

USD 53.32

692

USD 53.35

1,373

USD 53.39

1,539

USD 53.40

2,589

USD 53.42

6,038

USD 53.44

2,500

d)

Aggregated information

Price

USD 53.304

Volume

20,000

Total

USD 1,066,081.96

e)

Date of the transaction

2017-02-28

f)

Place of the transaction

London Stock Exchange (XLON)